Latest News
LV= Insurance to Expand Its Office in Bristol
In its latest statement made on January, 17th, LV= insurance company said it plans to expand its presence in Bristol.At the moment, LV= has an office in Bristol consisting of 500 employees, dealing mainly with customers' claims and IT issues. The management of LV= insurance plans to hire 50 more employees who will be placed into the sales and... Read more
UK Car Insurance Prices Rose by 5-17% Last Year
Car insurance premiums increased in UK by 5-17% in 2011, depending on the region, research finds.The latest research by comparison website Confused and Towers Watson, a consulting company, suggests that the price of car insurance rose in 2011 across the UK. The rises, however, were very uneven, depending significantly on the region.As such, the... Read more
Wedding Insurance Is Very Important –ABI
The Association of British Insurers recently reminded all couples planning a wedding to purchase insurance cover.Experts' estimates suggest that an average UK wedding costs £20,000, making it the most expensive day in people's lives. Thus, it is essential that this day is fully insured.Most UK insurance providers include the following... Read more
Costs for UK Insurance Brokers Are Too High – BIBA
A recent report by the British Insurance Brokers' Association (BIBA) suggests that the number and cost of regulation imposed on insuring brokers is higher in the UK than in all other European countries.Experts at BIBA called the current regime of the Financial Services Authority (FSA) disproportionate and inappropriate because costs for brokers in... Read more
UK Families Under Protected against Financial Losses – Nationwide
According to a research recently carried out by Nationwide, almost 47% of UK families are under protected against worst case scenario as they do not have life insurance.What is more, 76% of families do not have critical illness cover and 75% do not have home insurance.The proportion of those who have income protection insurance is only 17%, while... Read more
Income Protection Insurance Should Be More Transparent
The work of UK insures and the Association of British Insurers (ABI) resulted in significant improvements in transparency across the insurance sector and income protection sector in particular.Now, British insurers publish paid claims statistics one by one with Aviva and LV= being the ones to announce they pay out over 90% of all critical illness... Read more
Income Protection Insurance Might Replace Sick Pay
Dame Carol Black, UK national director for health and work, in cooperation with David Frost, British Chambers of Commerce' director general, are currently reviewing sickness absence in UK.They are planning to replace traditional sick pay with income protection insurance to reduce the cost of illness repayments.Under the new rules, should they be... Read more
Health Insurance Awards 2010 Held in London
Health Insurance Awards 2010 was held in Grosvenor House Hotel located on Park Lane, London. The event, which highlighted the best health protection companies in Great Britain, was attended by more than 800 guests and hosted by Mr. Patrick Kielty, comedian from Northern Ireland.A large number of insurers and intermediaries were represented at the... Read more
Income Protection Insurance Improved at Canada Life
Canada Life, one of the insurance companies that is widely present on the UK market, has made its CMS Connect service available to a larger number of policyholders.Earlier, the service was only accessible by holders of group income protection (GIP) because the qualifying annual premium amount ranged from £75,000 to £100,000. Now that... Read more
LV= Offers 5% Off Income Protection
LV= has announced it will provide its new and existing customers with a 5% discount on income protection who buy the product by the end of 2010.Mark Jones of LV= said that the move aims to demonstrate Brits that this type of cover is not as expensive as it may appear. LV= also believes that a 5% discount is a good reason for many people to take... Read more