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50’s Are the Most Expensive Years for Brits – Benenden Healthcare Society
The latest survey by Benenden Healthcare Society, health and well-being mutual organisation, revealed that 50's are the most expensive years in the life of Brits.People entering this age need to earn at least 1,500 pounds a month to "keep their heads just above the water" as they need to make their mortgage payments and support their children and... Read more
Brits Prefer Luxuries to Life Insurance
According to the latest Aviva Family Finances Report, the majority of Brits think that luxuries such as family holiday are more important than life insurance.As such, only 3% of those questioned by Aviva were planning to buy life assurance, whereas as many as 21% of Brits were going to book their annual holiday.Furthermore, 50% of Brits are paying... Read more
Family Holidays Become Very Popular Among Brits
Brits choose to go abroad in groups of 6 and more, taking their children and grandparents along.A report by UK insurance company, Esure, suggests that more and more Brits are opting for family holidays.The survey carried out by the insurance provider revealed that "XL" family holidays are very popular among Brits. The preferred destinations are... Read more
UK Insurers Skeptical of Gender Ruling
Earlier, we have already reported that the European Court is deciding whether or not to ban the use of gender in pricing protection policies. The latest news is, that the Court ruled in favour of the ban, and, as a result, faced a barrage of criticism from UK insurance industry.As such, Mr. Brodie of Master Adviser said that use of gender in... Read more
Aviva Reports 35% Increase in Profits
The latest report by Aviva, UK leading insurance giant, suggests that the company's full-year profits were boosted by increased life assurance sales.As such, pre-tax profits in 2010 amounted to £2.4 billion. This represents a 35% from 1.8 billion in 2009.The double digit increase in profits was registered not only in Great... Read more
Aviva to Launch Emotional Life Insurance Campaign
Aviva, one of the largest insurance companies in Great Britain, is about to launch advertising campaign, which is expected to be emotionally disturbing and yet focused on the importance of life and health protection.The campaign will feature newspaper ads and TV advertisements starring Paul Whitehouse, popular British comedian. The disturbing part... Read more
Over 50% of Brits Lack Life Insurance – Barclays
A recent survey carried out by Barclays revealed that more than 50% of UK adults do not have life cover despite the fact that many of them have children or other dependents.Of Brits whose lives are not covered, 25% said that they have no dependents and do not care about insurance, 23% said they never considered buying life cover, while 21% are... Read more
50% of UK Mortgages Not Covered by Life Insurance
The report published by Sainsbury's Insurance on Monday, November 1st, suggests that almost 50% of UK mortgages are not covered by life insurance. This means that over 7.1 million Brits, who collectively owe £318 billion, do not have a proper policy, which would cover their debts.A similar research has been carried out by the company 4 years... Read more
AXA Life Insurance Sales Reach £38.5 Billion
On Thursday, October 28th, AXA - a French-based insuring company, which is number 2 in Europe in terms of market share - announced that its 9-month revenue increased by 3.5% due to high level of life insurance sales in UK and other countries.Revenue of AXA in the first 3 quarters of this year amounted to £61.8 billion, whereas revenue at the... Read more
The Co-operative Tries to Sell Life Insurance Business
The Co-operative, one of the leading UK insurance providers, tried to sell its life assurance business, but did not succeed so far because the market response was not what the company hoped for.The Co-operative Insurance Society (CIS) is currently being reviewed by Deutsche Bank. It is expected to be valued at £400 million even though it has... Read more