UK Protection Insurance: Term and Whole of Life
The life market has contracted significantly over the last couple of years since the introduction of the Retail Distribution Review (RDR) and the subsequent exodus of banks providing advice, so that now both the number of contracts and the value of premiums are at much lower levels than before. With minimal change in either variable over 2014 and 2015, a new normal is taking hold in the market.
Scope
This report examines the protection side of the life insurance market, the side that broadly provides financial compensation in the risk-measured event of death or severe health issues. Taking protection as a whole, it focuses on the major and closely related product lines of term and whole of life insurance. It also highlights the impact of the RDR and provides a forecast for the next five years.
Reasons to Buy
– Review your strategy against both the existing and new challenges facing the term and whole of life insurance markets.
– See where the opportunities are for digital disruption and how insurers need to respond.
Key Players
Table of Contents
List of Tables
List of Figures
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