
Vicky Pearce
Articles
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3 weeks ago |
moneymarketing.co.uk | Momodou Musa Touray |Kimberley Dondo |Greg Neall |Vicky Pearce
The UK protection market is off to a buoyant start in 2025 with 17% year-on-year increase in Annual Premium Equivalent (APE) for the first quarter, data from iPipeline shows. New business is also on the rise, with volumes up by around 4% compared to the same period in 2024. The sharp increase in APE was driven largely by a 77% surge in sales of “other” types of cover.
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3 weeks ago |
moneymarketing.co.uk | Vicky Pearce |Momodou Musa Touray
Guardian has announced it paid £21.3m in claims payouts during 2024 across 238 life, terminal illness and critical illness claims. This is an increase of 40% more paid out compared to Guardian’s figures for 2023 and is in line with the challenger brand’s rate of sales growth during its early years of trading. The claims figures relate to products which have been in the market for five or more years.
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1 month ago |
moneymarketing.co.uk | Momodou Musa Touray |Vicky Pearce |Lucy Brown
Scottish Widows has partnered with insurance automation specialist Sprout.ai in a pilot project aimed at speeding up claims and underwriting using artificial intelligence (AI). The trial, which incorporates natural language processing (NLP), will focus on automating key parts of the claims journey by reducing processing times and simplifying complex medical documentation.
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1 month ago |
moneymarketing.co.uk | Lucy Brown |Vicky Pearce |Momodou Musa Touray |Alan Lakey
Many people today enjoy higher living standards than the wartime generation, but we are also facing a global health and wellbeing crisis. Modern lifestyles have contributed to a surge in chronic diseases that are responsible for 74% of all deaths worldwide, up from 61% in the last decade, according to the World Economic Forum. But 80% of those illnesses, which include heart disease, stroke and type 2 diabetes, can be prevented with simple changes to everyday habits.
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1 month ago |
moneymarketing.co.uk | Momodou Musa Touray |Ian McKenna |ian mckenna |Vicky Pearce
Unum has acquired the renewal rights for Generali UK’s Group Risk employee benefits business, expanding its footprint in the UK workplace protection market. The deal also sees Unum join the global Generali Employee Benefits (GEB) Network, following a competitive selection process. The move will enable the two organisations to jointly offer UK employee benefits solutions to multinational employers.
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