Keeping you upto date with the latest life insurance news

Insurance industry fraud problems set to deteriorate

Monday, May 26, 2014


More than a third (35%) of insurance intermediaries expect the problem of fraud facing the industry to become worse over the next three to five years, a survey has found.
Only 15% expect there to be an improvement in fraud.
Two thirds (65%) of intermediaries believe greater digitisation of information and data will help, compared to only 17% who think it will have no impact at all, the survey by EDM Group found.
Craig Campbell, head of insurance sector at EDM Group, said insurance ... Read full article



Category: Life Insurance

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Critical illness proposition enhanced by Friends Life

Tuesday, May 20, 2014


Friends Life has made enhancements to its Protect + critical illness cover proposition.

The enhancements focus on the core illnesses where most claims occur.
Friends Life will now pay out on diagnosis of a heart attack, supported by any of the following: evidence of raised troponins (proteins that are released when the heart muscle is damaged) and either a positive ECG or other diagnostics test such as Echocardiogram.

It has introduced a simpler diagnosis definition o ... Read full article



Category: Life Insurance

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