Income Protection and Critical Illness Insurance in the UK, Key Trends and Opportunities to 2017 - New Market Study Published
New business premiums in the income protection and critical illness market grew by 14.5% in 2012, which coincided with an increase in mortgage sales. However, the income protection gap in the UK has remained significant, rising by 46% between 2002 and 2012. The income protection and critical illness market recorded a decline of 14.6% in 2008, with new business premiums falling by 24.4% in 2009. The recession has affected household finances, reducing the demand for discretionary income protection and critical...
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