"Creditor Insurance in the UK - Key Trends and Opportunities to 2017" Is Now Available at Fast Market Research
Creditor insurance protects policyholders against the risk of debt non-payment in the event of sickness or unemployment. The category has been thrust into an unfavorable spotlight following widespread controversy over the selling practices of payment protection policies by retail banks, the primary distributor of the product. The bank-led distribution model means that insurers constitute only a small proportion of the estimated GBP5 billion market. Gross written premiums reported in annual regulatory returns totaled GBP711 billion in 2012, and fell by...
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