Abstract
Introduction
The current economic turmoil, characterized by plummeting share prices and a
troubled housing market, is in some areas having a positive impact on the
protection market. In spite of current challenges, providers can capitalize on
consumers' realization of the value of term, income protection and critical
illness insurance through simplification of products and expansion of
distribution channels.
Scope of this research
- Examines the current shape of the protection industry and explore factors
that are currently limiting new business.
- Assesses strategies to combat barriers to consumer engagement with term,
critical illness insurance and income protection.
- Identifies key competitors and examines their differing strategies in the
UK protection market.
Research and analysis highlights
The need to focus on customer education from all industry parties has never
been more urgent. In particular, advisors are well placed to sell protection
and educate customers to its importance.
Key reasons to purchase this research
- Gain valuable insight into how to react to the latest innovations and
developments in the protection market.
- Understand the protection market, the distribution trends and the key
drivers of new business for term, CII and IP.
- Access Datamonitor' s forecasts for the market and valuable knowledge of
how the sector is set to develop.
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