Summary
Individual
product performance in the protection market is a turbulent and confusing
picture, with erratic premium behavior across the board.
While term (and specifically non-mortgage
term) products are still the dominant force with over 70% of protection share,
there has been downward pressure on every product line in recent times,
reflecting the uncertain, fragile national macroeconomic picture. Indeed, in
the absence of major market-driven change it is the macro-environment that
dictates performance.
Synopsis
Verdict
Financial's “UK Protection Insurance: Critical Illness and Income Protection”
examines the protection market, focusing on two products: critical illness and
income protection. It examines how the market has performed and explores the
key drivers shaping the market going forward. It also highlights the impact of
RDR and provides a forecast for the next five years.
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