UK Protection Insurance 2017: Critical Illness & Income Protection
The income protection and critical illness insurance markets continued to grow in 2016. Their year-on-year percentage growth outstripped the total protection market, highlighting a growing market for illness- and injury-oriented products. However, together they still only account for less than 10% of the total protection market in terms of contracts and premiums. Protection products remain complex, and are still sold and not bought, making advisors key to distribution. Income protection in particular is highly reliant on advisors, and this is not likely to change soon. Meanwhile, individuals are beginning to purchase critical illness insurance independently online without advice, although advisors will remain key. To maintain market growth, providers and advisors must continue to build consumer engagement with these products.
Get the sample copy of this report @ https://www.marketresearchreports.biz/sample/sample/1329588
- Income protection grew by 7.4% to 119,459 in contracts and 10.8% to 48.3m in premiums from 2015 to 2016.
- Standalone critical illness insurance grew by 50.5% to 28,751 in contracts and 47.3% to 14.1m in premiums from 2015 to 2016.
- Legal & General dominates the critical illness insurance market, holding a 25.4% market share in 2016. LV= and Friends Life dominate the income protection market, with 27.3% and 23.1% shares respectively in 2016.
Reasons to buy
- Understand the barriers of uptake for critical illness and income protection, and learn how to increase consumer engagement.
- Explore how the distribution landscape is changing for these products.
- Discover which providers lead the critical illness and income protection markets.
- See how critical illness and income protection are forecast to grow over the next five years.
MRRbiz supports your business intelligence needs with over 700,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.
90 State Street, Suite 700
Albany, NY 12207
Toll Free: 866-997-4948
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UK Protection Insurance 2017: Critical Illness & Income Protection here
News-ID: 1057911 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is
More Releases for Protection
Income Protection - United Kingdom (UK) Protection Insurance 2021
HTF Market Intelligence released a new research report of 39 pages on title 'Income Protection - United Kingdom (UK) Protection Insurance' with detailed analysis, forecast and strategies. The study covers key regions that includes United Kingdom (UK) and important players such as Legal & General, Aviva, Royal London, The Exeter, Friends Life, Vitality, AIG, Guardian, SquareHealth, Medical Screening Solutions, Canopy, Anorak, Quilter, iPipeline. Request a sample report @ https://www.htfmarketreport.com/sample-report/2806177-income-protection-united-kingdom Summary Income
Crop Protection Chemicals Market, Crop Protection Market Research, Crop Protecti …
The crop protection products, likewise crop pesticides, are utilized to decrease the yield losses by the pests and syndromes. Reliant on the Royal Society of Chemicals, nearly 800 chemicals active ingredients are registered for the usage as a crop protection solution across the globe. Such chemicals are widely classified in the fungicides, herbicides and insecticide groups. The crop protection chemical industry has been converting over the years, with vigorous growth
Spear Phishing Protection Market - Multi-Layered Malware Protection, Social Engi …
In the highly competitive vendor landscape for the global spear phishing protection market, companies are focusing on the development of technologically advanced and innovative spear phishing protection solutions so as to retain consumers and attract new ones. Focus on expansion across lucrative regional markets is also emerging as a leading growth strategy adopted by players with the view of strengthening their positions and improving growth prospects, observes Transparency Market Research
Personal Protective Equipment for Mining Market Report 2018: Segmentation by Typ …
Global Personal Protective Equipment for Mining market research report provides company profile for AJ Charnaud, Cordova Safety Products, Cestus, DuPont, Ergodyne, Moldex, 3M, Ansell, Honeywell International, MSA and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
UK Protection Insurance: Critical Illness & Income Protection
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
UK Protection Insurance: Critical Illness & Income Protection
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