IP Campaign: IPTF founder backs COVER

clock

The joint chair and founding member of the Income Protection Task Force has thrown his weight behind COVER's campaign against the use of list based definitions in income protection policies.

Clive Waller, managing director at CWC Research, said: "While it is not for me to speak on behalf of all IPTF members, payment of legitimate claims has always been at the top of the Task Force's agenda and continues to be."

"I believe it is essential that we move to own occupation definitions wherever possible and I welcome Cover Magazine's campaign.

The Task Force is made up of leading reinsurers, providers and distributors together with founders, Le Beau Visage and CWC Research.

Its brief is to dramatically increase sales of income protection by: engaging with advisers to try to understand the barriers and the positive aspects of the product; underlining the value of Income Protection to a wider industry and consumer audience including key regulators, and through considering all areas of product and process.

Waller concluded: "I look forward to progress in those difficult areas such as house person's cover where we still need to work for a better and more customer friendly definition of exactly what constitutes a claim."

More on Income Protection

Iress adds Scottish Widows' new IP to platform

Iress adds Scottish Widows' new IP to platform

Technology provider, Iress, has added Scottish Widows’ new income protection (IP) product to The Exchange - its quote and apply platform for intermediaries.

Jaskeet Briah
clock 06 November 2024 • 1 min read
To retirement or not to retirement

To retirement or not to retirement

IP is the Question

IPTF
clock 05 November 2024 • 3 min read
IPTF announces restructure

IPTF announces restructure

Andrew Wibberley steps down

Jaskeet Briah
clock 24 October 2024 • 3 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read