Many SMEs do not protect 'most valuable asset'

Ahead of this year's Term & Health Watch report, Swiss Re has released the findings of its ‘The vulnerable business' report, which looks at level term assurance (LTA) sales data for business protection. According to the report, sales volumes are ‘modest', showing a 10% increase year-on-year between 2016 and 2017. For 2017 this amounts to 2.5% of all LTA sales with and without critical illness (CI). The LTA sales total for 2016 was 19,091 compared to 21,187 in 2017. Average sum assured in 2017 varied greatly for both LTA and LTA + CI. The lowest average new sum assured for LTA was £89,...