PDG calls for industry collaboration during coronavirus

'Work together, be prepared and where possible be flexible'

Adam Saville
clock • 3 min read

Letter to UK life insurers makes a number of suggestions about how to support customers during crisis

The Protection Distributor's Group (PDG) has called upon the life insurance industry to "work together" to keep policies alive during the coronavirus. Alan Knowles, managing director of Cura and chair of the Protection Distributors Group, said: "Whilst the Chancellor's bailout for employees last week was welcome news, there are still a lot of people who are being hit financially as a result of COVID-19. For those of us who remember the 2008 credit crunch, you'll know that insurance policies are often one of the first things to be cancelled in times of financial hardship. Advisers and ins...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

How cancer impacts lifestyle: AXA Health

How cancer impacts lifestyle: AXA Health

70% worried about cancer returning

Jaskeet Briah
clock 28 January 2025 • 2 min read
Reassured records 200% increased return rate for Trust solution

Reassured records 200% increased return rate for Trust solution

Launched in September 2023

Jaskeet Briah
clock 27 January 2025 • 1 min read
Two in five adults expect finances to worsen

Two in five adults expect finances to worsen

Gaps in financial protection

Jaskeet Briah
clock 27 January 2025 • 3 min read