Record week for IP: iPipeline

Activity 8% higher than previous record

Cameron Roberts
clock • 1 min read

Technology provider, iPipeline, reported it has experienced its highest week for new Income Protection (IP) applications in a decade this month.

For the week beginning 11 March, the provider received 3,280 applications, which is 8% higher than the previous record total. The figure includes standalone or multi benefit plans that include IP.  t Paul Yates, product strategy director, iPipeline, said: "The activity we've seen on iPipeline portals this month further indicates the growing demand for income protection. The weekly high achieved in 2023 was the highest since 2014, which indicates an upward trend is likely to continue this year. "In a climate of high interest rates and many still feeling the squeeze caused by double dig...

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 Income Protection

Partner Insight: The everyday risks clients face

Partner Insight: The everyday risks clients face

New report sheds light on the common risks than can disrupt financial stability

MetLife
clock 20 November 2024 • 4 min read
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