Tom Baigrie: Closed book insurers mean well too

'Our past has been rife with some very poor intermediary practice'

clock • 3 min read

LifeSearch CEO on fulfilling claims, mis-selling policies and treating customers fairly

If you read Katie Morley's recent consumer champion piece in The Telegraph you'll see an example of why sometimes the protection market can't truly be trusted. And it isn't because the insurer didn't pay the claim until pushed. Rather, Reassure, a closed-book insurer has paid a claim it technically didn't have to - to help a claimant in dire need and, yes, to placate a crusading journalist. I've always doubted the enthusiasm of closed-book insurers to pay claims, given they don't have to sell any new policies. So, when I recently asked Reassure if they would join the PDG Claims Charte...

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 Adviser / Broking

SBG names Claire Cherrington as DA distribution director

SBG names Claire Cherrington as DA distribution director

Responsible for driving growth and increasing market share

Jaskeet Briah
clock 12 December 2024 • 1 min read
Phil Jeynes to leave Reassured

Phil Jeynes to leave Reassured

Jeynes to explore other interests

Cameron Roberts
clock 11 December 2024 • 1 min read
COVER Protection and Health Summit North 2025 returns

COVER Protection and Health Summit North 2025 returns

27 March 2025 – The Park Royal Hotel, Warrington

COVER
clock 11 December 2024 • 2 min read