Life insurance

24-hour turnaround on applications referred to underwriters

Many firms have already made “great progress”

Covering areas such as open finance data and regulatory technology

Available from 15 February 2024

“Protection needs to be an easier purchase”

Applicants more likely to receive cover and standard terms

Cancellations nearly doubled

Statistics more "concerning" for renters

Two improved critical illness definitions

Reduced features available for affordability