Swiss Re

The protection industry has made progress in communicating with consumers but more needs to be done and now maybe the time for product innovation, Swiss Re has said.

Some providers are increasingly targeting workplace and employer based routes to market. Is this going to become more common and should advisers be doing more in this area?

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

The group risk market has begun to recover from the effects of recession although income protection is still in decline, according to Swiss Re.

The group risk industry should be smiling broadly not merely breathing a sigh of relief following the confirmation of an exception from retirement age legislation, said Swiss Re.

After four years with Swiss Re's Australia and New Zealand business, Russell Higginbotham believes the UK could import some ideas from the Australian life and health market

Swiss Re's predicts growth in the insurance and reinsurance industry will continue to accelerate next year and expects moderate expansion in the European and US economies.

Consumers view their financial health in stark contrast to how the protection industry thinks they should, according to research from Swiss Re.

Swiss Re has revealed a €10tr gap in European life insurance coverage and believes the industry needs to be bolder in selling the affordability and benefits of life cover.

Protection is unlikely to join the national employment savings trust (NEST) project following a meeting between Government representatives and counterparts from the group risk industry.