Term Assurance - UK - June 2019
US $2,604.27 (Excl.Tax)Excl. Tax Buy Now
The term assurance market has experienced a period of inconsistent growth in recent years; however, 2018 marked the third successive year of growth in terms of sales of new contracts. This growth can largely be attributed to the non-mortgage related market with non-advised direct to consumer policies increasing in popularity. Policies linked to a mortgage have experienced little growth, with people shunning the traditional route of arranging a policy with their mortgage adviser. Consumers are favouring faster life insurance applications, although this may come at a cost for those with ongoing conditions, or who are looking for a more personalised experience.
“Faster and simpler applications have made term assurance more appealing. However, the growth of direct to consumer products means that there needs to be a shift in the way that providers target new customers. Those with specific insurance needs or ongoing conditions need to be made aware that they have options, while the introduction of products to different segments, such as parents or renters, with specific benefits attached can help to improve its relevance.”
– Douglas Kitchen, Financial Services Analyst
This report examines the following issues:
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.