UK Critical Illness Cover market report
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Providing the most comprehensive and up-to-date information and analysis of the Critical Illness Cover market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Products covered in this Report
This Report examines the UK market for individual critical illness insurance.
Critical illness cover is a long-term policy designed to pay a tax-free lump sum to the policyholder on the diagnosis of certain illnesses and medical conditions of a specific severity, such as cancer, heart attack, stroke, multiple sclerosis, etc. The number and range of medical conditions covered can vary considerably between insurers. It can be bought on its own (ie as a standalone policy) or as an addition (ie as a ‘rider’ benefit) to other types of insurance, notably term life assurance. It can be taken out on a single or joint basis. Some policies include cover for children, either as standard or as an optional extra.
Although the focus of this Report is on critical illness insurance, reference is also made to other related products, such as term assurance. For definitions of these, see the Appendix.
Expert analysis from a specialist in the field
Written by Sarah Hitchcock, a leading analyst in the Finance sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Despite the constant tweaking of policy terms, devising more simplified and affordable propositions and introducing added-value benefits, providers still struggle to effectively tap into the strong latent demand that exists within the core target groups of families and mortgage holders. As such, it remains an underpenetrated market.
Senior Financial Services Analyst
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This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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