News.

18 May 2023 – UK protection and health insurer, The Exeter, has today announced that its Head of Healthcare Distribution, Karen Woodley, will be joining the Association of Medical Insurers and Intermediaries Executive Committee (amii).

Protection and health provider The Exeter has announced the appointment of Claire Hird as its new Customer Service Director*. Hird joined at the start of the new year and will oversee the underwriting, claims, and customer service functions.

• Customers prioritise high quality (99%), affordability, and customer service (98%) the most when choosing insurance products
• 98% of respondents also rated companies having a strong track record of paying claims as ‘important’
• Of the sample, 1,526 (76%) said they were confident that an insurance company would pay out on their protection claim

Leading UK protection and health insurer The Exeter, has announced the inclusion of a new guided option to its five-star Defaqto-rated Health+ product, providing wider choice and a lower cost alternative for those looking to access private healthcare.

• Over 18 million UK adults¹ – equal to 61% of the working population – struggled to access NHS care in the past year
• Almost half (49%) of all UK adults were concerned about getting a same day GP or face to face appointment
• However, only 13% of UK adults have used private/remote GP services, reflecting consumer concerns about affordability and potentially a reduced awareness of private insurance products.

It’s no secret that the costs of living in the UK are rising, with people across the country, facing growing financial uncertainty. Recently the ONS reported that 89%[1] of adults in the UK have seen a rise in their living costs.

As people look to manage their finances, it is vital they make informed decisions when cutting back on essentials, and that includes protection insurance.

• Just 17% of UK adults have or are in the process of applying for income protection policies
• Limited product uptake comes as 43% of working age adults say they are worried about a loss of earning due to personal illness, rising to 47% in London

Paradigm Protect, the directly authorised protection proposition, launches new PMI proposition to member firms

20% of those aged 45-54 and 19% of those aged 55-64 reported that they saved nothing at all, the highest proportion of any demographics

Over half (52%) of UK workers surveyed were concerned about being able to pay for food or utility bills and 44% are worried about being able to pay rent/mortgage bills.

Leading UK protection and health insurer, The Exeter, today announced that Peter Hubbard is joining its Board as a Non-Executive Director and will be appointed Chair subject to final regulatory approval being received.

The Exeter’s CEO, Isobel Langton, joined COVER Magazine editor John Brazier for the second episode of The COVER Review.

“As people currently remortgaging are often taking on higher costs to free up equity, it’s important that advisers discuss wider protection options with their clients." - Jamie Page. 

Leading UK protection and health insurer, The Exeter, has today released its income protection claims data for 2021, showing it paid £10.5 million, an increase of 4% on the £10.1m in 2020.

Leading UK protection and health insurer, The Exeter, today announced that its Chair, Wallace Dobbin, will be retiring from his role in June 2022 following the company’s Annual General Meeting.

Leading UK protection and health insurer, The Exeter, has today announced that it will be returning a total of £5.3 million to its health insurance members. The rebate will see members receive an average return of £346 per policy, equivalent to two months’ premiums (excluding insurance premium tax).

Protection and health insurer, The Exeter, saw year on year usage of its free member health and wellbeing app, HealthWise, grow by 60% in 2021.

Leading UK protection and health insurer, The Exeter, has become the first insurer to sign up to the Vulnerable Customer Charter, developed by the UK Financial Vulnerability Taskforce (FVT) to promote greater understanding and establish best practices in respect of consumer vulnerability.

Protection and health insurer, The Exeter, have announced the appointment of Gordon Greig as their new Strategy and Change Director. Gordon joins The Exeter from his previous position as Protection Proposition Director at Royal London.

“The best way of promoting income protection is to improve the customer journey”.

Health and protection insurer, The Exeter, has today announced the appointment of Jamie Page as Head of Strategic Partnerships. Jamie joins The Exeter from his previous position as Head of Exclusive Associates at Vitality UK.