CCR Magazine

You are here  :Home arrow News arrow Equifax Touchstone: 2016 protection sales up 14%
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Equifax Touchstone: 2016 protection sales up 14% PDF Print E-mail
Thursday, 23 March 2017
Analysis from Equifax Touchstone, a market leading intermediary database provider, reveals resilient performance of the protection market in 2016 with sales of £521.0 million, up from the 2015 total of £457.3 million (+13.9%).

While overall sales improved in 2016, the last quarter of 2016 saw lower sales compared to the previous three months. For October to December £131.5 million of cover was sold, down from £139.3 million in the third quarter (-5.6%).

The data, which is collated from over 90 major product providers, with inputs from more than 11,000 advisers, shows that term assurance accounted for 38.7% of protection sales in 2016, while mortgage term assurance accounted for 16.5%.

Term policy sales grew by 102.4% compared to 2015, critical illness sales were up by 50.8%, and sales of term assurance policies with critical illness incorporated by 145.6%.

John Driscoll, Director at Equifax Touchstone, says: “Protection volumes fell in the later part of 2016 due to mortgage market declines in the third and fourth quarters. However, in a year of political upheaval, with Brexit and the US elections, the protection market as a whole remained strong and saw continued growth for the year.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197