
85% of UK income protection needs still not covered, report reveals
The report from the IPTF and Iress found the market grew by 7% compared to last year, with application volumes up 56% since 2022.

The report from the IPTF and Iress found the market grew by 7% compared to last year, with application volumes up 56% since 2022.

This year’s 7Advisers are Matt Leonard, Georgia Parker, Dave Tindall, Melissa Burrows, Matt Down, Simone Riley and Katharine Stagg.

Swiss Re, Instanda, RGI Solutions and Fineos have joined, broadening the range of organisations supporting the IPTF’s work.

The launch follows IPTF’s introduction of ASU to its portfolio in February this year, which has since generated significant interest as both an alternative to traditional income protection and a potential solution for some the underserved market.

The report looked at how cover levels are set at the start, how claims are worked out, and how proportionate benefits help people return to work.

With the addition of Krysalis, membership now covers insurers, reinsurers, value-added service providers, portals and technology firms.

Sapiens, a provider of artificial intelligence (AI) driven insurance software solutions, has become a member with immediate effect.

The new addition, Working to Wellbeing, provides work focused clinical support for employees and managers.

This story showcases the essential role advisers play when clients make claims on their income protection policies.

The launch coincides with 'Time to Talk Day', an initiative backed by the charity Mind aimed at starting conversations around mental health.

The aim is to improve the income protection claims process and provide a clear roadmap for enhancements in this area.

Joining Jo Miller and Vicky Churcher on the board are Peter Le Beau, one of the IPTF's founders, Christine Husbands, and Phil Jeynes.
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