Product design and pricing of Income Protection: What the UK can learn from the Australian crisis

Market:  

UK/AUS

Product:  

Income protection

Webinar duration:

56 mins

Description

The UK Income Protection market, despite short-term COVID-19 headwinds, has grown rapidly over the last 5 years and is projected to grow further as awareness and appetite for IP products increases. 

The design and pricing of income protection products is significantly more complicated than other Protection products with many moving parts and their impact on long-term claims outcomes - the challenge of getting this right has played out recently in the Australian IP market, culminating in regulatory intervention and massive industry losses.      

Our panel of IP experts explores the current state of the UK and Australian IP markets, drill into some of the fundamental issues seen in Australia and explain what this means for UK IP providers. 


Key Points

  • Key drivers of the sustained growth seen in the UK IP market
  • How the UK and Australian IP markets align and lessons to be learned from the Australian experience
  • How insurers can grow their new business without getting caught up in a features arms race
  • The importance of leveraging new technologies when developing IP products in the UK

Speakers

Speaker headshot

Shelley Cox

UK Customer Success Director & Product Owner
Montoux
Speaker headshot

Matt Ralph

Director of Customer Success AU/NZ
Montoux
Speaker headshot

Philippe Guijarro

Partner
PwC UK
Speaker headshot

Ewen Tweedie

Manager
PwC UK

Webinar slides

A PDF of the slides covered in the webinar that you can share with your contacts and colleagues