UK Income Protection Insurance Market Report 2024 with Forecasts of Contracts and Premiums to 2028 [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
The report provides an in-depth assessment of the income protection insurance market, looking at current and historical market size with regards to changes in contracts and premiums. It examines how income protection products are distributed and highlights key changes in the competitive landscape, as well as the proposition of the key market players. It provides five-year forecasts of contracts and premiums to 2028 and discusses how the market, distribution, and products offered are likely to change in the future, as well as the reasons for these changes. In 2023, the income protection market experienced significant growth, with both contracts and premiums increasing. The product experienced high demand amid challenging economic conditions, particularly the cost-of-living crisis. The advised channel is favored for the purchase of income protection products, with intermediary firms dominating the market. Consumers actively seek advice to better understand their insurance needs and f
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