View more on these topics

NU doubles size of large case admin team

Norwich Union has doubled the size of its large case administration team.

The department, which is designed to provide accessible, expert support to advisers writing larger sums assured, now has 14 staff and handles around 200 cases a week, which equates to a total of £5 billion worth of business underwritten annually.

NU head of protection customer experience Sue Hendry says larger sums tend to be more complicated because they present greater risk.

She says: “It is important that these cases receive specialist treatment to ensure applications are turned around quickly and smoothly. By lowering the minimum sum assured to receive this service we are delighted to see that more and more people are benefiting from the facility and the support it provides.”

The division was originally established to provide support for those assuring sums of £1m or more. This amount was lowered to sums above £500,000 in August 2006.

Recommended

Industry slams proposal to scrap IHT

Conservative proposals to scrap inheritance tax on primary residences have been branded an unrealistic vote-grabbing exercise that would drive up tax elsewhere.Aegon technical manager Margaret Jago says IHT raises £3.7bn a year which the Government would have to replace by increasing other taxes or cutting back on expenditure.She says the proposal plays to hatred of […]

India budget and the liquidity supercycle

Kunal Desai, manager of the Neptune India Fund, comments on how India’s 2017 budget will impact the Indian economy and equity market. Read article here: Important Information – for Investment Professionals only. Not for Retail Clients.Investment risksThe Neptune India Fund may have a high volatility rating and past performance is not a guide to future […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment