News & Blog

The finalists for the Modern Claims Awards 2016 have been revealed and we are thrilled to announce that Absence Protection have been shortlisted in the category of Broker of the Year.  

Following George Osbourne’s summer budget announcement in July 2015, we published an article outlining the imminent changes to Insurance Premium Tax (IPT) and what it would mean to insurance consumers across the UK. From 1st November 2015, IPT rose to 9.5%, a 3.5% increase from its original rate of 6%.  Since then, millions of people have been forced to pay an increased premium for their insurance cover as providers look to compensate for the increased tax rate.  

For many professionals across the UK, making an appointment with their GP has become nigh impossible. Many patients are only being allowed to make appointments on the day they call the surgery. Others are being forced to wait up to three weeks to see their doctor. As a consequence, more than one million patients each year are seeking care at an A&E unit because they are unable to get a GP appointment, NHS research has found.

Within all lines of insurance, a provider’s services become redundant without the support of a financially stable and committed underwriter. It is not uncommon for insurance companies (particularly operating within the education sector) to be unexpectedly left without the backing of an underwriter. This may hinder the provider’s ability to continue insuring its customers and successfully pay their claims.  

In schools today, the focus is not only on helping students pass exams but also on improving their character by making them more resilient. Resilience in learning, as in life, is about being able to persevere through setbacks, take on challenges and risk making mistakes to reach goals.