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With the implementation of the Retail Distribution Review (RDR) edging ever closer, advisers are facing the prospect of moving their business to a fee based model.
Insurance has become a necessary purchase in modern society. And while we tend to insure regular items there is a question as to whether there is space in the market for the public to take out insurance for items/events that are perhaps unconventional.
While we sit and wait for the Financial Services Board to implement its extensive regulatory reform programme, we have seen very little news from insurers on how the new regulatory landscape will affect them and the industry as a whole.
Are we entering an era where life insurance will take centre stage? After attending the launch of the KPMG Insurance Survey, it was pointed out that the life industry is thriving, and that there is a steady inflow into what is a key industry sector.