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The first basic categorisation of long-term insurance is between life and non-life business. Life insurance business is insurance that is contingent on human life. Examples would include a policy that pays out £100,000 if the policy holder dies within a specified time; a policy that pays out £100,000 in 10 years time, but will pay out £101,000 if the policy holder dies before the policy ...
Vitality uses a business model known as Shared Value Insurance. [2] Shared Value is a concept created by Professor Michael E. Porter and Mark Kramer of Harvard Business School . They describe it as “policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions ...
In 1930, the UK Government introduced a law that required every person who used a vehicle on the road to have at least third-party personal injury insurance. Today, this law is contained in the Road Traffic Act 1988 (generally referred to as the RTA 1988 as amended).
The Royal London Mutual Insurance Society Limited, along with its subsidiaries, is the largest mutual insurer and investment company in the United Kingdom, and in the top 30 mutuals globally, with Group funds under management of £169 billion, as of March 2024. [4]
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England.Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament.
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SunLife Ltd is a UK-based financial services company. Founded in 1810, the company is best known for its range of services for people aged 50 and over. SunLife currently offers over 50s life insurance and equity release in the United Kingdom. In 1900, they became the first company to offer life insurance without a medical.
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