Protection Analysis

Protection volumes remain steady only declining by £2 million APE, primarily driven by one large Intermediary distributor exiting the market in Q4.

At Panacea, Protection content readership increased in Q4 19 suggesting an increase in Q1 20 volumes.

Panacea community - Protection sales by quarter  

Product Q1 19 Q2 19 Q3 19 Q4 19 Grand total
Crit. Illness £3,816,056.00 £3,873,084.00 £3,670,745.00 £3,818,479.00 £15,178,364.00
Decreasing Term with CI £2,994,322.00 £3,427,179.00 £3,590,033.00 £3,789,985.00 £13,801,519.00
Income Prot. £3,171,785.00 £3,111,018.00 £3,326,727.00 £3,472,259.00 £13,081,790.00
Mortgage Term £6,144,479.00 £6,089,977.00 £5,890,828.00 £5,681,944.00 £23,807,228.00
Relevant Life £2,005,836.00 £2,420,377.00 £2,107,612.00 £2,183,661.00 £8,717,485.00
Term £16,332,711.00 £16,036,495.00 £15,347,986.00 £15,014,397.00 £62,731,590.00
Term with Critical Illness £5,728,529.00 £5,790,181.00 £5,342,314.00 £5,371,674.00 £22,232,697.00
Whole of Life £4,048,864.00 £3,288,603.00 £3,956,263.00 £3,064,055.00 £14,357,785.00
Grand total £44,242,583.00 £44,036,913.00 £43,232,508.00 £42,396,453.00 £173,908,457.00

 

Total Protection sales - last 4 quarters

Product Non User Sales Panacea Community Sales Total Market Share %
Crit. Illness £34,538,933.00 £15,178,364.00 £49,717,297.00 30.5
Decreasing Term with CI £37,189,838.00 £13,801,519.00 £50,991,357.00 27.1
Income Prot. £35,574,958.00 £13,081,790.00 £48,656,747.00 26.9
Mortgage Term £75,978,036.00 £23,807,228.00 £99,785,263.00 23.9
Relevant Life £11,808,922.00 £8,717,485.00 £20,526,408.00 42.5
Term £164,306,884.00 £62,731,590.00 £227,038,473.00 27.6
Term with Critical Illness £59,901,221.00 £22,232,697.00 £82,133,918.00 27.1
Whole of Life £20,995,330.00 £14,357,785.00 £35,353,115.00 40.6

 

Please contact sarahpaul@panaceaadviser.com if you are interested in speaking to us further.

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