Wearable technologies won’t wash!

February 01, 2018 Tom Murray

protection life protection smart watches wearable technology smart rings

Wearable technologies won't wash! This article was originally commissioned for the January 2018 edition of the Actuarial Post.   The key to developing good protection products is to have a strong underlying base of data from which to deduce what the correct rates should be. This allows the life assurers to provide the maximum protection for the consumer without bankrupting themselves. Traditionally, this comes from large data sets assembled by experts giving broad categories into which the consumer was placed. The resulting calculations enabled accurate estimates to be made, assuming the sales to each broad category were sufficiently strong. The advent of new technology, in the form of wearable technology such as watches and wristbands that measure exercise and vital signs, was supposed to bring about a new era of personal life assurance.
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October 27, 2016 Tom Murray

protection policy Income Protection Autoenrolment

This article was originally commissioned and published in the  October 2016 edition of the Investment Life & Pensions Moneyfacts publication.  Tom Murray suggests that the Government should move away from using investments as a policy tool and compel people to protect themselves financially instead.   INVESTMENT LIFE & PENSIONS MONEYFACTS: CUSHIONING THE BLOW Succeeding Governments have concerned themselves with the financial insecurity of those on the bottom rungs of society. The plight of those whose earnings don’t allow them to amass a significant financial cushion to cope with unexpected events has struck a chord with ministers from all parties, who have tried to come up with solutions that will support people at times of great financial stress. The motive is admirable. Let’s help the ordinary worker build a stockpile of savings to be able to cope with life’s ups and downs. However, the focus always seems to be on pushing savings for a rainy day, which ignores the basic problem that for the majority of basic rate taxpayers, it takes far too long to amass sufficient savings to provide any level of security.
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Income protection – the forgotten product

September 16, 2015 Tom Murray

welfare protection UK pet insurance illness

Actuarial Post: Income protection – the forgotten product This article was originally commissioned for the August/September 2015 edition of the Actuarial Post.
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Everybody lies! - Technological transformation in the protection world

March 11, 2015 Tom Murray

protection Pensions UK wearable technology big data

This article was originally commissioned and published in the February 2015 edition of the Investment Life & Pensions Moneyfacts publication.
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Actuarial Post: Whose data is it anyway?

February 24, 2015 Tom Murray

protection data security Pensions UK big data

This article was originally commissioned for the Nov/Dec 2014 edition of the Actuarial Post.
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Income Protection… always the bridesmaid

November 05, 2014 Tom Murray

protection life protection Pensions UK growth fund

Every few years, there’s a flurry of interest in the financial media in income protection. There are strong recommendations from experts on how it can play a big part in providing financial security for families, what good value it is and how high the claims payment rates are. Then it quickly fades away again and Income Protection gets put back on the shelf.
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When TLC isn’t enough, LTC comes into it’s own

October 28, 2014 Tom Murray

protection x factor Pensions UK LTC

Over the last decade, the autumn television season has been dominated by a battle between ITV’s The X-Factor and the BBC’s Strictly Come Dancing. While initially the X-Factor led the way and regularly thumped Strictly in the ratings, the gap has been narrowing and for the last couple of years it is Strictly that is the dominant offering on the television. One of the factors involved in this turn-around is the audience the two shows are pitched at, with the X-factor being aimed at a younger audience than Strictly. The improvement in Strictly’s ratings mirrors the ageing of the UK, as the rate of increase in the older segment continues unabated.
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Actuarial Post: Smart glasses will change the face of Protection

September 10, 2014 Tom Murray

protection protection policies UK smart watches wearable technology

This article was originally commissioned for the July edition of the Actuarial Post.
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Investment Life & Pensions Moneyfacts: Protection products – fast forward to the past

August 08, 2013 Tom Murray

protection money markets Pensions UK income

This article was originally commissioned and published in June 2013 for Investment Life & Pensions Moneyfacts publication. Tom Murray, Head of Product Strategy at Exaxe, argues that a return to the basics of addressing protection needs would benefit those clients on smaller incomes the most.
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Confusing the public will not help protect them

February 03, 2012 Tom Murray

protection Mortgage BBC Richard Lloyd pooled risk

Listening to a back episode of the BBC’s Money Box programme, I came across a discussion on the merits or otherwise of the over 50s plans. The presenter Paul Lewis was reviewing the products with a representative from WHICH.
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