DIRECT PURCHASE INSURANCE

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DPI are simple life insurance products that you can buy
directly from the customer service centres or websites
(if available) of life insurance companies.

Spotlight

Lockton Affinity

Lockton Affinity is a subsidiary of Lockton Companies, one of the most respected and experienced insurance brokerage firms in the country. Since 1987, Lockton Affinity has been custom tailoring, implementing and managing insurance solutions for affinity groups, non-profits, associations and franchises. We serve a wide array of industries ranging from small businesses, financial institutions, transportation, franchise businesses, fraternal organizations and common-cause groups.

OTHER ARTICLES

2020: Winning in the Digital Revolution of Insurance

Article | February 19, 2020

Technology, consumer demand, new competition, and changing market dynamics are revolutionizing the insurance industry. The increased pace of innovation and change has challenged traditional insurance practices and created a new age of insurance defined by greater connectivity and automation. Technology and innovation are creating unprecedented opportunity to generate greater operational efficiencies and more value for your business.

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7 Business Models of the Future for Insurers

Article | February 19, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

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Best Business Insurance for 2020

Article | February 19, 2020

Hopefully, you’ll never have to use your business insurance. But just like car insurance or health insurance, protecting your business from unexpected situations is crucial. However, 44% of small business owners don’t have insurance. This statistic is shocking. If you’re uninsured or underinsured, your company could potentially go bankrupt if something goes wrong, and you’re forced to pay out of pocket.

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How technology will transform life insurance

Article | February 19, 2020

Do you know what the UK insurance industry is going through? A disruption that calls for complete metamorphosis. Not so different from what the whole world is going through at the moment. Crafting one-size-fits-all products and expecting them to sell like hotcakes is a huge misconception. Customers want products to be as personalised as possible. Pay per mile insurance or lower car insurance premiums for safe drivers are some examples. In the current global crisis, personalised life insurance would look like factoring in the unique health/ living conditions of the person and then providing insurance options.

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Spotlight

Lockton Affinity

Lockton Affinity is a subsidiary of Lockton Companies, one of the most respected and experienced insurance brokerage firms in the country. Since 1987, Lockton Affinity has been custom tailoring, implementing and managing insurance solutions for affinity groups, non-profits, associations and franchises. We serve a wide array of industries ranging from small businesses, financial institutions, transportation, franchise businesses, fraternal organizations and common-cause groups.

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