Friday 18 March 2011

Ellipse raises money for Comic Relief




Ellipse had its very own Comic Relief day yesterday (a day early, but we pride ourselves on being ahead of the pack). Everyone came to work in their jeans (and tops!) and the best bakers of the bunch made cakes, slices of which were on sale. Rather creatively for an insurance company you could also purchase fairy cakes which you then had to decorate yourself. Needless to say none of them looked that good in the end.....

Our CEO John Ritchie challenged the sportsmen of the company to wear a rival teams shirt. The cost of refusal was to match the value of the money raised to get them in the shirt! (You try getting a Scotsman into an England shirt and see how much he is willing to pay not to do it!)

In total £241.31 was raised for Comic Relief.

Hello, good evening and welcome...to the possibility of compulsory income protection

First time I've seen anyone outside the industry suggesting incentives should be given for employers who provide IP.  If it's followed through it puts a big responsibility on providers to get the delivery of IP right.

Tuesday 1 March 2011

Armageddon the feeling we've been here before...

So, as widely anticipated, the ECJ have ruled that insurance premium rates must be the same for men and women.  It's the end of insurance as we know it. 

Well boo-hoo.  It might be a daft decision, but I suspect anyone old enough to remember the removal of LAPR and MIRAS will feel disinclined to waste their energy in wailing or teeth-gnashing.  There have always been 'bombshells' and the industry has always - and will again - evolve and adapt.