yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Today's Top SOA Links

Drewberry Insurance: Workers Estimate Life Insurers Only Payout 50% Of Claims

LONDON, February 13, 2013 /PRNewswire/ --

In their recent Health & Protection Survey, Drewberry Insurance finds that workers mistakenly believe that the UK's leading life insurers only payout around 50% of all claims made, which significantly underestimates the true payout rate of approximately 98% of claims.

Life insurance is an extremely important aspect of family financial planning but it is often argued by industry experts that the take-up rate is well below an optimal level, leading to a significant personal protection gap in the UK.

One explanation frequently proposed for this low take-up rate is that consumers are sceptical on insurers' willingness to pay valid claims.

A sample of 2,000 workers were asked to estimate what they thought the payout rate was for the UK's leading life insurers. The sample estimated the payout rate to be only 50% of all claims made, which would support the argument that consumers are distrustful of life insurers.

Life Insurance Payout Rate 96% Higher Than Workers Expected

In a sample of leading life insurers the actual payout rate in 2011 was closer to 98% of all claims made.[1] This means that the actual payout rate for life insurance is about 96% higher than what consumers think it is.

Tom Conner, Head of Protection at Drewberry Insurance, says, "It is often the case that clients are worried that insurers have a bad reputation for paying claims but these findings are far more concerning than I expected.

"A considerable amount of work needs to be done to inform and reassure the general public that life insurance has an excellent payout rate  with all valid claims being paid, which should help to build confidence not only in life insurance as a product but also in the insurance industry as a whole."

Mortality Risk 7x Higher Than Workers Expected

In assessing the reason for a below optimal take-up rate of life insurance, it could be fairly safe to assume that a low expected payout rate would have a negative impact on consumers desire to purchase this insurance.

However, the survey also found that workers significantly underestimated the chances of passing away during their working life. The sample estimated the chances of an 18 year old dying before age 65 to be around 1 in 70, whereas the actual risk is closer to 1 in 9.[2]

Thus, correcting consumers' underestimation of both the payout rate and the chances of passing away are clear frontrunners for helping to close the life insurance gap.


  1. The 98% payout rate was calculated from the life insurance payout rates of the following insurers in 2011:
    1. Legal & General (98%)
    2. Aviva (99%)
    3. Liverpool Victoria (100%)
    4. Scottish Provident (98%)
    5. Bright Grey (97%)
  2. Office for National Statistics (ONS) Interim Life Tables, 2008-2011. Drewberry Analysis. A life expectancy calculator using this data can be found at the following link:
  3. Full results of the survey can be found at the following link:

About Drewberry Insurance

Drewberry Insurance is a trading name of Drewberry Ltd, which operates as a nationwide independent insurance broker in the health and protection insurance markets. Drewberry Insurance offer insurance broking services for a range of individual and group policies, through the following specialised websites: - Informational resource for implementing business health and protection schemes as part of an employee benefits offering. - Informational resource for arranging mortgage protection insurance, such as mortgage life insurance and mortgage payment protection. - Informational resource for arranging both personal and family private medical insurance (PMI) policies. - Informational resource for arranging income protection insurance and payment protection insurance.

Drewberry Ltd is an appointed representative of Chase Templeton Ltd which is authorised and regulated by the Financial Services Authority, register number 311612. Registered address: Vantage House, 1 Weir Road, London, SW19 8UX.

For further information please contact:
Andrew Jenkinson
Drewberry Insurance
Vantage House
1 Weir Road
SW19 8UX

SOURCE Drewberry Insurance

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Unicorn is a term in the investment industry, and in particular the venture capital industry, which denotes a start-up company whose valuation has exceeded (the somewhat arbitrary) $1 billion. The term has been popularized by Aileen Lee of Cowboy Ventures. Fortune magazine counted over...
Today, organizations have so much data at their disposal. This data includes company, customer, product, employee, and more… much more. The problem is that without the proper tools, mid-market companies often struggle with turning this information into meaningful and actionable insight...
Intuit uses deep-data analytics to gain a 360-degree view of its TurboTax application's users’ behavior and preferences for rapid applications improvements. The next BriefingsDirect big-data innovation case study highlights how Intuit uses deep-data analytics to gain a 360-degree view...
The annual holiday shopping season, which started on Thanksgiving weekend and runs through the end of December, is undoubtedly the most crucial time of the year for many eCommerce websites, with sales from this period having a dramatic effect on the year-end bottom line. Web performan...
Here’s the thing: as sure as we’ll have another record-setting year for NFL streaming, you can also be sure that apps will fail and streaming services will go down. Whether you are dabbling in streaming or diving in whole-hog, you need to know what to do to give your users the most rel...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers