{"id":71574,"date":"2024-05-27T14:37:20","date_gmt":"2024-05-27T04:37:20","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=71574"},"modified":"2024-10-29T15:30:17","modified_gmt":"2024-10-29T05:30:17","slug":"new-ip-business-poll-result","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/05\/27\/new-ip-business-poll-result\/","title":{"rendered":"New IP Business &#8211; Poll Result"},"content":{"rendered":"<div id=\"polls-324\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Is your advice practice writing more IP new business in 2024?<\/strong><\/div><div id=\"polls-324-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes - slightly more <small>(28%)<\/small><div class=\"pollbar\" style=\"width: 28%\" title=\"Yes - slightly more (28% | 19 Votes)\"><\/div><\/li>\n\t\t<li>About the same <small>(24%)<\/small><div class=\"pollbar\" style=\"width: 24%\" title=\"About the same (24% | 16 Votes)\"><\/div><\/li>\n\t\t<li>No - significantly less <small>(19%)<\/small><div class=\"pollbar\" style=\"width: 19%\" title=\"No - significantly less (19% | 13 Votes)\"><\/div><\/li>\n\t\t<li>No - slightly less <small>(13%)<\/small><div class=\"pollbar\" style=\"width: 13%\" title=\"No - slightly less (13% | 9 Votes)\"><\/div><\/li>\n\t\t<li>Yes - significantly more <small>(12%)<\/small><div class=\"pollbar\" style=\"width: 12%\" title=\"Yes - significantly more (12% | 8 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 3 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_324_nonce\" name=\"wp-polls-nonce\" value=\"8c1a347205\" \/>\n<\/div>\n\n<p>Nearly half of the adviser community has indicated their practice is writing either &#8216;slightly more&#8217; or &#8216;significantly more&#8217; IP new business in 2024.<\/p>\n<p>As we go to press a total of 42% of respondents to our latest poll say yes, they are writing &#8216;slightly more&#8217; new IP business (28%) with 14% writing &#8216;significantly more&#8217; new business.<\/p>\n<p>Another 34% of respondents say their new IP business has remained about the same.<\/p>\n<p>24% say they are writing less IP new business this year, with 10% writing significantly less and 14% slightly less.<\/p>\n<p>Our latest poll is based around indications IP new business sales are on the rise with <a href=\"http:\/\/www.dexxr.com.au\/\" target=\"_blank\" rel=\"noopener\">DEXX&amp;R\u2019s<\/a> latest quarterly data revealing there was a 7.3% jump in individual income protection new business in the year to December 2023, although age-based and CPI increases to in-force policies are included in this number (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/05\/21\/lift-in-disability-income-sales-continues\/\" target=\"_blank\" rel=\"noopener\">Lift in Disability Income Sales<\/a>).<\/p>\n<blockquote><p>&#8230;around 60% of this increase comprised \u2018actual\u2019 new business&#8230;<\/p><\/blockquote>\n<p>DEXX&amp;R estimates around 60% of this increase across 2023 comprised \u2018actual\u2019 new business, rather than endorsements to existing contracts.<\/p>\n<p>As we noted earlier in canvassing advisers on these green shoots, advice practices\u2019 IP numbers might be up for different reasons, such as more advisers operating in your business or a change in client focus or an increased focus from existing advisers in your practice.<\/p>\n<p>For those whose IP numbers are down, this might also reflect changes in adviser capacity or client focus.<\/p>\n<p>Our poll is open for another week and we are keen to hear your views\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly half of the adviser community has indicated their practice is writing either &#8216;slightly more&#8217; or &#8216;significantly more&#8217; IP new business in 2024. As we go to press a total of 42% of respondents to our latest poll say yes, they are writing &#8216;slightly more&#8217; new IP business (28%) with 14% writing &#8216;significantly more&#8217; new [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":71579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-71574","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-polls"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/71574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=71574"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/71574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/71579"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=71574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=71574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=71574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}