3XD has become one of the first insurance providers to move back into the Unemployment market, two years after the pandemic led to it being universally withdrawn. The Accident and Sickness elements of ASU cover are already back on the market – 3XD re-introduced it in August 2020 – but Unemployment is still not widely available.
Chris Baron, Head of Marketing and Distribution for 3XD, said they have seen an immediate demand for the cover since they started to offer it earlier this month.
“There is great demand within ASU for the Unemployment element, and we’ve worked hard with our underwriters to reinstate it,” he said. “We’re very early back into the market with it, one of the first, and it’s been hugely welcomed. We’ve seen a very quick and positive response with strong sales and quotes. People still have a lot of concerns about job security, and this is an important product that can help to give them peace of mind.”
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