Royal London intermediary protection sales increase by 22%

clock • 1 min read

Royal London has reported that its intermediary protection business has increased by 22% to £440m (30 September 2015: £362m.)

The results are from Royal London's new business results for the year to 30 September 2016.  The results come as the insurer's new life and pensions business reached £6,298m, up by 30% (30 September 2015: £4,861m). During 2016 Royal London made changes to its underwriting developments, Helping Hand Business and its critical illness cover. The insurer also launched a flexible Whole of Life plan in the Republic of Ireland. Phil Loney, group chief executive of Royal London, said:"The third quarter saw record sales for our Intermediary Protection business and the response from the m...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Critical Illness

UK protection market declined in 2024: Gen Re

UK protection market declined in 2024: Gen Re

1% decrease in total market premium

Cameron Roberts
clock 26 March 2025 • 1 min read
The rise of declines

The rise of declines

What the industry can learn from case studies

Alan Lakey
clock 24 January 2025 • 3 min read
Aviva boosts critical illness offering

Aviva boosts critical illness offering

Includes elements of AIG’s proposition

Jaskeet Briah
clock 18 November 2024 • 3 min read