Fortis Life sets sights on national and network IFAs

Scott Sinclair
clock

Fortis Life is set to target national and network IFA propositions as it seeks to build on its UK market share.

The insurer says it has already established itself with a number of protection specialist brokers, such as LifeSearch, but will now press ahead with wider distribution roll-out plans. It today reports new annual premiums totaling £6.4m for the 12 months to 30 June - its first year of trading - and says it now provides cover to 38,500 customers and boasts an IFA market share, according to ABI figures, of 3.4%. Meanwhile, parent company Fortis UK, previously part of Fortis Group's European division, will now be treated as a separate operating entity. Fortis Group says the move reflec...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Record protection payouts must spur advisers on

Record protection payouts must spur advisers on

These aren't products that sell themselves

Ahmed Bawa
clock 01 November 2024 • 5 min read
Could a broader advice definition boost protection's reach?

Could a broader advice definition boost protection's reach?

'No one wakes up in the morning thinking about buying life insurance'

Paul Yates
clock 22 October 2024 • 4 min read
Are we talking enough about protection and succession planning?

Are we talking enough about protection and succession planning?

Why are more IHT liabilities for gifts not being protected?

Naomi Greatorex
clock 30 September 2024 • 4 min read