Pruprotect looks set to reveal a substantial gain in its new business for last year but its stable mate Pruhealth appears to have suffered a tougher 12 months.
Both insurers are a recent joint venture into the UK protection and health insurance markets by British based Prudential, and South African provider Discovery. And it was the South African company who released the data for July to December last year alongside an interim report for its home market. Pruprotect, which was formed in late 2007, saw its new business for the six months increase 245% while five year old Pruhealth's fell 39%. The protection company's operation grew from R29m (approx £2.47m) to R100m (£8.52m), while the health side fell to R165m (£14.07m) from R271m (£23.11m...
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