Start up income protection provider, British Friendly, has announced its new business figures for its first six months of trading.
Since launching BFS Protect in April this year, the company has: • received over 1,000 BFS Protect applications from intermediaries • written more than 600 policies with annual premium earnings in excess of £300,000 • registered more than 650 advisers so far • offered terms for 92% of applications • gone from a standing start in April to regularly receiving 300 applications each month • maintained its existing paid claims ratio of 98% across all IP products Mark Myers, CEO for British Friendly, said: "We're delighted with our success over the first six months and expect APE ...
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