British Friendly announces strong trading in its first six months

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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 ...

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