OUR STRENGTHS
- Risk pricing and underwriting expertise.
- Accurate statistical modelling enabled by extensive in-house database.
- Particular expertise in medical underwriting and mortality/morbidity.
- Technological investment facilitates interactive underwriting and rapid data loading.
- Economies of scale and administrative excellence.
- Leading rapid intervention-based Group protection product enables corporate clients to secure faster returns to work for sick employees.
- Synergies with [LGIM] facilitate pricing and execution of pension buyout and bulk annuity business.
- Wide ranging distribution through independent financial advisers (IFAs), sole-tie business partners and bank and building society partnerships.
- Housing network drives protection and GI sales by providing access to customers at point of sale.
OUR PRODUCTS
Individual protection
Covers individuals or families against financial losses arising from defined events such as death, disability or critical illness.
Group protection
Products which are designed for employers to offer as a benefit to their employees. They protect employers, employees and their families by assuming the risks and associated costs of an employee falling ill or dying while in employment.
Annuities
Bought by people converting a lump sum (often money saved in a pension scheme) into a lifelong income.
Bulk purchase annuities (BPAs) or Pension buyouts
[BPAs] are offered to companies wishing to transfer all or part of the responsibility and risk from company pension schemes to an insurance company for a negotiated price.
General insurance (GI)
Focusing on the household sector, we insure the fabric of properties and their contents.
Housing network
Our network of mortgage advisers provides a link with mortgage lenders, sourcing mortgages for clients and facilitating sales of Protection and GI products.
Our risk businesses maintain a market leading position in key segments, with high quality customer service, superior technology and economies of scale. We have maintained our market leading position despite a subdued housing market.
We continue to diversify our product offering and increase our distribution partnerships whilst focusing on products that contribute cash to the business throughout 2009.
We distribute our risk products through four channels: independent financial advisers and consultants; bank and building society partnerships; through our housing network; and via direct distribution.
