Life insurance provider Ageas UK said the
total inflow of gross written premiums (GWP) for its life
protection business rose to £15m ($24.1m) in Q1 2012 compared to
£8.8m in Q1 2011 – a year-on-year rise of 71.2%.
Ageas UK said its business now has 211,000
customers, an increase of 56% over the same period last year.
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The provider said the continued growth
reflects the successful roll out of the company’s protection
proposition to an increasing number of IFAs and new affinity
partnerships.
Commenting on the results for Q1 2012, Barry
Smith, chief executive of Ageas UK, said: “Our strategy of working
very closely with our brokers, affinity partners and independent
financial advisers to offer quality products and service to
customers continues to pay off. The market is not without its
challenges given the current economic and regulatory environment
but our balance of underwriting and distribution across Ageas UK
means that, overall, we are in good shape to continue to deliver
profitable growth.”
Ageas UK is part of Ageas Group, which was
formerly Fortis Group.
