Legal & General Winner of Protection Provider of the Decade at Lifesearch
Awards Held in London on 7th March 2013
LONDON, April 9, 2013
LONDON, April 9, 2013 /PRNewswire/ --
John Pollock, CEO for Legal & General ' s Risk business commenting on this
great achievement said: "We are absolutely delighted and very proud to be the
winner of this award, Lifesearch Protection Provider of the Decade . The award
is recognition that we have been doing 'the right thing' for customers, over a
long period and it has now paid off!
What makes Legal & General and in particular our Protection business really
stand out is the way that we deliver on our promises to our customers. We've
worked hard over the past 10 years to deliver quality products and services to
ensure all our customers receive and continue to receive the best possible
cover we can offer them.
We are a market leader across individual and group protection. We are the
biggest player in the intermediated mortgage market in the UK with a market
share of 25%. Our aim is to build on this success with the future development
of our online protection systems and where appropriate, roll out innovative
protection products and service that supports the evolving needs of our
Legal & General's Retail Protection business has paid more claims in 2012 than
ever before. A total of £483 million combined death and critical illness
claims in 2012, up from £441 million in 2011 and over £12.billion paid out
Duncan Finch, Managing Director for Legal & General ' s Retail Protection
business said: "Our priority is to help people when they are at their most
vulnerable and to pay as many claims as we can, as soon as we can. Customers
who are having to cope with a critical illness want the peace of mind that
their claim is paid so they can concentrate on what is the priority, their
health and hopefully possible recovery.
We believe that the expertise and experience we have in this market means
customers and advisers know that they can trust us and that we will be there
every step of the way, to efficiently manage the protection cover business
they arrange with us."
Link to Lifesearch for more details on the awards
http://www.lifesearch.co.uk/Default.aspx and Legal & General's individual
protection business: http://www.legalandgeneral.com/life-cover/
Notes to editors:
Retail Protection delivered sales 15% higher than in 2011 at £151m (2011:
£131m). Automated underwriting provides flexible capacity and enabled 78% of
cases to get a decision at the point of sale.
Group Protection sales grew substantially by 52% to £70m (2011: £46m) as Legal
& General utilised the opportunities presented by auto enrolment and the
continuing trend of businesses and the public sector to insure their employee
Link to Results release:
Legal & General also recently celebrated 10 years of award winning excellence
in the development and delivery of underwriting expertise, in conjunction with
Cardiff University. Over the last ten years we have worked together to ensure
we deliver relevant and quality learning that meets the business needs and
which ultimately allows us to make quicker and more informed underwriting
decisions for the benefits of our customers.
Contact: Media Contact: Berni Ryan, PR Manager, Legal & General,
+44-(0)1737-375369/ +44-(0)7788-926790, email@example.com
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