Aegon UK reported 20% growth across its protection business in 2014, and expects 2015 to be “equally as exciting”
Aegon provided protection policies to 36,000 families, individuals and businesses in 2014, with 1000 business proposals for its Whole of Life policy in its first ten weeks.
The insurer plans to digitise and streamline its protection service in 2015, alongside its exiting telephone consultants and underwriters.
Dougy Grant, protection director at Aegon UK, said:”This programme is designed to support and excite the adviser community that Aegon sees as vital to its continuing growth strategy for protection.
“We’ve looked across our global business to see what knowledge, skills and experience we can leverage here in the UK and this will undoubtedly influence many of our UK strategies moving forward.”
Grant added: “Last year we took great strides to achieving our mission of protecting more families and businesses in the UK. In total Aegon protected 36,000 new families, individuals and businesses in 2014.
“We hope to double this in the next three years. 2015 will be pivotal in terms of financial engagement levels.
“As people start to get more involved with their financial planning as a result of auto-enrolment and the introduction of the pension changes in April, we might start to see a knock on effect in the protection market and a renewed interest from people wanting to protect their retirement pots for example.”