Scottish Friendly announce partnership with The Unisure Group
Scottish Friendly and The Unisure Group announced a new partnership agreement on 1 April 2023.
The agreement confirms Scottish Friendly as the mutual insurer for Unisure’s UK Group Life division, in conjunction with the Group’s existing reinsurer, Allianz.
The Unisure Group, which is headquartered in London, provides international health and life insurance solutions to individuals and organisations, boasts a vastly experienced underwriting business unit. Its union with Scottish Friendly, one of the largest life offices in the UK, and one that has been in existence for over 160 years, marks a powerful partnership.
Alexander Manas, Commercial Director, Scottish Friendly, says that the company is delighted to be working with The Unisure Group:
“Our values are very much aligned, and we’re firmly focused on helping to support as many individuals and their families as possible. This partnership will help to further promote the importance of having adequate protection in place to insure against the unexpected happening.”
Dr Graham Woolford, Chairman, The Unisure Group, says that the company’s UK Group Life division is looking forward to doing great business as a result of this new partnership:
“Scottish Friendly’s business ethos aligns very well with ours, and they’ve grown significantly over the last few years. The fact that we boast a strong UK front, as well as a partnership with a company that is renowned for their rigorous due diligence, bodes well for increased broker confidence in our fast-growing brand.”
"The partnership between Scottish Friendly and The Unisure Group couldn’t have come at a better time. A recent Scottish Friendly study of 1,000 respondents aged 50+ found that more than one in five (22%) customers were considering cancelling their monthly payments because of the cost-of-living crisis, highlighting the financial challenges that many UK households continue to face. Employers are becoming increasingly aware of how financial stress amongst employees can negatively affect productivity, engagement and overall morale, making benefits like Group Life policies increasingly crucial as part of an employee wellbeing programme."
Lewis Twist, UK Group Life Underwriter, The Unisure Group, concluded:
“We’re passionate about employee benefits and we’re proud to be offering employers and corporates across the UK world-class service and products.”
Contacts:
Kevin Brown, PR & Communication, Scottish Friendly
07512194336
Editors notes:
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About Scottish Friendly
Scottish Friendly is a leading UK mutual life and investments organisation. It provides investors and their families with a wide range of investment and protection solutions and provides life and investment products and services to other financial organisations.
Scottish Friendly has roots stretching back to 1862. Established as the City of Glasgow Friendly Society, its name changed in October 1992 when it took over Scottish Friendly Assurance.
In recent years Scottish Friendly has significantly restructured its business. The Group has flourished through a three-part growth strategy of organic growth, mergers and acquisitions, and business process outsourcing.
Scottish Friendly, Galbraith House, 16 Blythswood Square, Glasgow, G2 4HJ
Scottish Friendly Assurance Society Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority.
About The Unisure Group
The Unisure Group provides health and life insurance solutions to individuals and companies across the world. In order to service our vast portfolio, we have offices in the UK, Africa, North America and Asia, and an extensive global partner and service provider network.
Our experienced and dynamic underwriting business unit, headquartered in London, specialises in providing underwriting solutions for even the most complex risk requirements.
For more information on The Unisure Group and our range of products, please visit www.unisuregroup.com.