PruProtect’s income up 15% in Q1 2011
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PruProtect has announced its annual premium income activated in Q1 2011 increased by 15% compared to Q1 2010 to reach £6.1m.
Furthermore, its total in force policies at the end of Q1 2011 was up 103% on Q1 2010’s to 59,855 and the firm received 13,401 new applications in the first three months of this year, compared to 12,260 in the same period a year ago.
A further 370 new intermediaries registered to write business with PruProtect in Q1 2011.
Justin Taurog, head of marketing and distribution at PruProtect, says: “2011 has started in the best possible way – we have increased sales, established meaningful relationships with more advisers and in addition we have launched a record seven new products to the intermediary market, which supports advisers in meeting their clients’ protection needs.”
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