PruProtect premium income up 141% in Q1

Laura Miller
clock • 1 min read

PruProtect's annual premium income increased 141% in the first quarter of 2010 compared to the same period a year ago.

First quarter premium income jumped to £5.3m in Q1, up from £2.3m for the first quarter of 2009.

New applications received by the protection arm of the Prudential Group also rose to 12,260 for the period, compared to 4,677 in Q1 2009.

The total number of PruProtect polices in force at the end of Q1 2010 stands at 29,548, a near four-fold increase on the Q1 09 figure of 7,818.

In addition, a further 1,300 new intermediaries registered to write business with PruProtect in the first three months of the year.

The figure is a fall from the 7,818 achieved in Q1 09, though the company says this is due to a smaller pot of advisers from which to gain registrations because of the large number which signed up last year.

PruProtect's director of marketing and distribution Justin Taurog says: "We've had a fantastic start to the year and this continued strong growth during challenging economic times confirms our position as one of the genuine leaders of the UK protection industry."

 

 

More on Adviser / Broking

80% of insurance professionals oppose FCA CPD changes

80% of insurance professionals oppose FCA CPD changes

CII research

Cameron Roberts
clock 03 July 2025 • 1 min read
How shifting UK demographics are changing the protection conversation

How shifting UK demographics are changing the protection conversation

“Advisers must adopt a consultative, personalised approach”

Toni Smith
clock 02 July 2025 • 4 min read
Lee Hartley to step down as Fairstone CEO

Lee Hartley to step down as Fairstone CEO

Replacement to be named in September

Jenna Brown
clock 01 July 2025 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read