Insurer works on cutting underwriting cost

clock

Foresters Life is working on cutting costs in its outsourced underwriting process.

The insurer replaced its oursourced underwriting provider 3D Risk Solutions with MorganAsh earlier in October .

According to Andrew Gething, managing director of MorganAsh, the partnership was going well and the insurer had seen greater volumes of business since it entered the IFA market two years ago.

And today the insurer announced it had reached 1m member customers.

George Mohacsi, president and chief executive at Foresters, said: "It's very rewarding. We're looking forward to increased growth."

In 2011, the Communication Workers Friendly Society merged into Forester Life, the UK operations of Foresters.

Author spotlight

Nicola Culley

More on Insurer

Insurers paid out £8bn in protection claims in 2024

Insurers paid out £8bn in protection claims in 2024

ABI and GRiD data

Jaskeet Briah
clock 14 July 2025 • 2 min read
BHSF joins amii

BHSF joins amii

New corporate member

Cameron Roberts
clock 11 July 2025 • 1 min read
Life insurance premium growth to drop to 1% in 2025

Life insurance premium growth to drop to 1% in 2025

Swiss Re research

Cameron Roberts
clock 09 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