Holloway Friendly: 82% growth in new business last year

Holloway Friendly witnessed an increase of 82% in new business and 40% growth in net membership during 2019, its yearly figures show. The mutual's annual report shows that it increased its membership to more than 25,000 last year and its new business - based on annual premium income - grew by more than £3.4m. On top of this, this year's Term and Health Watch (Swiss Re) showed that Holloway Friendly moved two places to reach sixth place in the income protection market, with a market share of 5.5%. In 2019 the mutual paid out 94% of claims, totalling £2.4m, a 60% increase in benefit....