Legal and General Group Protection (L&G) has reported a “record-breaking” performance on its quote, buy and renew platform, ONIX, for 2024.
The provider recorded a 92% growth in application volumes for 2024, compared to 2023, while renewals increased by 99% and overall quote volumes increased by 55%. L&G's new business for group income protection (GIP) increased by 85% on ONIX and there was a 30% increase in group life assurance benefit new business annual premium equivalent (APE). Additionally, a 30% increase in intermediary usage was recorded on the platform, as was a 40% yearly rise in quote opportunities. L&G said that the success can be largely attributed to enhancements made to ONIX over one year ago, including d...
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