Scottish Friendly and the Unisure Group have announced a new partnership agreement.
The agreement confirms Scottish Friendly as the mutual insurer for Unisure’s UK Group Life division, in conjunction with the Group’s existing reinsurer, Allianz.
The Unisure Group, which is headquartered in London, provides international health and life insurance solutions to individuals and organisations. Scottish Friendly is one of the largest life offices in the UK and one that has been in existence for over 160 years.
Alexander Manas, commercial director, Scottish Friendly, said: “Our values are very much aligned, and we’re firmly focused on helping to support as many individuals and their families as possible. This partnership will help to further promote the importance of having adequate protection in place to insure against the unexpected happening.”
Dr Graham Woolford, chairman, The Unisure Group, added: “Scottish Friendly’s business ethos aligns very well with ours, and they’ve grown significantly over the last few years. The fact that we boast a strong UK front, as well as a partnership with a company that is renowned for their rigorous due diligence, bodes well for increased broker confidence in our fast-growing brand.”
A recent Scottish Friendly study of 1,000 respondents aged 50+ found that 22% of customers were considering cancelling their monthly payments because of the cost-of-living crisis, highlighting the financial challenges that many UK households continue to face. Employers are becoming increasingly aware of how financial stress amongst employees can negatively affect productivity, engagement and overall morale, making benefits like Group Life policies increasingly crucial as part of an employee wellbeing programme.
