"Our values are very much aligned, and we’re firmly focused on helping to support as many individuals and their families as possible."
- Alexander Manas, Scottish Friendly commercial director
The Unisure Group provides international health and life insurance solutions to individuals and organisations. This agreement confirms Scottish Friendly as the mutual insurer for Unisure’s UK group life division, in conjunction with the Group’s existing reinsurer, Allianz.
A recent Scottish Friendly study of 1,000 respondents aged 50+ found that more than one in five (22%) customers were considering cancelling their monthly payments because of the cost-of-living crisis. It says that 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".
Alexander Manas, Scottish Friendly commercial director, has 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, The Unisure Group chairman, said:
“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.”
Lewis Twist, UK group life underwriter at The Unisure Group, added:
“We’re passionate about employee benefits and we’re proud to be offering employers and corporates across the UK world-class service and products.”
