Asteron sees good growth in employee insurance segment

The life insurer has seen more than 150% growth in its employee insurance schemes over a five-year period, with much of this through targeting brand new business.

Lloyd who recently took on the employee insurance management role, from his role in business development, says more than 80% of Asteron Life’s employee insurance schemes signed over the past year are brand new schemes - employers that previously didn’t offer cover for employees - or additions to existing schemes. This is part of the whole sector-wide growth that has been witnessed over the past couple of years.

Lloyd says the feedback received from advisers and clients on the insurers new and existing cover options is extremely positive.

“Our employee insurance team is very focused on driving brand new business benefits for employers. Our products are seen as highly competitive from a value delivery and sustainability perspective, and we’re committed to working with brokers and advisers in long term partnerships to ensure clients are aware of the value of Asteron Life’s employee insurance offerings.”