Critical Illness Cover – The Insurers

AEGON

This is how AEGON describe themselves:

AEGON Scottish Equitable, part of the AEGON Group, has been around for over 175 years.

Our main areas of business are pensions (for example personal pensions, stakeholder pensions, self-invested personal pensions, group pensions and company pension schemes), protection (for example life cover and critical illness cover) and savings (for example investment bonds).

The AEGON Group’s major markets are the USA, the Netherlands and the UK. The group is also present in Canada, China, the Czech Republic, Hungary, Poland, Slovakia, Spain and Taiwan. In the UK, AEGON owns life and pensions, asset management and advice businesses.

So our customers benefit from AEGON’s strength and global perspective, and from AEGON Scottish Equitable’s deep knowledge of the UK long-term savings, investment and protection markets.

 

AXA

This is how AXA describe themselves:

AXA UK is a part of the AXA Group. AXA Group is a worldwide leader in Financial Protection. AXA’s operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA ordinary shares are listed on the Paris Stock Exchange;

  • Assets under Management – AXA Group – €1,015bn as at 31/12/09
  • 80m clients world wide (individuals and businesses) as at 31/12/09.
  • 214 044 employees (including exclusive sales associates) worldwide as at 31/12/09.
  • AXA is present in 56 countries including major operations in Europe, America (including Canada and Mexico), Africa, the Middle-east and the Asia/Pacific area.
  • AXA is the 73rd largest company in the world, by revenue.
  • AXA is the 35th largest company in Europe by revenue.

AXA is the 3rd largest company in the ‘Insurance: Life, Health (stock) category by revenue Source: Fortune Global 500 July 2009

 

Bright Grey

This is how Bright Grey describe themselves:

Bright Grey was set up by the Royal London Group in March 2003 to provide insurance plans that suit today’s flexible lifestyles. We launched with our Personal Protection Menu and in February 2008 we introduced our Business Protection Menu, a bespoke proposition for the business market.

Our parent Royal London, is the largest mutual life and pensions company in the UK with funds of £32 billion under management. Royal London has been around sonce 1861 and has over 3.6 million customers and emplos 2,900 people (at 31 March 2009).

Financial Strength

  • Standard and Poor’s – A – Counter Credit Rating
  • Moody’s – A2
  • AKG – B+
  • Fitch – A

BUPA

 

This is how Bupa describe themselves:

Bupa is the UK market leader in health and care with a strong international presence. Established in 1947, it has around 10 million customers in over 190 countries and more than 49,000 employees. Its main interests are health insurance, care homes for older people and young disabled, health assessments, workplace health and childcare services. Bupa Travel offers a bespoke travel insurance service. Sanitas in Spain, MBF, HBA, Mutual Community in Australia and DCA Agedcare in Australia and New Zealand, IHI in Denmark and Health Dialog in the US are all part of the Bupa Group which also has centers in Hong-Kong, Thailand and Saudi Arabia. Bupa is a company limited by guarantee and does not have a share capital. As a result, it can focus on its customers, helping them to live longer, healthier lives and can reinvest all of its profits to do this – this is the dividend that Bupa provides.

Fortis 

This is how Fortis Life describe themselves:

Fortis Life launched in July 2008 to a small number of protection focused specialists. Fortis Life was built from the ground up, from scratch – no legacy systems, no slightly improved versions of outdated products. We have created faster, simpler systems that put the adviser in control. Our approach is designed to improve confidence and lower costs.

Fortis, of which Fortis Life is part, is an international insurance group, operating in the UK, Europe and Asia. The group has combined operations of some scale and in 2008 served over 20 million customers and employed in excess of 10,000 people. In the UK, Fortis has 6.7 million customers, provides General Insurance for M&S, the AA, and Post Office, and was named General Insurer of the Year 2007 at the BIA awards.

Scottish Provident

This is how Scottish Provident describe themselves:

Scottish Provident is a pioneer in the protection industry, having provided customers with market leading, award winning products since 1837. Scottish Provident has established a reputation for innovation and excellence and has a proven track record in claims paid.

The specialist expertise gained over the years means we have a unique understanding of what is needed when it comes to Personal, Mortgage or Business protection.

Our Self Assurance product range offers a flexible, tailored ‘one-stop’ solution which is easy to adapt as needs and circumstances change. Also, our Pegasus product range offers a whole of life protection plan.

Scottish Provident is a division of Royal London Group which consists of The Royal London Mutual Insurance Society Ltd and its subsidiaries.

PRU Protect

This is how PruProtect describe themselves:
PruProtect is an innovative company with considerable financial strength and a real passion for helping people lead a healthier lifestyle. We have the backing of two huge names in the protection market – Prudential and Discovery (a market leading insurer in South Africa).

Prudential’s trusted reputation and Discovery’s creative solutions and first class operations mean PruProtect can offer you innovative products with great service and support.

These two companies have a proven track record of success and innovation in the health insurance market with the award winning PruHealth.