Bright Grey and Scot Prov see 21pc increase in new business

Ross Ainslie, managing director of Bright Grey and Scottish Provident, said: “Anyone looking at the protection market will notice that the economic slowdown and the issues in the mortgage market have altered the landscape significantly over a relatively short period of time.

“Throughout this period our business has been constantly evolving to ensure we deliver two strong brands that advisers want to do business with. The strategic initiatives we’ve undertaken, including enhancements to products across both Bright Grey and Scottish Provident, the bedding in of a single sales force and a high profile “Summer of Marketing” have come together to boost the number of applications we received and deliver a significant increase in new business.

“We’re very pleased to see such positive figures as a result of changes within the business. The key to future growth and staying ahead in such a competitive market lies with the continuous development of our market leading products and the promotion of protection insurance with consumers.”