LONDON, July 1, 2024
/PRNewswire/ -- Partners&, a leading independent insurance
broker, is proud to announce the remarkable success of its
partnership with YuLife, the tech-driven insurance company on a
mission to inspire life. The collaboration, which began in 2021,
has driven significant growth and unprecedented retention rates,
transforming the insurance landscape for both companies and their
customers.
YuLife's innovative approach to insurance goes beyond
traditional policies by offering group life, health, and income
protection policies that actively enhance members' physical,
mental, financial, and social wellbeing. Through its unique model,
YuLife incentivises people to build healthier habits, focusing on
risk prevention rather than merely compensating claims.
Through the partnership, Partners& has achieved a 99%
retention rate and has successfully won 39% of business from
clients who previously had no insurance coverage. These impressive
metrics highlight the true value of a win-win partnership - the
transformative impact of YuLife's innovative approach to insurance
and Partners&'s commitment to delivering exceptional value.
"We are delighted with the outstanding results of our
partnership with YuLife," said Phil
Barton, CEO of Partners&. "Our collaboration has not
only fueled our business growth but has also brought transformative
insurance solutions to our clients, promoting their holistic
wellbeing. YuLife's unique focus on inspiring healthier lifestyles
aligns perfectly with our mission to provide comprehensive,
client-centric insurance services."
Key highlights of the partnership include:
Closing the protection gap: 39% of Partners& x YuLife
customers are new to purchasing insurance.
Improving retention: Achieving over 99% retention rate,
compared to an industry average of 80-85%.
Insurance that is loved: The Net Promoter Score (NPS) of
Partners& x YuLife is 96, over 3x the industry
average.
High employee engagement: 73% of insured employees use
the YuLife app regularly, over 10 times the average usage of
standard consumer health apps.
"We are thrilled to see the tangible benefits of our partnership
with Partners&," said Sammy
Rubin, CEO and Founder of YuLife. "Together, we are
reshaping the insurance industry, providing clients with products
that not only protect them but also enhance their overall
wellbeing. Our shared commitment to innovation and employee
engagement has been key to our success."
About Partners&
Partners& is an award winning, Chartered insurance broker
providing high quality, seamless insurance, employee benefits, risk
management and claims advice to businesses and private clients. As
a next generation insurance advisory business, Partners&
combines the best traditions of broking, such as technical advice
and client service, with modern thinking and intelligent use of
technology, to enhance the client experience and create a dynamic
workplace for its talented team.
https://www.partnersand.com
Media Contact
Malia Brown
Marketing and communications director
malia.brown@partnersand.com
+44 7919 551962
About YuLife
YuLife is a tech-driven financial services brand on a mission to
inspire life and turn financial products into a force for good. By
harnessing the power of technology and the latest behavioural
science, YuLife's insurance model focuses on employee wellbeing and
risk prevention, incentivising healthy daily behaviour to drive
positive lifestyle outcomes. YuLife has quickly become a highly
valued employee benefit, providing the safety net of insurance
alongside a highly engaging wellbeing experience that fosters a
healthier, happier and more motivated team. Founded in 2016, YuLife
is headquartered in London and
backed by global insurers and venture
capital. https://www.YuLife.com/
Media Contact
Ben Crome
Headline Media
ben@headline.media
+44 7481 249328
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