This week saw the announcement by Junction, the partnerships and affinity business of BGL Group, that it was now responsible for the insurance of over 2 million customers; an increase of 1 million since 2007.
The result is an impressive one and Junction now manages partnerships with a wide range of household brands including Marks & Spencer, Post Office, Lloyds Bank, HSBC and the RAC.
The recent press release mentioned a 2013 "affinity deal" that Junction had done with Zenith Insurance, which looks more like third party insurance administration than a partnership, but it does at least show the extensive capabilities within the group.
It also begs an interesting question about which affinity insurance provider is now the largest in terms of premium income and policyholders. Junction is almost certainly one of the top 3, albeit as an intermediary, but it would be interesting to see how these numbers compare with Aviva and Ageas; both of which hold some of the largest UK affinity partnerships (even excluding the business they underwrite through Junction).
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