Within all lines of insurance, a provider’s services become redundant without the support of a financially stable and committed underwriter. It is not uncommon for companies (particularly those operating within the staff absence insurance market) to be unexpectedly left without the backing of an underwriter. This may hinder the provider’s ability to continue insuring its customers and successfully pay their claims.  

At Absence Protection we understand the importance of financial stability when it comes to your staff absence insurance. Therefore we are the only staff absence insurance company to offer policies from an 'AA-' rated insurer.*

Our policy is underwritten by Great Lakes Reinsurance (UK) SE, part of the Munich Re (Group). Munich Re operates in all lines of insurance, with almost 45,000 employees throughout the world. With premium income of around EUR 28 billion from reinsurance alone, it is one of the world's leading reinsurers.

Recently, following a top 10 shortlist, and based upon companies with a GWP of more than $2 billion, Munich Re secured the title for best reinsurer based on expertise and market knowledge, and also the best reinsurer for the Ability to Pay Claims.*

When taking out an insurance policy you need to know that your insurer has the financial strength and stability to pay claims. Make sure you ask to see a copy of their policy before you take out cover. This will ensure you know who underwrites their policy and what rating they have.

Our relationship with Munich Re allows us to offer dependable and financially stable insurance that really makes a difference to our customers.