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Genworth Financial is a leading global insurer, offering:
- The lifestyle protection
- Retirement income
- Investment
- Mortgage insurance
Genworth serves more than 15 million customers throughout 24 countries. It employs some highly skilled professionals 7,000 people worldwide. The first European office was opened in the United Kingdom in 1972.
Services
Genworth, in Europe, is focused on Payment Protection and Mortgage Insurance.
Payment Protection Insurance
- Payment Protection Insurance (PPI) helps consumers meet their payment obligations on outstanding financial commitments such as mortgages, personal loans and credit cards in the event of involuntary unemployment, illness, permanent disability or death.
- PPI products provide lenders an additional source of revenue and their significant market diversification can help to reduce the risk of their loan portfolios.
Mortgage Insurance
- Mortgage Insurance (MI) products protect lenders and investors in the event that a mortgage borrower defaults on a loan and the proceeds from the sale of the property are insufficient to pay the outstanding debt.
- Mortgage Insurance enables lenders to provide the end borrower with earlier and potentially more affordable access to home ownership by allowing them to put down a lower deposit.
Financial Security
Genworth provides financial security with retirement income and investment products, including innovative individual and group annuities that provide people with paychecks they are simply unable to outlive. Genworth partners with lenders and financial institutions to find new and better ways to do business in the markets. This exceptional approach extends to the local and global communities through volunteerism, charitable giving and events. Genworth focuses on Payment Protection and Mortgage Insurance by working with :
- Banks
- Brokers
- IFAs
- Other financial institutions
Genworth Financial products help their partner groups grow their business by reducing the risk of their loan portfolios and increasing revenues. Genworth Financial offers clients a unique partnership approach as it combines its pan-European experience with local knowledge and service. With the expansion of their business, Genworth Financial is moving towards a developed financial services procedure to provide the best to their customers. Genworth Financial is dedicated to helping individuals and families achieve their goals in a world of shifting financial burdens.
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