Individual PMI

It seems the individual private medical insurance (PMI) market is in a state of crisis. For the last eight years both advisers and providers have referred to 'sluggish growth' and a 'static market', but it appears that the sector is far from stationary – it is in full blown decline. According to recent figures from Laing & Buisson, both the number of subscribers and persons covered under individual PMI policies has been falling every year since 1996, and the market shed an astonishing 700,000 lives between 1996 and 2003. Preliminary figures for 2004 from the Association of British Insure...