The great divide

As the annual results for 2009 poured in last month it became clear that something of a divide had opened between the health insurance and protection markets during the recession. While most protection providers had weathered the financial storm reasonably well, the private medical insurance (PMI) market suffered quite noticeably, with many insurers reporting dips in both profits and members. Groupama Healthcare was one of those to feel the pinch, recording a 10% decline in overall business for 2009, however, with the economy slowly dragging itself out of recession and a positive start t...