It's not me, it's you

clock

In every relationship there comes a time where the real value of it is revealed to both parties. Over the last year it seems many holders of individual PMI policies have been weighing that very question up, and as Owain Thomas writes, the answer is increasingly negative

‘We need to talk’ is a phrase that all too often signals an imminent parting of the ways. And that appears to be what many people have said to their private medical insurance (PMI) brokers and providers over the last 12 months. ‘There’s no easy way to say this, so I’ll just come out and say it,’ is another oft used cliché to deliver such tidings, but it is also apt here, because as a result of all those awkward conversations, last year was not a good one for the sector. According to statistics from the Association of British Insurers (ABI), less than one million personal PMI policies ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on PMI

PMI

Bupa rolls out full mental health cover to individual market

Time limits removed

Adam Saville
clock 07 June 2019 • 1 min read
PMI

VitalityHealth launches 'comprehensive' mental health package

Unlimited CBT and counselling

Adam Saville
clock 07 February 2019 • 2 min read
PMI

April UK withdraws from UK health insurance market

'Existing PMI customers will require advice'

Adam Saville
clock 19 July 2018 • 1 min read