Rise in PMI premiums lost customers - Datamonitor

Professional Adviser
clock

Private medical insurance premiums increased by over 50% between 1997 and 2002 while policy take-up ...

Private medical insurance premiums increased by over 50% between 1997 and 2002 while policy take-up fell by an eighth in that same time, suggests the latest findings from Datamonitor. Analysis of financial services policy sales in the health market indicate - in UK health Insurance 2003 report - that the average cost of individual PMI policies has increased by 54% in five years to 2002. Around 6.7m people held PMI policies at the end of 2002, thanks mainly to the group protection market, yet there were 257,000 less people (12%) covered by an individual policy last year so the mark...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •