A bumpy year for the PMI market

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The latest private medical insurance (PMI) statistics released by the Association of British Insurers (ABI) make for some interesting reading.

While it is a positive to read that overall the number of people covered in 2007 rose to 6,004,000 from 5,879,000 the year before, the individual side looked disappointingly bleak. The drop between 2007 and 2006 (1,691,000 down to 1,663,000) was even steeper than the one experienced between 2006 and 2005 (1,695,000 down to 1,691,000). Judging by the individual sector’s track record over the last decade, this does not look set to change. Thankfully, the corporate PMI market has been faring slightly better. Yet again the number of people covered on the corporate side has increased - up fr...

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