Jelf has warned that the private health insurance and employee benefits sector will be "no place for the faint hearted" next year.
The employee benefits consultancy predicted more insurers will follow Bupa in using open referrals and expects a regulatory investigation into market remuneration practices. It also noted that the NHS reforms may drive some product innovation, but feared some of the new offerings may play on concerns surrounding the reforms. Chief among the concerns raised by the brokerage will be its expectation that private medical insurance (PMI) remuneration will be investigated. ‘Towards the end of 2012 and into 2013 we predict that investigations into level commissions for PMI will gather pac...
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