The Association of Medical Insurance Intermediaries (Amii) has warned that 2012 will be another tough year for the private medical insurance (PMI) sector.
PruHealth has revealed its first new product suite since purchasing Standard Life Healthcare last year.
Discovery Holdings of South Africa has released short term plans as it complete the acquisition of Standard Life Healthcare, boosting PruHealth to one of the UK's larger private medical insurance (PMI) providers.
Standard Life Healthcare has introduced a ‘guided option' to its private medical insurance products which it says will cut the cost of comprehensive cover.
As sales of individual private medical insurance continue to decline, some providers and advisers suggest the industry has let IFAs down by its lack of investment in new technology.
Standard Life Healthcare is acquiring private medical insurance business FirstAssist Insurance Services Limited and has plans to move its head office to Bournemouth over the next two years.