Looking rosy

Professional Adviser
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Group PMI is in good health - last year sales trumped the rest of the health insurance and protection industries - but there are clouds on the horizon, writes Georgina Kenyon Click here to download pdf

It has been a great year for the group private medical insurance (PMI) market – the only sector of the health insurance and protection markets to see sales rise in 2005. According to recent figures from the Association of British Insurers (ABI) released in late May, the number of corporate subscribers has increased from 2,614,000 in 2004 to 2,665,000 in 2005. This was also up on the previous year, which saw 2,603,000 subscribers. The number of people covered under corporate plans also grew, with 4,854,000 people covered – up from 4,788,000 in 2004. But while group PMI providers can pat...

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