Keeping a rein on business

It is a sign of the times that the corporate market is on the look out for sharper deals in all areas of business. But while the medical insurance industry as a whole is under pressure to deliver, insurance intermediaries, for their part, face the short-term prospect of being unable to cost-effectively rebroke schemes. Medical inflation has consistently exceeded the retail prices index in recent years, driven by mounting costs of cancer, cardiac and psychiatry treatments, and claims are increasingly rising above the rates allowed for in medical insurance premiums. To date, cost price brok...