Few advisers consider International PMI, says Paul Weigall, yet it is a business ripe with development opportunity for intermediaries.
With many advisers finding business conditions tough, there remains one bright area in the protection market where sales and income are proving resilient to recession – yet it is surprisingly an area which is not targeted by many intermediaries specialising in protection. It appears selling international private medical insurance (PMI) to expatriates is seen by many advisers as a specialist niche – whereas in reality it is a profitable business sector which could deliver much needed growth to many practices. According to the BBC, an estimated 5.5 million Brits live permanently abroad – a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
