The Annual General Meeting of The Association of Medical Insurers and Intermediaries took place on Thursday, 2 May 2019. The conference went very well and we heard presentations from the below Keynote’s:
- Tracy Garrad, Chief Executive, AXA PPP Healthcare – gave her view of the current healthcare market; the challenges and opportunities in the healthcare sector; and an indication of what the future direction for AXA PPP looks like;
- Ted Townsend, LaingBuisson – the latest statistics from LaingBuisson; his thoughts on what is driving growth in the private healthcare sector; and his views on the opportunities this creates for specialist healthcare intermediaries to tap into this growing sector;
- Carl Laidler, Director of Screening Programmes, Health Shield – Carl highlighted the growing market for Occupational Health Services and how healthcare intermediaries can successfully build a portfolio of SME and mid-sized corporate clients by integrating Occupational Health into their service proposition.
If you would like to get any more information from the day, please email me amy.wilson@therightmortgage.co.uk
Overview of the market
Ted Townsend’s LaingBuisson
So, PMI and healthcare products in 2017.
- 10.4% of the UK population have a PMI (6.9m people)
- Total paid premium £4,810million
- 77% company paid – 23% individually paid
- Average company premium per year per person £966
- Average induvial paid premium per year per person £1,998
- Total claims – £3,550mil
Percentage of PMI policies taken out by an intermediary – 70%
- Companies 57.3%
- Individual 12.7%
Tracy Garrad, Chief Executive, AXA PPP Healthcare
Please see below, slides form AXA presentation
[pdf-embedder url=”https://therightmortgage.co.uk/wp-content/uploads/2019/05/AMII-conference-AXA-presentation-for-members.pdf” title=”AMII conference AXA presentation for members”]
