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The Health Insurance Group Revenue Up By 5%

The Health Insurance Group announced its 2016 half year trading results:

  • New business sales up 8% vs H1 2015, to £7.1m (Annual Premium Income)
  • Product portfolio increased by 8% vs H1 2015, to £124.7m (Annual Premium Income).
  • Revenues up 5% vs H1 2015, to £7.5m.

Brett Hill, Managing Director for The Health Insurance Group said, "Against the backdrop of a fiercely competitive private healthcare market and economic uncertainty we are delighted to report strong increases in sales, portfolio and revenues for 2016."

"In a varied yet progressive year we have continued innovating our core private healthcare programmes focusing on wellness and prevention while diversifying our expanding product portfolio, adding employee assistance services and specialist kidnap & ransom cover for international workers.  Meeting the obligations of auto-enrolment has posed a challenge for some SMEs, and we have made sure that we are able to support them in meeting their commitments through our partnership with Johnson Fleming."

"While the market will remain challenging and clients continue to make ever greater demands from us for excellence in service delivery, product diversity and value, the business remains resilient and continues on an upward trajectory.  We enter the second half of the year with some exciting innovations in development, giving us optimism and confidence that we are continuing to offer the kind of insurance solutions that meet the needs of our many UK and international retail, SME and small corporate clients."

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