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Number Of People In The UK Buying Private Medical Insurance For The 1st Time Doubles Since Covid-19

The number of people buying private health insurance for the first time has doubled since the beginning of the Covid-19 pandemic, according to leading UK protection comparison site ActiveQuote.

Sales of Private Medical Insurance (PMI) to first-time customers were up on average by 100% across November, December and January this year, compared to the amount coming through at the beginning of the pandemic across March, April, and May 2020.

This newfound consumer interest in PMI shows no signs of slowing in 2021 either, with private healthcare sales to first-time buyers up 32% between December and January alone.

Rod Jones, Head of Partnerships at ActiveQuote, said, “We know the tide has been turning for a while when it comes to private healthcare and, with figures like these, it certainly feels like the public has woken up to the benefits of PMI.

“There can be no denying that attitudes towards private healthcare have changed significantly since Covid-19 arrived in the UK, and the statistics continue to show us that consumers are more committed than ever to making sure their needs are taken care of come what may.”

“What’s also encouraging, from an industry and consumer perspective, is that significant rises in the number of first-time buyers investing in private healthcare means more are realising not only the true value of having these policies in place, but just how affordable and accessible a lot of them are too,” Rod added.

“This is a positive development not only when it comes to future markets, therefore, but for customers too, who can expect PMI to be an increasingly affordable option available to ever greater numbers as a direct consequence of this continuing increase in take up.”

As the UK’s leading comparison website and broker of health and protection insurance products, ActiveQuote has been working closely with its partner insurers to help meet increasing demands in the PMI market since the pandemic broke out.

For more information visit: www.activequote.com

 

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Proposed Transfer Of CS Healthcare’s Private Medical Insurance Members And Business To Bupa

Bupa and CS Healthcare are announcing a proposed transfer of CS Healthcare’s members and business to Bupa.

CS Healthcare is a Friendly Society with approximately 18,500 members and was originally established in 1929 to provide health insurance cover for members of the UK Civil Service. Bupa is the UK’s leading health insurer, established in 1947, and its purpose is to help people live longer, healthier happier lives.

The proposed transfer offers a number of benefits to CS Healthcare’s members. Bupa is well known for the standards of care it provides and has a strong commitment to maintain the highest level of customer service in the industry. Bupa’s strong financial position and presence in the health insurance market offers confidence in its sustainability and the ability to deliver affordable premiums over the long-term.

If the transfer is approved, following their first or second policy renewal, CS Healthcare members will benefit from greater access to even more health and wellbeing support including Bupa’s specialist support for cancer* and cardiac care, digital GP service, and direct access to treatment for a wide range of conditions without needing to see a GP first. They’ll also benefit from Bupa’s market-leading mental health cover, to support this important aspect of their health.

Over the last few years, CS Healthcare has been impacted by rising healthcare and administration costs and increased costs of regulatory compliance. This has led to premiums increasing and more customers leaving CS Healthcare than joining, impacting sustainability.

Subject to regulatory approval, clearance from competition authorities and approval by CS Healthcare’s members at its AGM in September, the transfer is due to complete towards the end of 2020.

Alex Perry, CEO, Bupa Insurance said, “We’re very pleased that CS Healthcare has chosen Bupa to care for its members into the future. Bupa has been in discussions with the CS Healthcare Board and management for some time, and it’s clear that our organisations share similar values and cultures, with a strong long-term commitment to putting customers first.

“We work hard to deliver the best healthcare for our customers. The transfer will give CS Healthcare members access to Bupa’s leading health expertise and pioneering support services to help them stay in control of their physical and mental health, including our enhanced range of healthcare services that can be accessed from home.”

Tom Gidaracos, Chief Executive, CS Healthcare said, “We are committed to ensuring our members have assured medical insurance and continuity of cover for their futures.

“Changes in the private medical insurance market over the past two decades, as well as increased regulation and costs in the insurance industry mean that CS Healthcare’s members would benefit from joining a larger organisation.

“Bupa will provide added security, continuity of cover and enhanced benefits to CS Healthcare members. As an organisation with no shareholders, and a similar ethos, we’re confident it’s the right home for our members and their future.”

For more information please visit the Bupa website

* where customers have chosen to include cancer cover.

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OUT NOW: International Private Medical Insurance Companies and Providers V1.3 - Adds NEW Wellaway Advertising Campaign

Version 1.3 of the International Private Medical Insurance Provider Directory is out now.

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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OUT NOW: International Private Medical Insurance Companies and Providers V1.2

Version 1.2 of the International Private Medical Insurance Provider Directory is out now with the addition of Antaé, a leading employee benefits firm based in Switzerland.

Based in Lausanne in Switzerland, Antaé is specialised in advice, design and distribution of international mobility solutions: private medical insurance, travel health insurance, assistance and security, protection, kidnap and ransom, pension. Our clients are international corporate businesses and organisations, NGOs, international private schools and international students in Switzerland. Antaé is FINMA registered – N° 28246

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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OUT NOW: International Private Medical Insurance Companies and Providers V1.1

Underwriters and providers are represented and Team iPMIM would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

iPOLICY Magazine Issue 004 June 2015 Powered By International Private Medical Insurance Magazine (iPMIM) from iPMI Magazine on Vimeo.

CONNECT

To get in touch with and contact International Private Medical Insurance Magazine (iPMIM) simply send us an email. You can write to the team on: ipmiATipmimagazine.com and we will get back in touch right away. (replace AT with @)

The new directory is also featured in our Medical Broker and Intermediary report, iPolicy.

Issue 4 is out now and can be found at: https://ipolicymagazine.com/read-ipolicy/item/274-ipolicy-issue-4

iPolicy Issue 4 kicks off with an executive interview with the new Managing Director @ Cigna Global iPMI.

About the iPMI Company Directory

Delivering pertinent company information to worldwide insurance brokers, intermediaries and agents the International Private Medical Insurance Magazine iPMI Provider Network Directory is the definitive global resource featuring international medical insurance underwriters and providers.

Identify, select and source the most appropriate insurance partners that may assist you expand your product portfolio range and coverage. Designed by iPMI providers for iPMI brokers, the directory works hand-in-hand with iPMI Magazine company micro web sites. Follow the interactive links throughout the directory for more company intelligence and content.

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Egypt In-Touch Assistance

 

Egypt In-Touch Assistance is the first ISO9001:2008 certified Assistance Company in Egypt, specialized in offering medical & non-medical assistance services all over Egypt and the Middle East. Our Mission is to keep costs to a minimum without affecting the quality of the healthcare and assistance services provided. Our goal is to be the leading assistance company in Egypt and the Middle East, providing medical and non-medical assistance services to local citizens and international business, leisure and medical tourists.

The key to our success is our local presence and knowhow, committed staff, customer focus and quality and transparency in our case processing. We deliver true value through quality care and competitive pricing. The EIA founders have been working in Egypt with more than 15 years experience in the healthcare market.

Company: Egypt In Touch

Address: El-Nasr St, El-Dahhar, Hurghada, Red sea, P.O.Box 491, Egypt.

Cairo office: 312 Al-Sudan St. 4th floor – Flat 14 Mohandessein

Phone: +201 2024 0504

Fax: +206 5355 5332

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web: www.egypttravelassistance.com

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Egypt In-Touch Assistance

 

Egypt In-Touch Assistance is the first ISO9001:2008 certified Assistance Company in Egypt, specialized in offering medical & non-medical assistance services all over Egypt and the Middle East. Our Mission is to keep costs to a minimum without affecting the quality of the healthcare and assistance services provided. Our goal is to be the leading assistance company in Egypt and the Middle East, providing medical and non-medical assistance services to local citizens and international business, leisure and medical tourists.

The key to our success is our local presence and knowhow, committed staff, customer focus and quality and transparency in our case processing. We deliver true value through quality care and competitive pricing. The EIA founders have been working in Egypt with more than 15 years experience in the healthcare market.

Company: Egypt In Touch

Address: El-Nasr St, El-Dahhar, Hurghada, Red sea, P.O.Box 491, Egypt.

Cairo office: 312 Al-Sudan St. 4th floor – Flat 14 Mohandessein

Phone: +201 2024 0504

Fax: +206 5355 5332

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web: www.egypttravelassistance.com

A founding member of The International Assistance Network

 

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Medical, Healthcare, Expatriate And Travel Insurance

A guide to leading international medical, healthcare, expatriate and travel insurance underwriters, companies, providers, operating within leisure, expatriate and corporate travel business markets, globally.

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