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UK Private Medical Insurance 2007 (Datamonitor)
- Market: Finance and Banking
- Published Date: 14/02/2008
- Report Title: UK Private Medical Insurance 2007
- Table of Contents: View Table of Contents
- Report Type: Market Report
- Country: UK
- Number of Pages: 71
Introduction
This report provides a detailed study of the UK private medical insurance market, with information on market size and profitability, as well as developments in average premiums and policy numbers. In addition, the size of the market is forecast until 2012 under two scenarios reflecting different views on the future of the individual market.
Scope
Data on market size, policyholder numbers and average premiums for the UK PMI market Information on product penetration and consumer attitudes to private medical insurance Forecasts of premium income until 2012 under two different scenarios, based on primary research and in-house expertise
Highlights
Total subscribers to PMI schemes grew by 3.4% in 2006 to a total of 3.4 million. The individual sector increased its number of subscribers by 1.8%. While this is a relatively small increase, it is important because it is the first growth the individual market has achieved in 10 years. According to data from Ipsos MORI, 12% of consumers had private medical insurance in 2007. This makes private medical insurance the most popular health insurance product, with dental plans, critical illness insurance and cash plans scoring significantly lower. The number of PMI subscribers is forecast to grow only slightly between 2007 and 2012. The small overall growth in subscribers reflects very different developments in individual and group subscriber numbers. In the individual market, the number of subscribers is forecast to fall slightly, while the group market is expected to achieve growth.
Reasons to Purchase
Benchmark your market share and premium income against your competitors Understand consumer attitudes to PMI cover Develop your future market strategy using unique forecasts.
This report provides a detailed study of the UK private medical insurance market, with information on market size and profitability, as well as developments in average premiums and policy numbers. In addition, the size of the market is forecast until 2012 under two scenarios reflecting different views on the future of the individual market.
Scope
Data on market size, policyholder numbers and average premiums for the UK PMI market Information on product penetration and consumer attitudes to private medical insurance Forecasts of premium income until 2012 under two different scenarios, based on primary research and in-house expertise
Highlights
Total subscribers to PMI schemes grew by 3.4% in 2006 to a total of 3.4 million. The individual sector increased its number of subscribers by 1.8%. While this is a relatively small increase, it is important because it is the first growth the individual market has achieved in 10 years. According to data from Ipsos MORI, 12% of consumers had private medical insurance in 2007. This makes private medical insurance the most popular health insurance product, with dental plans, critical illness insurance and cash plans scoring significantly lower. The number of PMI subscribers is forecast to grow only slightly between 2007 and 2012. The small overall growth in subscribers reflects very different developments in individual and group subscriber numbers. In the individual market, the number of subscribers is forecast to fall slightly, while the group market is expected to achieve growth.
Reasons to Purchase
Benchmark your market share and premium income against your competitors Understand consumer attitudes to PMI cover Develop your future market strategy using unique forecasts.
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