UK Private Medical Insurance Industry Forecast to 2017

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The market for private medical insurance is dominated by four insurers - Bupa, Axa, Aviva and Prudential - which have a combined market share of 92%. Despite this concentrated market, a lack of competition between private hospital operators has restricted insurers' bargaining power and resulted in inflated claims costs. Coupled with the decline in customer numbers, this has been the biggest driver of premium growth as insurers responded to drags on profitability by raising prices for customers.
Complete reports is available @ http://marketreportsstore.com/private-medical-insurance-in-the-uk-key-trends-and-opportunities-to-2017/ .

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UK Private Medical Insurance Industry Forecast to 2017

  1. 1. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 Single User License: US$ 2795 Corporate User License: US$ 5590 Order this report by calling +1 888 391 5441 or Send an email to sales@marketreportsstore.com with your contact details and questions if any. 1
  2. 2. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 Summary Gross written premiums in the private medical insurance category amounted to GBP3.65 billion in 2012, recording growth of 3.2% from 2011, and a compound annual growth rate (CAGR) of 2.47% during the review period (2008-2012). Favorable developments in premiums belie the underlying trends in demand, however. As a discretionary insurance product, supplementary to free-to-access healthcare through the National Health Service (NHS), the number of private medical policyholders has been subject to a downwards trend since 2006 and hit its lowest level on record in 2012, at 5.6 million. Factors driving the apparent shift in attitudes include improved levels of satisfaction with the NHS, increased public healthcare spending, and deterioration in labor market conditions. The market for private medical insurance is dominated by four insurers - Bupa, Axa, Aviva and Prudential - which have a combined market share of 92%. Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 2
  3. 3. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 Synopsis The report provides market analysis, information and insights into the UK private medical insurance insurance business It provides a snapshot of market size and market segmentation It offers comprehensive analysis of claims, drivers and market outlook It analyzes distribution channels It offers an overview of deals, news and regulatory developments Inquire Before buying this report @ http://marketreportsstore.com/inquire- before-buying/?rname=8374 . Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 3
  4. 4. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 Key Highlights Private medical insurance premiums rose by 3.2% in 2012 Demand shifted away from the private healthcare sector Minimal competition among private suppliers has increased costs for insurers Competition Commission intervention should begin to alleviate cost constraints Premium growth will be sustained, despite opposing forces Private medical insurance is under threat from lower-cost alternatives Complete reports is available @ http://marketreportsstore.com/private- medical-insurance-in-the-uk-key-trends-and-opportunities-to-2017/ . Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 4
  5. 5. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 Scope This report provides market analysis, information and insights into the UK private medical insurance business It provides a global snapshot of market size It analyses drivers and the outlook for the market It provides information on distribution channels It covers deals, news and regulatory developments Buy the copy of this report @ http://marketreportsstore.com/purchase?rname=8374 . Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 5
  6. 6. Private Medical Insurance in the UK, Key Trends and Opportunities to 2017 About Us MarketReportsStore.com is an online market research reports library of 250,000+ in- depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers. RnR Market Research also offers company data, country profiles, trends, information and analysis on the sector of your interest. Visit Us @ http://marketreportsstore.com Follow Us: Call Now + 1 888 391 5441 | Email at sales@marketreportsstore.com 6

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