Thursday, February 3, 2011

UK Healthcare Cash Plans 2010


UK Healthcare Cash Plans 2010

This brief provides a detailed investigation into the UK healthcare cash plan market, with information on market size and profitability, as well as developments in policy numbers. In addition, the size of the market is forecast up to 2014. The brief also discusses consumer and distribution trends in the market, identifying the consumer segments most likely to buy insurance.
Scope
  • Data on market size, product penetration and consumer attitudes to healthcare cash plans.
  • An analysis of the latest innovation and market developments taking place.
  • Forecasts of premium income until 2014 and an examination of the factors influencing future market growth.
Highlights
While the private sector bore the brunt of the recession in 2009, a number of analysts have pointed to possible reductions in the public sector through large-scale redundancies. This is likely to have a negative impact on healthcare cash plan providers distributing through this sector, due to an expected reduction in headcount.
The corporate market is an attractive target for healthcare cash plan providers due to the rapid growth it can bring to their business. Many cash plan providers have therefore been focusing on distributing their policies to employers in a bid to gain access to a large pool of risks and therefore increase revenues.
A number of consumers and companies are seeing healthcare cash plans as a good alternative to PMI, which can be considerably more expensive. Industry executives interviewed by Datamonitor stated that increases in premiums in the PMI market had encouraged more companies and consumers to seek cheaper alternatives such as healthcare cash plans.
Reasons to Purchase
  • Understand product penetration trends across different customer segments in the market.
  • Benchmark your market share and premium income against your competitors.
  • Develop your future market strategy using Datamonitor’s unique forecasts.
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