Churchill Insurance is looking for new opportunities in the Private Medical Insurance (PMI) market.
A Churchill spokeswoman said: "The health market seems to be one where existing suppliers do not ...
Churchill Insurance is looking for new opportunities in the Private Medical Insurance (PMI) market.
A Churchill spokeswoman said: "The health market seems to be one where existing suppliers do not supply the need."
She said PMI could be a good market for Churchill to enter and by the end of the year the direct insurer may have made a clear decision. "We are definitely looking at it," she said.
According to market sources, Churchill has already made some inquiries about possible PMI
projects.
The PMI market is static, accounting for roughly 11% of the insurance market at present, and only growing slightly in the company paid scheme sector. A senior employee of a leading health insurer said he welcomed the positive recognition of the potential of the PMI sector by Churchill.
"It is an interesting move and good for the industry," he said. "Given the state of the NHS, this decision was taken advisedly. It is good news."
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