Bupa offer to help small firms
Bupa offer to help small firms
Bupa is offering small companies the option of fixing subscriptions for medical insurance for two years. The scheme, called Bupa Fixed Price, is a new payment method for Bupa's existing schemes for the SME market.
The unpredictability of rises in medical insurance premiums was found to be one the biggest issues for small companies thinking about taking out medical insurance for their employees, according to research by the company.
Existing payment options such as monthly and annual ones will still be available.
BCWA ups its premiums
BCWA Healthcare is to increase premiums in 2001 for the Preferential and Vital cover schemes by an average of 5% for corporate members and 9% for individual members.
The increase will be 3% for corporate members in the 18-44 age group, 5% for the 45-54 age group and 8% for the 55 plus age group.
Individual rates will increase by 8% in the 18-44 age group, 9% for the 45-55 age group and 11.5% for those aged 55 and over.
The healthcare provider has also announced a new travel advice helpline for its members.
Aon records profits drop
Aon's first-quarter net profits have plummeted by 84%.
The world's second largest insurance broker revealed last week that its profits fell to £13.3m, compared to £81.1m last year. It said a volatile stock market and large losses from private partnership investments were to blame.
The Chicago-based company said a £50.4m pretax restructuring charge to ensure all its units could use the same technology system also contributed to the results.
But Aon believes it will save £105m to £139.9m a year from the changes.
The Miller hunt is on
Places are going fast for the London Treasure Hunt which is being run by Miller Insurance on the evening of May 24, to raise money for the Starlight Children's Foundation.
If your company wants to enter a team of five for the event, contact Charlie Sale on 020 7488 2345.
Reduced rates countrywide
Countrywide Insurance Marketing has struck a deal with legal expenses insurer DAS to give its broker members access to personal and commercial legal protection products at reduced rates.
The 1,100 members of Country-wide can buy DAS Drive Plus for £2.50, and Family Plus Legal for £8. In addition, members receive a 10% discount on new commercial legal expenses policies.
HPI Group, the independent vehicle information authority created at the end of last year, has amalgamated its HPI and National Mileage Register (NMR) databases and operations.
The NMR database has information on over 95,000 vehicles which are being investigated and are believed to have a discrepancy in their mileage.
At the end of 2000, the HPI database had information on nearly 68 million asset records in total. HPI registers outstanding finance, condition alert, stolen vehicles and security watch.
Kiln still going
Kiln chairman David Gilchrist will retire on July 1, 2002, not July 1 this year, as reported in “Major changes being cooked up at Kiln”. The story appeared on page 10 of last week's issue.