Insurance Premium Tax Rise

On the 1 November, Insurance Premium Tax (IPT) rose from 6 percent to 9.5 percent, the rise will affect policies renewed or taken out after the beginning of November, and in some cases mid-term adjustments. Each Insurer has their own set of rules as to how the rise is being implemented.  All types of insurance that [...]

November 10th, 2015|

Aviva and VitalityHealth form joint treatment purchasing venture.

Aviva Healthcare and VitalityHealth have announced they are to form a joint venture to purchase treatment from private and independent hospitals in the UK. The two insurers have said that the venture is to allow them to purchase more affordable treatment for their customers through their combined purchasing strength. The new company called 'Healthcare Purchasing [...]

November 5th, 2015|

AXA-PPP completes acquisition of Simplyhealth’s PMI business

Following approval from the UK Competition and Markets Authority, AXA-PPP has now completed the transaction for Simplyhealth's PMI business. Transfers for existing customers are likely to begin towards the end of 2015 and 2016, Simplyhealth will be writing to all policyholders to confirm details of the acquisition, and when policies will transfer over to AXA-PPP, [...]

August 1st, 2015|

Simplyhealth to sell PMI and Trust business to AXA-PPP

Simplyhealth, Britains fifth largest Private Medical Insurer has reached agreement to sell it's book to AXA-PPP Healthcare. Subject to regulatory approval, the deal will help AXA-PPP's further expansion in the sector. Simplyhealth will continue to provide cash plans and dental benefits in an effort to concentrate more on 'everyday healthcare'. The sale is said to have [...]

May 14th, 2015|

Bupa Global launches tiered iPMI products in UK

Bupa Global this week launched a range of international private medical insurance (iPMI) products in the UK. The four products – called Bupa Global Select, Premier, Elite and Ultimate Health Plans – are tiered on coverage and price. The move in the UK follows news the launch of a similar collection of tiered products in [...]

February 11th, 2015|
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