PMI highlights broker innovation
The dynamics of the private medical insurance market have changed due to a continuous cycle of incre...
The dynamics of the private medical insurance market have changed due to a continuous cycle of increasing claims, according to an industry expert.
Steve Langan, group sales director at PMI Health Group, said: "Increasing claims costs are nothing new in the medical market - claims inflation has risen by 10% every year, indicating an alarming trend. However, the increase in premium levels have not been the same as the level in claims inflation."
Mr Langan added this was because both brokers and
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