Medical indemnity - a healthy prospect
A fresh approach to risk management can provide brokers with all manner of opportunities and, with the increase in uptake of complementary and alternative therapies and the growth of the private medical insurance market, is something that should be given serious consideration, as Asgar Hassanali explains
The UK private healthcare market is growing at a tremendous rate. National Health Service outsourcing, the customer's ability to afford alternatives to state-provided facilities, and a growing desire to seek alternative treatments to the traditional orthodox methods have all contributed to this growth pattern.
Expenditure on private-medical-insurance-backed treatment has increased from £1.2bn to £2.2bn during the period 1992 to 2002, according to information and market intelligence provider Laing
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