03 August 2016

The Health Insurance Group revenue up by 5%

Independent specialist broadens portfolio by adding international and pensions services for SMEs in 2016

The Health Insurance Group, the independent specialist adviser that delivers customised health and wellbeing solutions for individuals and businesses throughout the world, today announced its 2016 half year trading results:

  • New business sales up 8% vs H1 2015, to £7.1m (Annual Premium Income)
  • Product portfolio increased by 8% vs H1 2015, to £124.7m (Annual Premium Income)
  • Revenues up 5% vs H1 2015, to £7.5m

Brett Hill, Managing Director for The Health Insurance Group said: “Against the backdrop of a fiercely competitive private healthcare market and economic uncertainty we are delighted to report strong increases in sales, portfolio and revenues for 2016.”

“In a varied yet progressive year we have continued innovating our core private healthcare programmes focusing on wellness and prevention while diversifying our expanding product portfolio, adding employee assistance services and specialist kidnap and ransom cover for international workers. Meeting the obligations of auto-enrolment has posed a challenge for some SMEs, and we have made sure that we are able to support them in meeting their commitments through our partnership with Johnson Fleming.”

“While the market will remain challenging and clients continue to make ever greater demands from us for excellence in service delivery, product diversity and value, the business remains resilient and continues on an upward trajectory. We enter the second half of the year with some exciting innovations in development, giving us optimism and confidence that we are continuing to offer the kind of insurance solutions that meet the needs of our many UK and international retail, SME and small corporate clients.”

The Health Insurance Group

As one of the largest independent healthcare intermediaries in the UK, The Health Insurance Group provides:

  • Business health insurance
  • Private health insurance
  • International health insurance
  • Wellbeing: employee assistance programme, occupational health and health screenings
  • Healthcare cash plans
  • Dental insurance
  • Business travel insurance
  • Protection: life, income and critical illness
  • Pensions – a solution for auto-enrolment for employers
  • Kidnap and ransom cover for international employees