Groupama Healthcare is predicting a small rise in the price of private medical insurance for small business by all insurers soon.
Although prices for private medical insurance for small businesses remained under strong competition during 2008 - driven, Groupama says, by the market leaders - that is changing.
Francois-Xavier Boisseau of Groupama says, “There now appears to be the possibility of the market responding to correct adverse profitability with some potential for small price increases in 2009 - something that is long overdue. We have taken a very sensible and disciplined approach to our healthcare business over recent years and have concentrated on enhancing the bottom line rather than trying to grow in unfavourable market conditions. Our portfolio is now responding to our efforts and against the background of the first signs from our competitors that prices in the SME sector may be moving up, we are in a better position to compete more effectively."