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Growing market for health insurance

Kinsure has released some figures on the expatriate health insurance market:

According to The Institute for Public Policy Research:

  • More than 198,000 British nationals moved overseas in 2005 
  • Almost one in ten Britons now lives abroad
  • A British national emigrates every three minutes
  • One million Britons will move abroad over the next five years

The top 10 countries where Britons live, together accounting for around 75 per cent of all Britons living abroad, are:

  • Australia - 1.3 million
  • Spain - 760,000
  • USA - 680,000
  • Canada - 600,000
  • Ireland - 290,000
  • New Zealand - 215,000
  • South Africa - 212,000
  • France - 200,000
  • Germany - 115,000
  • Cyprus - 59,000

 

Figures from the Spanish National Statistics Institute in 2006 say that ex-pats are now 9% of Spain’s population - at least 500,000 of these are Britons.

The difference in the figures is that they are estimates and it is also difficult to decide whether or not to include someone who has homes in the UK and Spain, and shares time between the two.

 

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Growing market for health insurance
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