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‘Disappointing but expected’ – AMII response to the LaingBuisson Health Cover market report

Chairman of the Association of Medical Insurers and Intermediaries (AMII), Stuart Scullion, commented:
 
"It is disappointing to note that the UK market for private medical cover flatlined in 2016, but these results are not unexpected.
 
“The current political uncertainty, implications of Brexit, along with further increases in Insurance Premium Tax (IPT), all mean our industry is entering an unprecedented decade of change.
 
“I have previously described the increases in IPT as an ill-conceived and ill thought through taxation, and as an industry we know these increases will push consumers away from the private sector and simply add further strain on the NHS.
 
“What’s more the new General Data Protection Regulation (GDPR), which will come into force in May 2018, are placing additional strain on insurers, intermediaries and employers in preparation for what will be the biggest change to data protection legislation in a number of years.
 
“The report’s findings are an early indication that these challenges are already starting to impact on our market.”

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‘Disappointing but expected’ – AMII response to the LaingBuisson Health Cover market report

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