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Gross written premiums within the private medical insurance department amounted to GBP3.65 billion in 2012, recording increase of 3.2% from 2011, and a compound annual rate of growth (CAGR) of 2.47% during the review period (20014–2017).Favorable developments in premiums belie the underlying trends in demand, however.
at one's discretion insurance product, supplementary to free-to-access healthcare through the National Health Service (NHS), the number of private medical policyholders has been subject to a downwards trend since 2006 and hit its shortest level on record in 2012, at 5.6 million.
Factors driving the apparently shift in attitudes included improved levels of contentment with the NHS, raised public healthcare spending, and deterioration in labor market conditions.The marketplace for private medical insurance is dominated by four insurers – Bupa, Axa, Aviva and Prudential – which have a combined with market share of 92%.
Despite this concentrated market, a lack of competition between private hospital operators has restricted insurers' bargaining power and resulted in inflated claims costs.
Coupled with the decline in client numbers, this has been the highest driver of premium growth as insurers competent to drags on profitability by growing prices for clients.The consumer shift away from private medical insurance is unlikely to be absolutely reversed.
Nevertheless, favorable forces will underpin a modest CAGR of 2% for gross written premiums over the forecast period (2013–2017).

The private medical insurance in the UK estimated at GBPS 3.65 Billion in 2012 at a growth of 3.2% from 2011 and expected to grow at a CAGR of 2.47% during the review period 2008-2012.
The research report provides market analysis, information and insights into the private medical insurance business in the UK.The study describes the drivers and restraints of the private medical insurance industry, analysis of claims, and market outlook.
The report states the trends and demands in the market based on its output and volume.Request a free sample copy of the Private Medical Insurance in the UK @ https://franknraf.com/sample-report/?rpt_id=6078The study covers the complete analysis including market and its forecast analysis along with the market size, market shares, cost, price, output and volume, market demand, market segmentation, opportunities and threats, challenges.
Also, the report includes the list of leading industry players and the information about market threats, opportunities and moreMainly, the market for private medical insurance is dominated by insurance companies like Bupa Insurance LTD, AXA UK, Aviva PLC, and Prudential which covers 92% combined market shares.
Also other companies which are in private insurance industry are Chubb Insurance Company of Europe, SE Cigna Life Insurance Company of Europe, SA-NV Exeter Friendly Society LTD, Great Lakes Reinsurance (UK) PLC, Simplyhealth Group LTD, and Western Provident Association.Grab complete research report @ https://franknraf.com/reports/private-medical-insurance-in-the-uk-key-trends-and-opportunities-to-2017/Scope:This report provides market analysis, information and insights into the UK private medical insurance business.It provides a global snapshot of market sizeIt analyses drivers and the outlook for the marketIt provides information on distribution channelsIt covers deals, news and regulatory developmentsAbout Frank n Raf Market Research:Frank n Raf is one of the eminent companies in Market Research and Consulting Services, headquartered in Pune, India and soon will be in the United States.
We provide more options to our clients when it comes to market research and consulting services by providing accurate and transparent industry insights, syndicated research reports, customized research reports, and top we expertise in consulting services.Contact Details:Website: https://franknraf.comEmail ID: info@franknraf.comUS: +1 347-321-6773India: +91 20-69450000