[August 24, 2012]

Research and Markets: Medical & Health Insurance Market Assessment 2012

Research and Markets (http://www.researchandmarkets.com/research/l6tglh/medical_and_health) has announced the addition of the "Medical & Health Insurance Market Assessment 2012" report to their offering.

Exclusive market research commissioned by Key Note in April 2012 has shown that 17.7% of people had suffered an illness or an injury that had prevented them from leading a normal life for more than 3 weeks during the past 12 months. Further statistics from the Department for Work and Pensions (DWP) suggest that, in May 2012, 7.3 million people in Great Britain were claiming some form of illness or disability allowance. This is against a backdrop of an ageing population, with the number and percentage of the population made up of people aged over 85 rising rapidly over the past decades, and predictions for further steep increases to 2035. With this rising life expectancy comes a trend of declining healthy life expectancy (the percentage of years one can expect out of one's life to be spent in good health) as the population ages.

These factors, as well as the current spending restrictions set by the Government, are all colluding to put immense pressure on the NHS, both in terms of budgetary demands and the demands of an increasing volume of patients. The cost of medical treatment is also growing more expensive thanks to new innovations in some fields of medicine. The recession has been a large factor affecting the health and medical insurance sector, as it has for many sectors of the insurance market.

Companies Mentioned

- AVIVA

- AXA PPP HEALTHCARE GROUP PL

- BUPA INSURANCE LTD

- FRIENDS LIFE GROUP PLC

- GROUPAMA INSURANCE COMPANY LTD

- LEGAL and GENERAL GROUP PLC

- LIVERPOOL VICTORIA INSURANCE COMPANY LTD

- PRUDENTIAL PLC

- SAGA SERVICES LTD

- SANTANDER UK PLC

- SIMPLYHEALTH GROUP LTD

- UNUM LTD

- WESTERN PROVIDENT ASSOCIATION LTD

For more information visit http://www.researchandmarkets.com/research/l6tglh/medical_and_health

[ Back To TMCnet.com's Homepage ]