Context
The ABI has published data showing that a record 4.7 million people were covered by Private Medical Insurance (PMI) through their employer in 2023 – the highest in more than 30 years of data collection.
Key points to note and next actions
- The ABI also reported a 7% increase in the overall uptake of both individual and workplace policies.
- A record total of 6.2 million people now have access to speedy diagnoses and quality treatment for acute health conditions arranged by insurers, as well as support to prevent more serious health issues developing. These figures represent an additional 411,000 people covered in 2023 compared to 2022.
- More policyholders made use of their private medical cover in 2023 too. Data shows a 21% increase in the number of claims made across individual policies and workplace schemes to 1.7 million. Workplace claims were the main driver, up 26% to 1.3 million.