Health Insurance - Are NHS failings boosting health insurance earnings? - 07/08/2008

 
 
 

Despite the growing concerns when it comes individual’s finances and their lack of them the health insurance industry seems to be enjoying positive trade. This can be seen in numbers crunched out by Axa one of the largest insurance providers in the UK. Their first half of trade for 2008 has seen an increase of 14 percent, the same period last year saw earnings of £160 million while this years stand at £183 million.

Their success is not limited to the UK market alone as their global earnings have seen an impressive increase by 7 percent, going to show that their positive developments this year is not solely down to the backlash against the NHS’s unfortunate super bug attacks that continue to affect their hospitals. Rather a portion of the increase in earnings is down to utilising their strategic business units which contribute by restructuring the support facilities that currently operate within the company.

While this may lead to a number of redundancies the annual savings amounts to an impressive £80 million, an amount that can continue to be injected into the company contributing heavily to future developments.

 
     
 
 

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