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Insurers process record £4bn across all health schemes

The ABI’s latest figures reveal that health insurers processed a record £4 billion in individual and workplace private medical insurance claims in 2024 – up 13% compared to 2023 (£3.57bn).1 That’s roughly £11 million paid out every single day across the year.
Posted on Thursday Jan 22

Japan life insurance market to surpass $337 billion in 2030

Japan’s life insurance market is projected to grow from JPY38.7 trillion ($266.2 billion) in 2026 to JPY47.8 trillion ($337.7 billion) in 2030, registering a compound annual growth rate (CAGR) of 5.4% in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company.
Posted on Tuesday Jan 20

Employers: prepare for Blue Monday

While the exact date and contributing factors for Blue Monday may be open to interpretation, the employee benefits team at Everywhen explains that January may one of the most difficult times of the year, however, as all pillars of health and wellbeing are inextricably linked, and all affect mental health, the company is urging employers to be prepared to support employees where necessary and across all pillars, including physical, financial and social.
Posted on Monday Jan 19

PRA letter to CEOs highlights Life Insurers writing BPAs

The Prudential Regulation Authority (the PRA) issued its annual letter to insurer CEOs setting out its priorities for supervising UK insurers in 2026. Life insurers writing bulk purchase annuities continue to be a key area of focus for the PRA reflecting the long-term nature of the risks they take on. The PRA’s priorities build on both new and existing themes with a number of points that are relevant for defined benefit pension schemes considering buy-ins and buy-outs.
Posted on Friday Jan 16

Another record low for death rates in 2025

The Continuous Mortality Investigation (CMI) publishes frequent mortality analysis for England & Wales through its mortality monitors. Today’s updates cover the period to 2 January 2026 and the quarterly monitor sets out results for the whole of 2025.
Posted on Wednesday Jan 14

Men delay diagnosis fearing health problem may damage career

Almost a third (30%) of men fear a diagnosis could put their job at risk or see them judged as unreliable. Working hours stop younger men booking tests, with almost one in five (19%) aged 25–34 struggling to get short-notice time off. One in five (20%) men don’t even know if their employer has any support in place should they be diagnosed with a serious health condition
Posted on Monday Jan 12

Vulnerable customers see application forms time consuming

Many vulnerable customers cite challenges with the insurance application process, while a significant proportion are denied a policy altogether. Some are left feeling uneasy and judged about the insurance application process, suggesting the industry has some way to go to improve processes, reveals a survey by GlobalData.
Posted on Tuesday Dec 23

Nearly 4 in 10 adults live with ongoing medical conditions

UK health and life insurer The Exeter has released new research showing that nearly four in ten UK adults (39%) are living with one or more ongoing medical conditions. The findings underscore the importance of ensuring that individuals living with long-term health issues have clear pathways to protection – particularly at a time when broader concerns about access to healthcare remain.
Posted on Wednesday Dec 17

Heading for a care cost shock

60% of over-45s think the average cost of a year’s stay in a residential care home is less than £60,000 compared to industry figures suggesting actual cost of £66,500. More than one in four (28%) underestimate the true cost by more than half.
Posted on Monday Dec 8

Employers to act on early detection as ill health costs rise

Quantum Advisory has urged employers to take action now as delayed health detection continues to drive record absence levels, push up benefit costs and puts mounting pressure on HR teams.
Posted on Tuesday Dec 2

Cancer cases surging in young men

Only one in six Gen Z men check themselves regularly for signs and symptoms of cancerRising cancer cases in young men means many could be missing lifesaving checksOne in six (17%) refuse, or are afraid, of seeking medical adviceTo help, Bupa's latest Inside Health series sees Dr Zoe Williams, Dr Tim Woodman, and Dr Frankie Jackson-Spence explore how cancer screenings, tests, and prevention strategies can help you get ahead of cancer
Posted on Tuesday Dec 2

Chancellors increase to National Living Wage welcomed

Kate Smith, Head of Pensions at Aegon welcomes the Chancellor's announcement of an increase to the National Living Wage from £12.21 per hour to £12.71 an hour for over 21s effective April 2026:
Posted on Wednesday Nov 26

Health add-on benefits lead toward Income Protection

Survey finds just 14% of full-time workers in the UK have Income Protection. Take-up of IP eclipsed by pet insurance (37%) and health insurance (36%)
Posted on Wednesday Nov 26

APAC life insurance industry to reach $1.6 trillion by 2029

The Asia-Pacific (APAC) life insurance industry is projected to grow at a compound annual growth rate (CAGR) of 7.3%, from an estimated $1.2 trillion in 2025 to $1.6 trillion in 2029, in terms of written premiums, according to GlobalData, a leading data and analytics company.
Posted on Friday Nov 21

Labour scores badly on tackling crisis in adult social care

Just Group launches its 13th Care Report: Social Care Reform - Stuck in the Waiting Room. Over-45s twice as likely to agree than disagree that the problems facing adult social care have worsened since Labour gained power. 62% do not believe that the government is doing a good job on social care and only 10% are confident it can fix the long-term problems. Casey Commission on social care launched by the Government not scheduled to report back to the Prime Minister until 2028
Posted on Tuesday Nov 18

Two in five men are unaware of cancer risk

Just two in ten men believe they are at high risk of developing cancer. Two-thirds (66%) don’t realise the impact of genes and ethnicity in the risk of developing cancer. Bupa and Prostate Cancer UK announce new partnership, encouraging men to proactively check their prostate cancer risk and get checked.
Posted on Thursday Nov 13

Treasury Committee urges Chancellor to back down on Cash ISA

The Treasury Committee has urged the chancellor not to cut the Cash ISA allowance at the Budget next month. AJ Bell has long argued that tinkering with the Cash ISA allowance is unlikely to foster the retail investing revolution desired by the chancellor. Research carried out by the investment platform suggests just one in five would migrate to investing in the UK stock market if the Cash ISA allowance was abolished or reduced
Posted on Monday Oct 27

Changing obesity trends could reshape pensions and insurance

The Institute and Faculty of Actuaries (IFoA) has published its latest thought leadership ‘think’ piece, authored by experts from LCP, which highlights the revolution in Anti-Obesity Medication (AOM) and argues that actuaries should change the way they assess and monitor the impact of obesity on pensions and insurance.
Posted on Thursday Oct 23

Silver economy ushers in a new growth era for life insurance

A quarter of all people in advanced markets will be over 65 by 2050, with this "Silver Economy" reshaping the core customer base of the life insurance industry. Increasing life expectancy, falling birth rates and wealth concentration among retirees will fuel demand for protection that provides guaranteed income, health and care coverage. New approaches to product design for annuities, risk pooling and bundling care protection will meet the changing needs of ageing populations
Posted on Wednesday Oct 22

Howzat as number of centenarians rises to over 16 thousand

The latest data from the ONS on the number of people who have lived to 100 years old or older show that there were a record 16,600 centenarians in the UK in 2024, which has doubled from 8,300 in 2004.

Posted on Tuesday Oct 21

Many people unprepared for long term care needs

Two thirds of people think social care is an individual responsibility, but three quarters have taken no steps to prepare, new research from the Institute and Faculty of Actuaries (IFoA) shows.
Posted on Thursday Oct 16

Delaying life insurance by overestimating costs 184 percent

On average, people overestimate the monthly cost of life insurance by 184%, estimating it to be £79.50 when the actual average L&G policy cost was £27.95 in 2024. Cost is the biggest barrier, with over a quarter (27%) of respondents believing life insurance is “too expensive”. Young people aged 18–24 review their personal finances most frequently (35.7 times a year), yet misconceptions about insurance persist.
Posted on Wednesday Oct 15

Ratio spent on mental health treatment jumps in PMI claims

Claims incidence increases six percentage points to 27% between 2021 and 2024 but sees recent evidence of stabilisation. Trend fuelled by decline in NHS accessibility as employees turn to PMI to meet healthcare needs. Mental health conditions accounting for a growing proportion of spend, rising from 8% to 13% between 2022 and 2025 YTD.
Posted on Monday Oct 13

Over 14m have had self funded private medical treatment

New research from Howden Life and Health reveals 27% of Brits have self-funded private medical treatment in the past five years. On average this ‘out of pocket’ treatment cost £6,000, with one in seven spending more than £15,000. Data comes as NHS league tables confirm eight in ten of England’s hospital trusts are ‘missing targets’ and expose stark ‘postcode lottery’ of care in England. Demand for PMI is also rising fast: 60% say they would choose private medical insurance (PMI) over any other workplace benefit if fully funded.
Posted on Thursday Oct 2

1 in 3 could lose the family home after a partners death

Almost one in three (30%) UK adults say they'd be forced to sell the family home if their partner passed away. Over a third (35%) would have to use their savings just to get by. While one in five (18%) would need to take on a second job or side hustle to make ends meet. To help customers protect what matters most, Tesco Insurance has launched a life insurance proposition in conjunction with Aviva.
Posted on Tuesday Sep 23