PMI set for 3.3% growth per annum until 2006

Group private medical insurance (PMI) is set to grow by an average of 3.3% per year until 2006.

According to a report by Datamonitor, gross written premiums for the UK group accident and health insurance market are to reach £2bn during 2006, and companies are likely to attract and retain their best employees by offering a package that includes benefits such as PMI.

The market is expected to retain its strength as the economy becomes stronger and the employment market heats up.