Simplyhealth completes Groupama Healthcare purchase

clock

Simplyhealth has completed its purchase of fellow health insurer Groupama Healthcare and revealed it will release a new private medical insurance product in the autumn.

Policy terms and conditions, benefits, and contact details that customers previously used have not changed.

The acquisition was announced in August last year but has been delayed due to a backlog of transactions in the regulatory and legal processes.

However, approval was given by the High Court on 26 April and all Groupama Healthcare policies were transferred to Simplyhealth on 27 April.

Groupama's PMI plan, Santé, has been renamed Santé by Simplyhealth and is still available for quotations and renewals, but the insurer said it was planning a new PMI product which it hoped would be launched in the autumn.

"This will include the best aspects of both Santé by Simplyhealth and Preferential, Simplyhealth's existing comprehensive private medical insurance plans," it added.

Combined with its acquisition of Denplan, the insurer has nearly four million policyholders and 20,000 businesses customers and is now the UK's fifth largest PMI provider.

Simplyhealth sales and marketing director Jamie Wilson, said: "We're very excited to have completed our acquisition of Groupama Healthcare as it means we can help more people with their health.

"Groupama Healthcare had built a strong reputation for customer service and this is something we are firmly committed to continuing.

"We will ensure that all policyholders, intermediaries and corporate clients receive the same personal service they have always had," he added.

More on Group PMI

Appointments for SunLife and Unum

Appointments for SunLife and Unum

New CMO and Digital Officer

Cameron Roberts
clock 04 March 2024 • 1 min read
Missed early diagnosis for cancer leads uptick in PMI policies

Missed early diagnosis for cancer leads uptick in PMI policies

Employers increasingly rolling out private healthcare to more of their employees

Jaskeet Briah
clock 08 February 2024 • 2 min read
Unum Dental acquires renewal rights for Cigna UK clients

Unum Dental acquires renewal rights for Cigna UK clients

Following Cigna's UK divestment

John Brazier
clock 13 July 2023 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read