Medicash reports 'record' broker sales

The annual accounts reveal that sales of company paid plans rose to 41,469, up from 38,477 in 2014 driven by a strong intermediary led market. The total number of Medicash policyholders grew by 11% to 188,314 - up from 169,918 the previous year. Two-thirds (66%) of Medicash's new business was delivered via brokers in 2015. The cash plan provider also reported:  • Premium income £23m (up 5.5% from 21.8m in 2014) • Commissions paid to intermediaries £463k (up 59% on 2014) • Value of claims paid £18.4m (up 7% on 2014) • 97% of claims received were paid. Chief executive Sue W...