Health Shield becomes joint third largest for health cash plans

Health Shield has announced its 2017 full-year financials, including claims stats which revealed that 94.8% were paid last year. An 11% rise in premium income and an 11% rise in total members covered - to 311,000 - reflects two acquisitions - of health screening and occupational health company Prevent, and provider of PMI excesses and shortfalls, Medex Protect - during that year. The firm has also experienced 19% increase in employees, from 137 to 163 staff. Revenue reached £38.1m for 2017, which makes Health Shield the joint third largest health cash plan provider according market an...