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HEALTH & WELLBEING
More and more businesses investing in the health and wellbeing of their workforce Liverpool based health insurer Medicash saw its premium increase by £1.9 million in 2018 as it sold 69,000 new policies in the year. This growth has been driven by a surge in demand from employers looking to provide an everyday healthcare solution for the whole of their workforce. In its annual results, just released, Medicash announced that at the end of 2018 it covered 244,589 policyholders and had paid in excess of 400,000 claims across the year. Commenting on the results Medicash Finance and IT Director, Andy Roberts, said: “We are delighted with these results which reflect the hard work of everyone in the business. 2018 represented our eighth consecutive year of strong policyholder growth and 2019 is on course to be even stronger. “Maintaining our focus on IT and technology, our App has gone from strength to strength and is now the main way our customers submit their claims to us. As well as streamlining the claims process for our customers, we continually invest in our IT infrastructure which enables us to maintain the lowest operating costs in the industry.
This allows us to pay a high proportion of premiums back to our policyholders through their claims and ensures the business grows in a sustainable way.” Paul Gambon, Sales and Marketing Director at Medicash added: “It’s great to see businesses are still investing in the health and wellbeing of their employees. There has been a big drive in employee wellbeing over the last 10 years and companies are more aware than ever that they need to look after their employees, not just physically but psychologically as well.
“Companies don’t just have a duty of care; they want to look after their employees as well. Medicash gives them the tools to do just that, allowing companies to promote health and wellbeing across their entire workforce, and more and more companies are seeing the positive results.” In March Medicash acquired the health, wellbeing and safety training provider Health@Work, who also own the nationally recognised Workplace Wellbeing Charter accreditation scheme.
‘Companies don’t just have a duty of care; they want to look after their employees as well. Medicash gives them the tools to do just that, allowing companies to promote health and wellbeing across their entire workforce.’ 33