Medicash’s dealer commissions broke the £1m mark for the
first time in 2018 to achieve £1,zero69,000.
The money plan supplier bought 69,000 insurance policies final 12 months,
with premium earnings rising by £1.9m, or 7.5%, to £27.5m.
Two thirds of all new enterprise got here through an middleman.
Greater than 400,000 claims had been paid, half of which had been
submitted through the Medicash App. In whole, 96.three% of all claims obtained in 2018
had been paid.
Paul Gambon, gross sales and advertising director at Medicash,
stated it’s nice to see companies are nonetheless investing within the well being and
wellbeing of their staff.
“There was an enormous drive in worker wellbeing over
the final 10 years and firms are extra conscious than ever that they should look
after their staff, not simply bodily however psychologically as effectively,” he
In March, Medicash acquired the well being, wellbeing and
security coaching supplier Well being@Work, which additionally owns the Office Wellbeing
Constitution accreditation scheme.
In 2017 the Medicash board determined to donate its full
technical account surplus to its Charitable Basis. This was
replicated once more final 12 months with a technical surplus of £822,000 being
transferred to The Medicash Basis to assist a variety of well being and
wellbeing targeted charities and initiatives.
The Medicash Basis has just lately supported initiatives
akin to coaching 100 new volunteers for the Samaritans, coronary heart screenings for
younger folks aged 15 to 35 and a wide range of homelessness and meals poverty