th 2016 An introduction to the BIBA Medical Travel Insurance Scheme Garry Nelson Head of Marketing AllClear The insurance specialist for customers with preexisting medical conditions ID: 791710
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Slide1
Webinar Presentation Friday May 6th 2016 An introduction to the BIBA Medical Travel Insurance Scheme Garry Nelson, Head of Marketing, AllClear
Slide2Slide3The
insurance specialist
for customers with
pre-existing medical conditions.
Our mission
is to help anyone with
pre-existing medical conditions
to get the insurance they want and need. We’re single-mindedly passionate about offering value to customers of any age, with any condition. Our heritage in travel insurance means that we help customers travel anywhere in the world.
Slide4Based in Romford, Essex.
Founded in 2000
now employing over 120 people.
Provider of
BIBA Medical Travel Insurance Service
since April 2011.
Only two underwriters in 16 years, with current providers
Mapfre recently
committing to a 5 year renewal deal.
An approved signposted provider for BIBA’s Find a Broker Scheme.
Slide5Who we cover
Any medical condition -
1300
different medical conditions covered since
2000.
Any Age –
No Age limits
on single trip and annual multi-trip policies.
Anywhere –
We don’t exclude any destination
(unless FCO advises
against travel.)
Individuals, couples, families
and groups of up to 10.
People taking cruises
– we recently launched a dedicated cruise portal
offering AllClear Gold and Platinum products.
Slide6Mr H
(
Cheshire):
Blocked arteries,
ischaemic
heart disease,
c
oronary
angioplasty, angina, cholesterol,
arrythmia
, pleural plaques
Mrs H:
A
cid reflux
Case studies
Mr N
(Yorkshire): Prostate cancer,
TIA
Mrs N
Coronary artery stent,
angioplasty HBP and cholesterol
Mrs W (Newtownabbey, N. Ireland): Breast cancer Mr W Triple heart bypass, TIA, arrhythmia, dementia, HBP & cholesterol
Annual WW inc. N. America Premium - £1,932
Cruise Annual
WW inc. N. America
Premium - £1,632
Annual WW inc. N. America Premium - £1,606
Slide7Our growing market!
The demographics of our target market show that there is a
direct correlation between medical conditions and age
.
The UK travel market is estimated to generate in excess of
60M
overseas trips per annum* generating circa
£745M GWP
.
The UK population is growing older with statistics showing that by
2025 over 60s will account for 27%*
of the population (18.5 Million).
In the UK there are over
17m people
living with some form of medical condition.
30% of policies
bought are in the
medical/age market.
There are over
11M
people currently
over the retirement age
which will grow to
14M by 2025
. 2/3rds of net disposable income in the UK is held by the over 50s.*ONS 2014
Slide8Why BIBA use us? They need to give their members access to a product solution for every query they might get.They need a broker solution using a trusted partner that is easily accessible and relatively simple to use.They need to provide commercial opportunities for their members.
Slide9We built the back-end system that powers the: BIBA Medical Travel SchemeDedicated website for BIBA brokers – accessed via www.allclearbiba.co.uk
What we do for BIBA Brokers
Slide10Register on allclearbiba.co.uk!Video link: http://bit.ly/1Nau0zI
Slide11How much can you earn? BIBA brokers earn 22.5% commission less IPT. In the period Apr 15 to Jan 16 – 1345 policies were sold
(
increase of 25%).
BIBA brokers received over
£100k
in commission Apr 15 to Jan 16.
Average commission per policy was
£77.
Slide12BIBA Conference 2016. Come and say “Hi”. Stand G3.
Slide13Any questions?