£1bn of savings provided by the mutual sector

Life insurance

28 September 2023

In light of increasing concern surrounding the pressure on public health services in the UK, OAC has published an update to our 2017 research into the mutual sector's contribution to savings in the NHS, the Welfare State and to employers and individuals, through the provision of health cash plans, private medical insurance policies and income protection policies.

The research has highlighted the importance of the sector and these products in ensuring individuals remain healthy and productive. Almost £1bn a year of savings are identified from the work of mutual health and protection providers. 

OAC has been supporting the mutual sector for over 20 years with actuarial and risk management expertise.  The experience, knowledge and qualities of our consultants are reflected in the number of firms they support. We are proud to be recognised as a leading and trusted advisor on the issues and challenges that are faced by the sector - relationships we are proud to continue under new ownership and as a member of the Broadstone Group.

The report is accessible via this link.  

Cara Spinks

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Cara Spinks
Head of Insurance Consulting

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