Last updated on April 24, 2014 at 17:35 EDT

Pacific Prime Reports Below Average Annual Increase Rate for AXA PPP

November 15, 2012

HONG KONG, Nov. 15, 2012 /PRNewswire/ — Pacific Prime can continue to offer its customers paired with AXA PPP affordable rates as their annual increase rate has come in at just 8%, well below the past 5 year global medical inflation average of 11%.

Pacific Prime’s sales of AXA PPP policies are up almost 300% for the past 12 months, mainly due to AXA PPP’s excellent premium management and good value for money principles. Further to this, AXA PPP has also made some important changes to the plan benefits in the recent past making the plan far more attractive to Pacific Prime clients.

For example, Pacific Prime will now be able to offer its AXA PPP customers better Chronic Condition coverage as the insurer will no longer place as many restrictions around this type of treatment, this is essential to a high quality medical plan. AXA PPP has also added new Dental plan options and more flexibility across their Standard plan giving Pacific Prime client’s great choice.

Pacific Prime feels these changes are very positive and is of the opinion that AXA PPP’s general service standards are definitely improving. Mr. Owen Ryan, Pacific Prime’s Head of Operations confirmed this and stated; “AXA PPP has improved its service standard rather a lot in the past 12 months and we have really noticed this. They are still not near the top … but we are encouraged that they are listening, investing and delivering on these issues and we expect even better results in the future.”

On a less positive note, Pacific Prime’s Greek customers will now have to undergo an extended maternity plan waiting period before they can start receiving coverage. Pacific Prime is unsure as to what the reason behind this is but suspects AXA PPP is trying to reduce their exposure to Greece due to its current economical climate.

Aside from this, Pacific Prime is confident that its clients attached to AXA PPP policies will continue to receive high quality, affordable care and that there are still more positive changes to come in the future.

SOURCE Pacific Prime

Source: PR Newswire