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Premiums for trauma insurance jumped to $181 million from $156 million in the past year. 31% of people that responded to an AIG survey had taken up a trauma policy this year compared to 15% in 2007 and 9% in 2005.
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Mike Loftus, AIG’s head of marketing said “People are cutting back on their full-coverage in favour of policies like trauma, and are starting to use the public health system for anthing that’s critical.
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Trauma policies have seen a rapid rise , and are predicted to be an area of growth for the industry.
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Source www.goodreturns.co.nz/article/976495493/big-growth-in-trauma-sales.html