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The second largest UK medical insurer, AXA PPP were established in 1940 as the London Association for Hospital Services. The first plan, called The Hospital Services Plan, was launched in 1943. Subscriber numbers grew until in 1962 the name was changed to Private Patients Plan
By 1984, through the introduction of innovative schemes, over one million people were covered by Private Patients Plan. In 1993 Denplan, the UKs largest dental insurer was acquired During the mid 90s further developments were made with the introduction of employee assistance programs just one example of a broadening of the health offering. In 1998 Private Patients plans were acquired by Guardian Royal Exchange, but as a mutual with no shareholders the proceeds (£540 million) went to the PPP healthcare medical trust, established since 1975 to aid medical research
In 1999 Guardian Royal Exchange was acquired by a subsidiary of AXA and in 2002 Private Patients Plan was renamed AXA PPP healthcare
AXA PPP say about their healthcare insurance
" AXA PPP healthcare is one of the largest, most experienced private medical insurance providers in the UK. We have been helping people to access the medical care they need for over 70 years and paid out £793.6m in healthcare benefits in 2009.
By choosing us you’ll benefit from a network of over 250 hospitals and almost 400 scanning centres – all specially selected because of their quality and the range of services they can offer" Fitch Rating (Insurer Financial Strength) AA- (20/03/2009)
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