While the company asserted that all its existing policyholders will remain fully protected until the policy’s renewal date, as of January 11, Globality Health is to stop offering any new UK IPMI business or renewal terms with start dates from 1 May onwards.
The change is expected to take until mid-2021 to complete, and Globality Health says that this will enable it to focus on other key markets such as Germany and Spain.
For existing customers, at renewal time a personalised communication will be sent to them, including the option to contact Bupa Global in the interest of electing Bupa Global as their new policy supplier.
Teresa Wighton, UK Group Sales Director, Bupa Global, said: "We are working with Globality following their decision to withdraw from the UK market and look forward to welcoming their customers to Bupa Global. We are offering Globality customers a comparable product so they can continue to be covered for IPMI and get access to leading healthcare, when they need it. We will ensure there is a smooth transfer and fast-track registration to Bupa Global."