Birmingham-based health insurance provider BHSF has announced its results for 2015, during which total revenue grew by 6.2 per cent and the bottom line strengthened the Group’s reserves by £967,000.
New applications in BHSF’s health insurance division went up by 12 per cent and the strong growth is projected to continue into 2016.
The acquisitions of WellWork and M3OH strengthened BHSF’s occupational health business and helped attract an increasing flow of new customers. Aside from successful business operations, BHSF has also maintained a strong presence in supporting the community through its corporate social responsibility programme.
In February 2016, BHSF appointed Jane Dale as chairman to succeed Dr. Paul Kanas who retired at the end of 2015.
Group CEO Peter Maskell said: “BHSF’s rounded health and wellbeing proposition sets us aside from our competitors, none of whom have such a wide range of products and services across health insurance, employee benefits, occupational health and HR support services. Further, being a not-for-profit business means we can give added value.
“We are currently in discussions with two further occupational health businesses which, if successful, will give us the nationwide coverage we have been seeking.”