New Insurance Partnership
Personal Group Holdings Plc has announced a new strategic partnership with Simplyhealth, aiming to enhance employee wellbeing across the UK by making healthcare and financial protection more accessible. This collaboration will allow Personal Group to engage with Simplyhealth's 12,000 business relationships to offer both organisations' insurance plans, including Personal Group's employee-paid financial protection and Simplyhealth's healthcare and dental plans. This partnership represents Personal Group's second insurance alliance, facilitating accelerated access to UK employees and supporting the company's growth strategy. The announcement is classified as a Reach announcement, meaning it is not considered material or to have a significant impact on the company's performance expectations.
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Personal Group Holdings Plc (AIM: PGH), the workforce benefits and insurance provider, today announces a new strategic partnership with Simplyhealth, the UK's leading healthcare services and cash plan provider. The collaboration brings together two purpose‑driven organisations united by a shared mission: to make essential healthcare and financial protection more accessible and affordable for employees across the UK.
Through the new partnership, Personal Group will be available to deliver face-to-face employee engagement for Simplyhealth's 12,000 business relationships, to support the sale of insurance plans from both organisations. These include Personal Group's employee‑paid plans, which provide financial protection for employees during periods of ill‑health, alongside Simplyhealth's healthcare and dental plans, including the market‑leading Denplan. This combination of offerings creates a holistic proposition for employers, combining the cost of healthcare with protection against loss of income.
This is Personal Group's second insurance partnership, providing accelerated access to UK employees within core sectors, augmenting the Group's expansion opportunity.
Simplyhealth currently supports over 2.5 million members through its health and dental plans, delivered both directly to consumers and through employer relationships. With over 12,000 corporate client relationships, the organisation plays a pivotal role in enabling people to access everyday healthcare services quickly and affordably.
Paula Constant, Chief Executive Officer at Personal Group, said "both companies are committed to improving the health and financial resilience of employees, and by bringing together Simplyhealth's everyday healthcare solutions with Personal Group's financial protection products and our unique one‑to‑one engagement model, we can make a real and measurable difference to people's lives. Partnerships such as these are a key part of our growth strategy, providing accelerated access to employees within our target sectors.
"This partnership allows us to broaden the help we offer to the workforce - ensuring employees not only get access to the care they need but also receive financial support when health challenges affect their income."
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