Strategic Report

Principal activities and business model

The principal activities of The Exeter are the provision of Private Medical Insurance (PMI), Income Protection (IP) and Life Insurance insurance policies to its members. We also offer Health Cash Plans (HCP). The Directors consider that all the activities undertaken by the Group during the year were within its Rules and any relevant regulatory permissions.

The Exeter’s insurance businesses consist of both general and long-term elements, the former represented by its books of PMI and HCP business and the latter through its IP and Life Insurance policies. All insurance policies are underwritten and administered by The Exeter and sales of new policies are distributed primarily through financial advisers and broker networks.