Males and females’ patients diagnosed with colorectal cancer
Among adult males and females’ patients diagnosed with colorectal cancer, does the use of exercise-based therapy as compared to usual activity result in a difference in pain levels?
of MPI’s external environment reveals there are several important factors that may impact business activities such as Brexit, currency fluctuations in relation to sterling, climate change, and an aging population.
Brexit
Brexit may impact how readily people are able to visit countries such as a possible need for visas, restrictions, etc. As MPI works B2B with many chalets and resorts in Europe, these changes could be potentially detrimental for business. MPI Brokers says that while the future of the European Health Insurance Card is uncertain, that “insurance policies (e.g. travel and tour operator liability), however, will remain in force after [the UK] exit[s] the EU, but premiums are likely to rise over time” (2019). If premiums increase, people may choose to go to a competitor who offers more affordable policies.
UK Economy and Currency Exchange Rates
The future of the British economy is uncertain which may impact people’s income or cause a recession. If people have less disposable income then they may not book as many holidays, meaning that there would be fewer people buying travel insurance which would decrease sales and profit. Also, if exchange rates fluctuate then it may be a deterrent to those who would have previously vacationed somewhere where the pound was stronger.
Climate Change
Now more than ever there are growing concerns about the environment. Air travel is a heavy pollutant and there may be new policies that tax customers more for their airline ticket to help the environment. This would make travel more expensive and potentially deter people from going on vacation, therefore MPI would be selling fewer policies. In addition, as climate change worsens, there may be increasingly irregular weather more natural disasters which would also deter potential travellers.
Aging Population
As the population ages, there are more people nearing their retirement age. Retirees often choose to spend more of their time and money on holidays, whether they be weekend retreats, visiting grandchildren, or spending the winter months in warmer destinations. This would be beneficial to MPI as more people would be purchasing holida