In A Closed Door Exclusive Round Table Business Forum iPMI Magazine Spoke With Industry Leaders From The International Assistance Market. The 1st In A Series Of VIP Assistance Round Table Business Forums, we focus on the definition of assistance in 2014 including service capability, geographic reach, memorable cases, custom networks,...
In a Closed Door Exclusive Round Table Business Forum 2012, iPMI Magazine Spoke with Industry Leaders from the Private Medical Insurance Market. Get the Inside Track on Expat Health Insurance from the Experts. Moving a business into new uncharted waters where your native tongue may not be the local language,...
1st Edition of iPMI Magazines Medical Insurance Broker and Intermediary eZINE, iPOLICY. Rounding up last quarters most important International Medical Insurance Plan and Product News, iPOLICY is the essential digital report designed specifically for Brokers and Intermediaries by Leading Global Insurance Companies. Read Now
January performance data shows a strong rise in air freight growth compared to a year ago. Global freight tonne kilometers (FTKs) rose 4.5% in January compared to January 2013. This is a significant acceleration on the 2.2% year-on-year growth rate recorded in December, and is well above the 1.4% full-year growth reported for 2013 as compared to 2012. Growth was solid across all regions, with Middle Eastern carriers growing the fastest (10.7%). European airlines continued to benefit from Europe’s recovery from recession, posting 6.0% growth. Carriers based in the Asia-Pacific region, which account for nearly 40% of the global air freight market, reported 3.8% growth. This represents a major improvement over the 1.0% contraction in 2013. “The improvement in demand is good news. It is a step-up in pace from the mild strengthening that we saw towards the second half of 2013. And in real terms, volumes are similar to the 2010 post-recession peak. But there is also ample reason to be cautious. Protectionist measures are part of the reason for a slower expansion of world trade than we would expect from current levels of industrial production. Companies continue to re-organize supply chains in their efforts to move manufacturing on-shore,” said Tony...
Global insurance companies seeking to expand their businesses are increasingly looking to a new wave of rapid-growth markets (RGMs) as well as the BRICs. According to EY’s Waves of Change: The shifting insurance landscape in rapid growth markets report, China will continue to play an dominant role in driving premium growth in international markets but new emergers such as Mexico, Thailand, Colombia and Indonesia are offering valuable long-term opportunities. The report features a risk-opportunity matrix ranking 21 rapid-growth markets in terms of their future prospects for insurers, based on projected economic and premium growth until 2020, financial stability, regulatory change, macroeconomic volatility, liquidity risk and other factors. Opportunities for global expansion into new markets represent a powerful force accelerating the growth in insurance premiums today – especially as economic performance languishes in much of the developed world. Shaun Crawford, EY’s Global Insurance Leader, comments, “The overall contribution of rapid-growth markets to insurance premium growth will continue to be very significant. Some of the larger economies, such as Brazil, Russia, India and China, appear to have entered a period of slower growth but they continue to possess high, long-term potential. And new waves of market liberalization and rapid consumer adoption of new technologies are...