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2015 Cost Of Living City Ranking: Luanda Is The Most Expensive City For Expatriates

Luanda, the capital of Angola, tops Mercer’s 2015 Cost of Living Rankings, and is the most expensive destination for expatriate employees in 2015. We ranked 207 cities worldwide based on a basket of goods and services frequently purchased by expatriates. Bishkek, Kyrgyzstan, has the lowest expatriate cost of living.

Just as foreign exchange costs create headwinds for many multinational organizations, currency fluctuations – driven by economic and political unrest – are contributing to the cost of expatriate packages for those on the front line of globalization of their organizations. Mercer’s 21st annual Cost of Living Survey finds that factors including instability of housing markets and inflation for goods and services impacts significantly the overall cost of doing business in a global environment.

“As the global economy has become increasingly interconnected, close to 75% of multinational organizations are expecting long-term expatriate assignments to remain stable or increase over the next two years to address business needs,” said Ilya Bonic, Senior Partner and President of Mercer’s Talent business. “Sending employees abroad is necessary to compete in markets and for critical talent, and employers need a reliable and accurate reflection of the cost to their bottom line.” 

According to Mercer’s 2015 Cost of Living Survey, Asian and European cities – particularly Hong Kong (2), Zurich (3), Singapore (4), and Geneva (5) – top the list of most expensive cities for expatriates. The costliest city for the third consecutive year is Luanda (1), the capital of Angola. Despite being recognized as a relatively inexpensive city, the cost of imported goods and safe living conditions in this country are available at a steep price.

Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Shanghai (6), Beijing (7), and Seoul (8) in Asia; Bern (9); and N’Djamena (10). The world’s least expensive cities for expatriates, according to Mercer’s survey, are Bishkek (207), Windhoek (206), and Karachi (205).

Mercer's authoritative survey is one of the world’s most comprehensive, and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city, and all cities are compared against it. Currency movements are measured against the US dollar.

The survey includes 207 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.

Aligning workforce and mobility strategies by ensuring the right employees are in the right places is more critical than ever to manage globalization,” said Mr. Bonic. “Properly compensating employees on international assignments is as important as it is costly.

According to Mr. Bonic, this is especially important for emerging mobility programs with smaller pools of candidates and higher business needs for sending employees on international assignments. It is essential that these organizations have accurate and transparent data as they consider how to compensate fairly and in line with market demands.

The Americas

Cities in the United States climbed dramatically in the cost of living ranking due to the strengthening of the US dollar against other major currencies. While New York (16), the highest-ranked city in the region, remained the same as last year, cities on the West Coast, including Los Angeles (36) and Seattle (106) climbed 26 and 47 places, respectively. Among other major US cities, Chicago (42) moved up 43 places, Washington, DC (50) moved up 42 places, Honolulu (52) moved up 45 places, and Houston (92) moved up 51 places. Cleveland (133) and Winston Salem (157) were among the less expensive cities in the US surveyed for expatriates.

Nathalie Constantin-Métral, Principal at Mercer with responsibility for compiling the survey ranking, said, “The sweeping rise in the rankings of US cities this year is due unquestionably to the strength of the US dollar compared to the other currencies around the world.

In South America, Buenos Aires (19) climbed 67 places to rank as the costliest city this year due to a strong price increase for goods and services. The Argentina capital and financial hub is followed by São Paolo (40) and Rio de Janeiro (67). Other cities in South America that rose on the list of costliest cities for expatriates include Santiago (70) and Managua (199). Caracas in Venezuela has been excluded from the ranking due to the complex currency situation; its ranking would have varied greatly depending on the official exchange rate selected.

Canadian cities dropped in this year’s ranking with the country’s highest-ranked city, Vancouver (119), falling 23 places. Toronto (126) dropped 25 spots, while Montreal (140) and Calgary (146) fell 17 and 21 spots, respectively. “The Canadian dollar continues to weaken against the US dollar, triggering major slips in this year’s ranking,” explained Ms. Constantin-Métral.

Europe, the Middle East, and Africa

Three European cities exist in the list of top 10 most expensive cities for expatriates. Zurich (3), the most costly European city, is followed by Geneva (5) and Bern (9). Switzerland remains one of the most expensive locations for expatriates due to the surge of the Swiss franc against the EUR. In looking again at the movement of the CHF against USD, the USD actually strengthened against the CHF, and not the opposite. Moscow (50) and St. Petersburg (152) dropped 41 and 117 spots, respectively, as a result of Russia’s ruble losing significant value against the US dollar, lower oil prices, and a lack of confidence in the currency following Western sanctions over the crisis in Ukraine.

Aside from cities in the United Kingdom, Western European cities dropped in the rankings mainly due to the weakening of local currencies against the US dollar. While London (12) remained steady, Aberdeen (82) and Birmingham (80) rose in the ranking. Paris (46), Vienna (56), and Rome (59) fell in the ranking by 19, 24, and 28 spots, respectively. The German cities of Munich (87), Frankfurt (98), and Berlin (106) dropped significantly as did Dusseldorf (114) and Hamburg (124).

Despite moderate price increases in most of the European cities, European currencies have weakened against the US dollar which pushed most Western European cities down in the ranking,” explained Ms. Constantin-Métral. “Additionally, other factors like the Eurozone’s economy, falling interest rates, and increasing unemployment have impacted these cities.”

As a result of local currencies depreciating against the US dollar, most cities in Eastern and Central Europe fell in the ranking, as well. Prague (142), Budapest (170), and Minsk (200) dropped 50, 35, and 9 spots, respectively, despite stable accommodations in these locations.

Tel Aviv (18) continues to be the most expensive city in the Middle East for expatriates, followed by Dubai (23), Abu Dhabi (33), and Beirut (44), which have all climbed in this year’s ranking. Jeddah (151) continues to be the least expensive city in the region despite rising 24 places. “Many currencies in the Middle East are pegged to the US dollar, which pushed the cities up in the ranking. Steep increase for expatriate rental accommodations particularly in Abu Dhabi and Dubai also contributed to the increase of the cities in the ranking,” said Ms. Constantin-Métral.

Several cities in Africa continue to rank among the most expensive, reflecting high living costs and high prices of goods for expatriates. Luanda (1) remains the most costly city in Africa and globally, followed by N’Djamena (10), Victoria (17), and Libreville (30). Despite climbing 5 spots, Cape Town (200) in South Africa continues to rank as the least expensive city in the region reflecting the weak South African rand against the US dollar.

Asia Pacific

Five of the top 10 cities in this year’s ranking are in Asia. Hong Kong (2) is the most expensive city as a result of its currency pegged to the US dollar and driving up the cost of living locally. This global financial center is followed by Singapore (4), Shanghai (6), Beijing (7), and Seoul (8) – all climbing in the ranking with the exception of Singapore which remained steady. Tokyo (11) dropped four places.

Japanese cities have continued to drop in the ranking this year as a result of the Japanese yen weakening against the US dollar,” said Ms. Constantin-Métral. “However, Chinese cities jumped in the ranking due to the strengthening of the Chinese yuan along with the high costs of expatriate consumer goods.

Australian cities have continued to fall in the ranking due to the depreciation of the local currency against the US dollar. Sydney (31), Australia’s most expensive city for expatriates dropped 5 places in the ranking along with Melbourne (47) and Perth (48) which fell 14 and 11 spots, respectively.

India’s most expensive city, Mumbai (74), climbed 66 places in the ranking due to its rapid economic growth,  inflation on the goods and services basket, and a stable currency against the US dollar. This most populous city in India is followed by New Delhi (132) and Chennai (157) which rose in the ranking by 25 and 28 spots, respectively. Bangalore (183) and Kolkata (193), the least expensive Indian cities, climbed in the ranking, as well.

Elsewhere in Asia, Bangkok (45) jumped 43 places from last year. Hanoi (86) and Jakarta (99) also rose in the ranking, up 45 and 20 places, respectively. Karachi (205) and Bishkek (207) remain the region’s least expensive cities for expatriates.

Mercer produces individual cost of living and rental accommodation cost reports for each city surveyed.



Preliminary First Quarter Commercial Aviation Safety Performance Data

The International Air Transport Association (IATA) released preliminary first quarter 2015 (January 1-March 31) commercial aviation safety performance data. The preliminary results are subject to revision based on the determination of the Accident Classification Task Force.

  • The first quarter 2015 preliminary global jet accident rate (measured in hull losses per 1 million flights) was 0.38, which was the equivalent of one accident for every 2.6 million flights. This was an improvement over the five year rate (2010-2014) when the global hull loss rate stood at 0.45 but above the full year 2014 rate of 0.23, which was the lowest in aviation history. 
  • The first quarter 2015 preliminary turboprop hull loss rate was 1.58, which was an improvement on the five year rate of 2.92 and the 2014 annual rate of 2.32. The first quarter all accident rate (jets and turboprops) for airlines on the IATA Operational Safety Audit (IOSA) registry was 2.11, which was nearly twice as good as the rate for non-IOSA airlines (4.10).
  • There were 6 hull loss accidents (3 jets, 3 turboprops) among 9.8 million flights (7.9 million jets and 1.9 million turboprops).

“Flying is safe. The industry has become so reliable in its safety record that relatively small variations in performance from year to year can skew the numbers. The safety performance over one quarter is insufficient to come to any conclusions. However, as the data fits within the five-year trend of improvement it reassures us that the industry strategy is driving us in the right direction,” said Tony Tyler, IATA’s Director General and CEO.

Aviation is never complacent in its approach to safety. Accidents are rare and each is thoroughly investigated to derive insight on how to make flying safer. Action following three recent tragedies illustrates this point:

  • Germanwings 9525: “Safety is the top focus of aviation professionals day-in and day-out. Yet the recent Germanwings tragedy has reinforced that aviation has no immunity to mental health issues,” said Tyler. IATA is participating in the US Federal Aviation Administration’s recently announced Aviation Rulemaking Advisory Committee (ARC) that is studying pilot emotional and mental health issues. “The ARC model is an excellent example of building standards and recommended practices through the collaborative sharing of expertise. This has been the industry’s model for decades and it has helped make aviation the safest form of long-distance travel the world has ever known,” said Tyler.
  • MH 370: In response to the disappearance of MH 370, IATA supports and is participating in the multi-national normal aircraft tracking implementation initiative (NATII) being led by the International Civil Aviation Organization (ICAO).
  • MH 17: Following the shooting down of MH 17, governments and the industry joined together to find ways to reduce the risk of overflying conflict zones. This includes better sharing of critical information about security risks to civil aviation. Additionally, IATA is calling for an international convention to manage the design, manufacture, sale, and deployment of anti-aircraft weaponry.

Strategy and Global Standards

Historically, the major thrusts for safety improvements have come through the well-established system of air accident investigations. As accidents become ever rarer, it is clear that sustainable future gains will come from a systemic, data-driven approach to safety that builds on continuous improvement supported by cooperation and partnership among safety stakeholders. A global perspective that develops standards through the sharing of expertise is vital to this strategy.

Adherence to global standards and recommended practices are a pre-requisite to safety. To strengthen IOSA, the global standard for measuring operational safety, IATA is transitioning this year to Enhanced IOSA, which introduces continuous monitoring across the two-year audit cycle. This is moving IOSA from a once-every-two-year snapshot to a continuous management process.

IATA has also launched the IATA Standard Safety Assessment (ISSA), which is intended for operators that are not eligible for the IOSA, either because they operate aircraft that have a maximum take-off weight below the 5,700 kg threshold for participation in IOSA or because their business model does not allow conformity with IOSA’s standards.

Audit programs such as Enhanced IOSA and ISSA are an important element of IATA’s Six Point Safety Program, a comprehensive data-driven approach to identify and address organizational, operational, and emerging safety issues:

  • Reducing operational risk
  • Enhancing quality and compliance through audit programs
  • Advocating for improved aviation infrastructure, such as the implementation of performance-based navigation approaches
  • Supporting consistent implementation of Safety Management Systems
  • Supporting effective recruitment and training to enhance quality and compliance through such programs as the IATA Quality and Training Initiative and ICAO’s Multi-crew Pilot License
  • Identifying and addressing emerging safety issues, such as lithium batteries
    Underlying this foundational approach to safety is the Global Aviation Data Management (GADM) program, a comprehensive safety data warehouse. GADM includes analysis reports covering accidents, incidents, ground damage, maintenance, and audits, plus data from nearly 2 million flights and over 1 million air safety reports. More than 470 organizations, including more than 90% of IATA member airlines, are participating in at least one GADM database.

“While we must always try to be ready for the unexpected, future safety gains will come increasingly from analyzing data from all flights, not just the infinitesimal percentage of flights where something goes wrong. GADM will guide us to apply our resources where they can have the biggest impact on safety.” said Tyler.


Cigna Global Individual Private Medical Insurance Renew Annual Advertising Deal With iPMI Magazine For 3rd Consecutive Year

International Private Medical Insurance Magazine is proud to announce that Cigna Global Individual Private Medical Insurance, a leading global underwriter of individual expatriate health insurance plans, has renewed its partnership with us for the 3rd consecutive year.

Cigna specialise in providing expatriate health plans that are designed to give comprehensive overseas medical cover for people who are living and working abroad. Our core International Medical Insurance  plans give you and your family cover for essential hospital stays and treatment, cancer and psychiatric care.

Maternity cover is also included in our Gold and Platinum plans. Our core plans can then be supplemented with a range of optional benefits which include International Outpatient, designed to cover outpatient treatment and prescriptions. Cigna Global Health Options also offer International Medical Evacuation, International Vision & Dental and International Health & Wellbeing - optional benefits that can be added to your core plan.



ING Group Injects EUR 57 Million In NN Group To The Benefit Of NN Bank To Fulfil EC Commitment On Capitalisation Of NN Bank

ING Group has made a capital injection into NN Group of EUR 57 million by subscribing for newly issued shares for an aggregate amount of EUR 57 million and ING has provided NN Bank a EUR 63 million facility which allows the bank to draw additional Tier 1 capital.

With this provision of capital, ING Group fulfils a commitment to the European Commission (EC) pertaining to the capitalisation of NN Bank, which is included in the EC decision of 16 November 2012. That decision required ING Group to create a competitive bank in the Netherlands separate from ING Group.

With these transactions, ING Group has achieved full compliance with the EC commitment on the capitalisation of NN Bank. The transactions have no material impact on the capital position of ING Group and no impact on the capital position of ING Bank. The capital injection of EUR 57 million into NN Group has been made against the issuance of 2,178,899 ordinary shares in NN Group at a price per share of EUR 26.16, equal to yesterday's closing share price. The shares acquired by ING Group are not subject to a lock-up.

NN Group has used the proceeds to make a capital injection of EUR 57 million in NN Bank. As a result of this transaction, NN Bank's phased-in common equity Tier 1 ratio has increased from 13.8% to 15.7% on a pro-forma basis as at 31 March 2015. The EUR 63 million facility gives NN Bank the unconditional right to draw down additional Tier 1 capital from ING until 31 December 2018 at prevailing market terms. The transaction announced today raises ING's stake in NN Group slightly, to 54.8%. As announced previously, ING Group intends to divest its remaining stake in NN Group over time, in line with its strategy to divest all of its insurance and investment management businesses.


Healix Wins Global Health And Wellness Award

Healix International has taken the ‘Global Health and Wellness awardat the prestigious Relocate Global Awards held in London.

The Global Health & Wellness award is now in its second year with entry open to the wide range of companies that supply health and wellness solutions, as well as employers’ in-house wellness schemes.

Healix International, which won for the second time, provides medical, security and travel assistance services.  Its entry showcased its Global Travel Risk Management service – described by the judges as “a cost-effective and integrated service operating in challenging locations” – which is designed to help employers to fulfil their duty of care towards staff travelling and working abroad.

In the entry, said the judges, relevant factors and potential pressure points were highlighted, clearly related to relocation and the issues of risk and duty of care.

They added, “Duty of care is an important area that all companies have to address, and by combining medical care, risk management and health screening, with a point of contact for each case from end to end, Healix provides a very personal service for client companies and their employees.”

Dave White, Global Director of Sales & Marketing at Healix International said, “We are delighted to have won the Relocate Global Health and Wellness Award for the second year running.   We pride ourselves on service excellence and it is gratifying to have our global travel risk management service recognised with this award. 

“By co-ordinating all services needed for travel, health and security risk management through one central point, we are able to help our clients fulfil their duty of care and ensure that their employees get the most appropriate support and protection whilst working abroad.  This Award is a testament to the hard work of the whole team.”

To find out more about Healix International visit their micro website on iPMI Magazine, click here now.



Jelf Group plc: Interim Results For The 6 Months Ended 31 March 2015

Jelf, an independent full service UK based brokerage that supports businesses and individuals, announces its interim results.

Financial highlights 

Strong financial performance continues:

  • Revenues 11.0% ahead of last year at £43.7m (2014: £39.3m)
  • EBITDAE pre-share costs increased by 24.6% to £8.1m (2014: £6.5m)
  • EBITDAE margin pre-share costs increased by 12.3% to 18.5% (2014: 16.4%)
  • Fully diluted Earnings per Share increased by 12.8% to 1.67p (2014: 1.48p)
  • Interim maiden dividend of 0.8p

The business continues to be cash generative and £2.5m of debt has been repaid early:

  • Net debt is £27.6m (excluding deferred consideration net debt is £15.2m) compared to net debt of £13.1m (excluding deferred consideration net debt is £8.9m) at 31 March 2014 reflecting the acquisition of The Beaumonts Insurance Group in December 2014.

Operating highlights

  • Organic growth achieved of 4.2% (excluding the impact of acquisitions)
  • The Insurance business EBITDAE has increased by 18.2% to £5.3m (2014: £4.4m)
  • Employee Benefits EBITDAE has increased by 27.2% to £1.7m (2014: £1.4m)
  • Financial Planning EBITDAE has increased by 167% to £299k (2014: £112k)
  • Margins continue to improve whilst at the same time investment continues to be made in both sales capability and infrastructure
  • Jelf Insurance Partnership delivered £5.2m of revenues (2014: £4.7m) and £762k of EBITDAE (2014: £550k). It is on track with expectations and capturing the expected synergies of the acquisition
  • The Beaumonts Insurance Group, acquired in December 2014, is trading strongly and capturing the acquisition synergies ahead of expectations
  • Awarded Investor in Customers highest ‘3 Star’ accolade for client service for the third year running

Commenting on the results Alex Alway, Group Chief Executive, said, “I am pleased that all our businesses are trading strongly and outperforming last year and we expect to continue this trend in the second half of the year. Our acquisitions are integrating well into the Jelf business and delivering positive benefits.”


New Protection System Helps Advisers Protect More Lives, More Easily

Aviva has launched a new dedicated protection system to help advisers protect more lives, more easily. Called Aviva Life Protection Solutions (ALPS), the new end to end platform represents the largest change to happen in the Aviva protection business for many years.

With more people than ever taking steps to protect their families from the unexpected by taking out life insurance, income protection and critical illness cover, Aviva’s new ALPS system provides advisers with a user-friendly, interactive and intuitive way to help clients get tailored protection cover, whoever they are and whatever their needs.

Key features of ALPS include:

  • At the heart of ALPS is a slicker, quicker ‘quote and apply’ system. With multi-product applications advisers will, for the first time, be able to offer clients income
  • protection, life insurance and critical illness cover on the same application.
  • Signature free applications (e-sigs) for own life cases makes the application process simpler and quicker.
  • Aviva quotes multi-product quotes are now available on all major portals. See ‘quote and apply in action’ video here.
  • Using a bank of over 500,000 questions, 600 different conditions, interactive underwriting mode is expected to produce 75% immediate acceptances, giving more certain customer outcomes, immediately.
  • Nine out of 10 customers can also expect to receive a decision based on application alone [no further evidence required] within 24 hours.
  • Extra and quicker commission payments for advisers using interactive underwriting.
  • New end-to-end system is accessible through one single portal (Aviva for Advisers website) making it quicker and easier than ever to provide clients with all the cover they need, instantly.
  • A broad range of flexible, new protection products for Life, Critical Illness and Income Protection cover will allows advisers to provide clients with tailored solutions to meet their changing needs, both now and in the future (See Technical Guide to Protection)
  • New and improved features, like family income cover on Life and Critical illness options, and comprehensive critical illness cover for 56 conditions, as well as up to £3 million sum assured, makes a more flexible and appealing offer for customers.
  • Quick and easy, real-time case tracking provides advisers with the ultimate control 24/7. Self service status; progress and ‘next action’ reports and the ability to view and download case documents instantly, gives advisers the information they need, when they need it, to manage their business efficiently.

Louise Colley, protection director at Aviva says, “Protection is the bedrock of financial planning, giving people the confidence to build their futures without fear of the unknown.  We believe everyone deserves to understand both the financial risks they face, and the importance of protection.  

“The introduction of Aviva Life Protection Solutions has helped us transform the way advisers do business with us so they can protect more lives, more easily.

"ALPS is an intuitive and interactive system which I’ve no doubt will save advisers valuable time and money, at the same time as better identifying customers’ protection needs and providing them with that all-important peace of mind.

“By totally re-engineering our system, the journey from quote through to claim is much cleaner and easier to navigate and this will revolutionise how advisers will write protection business with us in the future.”

Access to the new ALPS digital services and Aviva’s complete (online) product range is available through all major portals including Aviva for Advisers, using existing sign on details. Available free of charge to all Aviva for Advisers registered users, advisers have everything they need to fully support and service their clients quickly and securely.


Anthem Expands Affordable Mountain Health Plan To Small And Large Employers

Anthem Blue Cross and Blue Shield in Colorado (Anthem) announced the expansion of its new lower cost mountain health plan, created in partnership with a community hospital in Eagle County and the region’s leading health care provider, to large and small group employers.

Anthem in January began selling a new health plan created in collaboration with Vail Valley Medical Center in Eagle County and Centura Health -- which includes St. Anthony Summit Medical Center, Mercy Regional Medical Center and a network of about 75 providers in Summit, La Plata and Montezuma counties – to individuals purchasing insurance on and off the Colorado health exchange marketplace. The expansion now allows small and large employers in Eagle, Summit, La Plata and Montezuma counties to purchase Anthem’s Mountain Enhanced HMO plan effective July 1.

Mountain Enhanced is exclusive to the Centura Health network and Vail Valley Medical Center, and brings together three organizations committed to finding ways to enhance the availability of, and accessibility to, quality health care services across the full continuum of need at reduced costs. This plan helps to keep health care local, giving residents the ability to receive care from physicians and providers in the communities where they live and work, while addressing the high health insurance premiums in Colorado’s mountain communities.

“Anthem is very pleased with the reception Mountain Enhanced has received from individual consumers, which is why we’re excited to expand it to an even broader market as part of our commitment to ensure that high quality, high value health care remains accessible and affordable throughout Colorado,” said Mike Ramseier, president and general manager, Anthem Blue Cross and Blue Shield in Colorado.

“We continue to find ways to expand our partnership to support accessible health care solutions for our mountain communities,” said Gary Campbell, president and CEO, Centura Health. “By expanding this plan, we are helping to improve their access to high-value care, at an affordable cost in their own community.”

Mountain Enhanced Blue will include Anthem’s unique benefits such as its 24/7 nurse line and 360 degree health and wellness programs like Condition Care, which helps members with complex medical conditions receive help following their doctor’s care plan.

“As Eagle County’s nonprofit community hospital, we are committed to finding viable initiatives to address rising health insurance premiums,” says VVMC President and CEO Doris Kirchner. “Mountain Enhanced is a good option for businesses to provide quality healthcare close to home and at a reduced premium.”




Traveling Abroad with Confidence: ACE Provides Essential Tips for Overseas Business Travel

Multinational business travel is an important part of a growing global economy, but the potential for peril is immense — from becoming seriously ill far from home, to being stranded following a natural disaster. Recognizing that existing dangers only increase when travelers are unaware and unprepared, ACE Group today released a tip sheet that identifies several travel scenarios and the proactive steps organizations can take to help mitigate the associated risks.

Developed by ACE’s Accident and Health division, Safety Tips for Business Travel offers concise recommendations for safeguarding your employees and your organization in a variety of travel situations, including:

  • Protecting employees and limiting business interruption in the event of a natural disaster
  • Ensuring all employees receive the same protection worldwide, regardless of their home country
  • Protecting employees while traveling on the road and in the air
  • Ensuring the safety of employees and their belongings in a hotel

“ACE has helped hundreds of organizations protect employees who are traveling abroad. We understand the risks of business travel, from everyday hazards to worst case scenarios, and realize it can be as stressful as it is necessary,” said Joseph Weiss, Vice President, ACE Accident & Health. “I’m excited that we can offer these valuable tips to help organizations identify and mitigate potential risks before they happen. Our experience has shown us that the more proactive you are in planning a safe and secure business trip, the more successful it will be.”

To access this document, please visit our website. For more information about ACE’s multinational travel accident and sickness products and services, visit

The material presented in this document is not intended to provide legal or other expert advice. It is presented as information only. Readers should consult legal counsel or other technical experts, as applicable, with any specific questions they may have.


UPMC Health Plan Earns A- (Excellent) Rating from A.M. Best

UPMC Health Plan has retained its financial strength rating of A- (Excellent) from A.M. Best the world's oldest and most authoritative insurance rating and information source.

The A- (Excellent) rating with a stable outlook applies to UPMC Health Plan (HMO and commercial plans) and its affiliates UPMC Health Network (PPO products) UPMC for You (Medicaid) and Community Care Behavioral Health Organization.

The ratings are a reflection of what A.M. Best described as UPMC Health Plan's "strategic role" as the managed care affiliate of UPMC a fully integrated health care delivery system that "is formed around one of the nation's premier academic medical centers."

"UPMC Health Plan(s) continues to demonstrate solid consolidated underwriting and net income supplemented by expansion of its geographic footprint outside of its core market of western Pennsylvania" A.M. Best said in announcing the ratings. The rating service also cited UPMC Health Plan's "strong membership and premium growth" across its diversified business lines.


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