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ACE Life Launches Three New Flexible Insurance Products

ACE Life, the global life insurance division of ACE Group, today announced the launch of three new products - ACE Accident Guard Plan, ACE Golden Touch Saver Plan II and ACE Golden Touch ULife Plan II in Hong Kong. The three new products reflect ACE Life's focus on providing customers with more flexible insurance solutions to help build a secure and successful future.

ACE Accident Guard Plan is a comprehensive personal accident insurance plan with triple indemnity, which is rare in the market, for flight accidents. Plane crashes are making the news more frequently and this plan offers customers peace of mind with a one-stop solution, with a fixed premium payment period as short as 10 years for accident protection for themselves and their loved ones. Customers can enjoy comprehensive protection against total and permanent disability as well as accidental death and accidental dismemberment including also major burns and insanity.

In addition, ACE Life has also revamped its universal life plans, namely the ACE Golden Touch Saver Plan II and ACE Golden Touch ULife Plan II, to offer flexible solutions for life protection and wealth accumulation. Customers can receive a super bonus of up to 6% of one year's basic premium upon any successful application for a designated ACE Golden Touch Saver Plan II from now until 30 June, 2015.

The ACE Accident Guard Plan and ACE Golden Touch Saver Plan II, together with the ACE Golden Touch ULife Plan II, offer comprehensive benefits, with the following features:

ACE Accident Guard Plan Product Highlights:

  • Payment period as short as 10 years covering lifetime protection for accidental death up to the age of 100, and accidental dismemberment, total and permanent disability up to the age of 75
  • Triple Indemnity will be offered in the event of death or dismemberment due to accidents whilst travelling as a fare-paying passenger on any scheduled commercial airline
  • Cash benefit will be paid upon non-accidental death, surrender or maturity starting from the end of the 3rd year policy
  • Worldwide emergency assistance services cover provision of medical evacuation and repatriation when travelling outside one's country of residence

ACE Golden Touch Saver Plan II Product Highlights:

  • Customers could receive crediting interest compounded daily and special Interest which will be credited every 5 years starting from the 10th policy anniversary and on policy maturity
  • Flexible premium payment options of 5/10/20 years for selection, with an extra bonus offered every 5 years upon the 10th policy anniversary onwards
  • A minimum interest rate of 3% per annum will apply with regard to the account value payable upon policy surrender, maturity or insured's death when the policy has run for 12 years or more
  • Flexibility to exercise annuity option to receive a fixed monthly income up to the age 105 or death, whichever is earlier

ACE Golden Touch ULife Plan II Product Highlights:

  • Customers could receive crediting interest compounded daily and special Interest every 5 years starting from the 15th policy anniversary and on policy maturity
  • Customers can enjoy an extra bonus of 3%/4%/5% at the 10th/15th/20th policy anniversary and every 5 years thereafter
  • A minimum interest rate of 3% annually will apply with regard to the account value payable upon policy surrender, maturity or insured's when the policy has run for 12 years or more
  • Flexibility to make optional unscheduled contributions on top of regular payments of the basic premium of protection-oriented option

Ms. Diana Kwan, Chief Partnership & Marketing Officer of ACE Life in Hong Kong, said, "Changes or mishaps can happen when you least expect them. As a result, we are committed to developing and enhancing our products so that they provide customers with the most comprehensive protection to cope with loss of life or money resulting from accidents. With a fixed premium period as short as 10 years, we offer accident plans for up to the age of 100 to protect customers throughout their lives. Our two universal life plans are designed to help customers fulfill their protection needs and grow their accumulated wealth at attractive returns with greater flexibility to meet their changing needs at different life stages."

SOURCE: https://ipmimagazine.com/medical-health-insurance/en/health-medical-travel-expatriate-insurance-product-news/item/3455-ace-life-launches-three-new-flexible-insurance-products

 

 

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PNB MetLife Forays Into Health Insurance Segment

  • Launches its first benefit based health product – MetLife Major Illness Premium Back Cover;
  • Covers 35 illnesses with a return of premium option;
  • Insurance if one falls ill and assured returns if one stays healthy – Scores over other basic health products in the market as in case of non-occurrence of any critical illness, all the premiums paid back to the policy holder;
  • The only insurance plan in the market that pays customer for staying healthy;
  • Low premium starting Rs 5,958 with a cover of Rs 5 lakhs;
  • Rebates available for high sum assured from Rs 10 – 50 lakhs;
  • Tax benefits are available under applicable tax laws.

The World health Organization (WHO) has identified India as a nation that will have most of the lifestyle disorders in the near future. The population for such diseases is getting younger by the day and more than hospitalization cost, the ancillary expenses linked to the recovery period cripple household finances. Recognizing this pertinent issue, PNB MetLife India Insurance Co. Ltd, today, announced its foray into health segment with the launch of ‘MetLife Major Illness Premium Back Cover’(MMIPBC). As the name suggests, the plan returns all the premiums paid incase there is no claim from the policyholder during the policy term and upon survival. The plan also provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy thereby ensuring that the family has adequate funds to meet the unplanned medical expenses and get the best possible treatment.

Speaking on the launch, Mr. Tarun Chugh, MD & CEO, PNB MetLife said, “MetLife Major Illness Premium Back Cover is the only product in the market which returns all the premiums paid at the end of the policy term incase of no claim and provides cover against 35 critical illnesses. As this is a benefit based plan, the claim process is simpler without the involvement of a third party administrator like in the case of indemnity based health plans. A product like MMIPBCtypically helps a family cover unplanned medical expenses over and above the hospitalization cost. As per market data, only 14% of expenses incurred due to major illnesses is due to hospitalization which is covered by the conventional mediclaim and health plans which means the rest of the 86% of cost is borne by the customers themselves. This is one of the reasons apart from inadequate health care planning that drives people to poverty”

Features of MetLife Major Illness Premium Back Cover

  • A non-linked, non-participating health insurance plan
  • Coverage against 35 critical illnesses
  • Return of premium on maturity, in case of survival and no claim made during the policy term.
  • Guaranteed# lumpsum payout in case any of the 35 critical illnesses diagnosed.
  • Tax benefits as per prevailing tax laws
  • Term of 10 years with an entry age of 18-55 years
  • Rebates available for high sum assured from Rs 10 – 50 lakhs

*for reinstatement cases too

For more information, visit www.pnbmetlife.com

# Terms and conditions apply
Insurance is the subject matter of the solicitation
For more details on terms and conditions, pls refer sales brochure

 

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Study Reveals Strong Link Between Employee Engagement and Employee Perceptions of Total Rewards

Aon Hewitt Study Reveals Strong Link Between Employee Engagement and Employee Perceptions of Total Rewards. Honest Leader Communication Also Influences Engagement

With rising health benefit costs and relatively flat wage increases deflating employees' perceptions of their work environment, new survey data from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), shows a strong relationship between employees' perceptions of their Total Rewards package and their overall engagement levels.

Aon Hewitt recently surveyed more than 2,500 U.S. employees at mid-size and large U.S. employers to determine their perspectives and attitudes about their employment experience―including values and culture, work environment, engagement, total rewards and communication.

The survey found that 60 percent of engaged employees say their Total Rewards overall (everything an employer provides to an employee, including pay, benefits, and the work environment) are above or well above what other employers offer, while only one-quarter (24 percent) of those who are disengaged say so. Similarly among engaged employees, half (51 percent) view career development/training programs as better than what other employers offer, while only 19 percent of disengaged employees would rate these programs as better competitively.

"While we consistently see employees ranking pay as the most valuable reward they earn from their employer, it's not the only thing that matters," said Ray Baumruk, partner, employee research leader, Aon Hewitt. "Engaged employees value a more balanced, less oriented toward pay-only, rewards package compared to those who are disengaged."

Understanding and Perceived Competitiveness of Total Rewards
According to Aon Hewitt's survey, paid time off (84 percent) and base pay (83 percent) were the most understood of all Total Rewards programs, while bonus (64 percent), career development/training (61 percent) and work/life balance (60 percent) were among the least understood.

"Employees are telling us that nothing about their Total Rewards package stands out," said Baumruk. "This lack of differentiation could be damaging to attraction, and many of the least understood programs are also the ones viewed by employees as less competitive." 

While overall awareness and understanding was strong, perception of competitiveness could be improved. Employees rated their current employer's paid time off programs (42 percent) and pension plans (41 percent) as above the competition. Bonus incentives/commissions (30 percent), base pay (27 percent), career development/training programs (22 percent) and work/life balance (20 percent) were less likely to be viewed as competitive relative to other companies.

"Companies could see improvements in employee engagement by increasing awareness and understanding of these programs," said Pam Hein, partner, Communication Consulting, Aon Hewitt. "Often providing Total Rewards statements and related web tools can help foster greater understanding.  Administering engaging quizzes or quick assessments to employees can also draw attention to rewards that may be undervalued or misunderstood."

Total Rewards by Gender
According to Aon Hewitt's data, men are more likely than women to perceive their Total Rewards to be competitive. More specifically, men are more likely to believe their pay programs are better than others (39 percent) and their bonus opportunity is better than what other organizations provide (38 percent). Male participants are also more likely to say the following rewards are well above or above what other organizations offer:

  • Savings and company-match programs (40 percent)

  • Work/life balance programs (38 percent)

  • Life and disability insurance (32 percent)

Total Rewards by Generation
Perceived competitiveness of Total Rewards is also higher among Millennials than other generations, particularly on career development/training programs (41 percent).

Better Communication Improves Engagement
According to the study's findings, there is a significant gap between the communication perceptions of engaged and disengaged employees. Among engaged employees, more than three-quarters (77 percent) feel encouraged to share ideas while only 22 percent of those who are disengaged would agree. Similar gaps exist when considering how open and honest senior leaders are viewed, and how managers share and provide information with employees.

Communication Perception (strongly agree/agree)

Total Population

Engaged

Not Engaged

Encouraged to share ideas

47%

77%

22%

Senior leaders open and honest

38%

67%

14%

Managers provide relevant and valuable input on performance or work experience

46%

74%

23%

Aon Hewitt's study revealed that most employees feel they receive the right amount of communication on benefits and job-related topics. Employees feel they receive too little communication related to important aspects of engagement such as career development (42 percent), recognition of efforts and achievement (46 percent), incentive/bonus pay (40 percent) and work/life balance or stress management (40 percent).

"The most engaged employees are the ones who are encouraged to share ideas and who witness open, honest communication from senior leadership," said Hein. "Offering communication training for managers and leaders, regularly sharing key messages, and instituting performance- and reward-related metrics, related to communication from managers and leaders, will be essential to achieve improvement in this area."

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Tufts Health Plan Launches Lifespan Premier Choice, Bringing Quality and More Affordable Care to Rhode Island

Building on their shared commitment to providing access to high-quality, more affordable health care, Lifespan, Rhode Island’s largest and most comprehensive health system, has collaborated with the number one-ranked health insurance plan in the country*.

Tufts Health Plan, to introduce Lifespan Premier Choice, a first-of-its-kind tiered network health plan.

In a tiered network plan, hospitals and affiliated physicians are grouped into different levels or “tiers,” and members pay different amounts for copayments, coinsurance, and/or deductibles based on the tier designation of their health care provider. With Lifespan Premier Choice, all providers in the Lifespan health system have been designated Tier One, the lowest priced tier, due to their high quality and cost efficiency.

“Through Lifespan Premier Choice, consumers will gain access to an expansive network of top-quality providers and hospitals and coverage from Tufts Health Plan, all at a great value,” said Timothy J. Babineau, M.D., Lifespan president and chief executive officer. “We are excited about our unique relationship with

Tufts Health Plan because it reinforces Lifespan’s efforts to provide high-quality, cost-effective health care and it exemplifies the need for innovative collaborations that can enhance the efficiency of our health care system.”

Based on the plan’s design, Lifespan Premier Choice offers premium savings up to 10 to 15 percent to comparable plans in the market, ensuring value for employers and members. The product features the Lifespan health system network along with thousands of primary care and specialty physicians who collaborate closely with the Lifespan health system. These include physicians affiliated with Rhode Island Hospital and its pediatric division Hasbro Children’s Hospital, The Miriam Hospital, Bradley Hospital, the nation’s first psychiatric hospital for children, Newport Hospital, and Gateway Healthcare, the state’s largest provider of community mental health care. Lifespan includes a robust network of more than 1,800 physicians across the state. Lifespan Premier Choice members can also access the full Tufts Health Plan network of over 25,000 providers in both Rhode Island and Massachusetts, allowing for coverage across state lines.

“This is truly a new and unique plan design for Rhode Island that helps employers control their health care costs while giving their employees and their families the choice to see any doctor or hospital from the entire Tufts Health Plan network,” said James Roosevelt Jr., CEO of Tufts Health Plan. “We are pleased to work with Lifespan to develop this innovative plan.”

Lifespan Premier Choice was approved by the Office of the Health Insurance Commissioner and will be offered to employers across Rhode Island beginning July 1, 2015.

* The National Committee for Quality Assurance’s Private Health Insurance and Medicaid Health Insurance Plan Rankings, 2014-2015.

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Blue Cross and Blue Shield of Minnesota Reports 2014 Results

Blue Cross and Blue Shield of Minnesota and its family of companies (Blue Cross) today announced audited financial results for 2014. Blue Cross closed out the year with net income of $61.5 million, reflecting positive investment portfolio performance that offset slight operational losses. The organization reported a net operating loss of $8.2 million on full-year revenues of $10.1 billion, for a negative operating margin of one-tenth of one percent (0.1%).

Blue Cross reported more than $9.1 billion paid in medical claims for the year, representing 90 cents of every premium dollar collected going directly to cover health care costs. Additionally, Blue Cross paid more than $205 million in taxes, assessments and surcharges for the year. Overall year-end 2014 enrollment of 2.6 million members represents a slight decrease from year-end 2013.

“Our operating performance for 2014 was favorable to projections, amounting to a near break-even year for the organization,” said Michael Guyette, president and CEO of Blue Cross and Blue Shield of Minnesota. “We knew 2014 would be a challenging year, as the market continued to go through significant transition related to health reform. We continue to engage with multiple stakeholders in order to explore ways of bringing additional cost and coverage stability for both the short- and long-term.”

During 2014, Blue Cross celebrated several successes in communities across the state. Among them:

  •     Collaborated with Allina, Entira, Minnesota Community Health Network (MCHN), Northern Health Alliance and Sanford Health in support of innovations that promote advancements in health care affordability and quality.
  •     Opened the company’s first health insurance retail store, where Minnesotans can receive health plan information, service and claims support.
  •     Raised more than $1 million in employee donations through the annual Community Giving Campaign to benefit more than 700 nonprofits statewide.
  •      Supported efforts of Minnesota communities to enhance access to health coverage and improve health, including:

o    Southern Prairie Community Care, an Accountable Community for Health, focused on improving the health of residents of 12 southwestern Minnesota counties.
o    Access to coverage grants, helping low-income Minnesotans enroll in insurance.
o    Act on Alzheimer’s, helping foster dementia-friendly communities.
o    Increasing access to various dental care programs in Mankato, Bemidji, Duluth and Rochester.

Audited results include the consolidated financial statements for businesses operating under Aware Integrated Inc. (AII), a non-profit corporation and parent organization. AII serves as the holding company for all affiliates and subsidiaries, including the following regulated businesses associated with Blue Cross:

Blue Cross and Blue Shield of Minnesota — A nonprofit health insurance company and independent licensee of the Blue Cross and Blue Shield Association.

Blue Plus — A nonprofit health maintenance organization (HMO) that offers health plans and contracted provider networks throughout Minnesota to individuals and local, state and national groups.

SelectAccount — A third-party administrator of medical spending accounts included in consumer-directed health plans throughout the country.

Blue Cross provides all information, reports and audited details as required by the State of Minnesota for both commercial and public program products. Detailed financial statements for the organization’s regulated businesses are filed with the Minnesota Department of Commerce. A consolidated earnings statement for 2014 results is available at https://www.bluecrossmn.com/2014Results.

Blue Cross and Blue Shield of Minnesota, with headquarters in the St. Paul suburb of Eagan, was chartered in 1933 as Minnesota’s first health plan and continues to carry out its charter mission today as a health company: to promote a wider, more economical and timely availability of health services for the people of Minnesota. Blue Cross is a not-for-profit, taxable organization. Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association, headquartered in Chicago. Go to bluecrossmn.com to learn more about Blue Cross and Blue Shield of Minnesota.

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Welcome To iPolicy Magazine: For International Expatriate Medical Health And Travel Insurance Brokers Agents And Intermediaries

Welcome To The 1st Issue Of iPMI Magazines Medical Health Travel and Expatriate Insurance Broker And Intermediary Report, iPOLICY.

 

Rounding up the last quarter's most important International Medical and Health Insurance Plan and Product News, iPOLICY is the essential digital report designed specifically for International Health Insurance Brokers and Intermediaries.

Read iPolicy by iPMIM now, click here.

Welcome To The 2nd Issue Of iPMI Magazines Medical Insurance Broker And Intermediary Report, iPOLICY.

 

Rounding up the last quarter's most important International Medical and Health Insurance Plan and Product News, iPOLICY is the essential digital report designed specifically for International Health Insurance Brokers and Intermediaries.

Read iPolicy Issue 2 by iPMIM now, click here.

Welcome To The 3rd Issue Of iPMI Magazines Medical Insurance Broker And Intermediary Report, iPOLICY.

 

Rounding up the last quarter's most important International Medical and Health Insurance Plan and Product News, iPOLICY is the essential digital report designed specifically for International Health Insurance Brokers and Intermediaries.

Read iPolicy Issue 3 by iPMIM now, click here.

For more International Private Medical Insurance Magazine medical insurance, health insurance, medical assistance, expatriate healthcare insurance and risk-protection news go to ipmimagazine.com

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The Most Comprehensive Cancer Cover In The Critical Illness Market

Friends Life has announced its latest round of critical illness enhancements which now means it offers the most comprehensive cancer cover on the market.

Among the enhancements Friends Life has:

  • simplified the main cancer definition
  • created a new ‘less advanced cancer’ additional payment definition covering 20 specific types of cancer
  • increased and standardised payment for all additional payments to 25% of benefit or £25,000 (whichever is lower)
  • created an option to add Global Treatment, in association with Best Doctors, for an additional £4 a month

Mark Anders, Director of Sales for Individual Protection at Friends Life, said, “The new enhancements we have made to our critical illness proposition mean our customers can be even more confident that their policy will support them financially across a very broad range of significant illnesses. After all, that is what we are here for - supporting customers when they or their children have health problems. I think we now have the strongest critical illness proposition on the market. When adding these cancer related enhancements to our unique benefits such as the Global Treatment option, child specific illnesses and fracture cover we are offering something very few other providers can compete with.”

Friends Life has also added a severe hearing loss additional payment to complement the main deafness definition.

Mark Anders added, “A severe loss of hearing can have a huge impact on someone’s life and so our new additional payment definition is designed to support customers whose hearing loss is severe, but not significant enough to claim on the main benefit. These enhancements make critical illness cover an even more attractive proposition to customers. Cancer is the most claimed for condition on critical illness policies so it’s really important that we cover people for as many different forms of it as possible. We’ve made the definitions easier to understand and now offer additional payments for 20 conditions where cancers are less advanced. It means we’ll be able to help our customers when they need it most.”

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Whiplash Costs £2.5bn Per Year, Adding £93 To Motor Premiums

Whiplash-type claims have returned to near-record levels and are costing motorists £2.5bn*, which adds £93 to the average motor insurance premium of £372**.

A new report commissioned by Aviva, the UK’s largest insurer, concludes that fundamental reform is needed to reduce the number and cost of whiplash claims which will, in turn, cut the cost of motor insurance for the long term.

The UK is on track to submit more than 840,000 motor injury claims*** to the Claims Portal for the year ending April 2015, or 2,300 claims every day. This is up 9% on the previous year - or 200 extra claims per day.

Aviva analysed the motor injury claims it received in 2014 and found that 80% included whiplash, a significantly higher figure than seen in many other European countries. One of the reasons for the high number of whiplash claims is the huge financial incentives for the third parties who submit the claims. Aviva’s data shows that 96% of personal injury claims it received last year were brought by third parties such as claims management companies (CMCs), personal injury lawyers and alternative business structures (ABS).

Maurice Tulloch, CEO, UK and Ireland General Insurance, Aviva said, “Last summer Aviva said that motor premiums will have ‘nowhere to go but up’ if we failed to address the excessive numbers of minor motor injury claims and the escalating costs surrounding them. We are here to help our customers when they need it, and pay genuine claims quickly. But we must address how to best treat the excessive number of fraudulent, exaggerated and minor whiplash claims which are driving up the cost of insurance.

“Sadly, we are now witnessing a resurgence in the number and cost of whiplash and soft-tissue injury claims despite some very positive developments, such as the LASPO Act, which helped reduce customer premiums. The introduction of a new system for sourcing medical reports in soft tissue injury claims (known as MedCo) is also a step forward.”

Out of step with Europe
Aviva commissioned Frontier Economics to understand what the UK could learn from countries that have successfully reduced the number and cost of whiplash claims between 2005 and 2013. Their analysis established that UK motor premium rates rose faster than other European countries over the last decade, including Germany, France, Sweden, Norway and Spain.

Issue UK France Germany
Average Motor Premium £372 On average, 40% less than UK premiums^ On average 50% less than UK premiums^
Whiplash claims 80% of motor injury claims 3% of motor injury claims^ 47% of injury claims^
Injury claims trend Up 62% from 2005-13; accidents fell 30% during same period Down 55% from 2000-14, in line with fall in number of accidents^ Down 50% over 40 years, in line with fall in number of accidents^
Lawyers used/ Legal fees Fixed fees of £500 + 25% contingency fees  95% of low value injury claims settle without court proceedings^ Fixed fees of €300 (£216)^


Aviva’s Roadmap to Fighting Whiplash
Aviva has developed six recommendations for reducing the number and cost of whiplash claims. Introducing these in the UK could achieve the desired outcome of fewer whiplash claims, lower premiums, helping those with genuine injuries get the care they deserve and tackling those who seek to abuse the system by profiting from fraudulent, exaggerated, or minor, short-term injuries. Key features include:

  1. Reduced Limitation Period: All whiplash/ soft tissue injury claims should be made within 12 months of the accident as opposed to the usual three year limitation period.
  2. Time Limits and a Threshold: The claimant’s symptoms should last longer than 3 months. This should be evidenced by medical records.
  3. Rehabilitation – care, not cash: Insurers should provide treatment of up to three months to their policyholders or the injured party regardless of who is at fault for the accident.
  4. Medical Evidence - Where the symptoms persist beyond three months, an independent medical report should be obtained from the new Government vehicle MedCo between three and 12 months after the accident for whiplash/soft tissue injury claims. 
  5. Level of Disability – Medical reports should assess the level of disability, and compensation would be recoverable if there is actual evidence of injury. 
  6. Predictable damages – Where a claimant is able to demonstrate he or she has overcome the threshold, damages for pain, suffering and loss of amenity should be awarded against a clear, transparent tariff.

Aviva’s package of reforms demonstrates how a ‘care, not cash’ system of treating minor, short-term whiplash-type injuries could operate. Aviva first outlined its suggestion of treating minor whiplash with rehabilitation in July last year, which, in conjunction with other reforms such as banning all referral fees and raising the Small Claims Track Limit, could save £50 on the cost of motor insurance. Both referral fees and the excessive legal fees are adding to the cost of motor insurance, but failing to deliver any tangible value for the customer.

Maurice Tulloch continued, “The UK’s compensation culture is at the root cause of the £93 cost of whiplash claims paid by motorists within their insurance premiums. Our customers have told us they are fed up with compensation culture and all its trimmings: the nuisance texts and calls from claims management companies, excessive lawyers’ fees and fraudsters abusing the system for their own financial gain. It doesn’t have to be like this.

“Aviva’s plan shows that it is possible to cut the cost of motor insurance and ensure those who have suffered genuine injuries get the care or compensation they deserve.

“We believe that everyone is entitled to fairly priced insurance to protect what is important to them. Introducing these reforms is a challenge but we will not hide away from this - the UK’s motorists deserve even more affordable motor insurance.”

* £2.5bn figure uses Datamonitor settled claims data, Aviva average whiplash settled claim value and Aviva whiplash claims incidence.
** ABI Motor Premium Tracker Q4 2014
*** Claims Portal RTA Management Information, January 2015
****https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/401295/quarterly-estimates-jul-to-sep-2014.pdf
^ Frontier Economics, Motor insurance compensation systems with a focus on whiplash and soft tissue injuries, March 2015
^^Aviva, Road to Reform: Tackling the UK’s Compensation Culture, July 2014

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Friends Life Revolutionises Protection Market With The Launch Of Global Treatment

Friends Life has announced the launch of Global Treatment, in association with Best Doctors – an additional option to its Protect+ range. Global Treatment is the first protection option of its kind in the UK and is exclusive to Friends Life.

Friends life - Global Treatment HD from Friends Life on Vimeo.

Global Treatment gives customers access to the leading medical experts and treatments around the world – for themselves and their children. Covering a range of serious illnesses, including all cancers, Global Treatment will pay and arrange for people to get from their front door to a hospital they choose. It offers more choice and access to high-quality treatment in leading international hospitals outside of the UK.

Mark Anders, Director of Sales at Friends Life, said “Global Treatment revolutionises the protection insurance industry and is a unique optional benefit in the UK. It provides peace of mind that comes from knowing you are in the best hands. If a customer or their children were diagnosed with a serious illness, Global Treatment can open the doors to more options, giving them access to treatment at world-renowned hospitals by leading medical experts. If a customer is diagnosed with cancer and the best possible treatment is in New York, Zurich or Sydney, for example, Global Treatment will cover the costs. All they have to do is concentrate on getting better.”

The key features of the Global Treatment option are:

  • Available to customers and their children
  • Pays for all overseas treatment at a hospital chosen by the customer
  • Arranges and pays for all travel from the customer’s front door to a hospital they choose, including cost for an accompanying person
  • Arranges and pays for all accommodation costs, including cost for an accompanying person
  • Pays £100 a day allowance per night of hospital stay.
  • Each insured person has unlimited use of Global Treatment, up to a maximum benefit entitlement of £1 million per insured person, per year. They can be treated multiple times with coverage of up to £2 million per insured person in their lifetime
  • On return to the UK, it covers the cost of necessary medication if they are not available on the NHS (up to the value of £50,000)
  • Global Treatment covers cancer, neurosurgery, coronary artery by-pass surgery, heart valve replacement or repair, bone marrow and live donor organ transplant
  • Costs just £4 per month*

Frank Ahedo, Managing Director at Best Doctors, who are supplying the medical expertise for Global Treatment, said “Best Doctors has been providing people in the UK with a Second Medical Opinion service for over 10 years. Global Treatment now builds upon the value of this service, taking it to the next level by providing and paying for treatment and expenses. As well as giving advice to people, we can now get them in front of some of the most skilled doctors at centres of medical excellence around the world. I’m very proud that Best Doctors will be working alongside Friends Life to deliver this fantastic additional benefit.”

Global Treatment is available to anyone taking out a Friends Life Protect+ policy (life cover, critical illness cover or income protection). Through those policies, customers can already access Best Doctors ‘Second Opinion’ service**. The results of this service will allow Friends Life customers to make informed decisions regarding treatment options and should the decision be to travel to a leading international hospital Global Treatment will make that possible.

Mark Anders from Friends Life added, “All too often you hear heart-breaking stories of families desperately trying to raise thousands of pounds to send a loved one abroad so they can get treatment for a serious illness. In many cases, Global Treatment can be the solution by providing the access and the opportunity to receive the very latest treatment. We are the only UK protection insurer to offer this benefit and we’re able to do it for just an additional £4 a month, making it a fantastic proposition for customers and their children. Our propositions are designed around the real needs of real people and what they may face whilst coping with a serious illness. Global Treatment is just another example of how we deliver for our customers.”

*Global Treatment can only be purchased as an addition to a Friends Life Protect+ policy
**Second Opinion is a discretionary benefit which can be withdrawn by Friends Life at any time

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Clements Worldwide Partners With Starr China To Provide International Insurance Solutions In China

Clements Worldwide, a global provider of international insurance products and reinsurance capabilities, today announced the launch of a partnership with Starr China to deliver insurance coverage to expatriates and international organisations in China.

Starr China, a premier China-based insurer, is joining forces with Clements to target the international individual and group segment in this growing insurance market. Starr China, under license by Clements Worldwide, will introduce Clements Scholars®, a group health program for expatriate educators and school staff, to serve the international school community in China. Clements Scholars is unique in that it provides comprehensive insurance coverage, extensive member access to medical facilities and standardised benefits to educational institutions with locations in multiple countries.

“China has one of the world’s largest number of international schools, with more than 300 educational institutions employing expatriate teachers and personnel,” said Chris Beck, president of Clements Worldwide. “China is a fantastic market for Clements Scholars. The program is already recognised for helping teachers and staff access medical facilities, top providers and resources around the world. With Starr China’s local market leadership, Clements Scholars will soon be the reference in China as well.”

“Clements Scholars offers an affordable, wide-reaching, and comprehensive plan, a best-in-class network of providers and rich member benefits,” said Kevin Liang, president of Starr China. “We are confident about the potential of Clements Scholars in China, as well as the opportunity present in this market for products covering international property, school directors’ liability and others, for a complete suite of expatriate and international risk management coverage solutions.”

Starr China and Clements Worldwide seek to provide insurance coverage to the estimated 633,000 expats living in China, a community growing by about 5 percent each year alongside growth in China’s economy. The partnership affords expatriates access to more choices for international health and other insurance products, addressing the rising costs of medical care at private clinics used by foreigners in China. Mr. Beck adds, “Our expertise in serving the international school market and expatriate markets, in addition to broader multinational corporate market, will ensure our customers receive world-class medical treatment and save money in the process in China and worldwide.”

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07-10-2019 Articles Case Studies

The Rugby World Cup 2019 – A Corporate Travel Conundrum

The Rugby World Cup 2019 – A Corporate Travel Conundrum

In this exclusive article Healix International highlights some of the risks businesses should account for when sending travellers to Japan. In an age where the Far East doesn’t seem so far, over 400,000 visitors from across the globe are set to descend on Japan for the Rugby World Cup this September.  Among these will be die-hard rugby fans lucky enough to be...

23-07-2019 Articles Case Studies

On Business And Sick: Who’s There For You?

On Business And Sick: Who’s There For You?

In Mexico for work, a colleague of mine fell ill. So why write about it? There’s nothing unusual about contracting a common illness when travelling: 80% of people experience health issues while on a trip, with varying levels of severity. What was noteworthy, at least from my point of view, was the unusually convenient and efficient medical assistance my co-worker received. He...

22-07-2019 Articles Case Studies

Video: In 2019 The Definition Of An Expatriate Is Obsolete

Video: In 2019 The Definition Of An Expatriate Is Obsolete

The definition of an expatriate is obsolete because more people, including local nationals and expats, regularly travel internationally, due to their lifestyle, income and careers: a view shared by Ian Youngman, author of the brand new IPMI report, International Health Insurance 2019 and Generali Global Health CEO Marco Giacomelli. In the video Generali Global Health CEO Marco Giacomelli explains why IPMI is so...

19-06-2019 Articles Case Studies

Tensions In The Gulf And Iran And The Impact On Insurance Premiums

Tensions In The Gulf And Iran And The Impact On Insurance Premiums

By Jonathan Moss, DWF Partner, Head of Transport and Shipping. Increasing uncertainty and high political instability in the Gulf region is likely to lead Insurers to raise premiums, renegotiate terms of cover and introduce riders to Marine and Energy contracts of insurance and reinsurance. The past two years has seen a dramatic deterioration in Qatar's diplomatic relations with the UAE over allegations...

14-06-2019 Articles Case Studies

What’s Shaping The Assistance Needs Of The Globally Mobile?

What’s Shaping The Assistance Needs Of The Globally Mobile?

Global movement is booming. According to the World Tourism Organisation (UNWTO), international tourist arrivals reached 1.4 billion at the end of 2018: two years ahead of forecasts. The Global Business Travel Association (GBTA) predicts a rise of more than 6% in corporate travel spend this year. And UNWTO anticipates that, by 2030, five million people will be crossing international borders...

09-04-2019 Articles Case Studies

Why Do Expats Fear Coming Home?

Why Do Expats Fear Coming Home?

Living the expat dream is a lifestyle choice that many people would seize if they had the opportunity. The chance to experience different cultures, climates and lifestyles is a prospect too exciting to ignore, and with international travel and trade opening up employment opportunities across the globe, the global expat population is estimated to rise from 66.2m last year to 87.5m in...

14-03-2019 Articles Case Studies

Top 5 Cost Containment Risks For Insurers In Nepal

Top 5 Cost Containment Risks For Insurers In Nepal

By Jonathan Bancroft, Managing Director of Traveller Assist. For insurance underwriters, travel insurance brands and assistance providers with risk exposure in Nepal, a recent announcement by Tourism Minister Rabindra Adhikari, of his intentions to bring those responsible for a multimillion dollar insurance fraud scam to justice, is welcome news. After a 12-month insurance fraud investigation by Traveller Assist into helicopter charter companies...

12-02-2019 Articles Case Studies

Healix Health Services Mental Health And Wellbeing White Paper Helps Brokers Guide Employers’ Mental Health Strategies

Healix Health Services Mental Health And Wellbeing White Paper Helps Brokers Guide Employers’ Mental Health Strategies

2018 was unquestionably a turning point in awareness about mental ill health with a wide range of high profile individuals urging employers, as well as the wider community, to put the issue front and centre.  Employers recognise the importance of understanding mental health issues – and providing workers with the support they need to manage their mental health and wellbeing in...

11-02-2019 Articles Case Studies

Future Of Business Travel Risk White Paper + Survey

Future Of Business Travel Risk White Paper + Survey

Drum Cussac has released its first thought-leadership white paper of 2019 titled ‘The Future of Risk’. The risk consultancy reached out to both clients and security professionals across a wide range of industries in order to identify the key areas of concern for security, risk and travel professionals. The white paper offers crucial business insights into: The future of fully-integrated organisational security The growing...

31-01-2019 Articles Case Studies

White Paper Examines Travel Risk Management For Colleges And Universities Taking Students Overseas

White Paper Examines Travel Risk Management For Colleges And Universities Taking Students Overseas

Studying abroad is exciting for students, but brings a wide range of risks that need to be managed and mitigated by education establishments.  Identifying and tackling these issues is a white paper published by global travel risk management and international medical and security assistance experts, Healix International. ‘Travel Risk Management for Higher Education Establishments’ discusses the evolution of risk, as well...

23-01-2019 Articles Case Studies

Aetna International Paper Examines The Role Of Behavioural And Genetic Data In Detecting And Preventing Disease

Aetna International Paper Examines The Role Of Behavioural And Genetic Data In Detecting And Preventing Disease

Leading global health and wellness benefits provider Aetna International has released a paper Bespoke health promotion: How personalisation is transforming health, which examines the importance of bringing together health and lifestyle data with advances in genetic profiling and technology to help tackle the rising global disease burden. The organisation believes the future of health care lies in the worldwide adoption of a...

06-12-2018 Articles Case Studies

In Pursuit Of Your Travel Dreams: The Way Forward Is Not Always Smooth

In Pursuit Of Your Travel Dreams: The Way Forward Is Not Always Smooth

Based on a true story, “In pursuit of your travel dreams… the way forward is not always smooth” introduces Jeff and Martha Smith, snowbirds in Los Angeles, California, and their experience when Jeff thought he had a cold. Jeff had an opportunity to use telemedicine, visited an urgent care centre and the case study concludes with a visit from a...

12-11-2018 Articles Case Studies

‘Health Tax’ Adding Millions To NHS Financial Burden

‘Health Tax’ Adding Millions To NHS Financial Burden

A tax on health insurance that pushed many thousands of private patients back onto the NHS is costing taxpayers more than £1bn a decade in additional NHS resources – and it could soon get much worse. Findings from independent economic experts Cebr and Bupa has not only verified the link between rising Insurance Premium Tax (IPT) rates and increased burden on...

24-10-2018 Articles Case Studies

Whitepaper PDF Download - Digital Health Platform: Enabling The Digital Transformation

Whitepaper PDF Download - Digital Health Platform: Enabling The Digital Transformation

Customer expectations are higher than ever, often driven by experiences outside of Health. Policyholders no longer just call on you to settle their bills. They want you to help them lead better, healthier lives. Your agents, partners, providers and corporate clients also expect you to improve how you engage with them. Learn how a Digital Health Platform helps you connect systems and...

24-10-2018 Articles Case Studies

The Future’s Healthy For French Expatriates

The Future’s Healthy For French Expatriates

Aetna International recently announced an exciting partnership with French health insurer, that will benefit organisations in France sending their French employees on overseas assignments. Laurent de Veyrac, Senior Director, Strategic Business Development at Aetna International played a key role in setting up the partnership. In this article he explains the cover French nationals are entitled to when abroad and where the...

27-09-2018 Articles Case Studies

Mafuwe Evacuation – Elephant Roadblock

Mafuwe Evacuation – Elephant Roadblock

Awesome Air Evac (AAE) was recently requested to evacuate a patient with a suspected broken pelvis from a bush camp in the South Luangwa National Park in Zambia. There were no medical facilities or resources available in the area to assist the patient, so AAE dispatched an emergency medical doctor and intensive care nursing sister to stabilize and evacuate the patient to...

03-09-2018 Articles Case Studies

It’s In The Genes For International Medical Insurance Providers

It’s In The Genes For International Medical Insurance Providers

Marco Giacomelli, CEO of Generali Global Health (GGH), believes the IPMI market should be embracing genetic tests to better manage the health of members. With genome testing for cancer patients included as an optional service within GGH’s range of Global Choice products, he explains how this procedure will transform the way members can be treated in the future. We introduced genome testing...

18-07-2018 Articles Case Studies

Multinationals Prepare For The Future Of Work With Focus On Mobile Talent

Multinationals Prepare For The Future Of Work With Focus On Mobile Talent

As a result of the digital era, aging populations, skills shortages, and unpredictable political and economic contexts, the landscape of global business is changing as are jobs that are critical for the future of work. Multinationals are embracing this transformation by focusing on mobile talent and assessing the cost of expatriate packages for their international assignees. According to Mercer’s 24th annual Cost...

02-07-2018 Articles Case Studies

Assistance Company Tackling Unnecessary Helicopter Rescues In Nepal

Assistance Company Tackling Unnecessary Helicopter Rescues In Nepal

As it does every spring, a temporary city of tents was erected at the foot of the world’s tallest peak, Mount Everest. Climbers and tourists from around the world - some paying upwards of $50,000 - made this once in a lifetime trip to Basecamp. A pilgrimage. For some, it’s a staging area to the highest point on the planet...

27-06-2018 Articles Case Studies

Keeping Employers and Clients Informed: The US Tax Reform

Keeping Employers and Clients Informed: The US Tax Reform

Let’s clear up some misconceptions regarding changes to US tax laws, or more specifically, things that stay the same. In the era of misinformation, detail is key to being prepared. And companies must be ready to steer their clients and members in the right direction. The Affordable Care Act aims to incentivize every person in the United States to acquire a...

28-03-2018 Articles Case Studies

The Economy of Exclusivity Within the Pharmaceuticals Industry

The Economy of Exclusivity Within the Pharmaceuticals Industry

Written By Armando A. Diaz, Writer, WellAway Limited. Inflation in the pharmaceutical field is rampant and shows few signs of slowing. Hide your wife, hide your kids and show your wallet, the rate of increase is growing for both hospital and non-acute settings and is expected to rise by close to 8% in 2018. Specialty medication such as “biosimilars” and “orphan drugs”...

27-03-2018 Articles Case Studies

Special Transports With ECMO Worldwide By Air Ambulance and MICU Ground Ambulances

Special Transports With ECMO Worldwide By Air Ambulance and MICU Ground Ambulances

The life expectancy of mankind is rising on a global scale like never before in history. The reasons are multifactorial but the most important factors accounted for this fact are better hygiene, the availability of better nutrition and for the developed countries, the benedictions of modern medicine. With an aging population we face new challenges in regards to support the...

01-03-2018 Articles Case Studies

The United States Welcomes Bermuda With The US Insurance Seal Of Approval

The United States Welcomes Bermuda With The US Insurance Seal Of Approval

A short two-hour flight east of the United States lies the beautiful island of Bermuda. This small, yet powerful territory has qualified jurisdiction status from the NAIC, (National Association of Insurance Commissioners). This status breeds many benefits, among them, the reduction of collateral requirements for its reinsurers who do business in the US, a victory for entrepreneurs and beneficiaries alike. Where did it all...

06-02-2018 Articles Case Studies

Fears Of A Tsunami In Alaska Prompt The Issue Of A Level 4 Alert

Fears Of A Tsunami In Alaska Prompt The Issue Of A Level 4 Alert

Fears of a tsunami in Alaska on 23rd January prompted the Healix GSOC to issue a Level 4 alert to client’s employees in affected areas. Craig Webb, Security and Political Risk Analyst at Healix International talks about what happens behind the scenes when such a risk is identified, illustrating the value of Healix Active Monitoring. At 00h31 (local time) on 23rd...

26-01-2018 Articles Case Studies

Omani Expatriates Run For Coverage

Omani Expatriates Run For Coverage

Don’t bother trying to get off the plane in Oman if you do not have expatriate health insurance. Following the government’s recent announcement, you need to have coverage in place before arriving. Only 12.3% of the workers in the private sector of Oman’s workforce are natives to the country. This means that a whopping 87.7% of the workforce are expatriates, foreigners...

05-01-2018 Articles Case Studies

Global Expansion Of 2nd.MD Innovative Expert Opinion

Global Expansion Of 2nd.MD Innovative Expert Opinion

Second opinions can save lives, and that’s exactly what 2nd.MD is doing by facilitating interactive video consults in the second opinion marketplace. Now reaching 46 countries and covering more than 12 million lives, 2nd.MD performs more expert medical consultations than any other service in the market. Facts and Figures The facts of misdiagnoses and medical error are startling. In the United States...

20-09-2017 Articles Case Studies

Discover The Best Practices In Travel Risk Management

Discover The Best Practices In Travel Risk Management

Today’s interconnected world and global economy means that increasing numbers of employees are required to travel extensively overseas, often for long periods of time, to multiple destinations and frequently to very unfamiliar environments. In this white paper Healix International helps us navigate the maze that is travel risk management and explains the fundamental elements of a professional Travel Risk Management Program. An employer’s ‘Duty of...

21-07-2017 Articles Case Studies

Expats, Health Insurance, Impats And Immigrants

Expats, Health Insurance, Impats And Immigrants

We All Know What Health Insurance And Expatriate Mean, Or Do We? Leading iPMI analyst and report author Ian Youngman offers his personal view on the meanings, with a reader warning that what is correct in one country or continent may be wrong in another. Those using Google Translate: you may end up with something else entirely! HEALTH INSURANCE The media, and...

17-05-2017 Articles Case Studies

How Well Are You Preparing Your Staff For Overseas Assignments?

How Well Are You Preparing Your Staff For Overseas Assignments?

The past couple of years have been a stark reminder that as companies and business operations continue to expand overseas, the risks to their travelling employees are greater than ever before. The “Breaking News” of another terrorist attack is often impossible to predict in a corporate setting. However, there are arguably more important aspects to employee safety that are often...

10-05-2017 Articles Case Studies

Protecting Your Staff Who Work Or Live Abroad With Nugent Santé

Protecting Your Staff Who Work Or Live Abroad With Nugent Santé

As a specialist intermediary, Nugent Santé predominantly advise and arrange private medical insurance for corporate, SME and personal clients, whether based globally or in the UK. We are based in Preston, Lancashire, and are an appointed representative of one of the largest private medical insurance intermediary agencies in the market, Chase Templeton. Nugent Santé Chairman, Paul Nugent, has been a key figure of Chase Templeton...

27-04-2017 Articles Case Studies

Is International Medical Insurance The Right Choice?

Is International Medical Insurance The Right Choice?

The chances are that you are moving around the world from one assignment to another, so getting an international medical insurance plan that can travel with you will save you from having to switch insurers with each new country that you visit. This will give you the luxury of building up a relationship with one insurer who knows you and your medical...

25-04-2017 Articles Case Studies

What Are The Benefits For Global Brokers, Agents And Intermediaries If They Add International Private Medical Insurance (IPMI) To Their Insurance Product Portfolio?

What Are The Benefits For Global Brokers, Agents And Intermediaries If They Add International Private Medical Insurance (IPMI) To Their Insurance Product Portfolio?

For worldwide insurance brokers, agents and intermediaries that may be interested in IPMI market entry we asked an executive round table of leading insurance underwriters and providers of IPMI about the benefits brokers may expect if they add IPMI to their insurance product portfolio. Aetna International, Generali Global Health, HealthCare International and Wellaway all had something to say: Damian Lenihan, Aetna International:...

12-04-2017 Articles Case Studies

From A Brokers Perspective The International Private Medical Insurance (IPMI) Market Is An Opportunity Ready To Be Taken

From A Brokers Perspective The International Private Medical Insurance (IPMI) Market Is An Opportunity Ready To Be Taken

That is, according to Andrew Apps, Head of Global Healthcare at Bellwood Prestbury, when we asked why do global brokers, agents, intermediaries and independent financial advisers choose not to sell international private medical insurance?, at a recent IPMI broker round table. The Round Table Business Forum spoke to leading IPMI C-suite executives at the heart of global PMI about IPMI distribution trends and...

11-04-2017 Articles Case Studies

The Evolving Face Of Health Insurance In The UAE

The Evolving Face Of Health Insurance In The UAE

Written by Simon Isgar Partner Kennedys LLP. Kennedys is an international law firm with expertise in litigation and dispute resolution, particularly in the insurance/reinsurance and liability industries. With over 1,500 people worldwide across 27 offices in the UK and Europe, Middle East, Asia Pacific and the Americas, they have some of the most respected legal minds in their fields. Individuals and organisations resident in the United...

21-03-2017 Articles Case Studies

Do IPMI Insurers Purchase Medical Assistance, Air Ambulance And Logistics Services Based On Cost Or Quality?

Do IPMI Insurers Purchase Medical Assistance, Air Ambulance And Logistics Services Based On Cost Or Quality?

It was Genichi Taguchi an engineer and statistician who said cost is more important than quality but quality is the best way to reduce cost. Everyone likes a good price but when your life is in someone else's hands, how much is too much? iPMI Magazine asked the international air ambulance industry this exact question in the recent round table business forum...

28-02-2017 Articles Case Studies

Terms Of Payment, Real Time Info And Communications Tops IPMI Provider Needs

Terms Of Payment, Real Time Info And Communications Tops IPMI Provider Needs

In the recent iPMI Magazine round table business forum International Medical Evacuation and Repatriation Strategies we spoke with the insurance, assistance and air ambulance industry and discussed which policies and procedures may be improved between IPMI payors and providers. This isn't the first time iPMI Magazine has asked this question, and once again, terms of payment make an appearance. The general consensus is...

28-02-2017 Articles Case Studies

Can IPMI Insurers And Medical Evacuation And Repatriation Service Providers Work More Efficiently Together?

Can IPMI Insurers And Medical Evacuation And Repatriation Service Providers Work More Efficiently Together?

We all like efficiency - getting things done quickly and easily. In the international private medical insurance business efficiency can make all the difference in the golden hour, when an expatriate has an accident on assignment, or a tourist falls ill on holiday. But how efficient is the process from incident to claim to actual healthcare service access? iPMI Magazine recently...

28-02-2017 Articles Case Studies

Why Is Emergency Medical Evacuation And Repatriation Insurance Coverage Essential For Offshore Workers, Expatriates, Business Travellers And Tourists?

Why Is Emergency Medical Evacuation And Repatriation Insurance Coverage Essential For Offshore Workers, Expatriates, Business Travellers And Tourists?

In a recent exclusive iPMI Magazine round table business forum looking at air ambulance medical evacuation and repatriation services, we asked those at the heart of the global IPMI business why is emergency medical evacuation and repatriation insurance coverage essential for offshore workers, expatriates, business travellers and tourists? As always, the answers were extremely interesting: Andrew Apps, BELLWOOD PRESTBURY: Emergency medical evacuation insurance...

28-02-2017 Articles Case Studies

What Are The Advantages And Disadvantages Of A Typical International Private Medical Insurance Plan?

What Are The Advantages And Disadvantages Of A Typical International Private Medical Insurance Plan?

In 2014 iPMI Magazine asked leading C-Suite Executives from the international private medical insurance (IPMI) industry what are the advantages and disadvantages of a typical international private medical insurance plan? The dialog and debate took place at the International VS Local private medical insurance round table, and in typical iPMI Magazine fashion, the commentary was extremely interesting. GREGOR SCHULTE, GLOBALITY HEALTH: The...

28-02-2017 Articles Case Studies

Video: 2016 Air Passenger and Freight Market Analysis

Video: 2016 Air Passenger and Freight Market Analysis

Full-year global passenger traffic results for 2016 shows demand rose 6.3% compared to 2015 (or 6.0% if adjusted for the leap year). This strong performance was well ahead of the ten-year average annual growth rate of 5.5%. Capacity rose 6.2% (unadjusted) compared to 2015, pushing the load factor up 0.1 percentage points to a record full-year average high of 80.5%. A...

08-02-2017 Articles Case Studies

What Does BREXIT Mean For The International Private Medical Insurance, Assistance And Air Ambulance Industry?

What Does BREXIT Mean For The International Private Medical Insurance, Assistance And Air Ambulance Industry?

With so many opinions and "reports" on BREXIT, iPMI Magazine speaks with leaders from the fields of insurance, assistance and air ambulance and asks, What Does BREXIT Mean For The International Private Medical Insurance, Assistance And Air Ambulance Industry? Ian Youngman, IPMI Analyst: The problem with Brexit is that no politician in the UK, USA or Europe actually knows what is...

27-01-2017 Articles Case Studies

Crisis In Kuwait

Crisis In Kuwait

Tuesday, 06 September 2016 and iPMI Magazine reports that the Health Minister of Kuwait announced that the fatwa and legislative department had given the green light to setting up a separate healthcare system for expatriates under a new medical insurance scheme. The contract is meant to help ease the burden on the current health system and is in line with the...

25-01-2017 Articles Case Studies

Healthcare Service Charges Increase By 500% For Expatriates In Kuwait

Healthcare Service Charges Increase By 500% For Expatriates In Kuwait

More unrest in the expatriate community in Kuwait where health minister Dr Jamal Al-Harby has prepared a new price list for healthcare service charges for expatriates and visitors - by mid Feb charges are set to increase by almost 500%! Kuwait officials allege that some expatriates and visitors only visit Kuwait to receive medical treatments, from routine check-ups to more complex surgeries...

25-01-2017 Articles Case Studies

What Are The Main Complexities Of Conducting International Evacuation And Repatriation Missions?

What Are The Main Complexities Of Conducting International Evacuation And Repatriation Missions?

According to global medical assistance and claims providers CEGA, there has been a 30% year-on-year rise in demand for privately-funded medical repatriations. Heart problems, long term illnesses and complex fractures are among the most common medical ailments at the source of private repatriations, according to CEGA, with demand spanning areas as diverse as southern Asia, the Caribbean and mainland Europe. "The demand...

06-01-2017 Articles Case Studies

Businesses Insure Vehicles And Office Contents But Often Fail To Protect Employees On International Assignments

Businesses Insure Vehicles And Office Contents But Often Fail To Protect Employees On International Assignments

In 2017 duty of care is a legal and moral obligation, but how can the international private medical insurance industry assist global employers fulfill their duty of care obligations? The Corporate Manslaughter and Corporate Homicide Act 2007 is a landmark in law and for the very first time, companies can be found guilty of corporate manslaughter as the direct result of serious management failures resulting in...

06-01-2017 Articles Case Studies

Learn More About Emergency Medical Evacuation And Repatriation Insurance Plan Coverage

Learn More About Emergency Medical Evacuation And Repatriation Insurance Plan Coverage

In an ever riskier world, emergency medical evacuation and repatriation insurance coverage is essential, for offshore workers, expatriates, business travellers and tourists, but why? In a recent exclusive iPMI Magazine round table business forum, we asked those at the heart of global healthcare what they thought. As always, the answers were extremely interesting: Fiona Greenwood, ROWLAND BROTHERS INTERNATIONAL: National and international travel for...

06-01-2017 Articles Case Studies

Medelinked And Integra Global Put The Consumer At The Centre Of Healthcare Delivery

Medelinked And Integra Global Put The Consumer At The Centre Of Healthcare Delivery

In a way prescient of how health services will need to be delivered in future, international health plan provider Integra Global has worked with Medelinked to provide a secure online platform that empowers its customers to take control of and manage their healthcare and health state; and to view, update and provide trusted medical professionals with tailored access to their...

28-10-2016 Articles Case Studies

Peer To Peer Insurer Lemonade Launches In New York

Peer To Peer Insurer Lemonade Launches In New York

Lemonade, the US's first peer-to -peer insurance company, has been licensed as a full insurance carrier by New York State. NY homeowners and condo owners and renters can now get insured and settle claims instantly, anytime and from any device. "Technology drives everything at Lemonade" said Shai Wininger, President and co-founder. "From signing up to submitting a claim, the entire experience...

23-09-2016 Articles Case Studies

Kuwait To Launch New Expatriate Healthcare System

Kuwait To Launch New Expatriate Healthcare System

The Health Minister of Kuwait Ali Al-Obaidi announced Monday that the fatwa and legislative department has given the green light to setting up a separate healthcare system for expatriates under a new medical insurance scheme. A draft contract has been approved by the fatwa department, which the ministry plans to sign with the Health Insurance Hospitals Company, in order to...

06-09-2016 Articles Case Studies

Understanding PMI And IPMI Market Size Per Country

Understanding PMI And IPMI Market Size Per Country

One of the most frequently asked questions we get asked at iPMI Magazine is what is the size of market for PMI and iPMI by country, and globally? Before we answer that, answer the following 2 questions: If a Frenchman living in London buys an IPMI policy from a French broker who uses an Irish insurer that is part of a German group...

21-04-2016 Articles Case Studies

Hacks Tax and Expatriates

Hacks Tax and Expatriates

Panama law firm announces major data hack. Resignation of Icelandic PM. Swiss police raid Uefa offices. 20 global leaders alleged to have used tax havens. British PM gives 5 different answers to questions on finance after allegations that his father paid no tax for 30 years then eventually admits he profited from father’s offshore fund. China shuts down the Internet...

08-04-2016 Articles Case Studies

Where There's A Will, There's A Way

Where There's A Will, There's A Way

Aviva‘s latest Family Finances Report highlights very clearly the lack of planning people generally have in place should they die. It also reveals that although families know they should plan ahead for the inevitable, they find it difficult to have those important conversations.  The report suggests that 62% of people feel that death is a taboo subject. These figures are borne out...

11-03-2016 Articles Case Studies

Insurance Companies And Products As We Know Them Today Will Have To Evolve

Insurance Companies And Products As We Know Them Today Will Have To Evolve

That's according to Griselle Chernys, CEO, at Wellaway, who took an executive seat on a recent iPMI Magazine round table business forum. Although global risks have changed dramatically, medical inflation and the cost of employee benefits continues to cause concern. In the most recent iPMI Magazine Round Table Business Forum we spoke with leading C-Level executives from the world of International Private Medical...

20-12-2015 Articles Case Studies

Self-Insured Funding – Is This The Right Option For Your Company?

Self-Insured Funding – Is This The Right Option For Your Company?

With rising premiums and reduced benefits to employees, many employers are deciding to self-fund their healthcare benefits, in order to avoid costly healthcare reform mandates, taxes, and inflated insurance carrier profit margins.  Nearly 60% of employers in the USA, of all sizes, self-fund their healthcare plans, states the Employee Benefit Research Institute.  The question remains, “Is self-funded the right option...

04-09-2015 Articles Case Studies

The IRS Moves Towards Implementing The Cadillac Tax

The IRS Moves Towards Implementing The Cadillac Tax

Regardless of the opposition of congressmen, brokers, and employers, on July 30th, the United States Internal Revenue Service (IRS) issued another notice on the Cadillac Tax, which will go into effect in early 2018.  Notice 2015-52 Section 49801 – Excise Tax on High Cost Employer-Sponsored Health Coverage addresses additional topics and issues related to the Cadillac Tax, which will seriously impact...

04-09-2015 Articles Case Studies

What Is Important When Designing Maritime And Marine Medical Health Insurance Plans?

What Is Important When Designing Maritime And Marine Medical Health Insurance Plans?

There are more than 1.5 million seafarers in the world. A majority of these seafarers now have a right to be protected through national laws and practices applying the MLC, 2006 to the ships on which they work. Title 4 of the MLC covers Health Protection, Medical Care, Welfare and Social Security Protection. From August 20th 2013 all vessels over...

26-08-2015 Articles Case Studies

Critical Considerations When Designing Individual International Private Medical Insurance Plans

Critical Considerations When Designing Individual International Private Medical Insurance Plans

Introducing a business into new emerging markets is the response from worldwide business owners to the preeminent mega trend that is globalisation. Establishing a global footprint may be of pivotal importance to a wide range of industry, and according to PWC, cross-border assignments are showing no signs of a slowdown. In fact, 59% of CEOs plan to send more staff on...

26-08-2015 Articles Case Studies

What Are The Key Differences Between An iPMI And A Local Insurance Plan?

What Are The Key Differences Between An iPMI And A Local Insurance Plan?

In a recent International Private Medical Insurance Magazine executive round table business forum, we spoke with leading C-Level executives about the major differences between international private medical insurance plans and local insurance plans. As expatriate hot spots around the world continue to mandate insurance cover for expatriate employees, under various visa and employment laws, questions from the business community continue to...

26-08-2015 Articles Case Studies

Shipping Losses Lowest For 10 Years But Mega-Ships And Cyber-Attacks Pose New Threats For Maritime Sector

Shipping Losses Lowest For 10 Years But Mega-Ships And Cyber-Attacks Pose New Threats For Maritime Sector

75 large ships lost worldwide in 2014, down by a third year-on-year. South China and South East Asian waters top loss hotspots. Increasing size of container ships and floating offshore facilities could cause larger losses exceeding $1 billion. Cyber risks a growing concern in shipping sector, particularly around e-navigation. Crewing levels, Arctic shipping, the increase in human trafficking by sea...

26-03-2015 Articles Case Studies

U.S. Employers Expect Health Care Costs to Rise 4% in 2015

U.S. Employers Expect Health Care Costs to Rise 4% in 2015

Companies plan to continue subsidizing and managing benefits while taking aggressive action to keep costs down. U.S. employers expect a 4% increase in 2015 health care costs for active employees after plan design changes, according to global professional services company Towers Watson (NYSE, NASDAQ: TW). If no adjustments are made, employers project a 5.2% growth rate, putting absolute cost per person...

21-08-2014 Articles Case Studies

How Can Corporations Improve And Manage The Life Cycle Of Their Expatriate Workforce?

How Can Corporations Improve And Manage The Life Cycle Of Their Expatriate Workforce?

It isn't easy living as an expat and a mix of social, economic and personal circumstances can lead to failure and return. This is one of the big hidden costs of expatriation. The expat quits the assignment and wants to return to their country of residence. On return, they may also leave the company forcing downtime, time and economic expense and...

21-08-2014 Articles Case Studies

What Has The Maritime Labour Convention Meant For The Insurance Industry?

What Has The Maritime Labour Convention Meant For The Insurance Industry?

The Maritime Labour Convention 2006 (MLC 2006) was adopted at a Maritime session of the International Labour Conference (ILO) in 2006 and came into force on 20th August 2013. There are more than 1.5 million seafarers in the world and a majority of these seafarers now have the right to be protected through national laws and practices, applying the MLC 2006 to...

21-08-2014 Articles Case Studies

Defining International Assistance In 2014

Defining International Assistance In 2014

International tourist arrivals grew by 5% in 2013, reaching a record 1,087 million arrivals. Despite the current global economic climate, international tourism results were well above expectations, with an additional 52 million international tourists travelling the world in 2013. For 2014 the UNWTO forecasts 4% to 4.5% growth, above the long term projections. Demand for international tourism was strongest for destinations...

20-08-2014 Articles Case Studies

Managing Risk And HR Asset Protection In The Oil And Gas Industry

Managing Risk And HR Asset Protection In The Oil And Gas Industry

The recent Al-Qaida attack on a natural gas facility and subsequent hostage situation in Algeria, represents some of the extreme dangers Oil and Gas workers face 365 days a year. Originally published 29/1/2013. Militants stormed the Tigantourine natural gas facility near In Amenas with dozens of people killed. Tragically when Algerian military forces stormed the facility, more fatalities were caused. This dramatic...

06-03-2014 Articles Case Studies

The Advantages of Telemedical Consultation

Written By Frank Reuter, Reuter Consulting http://www.reuterconsulting.com Telemedical consultation, which may also be referred to as telemedicine or telehealth consultation, focuses on providing patients with the best possible telephonic advice, independent of the location the caller is in. This method of advice is already common in the United Kingdom and Switzerland and is gaining international momentum. The use of telemedical providers plays an...

19-08-2013 Articles Case Studies

International Assistance Group Core Partner AA International Evacuates Shotgun Wounded Tourist

AA International, Core Partner of the worldwide network of assistance companies, International Assistance Group, received a request from a German Assistance company requesting to organise a medical evacuation of an injured German National from Jayapura, Papua to Singapore. AA International immediately organised the appropriate team and its own air ambulance, a Learjet 35A, for the mission. AA International departed with an...

19-08-2012 Articles Case Studies

International Assistance Group Core Partner ihi Bupa Evacuates British Road Crash Victim from Somalia

A 53-year old British ihi Bupa Travel member was recently involved in a serious road accident in Somalia. Once at the ER in a local hospital, the member’s friend contacts ihi Bupa’s 24-hour assistance service team requesting an air ambulance evacuation. Shortly after the member has been evaluated, ihi Bupa’s medical consultant speaks to the treating doctor. This is the...

19-08-2012 Articles Case Studies

Air Medical Transportation Europe

  Düsseldorf 08:00 AM: A call comes in to operations of Jet Executive, JEI: a 30 year old man vacationing on Mallorca, Spain is suffering from a fracture of leg and rip after a motorcycle accident. While speeding on the highway he hit a pole. The girlfriend of the patient was sitting in the back but luckily she didn’t have any...

01-02-2012 Articles Case Studies

Business Trip Security Development Of Company Risk Management Plans

Written By Frank Reuter, Reuter Consulting http://www.reuterconsulting.com Companies are often careless about “Business Trip Security”. Only few purchase adequate travel insurance programs. Efficient risk management for employees and for the company itself is the exception. This is considered negligent as organizations have a general statutory duty of care towards their employees. The “EU Corporate Manslaughter and Homicide Act”, which is planned...

19-11-2011 Articles Case Studies