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How Can Expats Manage A Lonely Christmas?

With Kevin Melton, Sales and Marketing Director, AXA - Global Healthcare.

It’s been said already, but 2020 has really been a year we won’t forget in a hurry. Almost the entire world has felt the impact of Covid-19, and the precautions we’ve all taken to prevent the spread of the virus have changed our lives in unimaginable ways.

As we approach Christmas time, many of us who celebrate will be experiencing a very different festive season than we usually enjoy. Whilst this can still be a time of joy and happiness, it can also magnify any underlying feelings of loneliness for those that are separated from loved ones. International travel may not be an option for some expats, making it impossible to see their extended families and friends.

Here are just a few ways to combat these feelings:

Stay connected

For those of us living abroad, staying connected to family and friends in different countries is likely to be second nature. During this time, however, you might need to step this up and think even more creatively about how to share experiences with your loved ones. If you know they’re attending a festive quiz or tuning in to a remote carol concert – why not dial in too or get them to video call you? Not only will you feel closer to the action and more connected, but it’s a great way to fill any time you may be facing alone.

Connectivity has been so important throughout 2020, so try to maintain these vital lines of communication. Those on the receiving end of the phone will undoubtedly enjoy your presence during the festivities, so try to resist feeling as though you might be a burden.

Pack your schedule

If you do find yourself alone on Christmas Day, try to keep as busy as possible. Set a schedule for the day and fill it with fun and engaging activities that you will enjoy. Cook your favourite foods, watch your favourite shows or films and try to spend some time outdoors. Keep busy so you don’t allow yourself to become overwhelmed by the situation. To some, eating alone can be upsetting, so if your respective time zones line-up, consider even organising virtual drinks or meals with your families and friends.

Focus on the positives

Whilst this might be a case of easier said than done, there may be some enjoyment to be had if you’re elsewhere this festive season. Perhaps by doing something you normally wouldn’t – getting up to watch the sunrise, walk by an historic location, cooking an alternative Christmas meal. The fact that it’s different to what you’re used to could even be what makes this a Christmas that you always remember. Try to accept the situation and appreciate where you are. The benefits this has may go a long way towards soothing yourself and will help make your Christmas feel as special as it should. 

Try not to overindulge

Something that many of us look forward to at Christmas is the wide array of food and drink. Whether it be Christmas pudding or roast turkey, there’s plenty to enjoy. However, the festive season can often be a time of overindulgence. If you’re feeling lonely and down, it can be especially easy to slip into bad habits and find yourself grazing or drinking more than usual throughout the holiday. Try to be aware of this and set yourself limits; you’ll feel much better – both mentally and physically – if you maintain a healthy balance.

Similarly, we all know that keeping busy is vital for staying fit and healthy, but it also has a huge impact on our mental wellbeing. If you do find yourself feeling particularly low, or at a loose end, take yourself out for a walk or a jog. You’ll feel better for the fresh air and the exercise, and you might burn off some of those Christmas calories.

Find others like you

As an expat, you’ll know the importance of meeting people in a similar position to you. Thanks to the current climate, there are likely to be many others close by, who are experiencing very similar emotions. Reach out to these people and develop your own support network. This will help keep yourself occupied and cover any gaps where you might be facing time zone issues.

This isn’t forever

It’s important to always keep in mind that this situation is ever-changing. Whilst ‘normality’ may still seem a long way off, it is starting to feel as though it is within reach. Remind yourself that this is only temporary, and that next Christmas will hopefully be very different to what we have experienced this year.

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How To Spend Your Christmas Abroad: Tom Wilkinson, CEO, AXA – Global Healthcare

If you celebrate Christmas, spending time away from home, family and friends can be tough at this time of year. And when you’re spending it in a country that celebrates the festive season in an entirely different way, or not at all, it’s easy to feel like you’re missing out.

But there’s a lot to enjoy about spending Christmas abroad, so try and embrace the local traditions and customs. The more you invest yourself, the more you’ll get out of it. You might not have turkey, tinsel and mistletoe, but other celebrations could be just as festive and exciting. And, you never know, you might enjoy your new way of celebrating Christmas so much that you continue with traditions from abroad even after you’ve returned home.

So, here are some traditions from around the world that you could get involved with this festive season:

Australia

The perfect Christmas in the UK might feature a blanket of snow outdoors and a warm, cosy setting to escape the cold. But with temperatures usually in the high 20s, Christmas Day Down Under is more about cold bottles of beer and games of cricket on the beach. You might even spot a surfing Santa while you enjoy the sunshine, or see a family sharing a Boxing Day barbeque.

Australians do, however, enjoy a traditional Christmas dinner on the big day, very similar to how Brits celebrate Christmas in the UK. And there are always plenty of festive light displays to marvel at.

The Philippines

The Philippines may not seem an obvious place to celebrate Christmas, but as the third-largest Catholic nation in the world, the festive season is hugely important. A particular highlight though, is the spectacular Ligligan Parul Sampernandu, or the Giant Lantern Festival.

Taking place on the Saturday before Christmas Eve in San Fernando, the Christmas Capital of the Philippines, the Lantern Festival draws spectators from around the world. Eleven local villages compete to build the most extravagant lantern, with some measuring up to six metres and featuring a variety of colours and patterns. It’s a new take on your Christmas light traditions, and it’s certainly a wonder to see.

Germany

Everybody knows that German Christmas goods are ideal for anyone with a sweet tooth. From gingerbread and marzipan to stollen and spiced biscuits, German Christmas sweets are renowned all over the world. Along with the sweet treats though, there are a lot of other German Christmas traditions that we’ve even adopted over here in the UK.

From singing Christmas carols like Stille Nacht (Silent Night) through to decorating beautiful green Christmas trees and hosting festive markets, a German Christmas really isn’t that far from what we experience here in the UK. You might want to watch out for Feuerzangenbowle, though, also known as ‘Fire Tong punch’. This drink, that brings together hot mulled wine, strong rum and open flames is a popular Christmas tradition in Germany, but it really packs a punch!

Ukraine

On December 25th, expats in Ukraine might feel a little left out of the festivities going on at home, as Ukraine celebrates Christmas on January 7th in accordance with the Eastern Orthodox religious calendar. But the festivities continue to grow every year.

While the custom in many countries is to decorate Christmas trees with tinsel, lights and baubles, a slightly different approach is taken in Ukraine. Instead of the usual sparkling decorations, trees here are decorated with a fake spider and a huge web. Many also have snowflake-like spiderweb baubles, made of paper and silver wire, called 'pavuchky' (which means 'little spider'). This age-old tradition sprang from a story about a poor woman who couldn’t afford to decorate her tree, but woke up on Christmas morning to find that a spider had adorned it with a glistening web.

Iceland

Christmas in Iceland really is beautiful, despite the skies being so dark, with Christmas lights and a blanket of fresh snow really brightening the place up. You might even be able to see the dancing Northern Lights on a clear night, too.

Meanwhile, in the days leading up to Christmas, 13 mischievous characters known as the Yule Lads visit children throughout the country, leaving gifts for nice girls and boys and rotting potatoes for those that have been naughty. Everybody loves a festive meal too, wherever they are in the world. The locals in Iceland don’t dine on turkey, though. The tradition is to eat pork on Christmas Eve, with smoked lamb and a flatbread decorated with seasonal patterns on the side.

Everyone has those special home comforts and traditions that they look forward to at Christmas, and being abroad is no different. But if you’re spending the festive season abroad for the first time this year, take every opportunity you get to explore local customs and make the most of Christmas, no matter where you are.

Whether it be having Christmas dinner on the beach or wrapping the tree in something extraordinary, make sure to approach the local traditions with an open mind. You never know what traditions you might end up incorporating into your own festivities, or perhaps you might even be able to share some of your home comforts with new friends.

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AOC Insurance Broker Launch Revolutionary App Featuring International Health Insurance Comparative Search Engine With E-Health Services

AOC Insurance Broker, the leading international private medical health insurance comparator, is pleased to announce the launch of a revolutionary new mobile application featuring a comparative search engine for expatriates searching for health insurance and Healthtech services. The app has been christened AOC ExpatCare.

20/6/2017 and AOC Insurance Broker was awarded the Label finance Innovation by Finance Innovation & French Tech for its platform and a new application AOC Expat Care.

FINANCE INNOVATION is led by Mrs Christine Lagarde, Minister of the Economy and encourages the facilitation and development of innovative projects and research with high added value in the financial sector. AOC Expat Care allows users to compare insurance offers provided by the market and proposing electronic health services using IOT technology with the goal to be always more innovative and developing its services based on prevention.

Current or soon-to-be expats will be able to log-in from their smart phones and get a real-time comparative offer, depending on the country, package and medical benefits required.

This application has been designed to display real-time ascending price orders available on the market and to provide clear details on the benefits. Users will also have access to various and relevant information. And in case you may need to get specific information or expertise, you will be able to contact an AOC consultant 24/7.

The main highlight of this application and our reward program AOC The Family is to blend digital and human solutions for a tailor-made offer in the 3 following sectors with artificial intelligence & internet of things:

  • Your online health: direct access to remote consultancy, second medical expertise, tools to manage chronic and pre-existing conditions, health checks solutions etc…
  • Your online diet: proposing you diet and nutrition programs adapted to your needs.
  • Your online sports/P.E: possibilities with recording and monitoring your performances, your calories burnt during your training, to monitor your heartbeat or your sleep, among other innovative tools.

Users will be totally empowered and able to experience an extensive range of new tools and services on their connected wearables: watches, wristbands, scales, electro stimulators, cardio sensors…

These services will be available via fidelity points earned from our loyalty program “AOC The Family”. Points can be easily earned by subscribing to any of our services, including new subscriptions and contracts renewals or by simply advocating and recommending AOC Insurance Broker to your network.

With this new tool, AOC Insurance Broker is aiming at proposing unparalleled health services to individuals but also to corporates and international mobility workers thanks to an extensive panel of tailor-made programs.

AOC Insurance Broker: Get Better, Get Healthier. Website: www.aoc-insurancebroker.com

AOC Expatcare: www.aoc-expatcare.com

 

 

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UK Advisers Fear Economic Uncertainty And Market Volatility As BREXIT Looms - But Income Is Up As Firms Plan Expansion

  • More than twice as many advisers as last year say economic uncertainty is a key concern for the coming year
  • Nearly 4 in 5 (78%) fear market volatility leading up to Brexit
  • But over 30% report annual income of over £1m, compared with 26% this time last year
  • 45% are planning to recruit in the next year,  up from 40% a year ago, and 31% in March 2013
  • Despite the challenging macro environment and concerns around political upheavals, advisers see growing opportunities in retirement planning (75%), financial reviews driven by low interest rates (51%), and increasingly through employer clients (only 24% don’t advise vs 41% last year).
  • Financial stability of platforms is a growing factor for main platform choice – one third of advisers would consider changing platforms because of concerns about financial stability, compared with 24% in May 2015.

Aviva’s new Adviser Barometer shows a doubling in the number of advisers who say that economic uncertainty is a key concern, up from 21% this time last year. The same number also cited the impact of Brexit as one of their biggest concerns, and 39% also thought the Trump victory in the US election had a worrying potential for the future of the advice industry.

However, other indicators show that the financial advice market in 2016 continues to show signs of healthy growth. Over 30% of advisers report their firms’ income is over £1m, compared with 26% at the same time last year, and the number of advisers intending to recruit additional staff in the next year is the highest since the survey began. 45% say they intend to do this, compared with 40% a year ago, and only 31% in March 2013.

Tim Orton, CEO Aviva Adviser Platform, says, “It is no surprise that the sentiment reflected in our latest Adviser Barometer reflects the general uncertainty we’ve seen since the UK vote for Brexit and the Trump victory in the US election. In both cases we are stepping away from the status quo which inevitably invites speculation as to possible outcomes. The good news is that despite all this the advice market in the UK is continuing to thrive, with increasing incomes and plans for expansion reported, and of course the FTSE is at record levels which is good news for investment returns.”

However, there has been little actual change, in adviser or client behaviour, since the June 23rd vote.

84% of advisers report no additional demand attributable to the Brexit vote, and where this has been seen it is largely from clients requiring assurance only (77%). Of the others, 30% were looking to turn cash into investments with almost equal number (27%) doing the reverse (investments into cash).

But 78% of advisers say their main concern about Brexit is potential market volatility, and a further 35% say changes in regulation concerns them.

Only 2% of advisers have reviewed their providers following the Brexit vote, with advisers saying the main reason for staying put is wanting to use firms with more stability (46%), wanting to use UK-based firms (18%), and using firms with a diversified business (16%).

Concerns about the financial advice market, whilst continuing to reflect ongoing issues such as regulatory fees and levies (a concern for 54%) and PI costs (46%), have coalesced around macro factors. Although one in four are still concerned about staying profitable, this has shown a significant lessening of importance from a year ago, where 45% cited this as a key concern.

Tim Orton commented, “The most concerning factors for advisers in the next six months are the ramifications from Brexit and Trump’s presidency, but factors which advisers can control, such as remaining profitable, have become less of a concern for them. I think this is also a reflection of the way the market has grown and strengthened since our survey began back in December 2011. “What is coming through strongly is advisers saying they are putting measures in place to make sure they are in as good a place as possible to meet whatever challenges occur in the coming year – by sticking with financially strong, secure, diversified UK-based companies.”

OPPORTUNITIES

75% of advisers see growth in the retirement market as a main area of opportunity (up from 58% a year ago), and with 51% (vs 30% in November 2015) seeing the increasing need for regular financial reviews as key, there is now a definite focus on these areas in the coming year.

In contrast, growth in protection is cited by 18% of advisers as an opportunity this year, compared with 28% last year, and attracting orphaned customers is mentioned by fewer advisers, down to 19% from 24%.

Tim Orton says, “What is striking in this year’s survey is the polarisation of opportunities within the market. A large majority of advisers now consider retirement planning to be the best opportunity they have, but it is noticeable as well that advisers said frequent financial reviews are now more important than ever, with the low-interest rate environment driving a need for regular reviews to ensure clients are making the most of their investments.”

PLATFORMS

The number of advisers considering changing their main platform is slightly up from last year, with 14% saying they are considering this. However, this level has barely changed since September 2013.

Functionality remains the main reason for advisers considering change, but is relatively less important than previously, with 59% of advisers saying this is the main reason compared with 72% a year ago. Value for money, and cost, are both cited by 48% of advisers as a key reason which shows the importance of balancing these two related factors.

Perhaps as a reflection of the general sentiment of uncertainty, ‘financial strength’ has become more important as a factor behind wanting to change a main platform provider – 33% said this in November 2016, compared with 30% in November 2015, and 24% in May of that year.

Nearly all advisers (98%) conduct due diligence at least annually, with 4% saying they do it more often than that. 13% conduct due diligence with every new client.

Tim Orton commented,“It’s encouraging for us to know that due diligence is an integral part of BAU for advisers. In line with the survey findings we are seeing an increasing number of advisers concerned about the financial stability of their platform as part of their due diligence. At Aviva we’re here to stay and committed to investing in our proposition for the future, enhancing efficiency and functionality for our advisers and their clients.”

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Tokio Marine Life Insurance Singapore And Henner Group Target Globally Mobile Employees With New Care & Health Plan

Tokio Marine Life Insurance Singapore Ltd. (TMLS) has strengthened its partnership with Henner Group with the joint launch of a new international medical coverage solution for globally mobile employees in Singapore.

Developed in recognition of the 25 per cent increase in talent mobility levels over the last decade and the changing form of global assignments, such as short-term and project-based job postings, the new Care & Health plan aims to address the uncertainty faced in seeking medical insurance assistance in new and foreign markets. The plan will provide globally mobile employees with comprehensive medical insurance coverage when they relocate to Singapore, when they are re-assigned to other markets and while they are travelling overseas.

“Today's world is more interconnected than ever before, and employees with cross-border experience and skill sets continue to be highly sought-after. Singapore has one of the most globally mobile workforces in Asia2 , not only as a top destination for expatriate employees but also as a market where multinational corporations develop local talent for international assignments,” said Mr James Tan, Chief Executive Officer of TMLS.

"As part of our efforts to contribute to a safe, secure and sustainable global society, TMLS constantly explores meaningful propositions to meet the needs of our customers and business partners. The new Care & Health plan will support this valuable mobile workforce throughout their life journeys across the world, and we are extremely pleased to be partnering Henner to provide this exciting new offering.”

For globally mobile employees, a key consideration when selecting a medical insurance plan is portability, which provides certainty in the event of changes to their employment status or country of residence. The new Care & Health plan addresses this consideration by allowing employees covered under the plan to switch to an individual solution without an underwriting requirement, when they leave an employer or group plan after two years.

"As an international insurance solutions provider, our focus in the development of the Care & Health plan is to create a product that is a comprehensive and portable solution for the global workforce, leaving individuals free to focus on their careers, wherever these may take them. Care & Health plays an active part in Henner’s international development and we are proud to bring the Henner quality of service to Asia with this new plan, while remaining true to our fundamental ambition of being a partner for life to our clients,” said Mr Charles Robinet Duffo, Chief Executive Officer of Henner Group.

Other features offered by the plan include the choice of annual policy limits ranging from US$200,000 to US$4.5million, coverage for complementary therapies and medicines, comprehensive maternity benefits including in vitro fertilisation (IVF), and flexibility in optional dental or vision care add-ons, which includes Lasik surgery (commonly referred to as “laser”) and adult orthodontic work. The plan also offers cashless access to Henner’s well established international healthcare network for both Outpatient and Inpatient Hospitalisation and a claims processing average turnaround time of three working days or less.

First launched in Europe in late-2013, the Care & Health plan has received much praise and recognition as an innovative insurance solution for globally mobile individuals. In 2014, the Care & Health plan also earned Henner the Argus d'Or Innovation (“Golden Innovation Award”) under the Argus d'Or de l'Assurance ("The Insurance Golden Awards"), led by France's leading insurance weekly Argus de l’Assurance, in the "Personal Insurance for the General Public" category, as an innovative achievement in the insurance industry.

International Medical and health insurance news

 

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Mandatory Health Insurance For Expatriates Visiting Kuwait On Visit Visas

The decision is one in a series of new expat related restrictions in Kuwait, and will see a bill passed by parliament that will make health insurance mandatory for those expats visiting Kuwait on a visit visa.

According to local sources some expatriates only visit Kuwait to receive medical treatments, from routine check-ups to more complex surgeries. This puts a strain on the public hospital system and means Kuwaitis have to wait to receive treatments.

Related: Kuwait To Launch New Expatriate Healthcare System

 

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Medical Costs In Asia March 2016

The latest info graphic from Pacific Cross International, looks at medical costs around Asia.

Medical Costs In Asia March 2016

  • Thailand treatment of CARDIAC ARREST $38,906 USD
  • Malaysia treatment of BENIGN NEOPLASM OVARY $2,338 USD
  • Singapore treatment of UNS MALIGNANT NEO ESOPHAGUS $42,833 USD
  • Indonesia treatment of ACUTE MYOCARDIAL INFARCTION $22,458 USD
  • Vietnam treatment of CATARACT $4,102 USD
  • Philippines treatment of CARDIAC ARREST $74,727 USD
  • Hong Kong treatment of PATHOLOGICAL FRACTURE VERTEBRAE $90,478 USD

About Pacific Cross International

Pacific Cross International is a holding company for the Pacific Cross International group of companies. The group has provided health insurance in Asia for over 65 years. The companies operating entities are located in Hong Kong, Philippines, Thailand, Indonesia, Vietnam and Cambodia. Pacific Cross International as a group provides health insurance for over 75,000+ people representing 53 nationalities living in 42 countries. In 2014 the group provided travel insurance for 2,642,514 travel days for over 200,000+ people.

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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 for cover in a Gulf state where insurance has to be fronted/shared by a local insurer; Which or how many of these 5 countries do you book the premium into? Which currency do you measure it in?

If an American living in Cuba buys an IPMI policy from a Bermuda broker for a job in Trinidad and uses a UK insurer that works from a local office in the USA but pays claims from a global claims centre in Romania, how many of the 6 countries do you book premium and claims to?

It isn't so simple is it?

Coupled with the following facts breaking down the market size for PMI and IPMI is a complex if not impossible task:

Back-in-the-day Insurers would publish detailed by product or by country info but now they try to avoid it, as it is competitive gold dust.

Many country figures only cover onshore health insurance and not offshore so can mislead you when looking at the market value in countries that do not demand local cover.

Some big European and American global insurers only publish on a vague regional basis, or on types that lumps health in with life and accident covers.

In many smaller countries the offshore IPMI market is far bigger than any onshore PMI or IPMI market - and in some countries there is no domestic health insurance at all.

Few countries demand annual insurer returns by product and those that do ask for vague health, accident and protection figures. The definition of protection is so vague, it is open to interpretation. 

Currency conversion is a huge problem too - 2015 figures from various big insurers show that income and profit figures can vary by plus or minus 30% depending on what currency and what conversion rates are used.

Internet Facts

In the complex world of IPMI there is no space for "Internet Facts".

Facts from a country, insurer or trade body, are generally reliable but even "official" figures have to be watched as within Health there can be hospital cash or top-up covers and other non full PMI or IPMI figures.

Where governments demand returns on health insurance or there are official competition enquiries then there are some excellent numbers to crunch.

Understanding The PMI And IPMI Report Market

Unfortunately in 2016 there are so many sub-standard boiler plate healthcare, insurance and expatriate reports. They claim to have health insurance country figures, but when you shell out thousands of pounds of R & D budget, and look for yourself, they mix accident and health and protection together; and strangely they all seem to predict growth for the next five years of 20% a year.

We have seen reports that profile the top ten insurers' and base the country figures just on the rough claimed figures- where the top ten miss out more than half the market.

There are reports which show insurers country market share but the total always seems to add up to well over 100%!

So, how can we understand the size of the PMI and IPMI market?

International And Expatriate Healthcare And Insurance 2016 is the only reliable source of information that can be trusted to answer your question and even then there are still some gaps. But this is critical: this report deals in facts, not crystal balls.

The 2016 edition is the result of over a decade of specialist research and report writing and is the answer for insurers, brokers and corporations who struggle to break the market down.

Where there is decent data available, it is included and all data has been carefully researched, checked and verified with no outlandish or generic claims made. Past performance is not always a representation of future results.

2016 IPMI Report Facts And Features That Will Help You Size The Market:

Download the 2016 report information kit, click here.

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Test Your Knowledge Of iPMI And Health Insurance

The iPMI business crosses physical, cultural and perceptual borders minute-by-minute and is one of the most complex areas of insurance in terms of laws and regulations. Test your knowledge now of the International PMI and international health insurance industry with our new test.

  1. Which US insurer has a Central Europe service centre, and where is it?
  2. Which US insurer had horrific losses in one South American country and what was it?
  3. Who bought the IPMI book of Best Doctors, and what did they not buy?
  4. Name two global IPMI comparison sites?
  5. Which country’s New Year present to citizens took away their free health insurance?
  6. Which country brought in compulsory health insurance for travellers, and what are the excepted classes?
  7. Which country makes it almost impossible for expats to leave the state health insurance system?
  8. In which country can local employers be excused from insuring expats in the state health insurance scheme only if they have less than 5 expat workers?
  9. Which country has street patrols that can fine people who have no health insurance?     
  10. Which insurer will launch a new five- year plan in June?

REQUEST ANSWERS, FILL IN THIS FORM ONLINE.

If you struggle to answer all or most of these questions you may need a ready reference that answers these questions plus more. Enter: International And Expatriate Healthcare And Insurance 2016, the brand new report from industry analyst Ian Youngman, ACII.

Although there are now more opportunities than ever for insurers and brokers to sell iPMI and health insurance to locals and expats, to do so successfully YOU need to understand how healthcare and health insurance works in each targeted country - PLUS what the competition is doing. 

DOWNLOAD REPORT MEDIA KIT AND CONTENTS, CLICK HERE.

Compulsory insurance, voluntary top up covers, differences between what you can sell to locals and expatriates, rules on overseas investors, compulsory local partnerships, economic sanctions, and even local politics are all things that insurers and brokers must understand - as are newer factors of controls on insurance and healthcare prices, and recent compulsory health insurance rules for travellers or students.

Competition for business is not just from global groups, as regional groups and strong national insurers also want a slice of the market.

Do you follow the crowd to the Gulf, or see more potential in Africa, Asia and South America?

The business landscape is changing fast - such as the country that brought in compulsory free insurance for citizens and then with no warning scrapped the plan and told them to buy their own cover.

The last 2 years has seen massive changes in who owns who, who is partnering with who and local healthcare/insurance offerings. Historic information is interesting, but as investment companies warn "Past performance is no guide to future success".

This is the report that looks at the now and the future.

Report author Ian Youngman says, "This report has taken longer than expected to produce due to fast changing industry events. This has meant I had to make continuous changes to make sure we are fully up to speed. I have updated the previous report, doubled the number of companies, added new sections, added 60 countries and restructured it to make it more logical."

DOWNLOAD REPORT MEDIA KIT AND CONTENTS, CLICK HERE.

 

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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. Laundered cash from Britain’s largest gold bullion robbery was hidden in Panama. Argentinean President is being questioned by federal authorities. Thailand's Anti-Money Laundering Office investigating 16 people, including current and former politicians and well-known business people. Australia's tax office investigating 800 individuals named in data. Ukraine's President Petro Poroshenko says he has done nothing wrong. Austria's financial markets regulator says it is investigating whether two banks breached rules on money laundering after being named in the leaks. France opens a preliminary investigation into money laundering and tax fraud. Sanctions busting, arms dealing and more.

It sounds like the plots of half a dozen Nordic Noir television series, but it is all part of one scandal that took 350 reporters to reveal.

The Panama Papers includes more than 11.5 million financial and legal records from Panama law firm, Mossack Fonseca, exposing a global web that can enable crime and corruption.

The UK's Financial Conduct Authority has given banks and investment businesses only until Friday April 15th to hand over all dealings with the law firm in Panama. 

Even HMRC got a mention with much humour arising from the revelation that 600 offices of HMRC were owned and operated by a group of offshore companies that paid little or no UK tax.

What Is A Tax Haven?

Traditional tax havens are countries or regions where personal and business taxes are likely to be very low, or even non-existent. These countries often attract individuals and companies who are seeking to pay less tax than they would at home. Businesses may move their headquarters to a tax haven, or individuals choose to live there for some or all of the year, to qualify for the lower tax regime.

Tax Competition

Some countries or jurisdictions construct tax legislation with the explicit intention of becoming havens for those seeking to avoid tax in their own countries. This gives rise to tax competition between nations eager to get businesses to set up within their borders.

USA Tax Havens 

The term tax haven usually conjures up images of yachts, sea, sunshine and palm fringed, coconut white sandy beaches. But this isn't quite accurate.

President Obama likes to talk about Ugland House in the Cayman Islands that is home to around 18,000 companies, yet Delaware, which has a population of around 935,000, is home to some 945,000 companies, many of which are shell companies.

Shruti Shah, vice-president of programs and operations at Transparency International told The Guardian, “You don’t really have to go to Panama or other tax havens. They are not the only ones making it possible for corrupt officials and other criminals to launder their money. You can do it in every state in the US. In every state in the US, you can incorporate an LLC – [a limited liability company] – or another legal entity and you don’t have to disclose who the beneficiary on it is. In fact, Delaware is so synonymous with anonymous companies and ghost corporations that it was named in Transparency International’s Unmask the Corrupt campaign as one of the most symbolic cases of corruption.”

UK Tax Havens 

Without mentioning the numerous actual offshore islands like Jersey, Cayman or the BVI, closer to home The City of London, a pioneer in offshore currency trading in the 1950's still helps non-residents pay little or no tax. Changes to UK corporate tax law in 2011 allowed multinational's to pay little or no UK tax on foreign sourced income.

According to The Sunday Times January 2016, at least 6 of Britain’s 10 largest multinationals (including Shell, British American Tobacco and Lloyds Banking Group) paid no UK corporation tax in 2014.

Other companies that paid no UK corporation tax in 2014 were brewer SABMiller and AstraZeneca. BP and Glaxo Smith Kline declined to reveal how much UK corporation tax they paid but Glaxo Smith Kline did say they paid something.

Social network giant Facebook paid around £4,320 in UK corporation tax in 2014.

Few of us are paid enough to worry about which tax optimisation scheme to arrange, but for expats, advice on the best tax practices and even the best places to work is vital.

The semantics about tax evasion and avoidance by millionaires and corporations is sadly pointless. Both mean that people and companies do not contribute their fair share of the costs of schools, universities, hospitals, roads, railways, police and the other entire infrastructure that enables them to work or live in that country.

Reasons Expatriates Move Overseas

For many, especially the British, the weather can play a massive role in the reason to move overseas. Other reasons include a relaxed lifestyle, more career opportunities and apparently cost-of-living. Whilst it may be true that one may survive on $250PCM living in a mud hut in the Golden Triangle eating rice every day, to maintain similar standards as you may be use to back home, will be expensive. 

Another reason to move overseas can be to build up a nest egg, and that is why places such as Gulf States with low tax regimes are popular, particularly if the expats can avoid paying tax at home, or paying off their student loans while overseas.

But again, do not be fooled. Savings made on business rates and local taxes will be recouped elsewhere. Cost-of-living in some expat hot spots is ridiculously high and you will also pay in time due to red-tape and bureaucracy.

One recent example of the cost of expatriation is from a major EU expat hotspot. According to a source at iPMI Magazine, Government and local councils have no issue helping themselves to money from business and personal expat bank accounts. In some instances monies were owed. In other instances it was a major mistake. Other times fraud. "Money goes missing from our accounts all the time" said one expat who runs a local, not offshore, company. "Our house is in a small gated community and 3 houses share a lovely swimming pool and gardens. We have a separate bank account set up for maintenance payments to look after the up keep of the communal area. Local council will even dip into that."

Long Terms Affects

As yet no insurer has been mentioned in the Panama Papers but with so much material yet to emerge it seems inevitable. Investment arms of some global insurers will be involved in investment advice that uses tax havens plus many insurers do operate offshore.

What comes next is any ones guess but one thing is for sure, The Panama Papers are causing a massive stir that could lead to a backlash, affecting global businesses and expatriates; particularly those in locations regarded as tax havens.

The serious message to any expatriate or business based in a tax haven is to ensure your tax affairs are in good order, in case you get caught up in the knee-jerk responses from formerly asleep-at-the-wheel tax authorities.

 

 

 

 

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iPMI Magazine Articles

1st Use Of A Digital Covid-19 Health Certificate To Cross An International Border Completed By Traveller To Singapore

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The Post Pandemic Reality - How Businesses Can Prepare For Re-Opening Of Their Organisations

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Keeping Employers and Clients Informed: The US Tax Reform

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The Economy of Exclusivity Within the Pharmaceuticals Industry

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

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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...

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

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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...

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

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Omani Expatriates Run For Coverage

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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...

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Global Expansion Of 2nd.MD Innovative Expert Opinion

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Discover The Best Practices In Travel Risk Management

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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...

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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