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Swiss Re Corporate Solutions Completes Acquisition Of IHC Risk Solutions

Swiss Re Corporate Solutions has announced it has completed its acquisition of IHC Risk Solutions, LLC from Independence Holding Company (IHC).

With this acquisition, previously announced on 5 January 2016, IHC Risk Solutions will immediately adopt the Swiss Re Corporate Solutions brand. IHC Risk Solutions' former president, Mike Kemp, will lead the North America Accident & Health Business Unit of Swiss Re Corporate Solutions.

Swiss Re Corporate Solutions offers innovative, high-quality insurance capacity to mid-sized and large multinational corporations across the globe. Our offerings range from standard risk transfer covers and multi-line programmes, to highly customised solutions tailored to the needs of our clients. Swiss Re Corporate Solutions serves customers from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group.

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iJET International Appoints Robert Oatman Chairman of Security Intelligence Advisory Board

iJET International, Inc. have announced the appointment of a new chairman to its Security Intelligence Advisory Board, Robert “Bob” Oatman.

Oatman has served on iJET’s Advisory Board since 2002, and will now assume the role of chairman, where he will oversee the operations of the 14-member group. The announcement comes on the heels of Oatman also being named chair of the Executive Protection Council for ASIS International.

“Bob is an outstanding member of the iJET team. His counsel and leadership over the years have proven to be an invaluable asset to the board,” said iJET CEO, Bruce McIndoe. “This, combined with his wealth of expertise and industry-leading knowledge in the field of executive protection and security made him the natural choice for the position, and we are thrilled to have him at the helm as we continue to grow and strengthen our global footprint.”

Comprised of seasoned security, intelligence and health advisors with an abundance of senior and executive leadership experience in both the public and private sectors, iJET’s 14-member Advisory Board provides insight into evolving security and health threats and situations around the world as well as counsel to clients, the iJET executive team and more.

“It’s truly an honor to be named chairman of iJET’s Advisory Board, which includes some of the most distinguished and accomplished individuals I’ve had the opportunity to work with over the course my career,” said Oatman. “It has been an incredible experience to serve as a member of the board for almost 14 years, and I look forward to leading the board as we work together to support iJET’s strategic development and growth now and in the future.”

Robert L. Oatman, a Certified Protection Professional (CPP) is one of the preeminent providers of executive protection. His firm, R.L. Oatman & Associates, Inc., has provided executive protection risk assessments, consultation, operations, and training around the world since 1989. The firm specializes in developing detailed protection plans for the top executives of Fortune 500 companies in addition to private families, and operates an executive protection school near its headquarters in Towson, MD.

His experience includes overseas executive protection service to NBC during the Olympics in 1988, 1992, 1996 and 2000. He served as director of Protective Operations at Limited Brands, Inc. from1992-1997, and continued to serve that company as a protective consultant until 2004. Previously, he served with the Baltimore County P.D. retiring as a Major, Chief of Detectives.

Oatman is also the author of Executive Protection: Smarter.Faster.Better (American Literary Press 2015), Executive Protection: Rising to the Challenge, (ASIS Inter. 2009), Executive Protection: New Solutions for a New Era, (Noble House 2006), The Art of Executive Protection, (Noble House 1997).

He holds a B.S. Degree in Criminal Justice from the University of Baltimore and is a graduate of the FBI National Academy and the Federal Executive Institute. In 2003, he received the FBI Director's Award for Exceptional Service in the Public Interest and in 2010, was presented the ASIS International President's Award of Merit at the ASIS International Convention in Dallas, Texas.

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UK Families At Risk Of Financial Shock As Death Remains Taboo

The taboo of mortality and a growing culture of “living in the moment” has left UK families woefully unprepared for the financial impact of death, Aviva’s latest Family Finances Report reveals.

Aviva’s data shows almost two in three UK adults (62%) feel death is a taboo subject, which makes it hard for people to discuss their concerns. While 43% say they talk openly about death and do not view it as a taboo subject themselves, more than half (51%) say they don’t want to think or talk about it because they just want to enjoy their life.

Funeral arrangements (18%) or life-changing illnesses (14%) rank among the topics people are most uncomfortable talking about with their wider adult family, alongside conversations about their sex life (55%), debts (22%) and general finances (21%).

Few have made the necessary practical preparations to protect their family in the event of their death, because of the discomfort and unwillingness to discuss the subject. Only 14% of parents have a formal, written plan of who will care for their children if anything was to happen to them, compared to 27% who have an organ donor card.

Couples with one child are the least likely to have a formal plan (11%), which may suggest that new parents are unlikely to have thought about making such provisions.

More worrying still is the fact that more than half (54%) of parents have made no plans whatsoever, including more than a quarter (28%) who don’t think they will ever need or want a plan for childcare if they were to pass away.

While one in five (20%) parents have an informal plan for contingency childcare which they have had conversations about, 13% have not discussed these plans with anyone yet.

Financial preparations stuck on families’ to-do list

Many families still haven’t made financial preparations for death, despite being aware of the need for these. More than half (55%) of UK adults feel they should have a will but have not yet arranged one, even though there is only a low cost attached.

Nearly six in ten (58%) have not yet made a list of financial arrangements and providers to help their family sort out their affairs should they die, despite feeling they should have. This rises to 61% of single parents raising children alone, who would arguably benefit most from these arrangements.

A similar proportion (57%) of all families recognise the need to have an accessible list of online account details but have not yet done this.

Some do not think making financial arrangements is even necessary: 14% do not think they will ever need or want a will, rising to a quarter (25%) of people who have not yet considered their own mortality. An even higher proportion don’t think they will ever need or want life insurance (26%) or death in service cover (44%), despite the fact that one in eight males and one in 12 females die during their working life.

Lack of practical preparation extends to parents’ wishes

Almost two in three (62%) adults whose parents are still alive have not had any conversations together about their wishes in the event of their death. Of these, most say it is because they’ve never thought about having this type of conversation (63%) although 14% say it is too upsetting while 13% do not want to upset their parents. One in ten (11%) say their parents find it too upsetting or uncomfortable.

Among those who have had these discussions, the majority have only done so because their parents initiated it (40%). Just 15% were responsible for bringing it up in conversation themselves. Even fewer have fully discussed the details of their parents’ funeral (13%) wishes and just one in five (20%) have fully discussed the details of their will.
Even among those who have already experienced the death of one parent, more than half (56%) have not discussed their remaining parent’s wishes, with 59% of these never thinking about having this type of conversation.

Louise Colley, managing director, protection, Aviva said, “It’s been said that there are only two things certain in life: death and taxes. It’s perfectly understandable why people are reluctant to talk about the latter, but if we can’t talk about something then it is impossible to plan for it."

“No-one likes to think of death, but it’s equally discomforting to think of family members being left financially vulnerable or unsure what to do if you were no longer around. There are certainly steps that can be taken to ease the practical and financial challenges that arise after the death of a loved one."

“We need to change the approach to conversations about mortality. Having honest and open discussions around financial and practical arrangements can really help to avoid even greater hardship if the worst should happen. Making sure your finances are in order – and taking appropriate steps to plan for the unforeseen – will provide peace of mind and mean you can continue to protect and support your family even after you are gone.”

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International Travel Risk Security Advice, Warnings, News And Intelligence

Kenya Travel Advice: Heightened Personal Security During The Christmas Holiday Season

The Kenyan authorities have advised heightened personal security during the Christmas holiday season; on 21 December 2015, the Kenyan Ministry of Interior and Co-ordination of National Government issued a public watch notice urging citizens to play a role in counter terrorism and prevention of criminal activities by being vigilant and reporting any suspicious activity, items and people. 117,000 British residents visited Kenya in 2014. International Private Medical Insurance For Kenya Take out comprehensive international private medical insurance before you travel to Kenya, to cover the cost of any medical treatment abroad or emergency repatriation and evacuation. Be sure to read…Written on Wednesday, 23 December 2015 15:32 in iPMI Magazine Travel Warnings and Intelligence


Turkey Travel Warning: Reports Of An Explosion At Sabiha Gokcen Airport

Reports of an explosion at Sabiha Gokcen airport in Istanbul at around 2am on 23 December 2015; the circumstances of the incident are currently under investigation; the airport remains open. Over 2,500,000 British nationals visit Turkey every year. Visas British nationals need a visa to travel to Turkey, except for cruise ship passengers with ‘British Citizen’ passports who arrive at sea ports for tourist visits to the port city or nearby cities, provided that the visit doesn’t exceed 72 hours. If you’re visiting Turkey as a tourist or on business, get an e-Visa online before you travel. Only use the…Written on Wednesday, 23 December 2015 12:03 in iPMI Magazine Travel Warnings and Intelligence


Tunisia Travel Warning: State Of Emergency Has Been Extended For 2 Months

State of emergency has been extended for 2 months from 24 December until 21 February 2016. Further attacks remain highly likely, including against foreigners. Security forces are on a high state of alert in Tunis and other locations. You should be especially vigilant and avoid crowded places over the holiday period, including around Mouled (24 December), Christmas and New Year. If you choose to travel to or remain in Tunisia then you should check that your insurance policy provides adequate cover. You should be especially vigilant and follow the advice of the Tunisian security authorities. There are no direct flights…Written on Wednesday, 23 December 2015 11:08 in iPMI Magazine Travel Warnings and Intelligence


USA Travel Advice: Changes To Visa Waiver Programme (VWP)

18 December 2015 and the US Congress passed a Bill updating the requirements for the Visa Waiver Programme (VWP). Under the new rules, with effect from 1 April 2016, all travellers wishing to enter the US under the VWP will need to hold a passport with an integrated chip. Around 3.8 million British nationals visit the United States every year. Most visits are trouble free. Take out comprehensive travel and medical insurance before you travel. The US Visa Waiver Programme (VWP) allows most British Citizen passport holders to visit the US for up to 90 days without a visa, but…Written on Tuesday, 22 December 2015 11:05 in iPMI Magazine Travel Warnings and Intelligence


Brazil Travel Warning: Cases Of Zika Virus Reported

Cases of Zika virus have been reported in a number of states; you should take steps to avoid being bitten by mosquitoes. Take out comprehensive travel and medical insurance before you travel to Brazil. Foreign nationals are entitled to emergency medical treatment in Brazilian public hospitals. Public hospitals in Brazil, especially in major cities, tend to be crowded. Private hospitals will not accept you unless you can present evidence of sufficient funds or insurance. Make sure you have adequate travel health insurance and accessible funds to cover the cost of any medical treatment abroad and repatriation. If you need emergency…Written on Monday, 14 December 2015 15:20 in iPMI Magazine Travel Warnings and Intelligence


Philippines Travel Warning: Typhoon Melor (Nona)

Typhoon Melor (Nona) forecast to bring hazardous sea and weather conditions to parts of the country from 14 December 2015. Around 20 typhoons hit the Philippines each year. Most typhoons occur from June to December. There may be flooding and landslides. You should monitor the progress of approaching storms and follow the advice of the local authorities, including any evacuation orders. Typhoon Melor (Nona) is forecast to bring hazardous sea and weather conditions to parts of the country, in particular northern Visayas and southern Luzon, from 14 December. Around 133,665 British nationals visited the Philippines in 2014. Take out comprehensive…Written on Monday, 14 December 2015 12:26 in iPMI Magazine Travel Warnings and Intelligence


Lebanon Travel Security Warning: Explosions In Southern Suburb Area Beirut

12 November 2015 and there were explosions in the southern suburb area of Beirut. Reports indicate that many people have been killed and injured. iPMIM advises against all travel to the southern suburbs of Beirut. Avoid this area and monitor local media for updates. On 10 January 2015, 9 people were killed and over 30 wounded in a suicide bomb attack in the Jebel Mohsen area of Tripoli. On 28 January 2015, there was an attack on the Israeli military in the Shebaa Farms area with reports of cross-border shelling near the towns of Majidiyeh, Kfarshouba, Abbasiye and Wazzani. A…Written on Friday, 13 November 2015 14:00 in iPMI Magazine Travel Warnings and Intelligence

iPMIM Advises Against All But Essential Travel By Air To Or From Sharm El Sheikh Airport

Over 900,000 British nationals visit Egypt every year. Most visits are trouble-free. 31 October 2015, a flight from Sharm el Sheikh to St Petersburg crashed in North Sinai. Egyptian and Russian authorities are conducting an investigation. There is a significant possibility that the crash was caused by an explosive device. As a precautionary measure, we are now advising against all but essential travel by air to or from Sharm el Sheikh. UK carriers will not take passengers directly to Sharm el Sheikh airport. FCO are working with the Egyptian authorities and air carriers to put special security measures in place…Written on Thursday, 05 November 2015 07:39 in iPMI Magazine Travel Warnings and Intelligence
Philippines Travel Advice: Security Ramped Up For APEC Summit

The Philippines hosts the Asia Pacific Economic Co-operation (APEC) summit in Manila on 16 to 20 November. There will be a heightened security presence across the city including at Ninoy Aquino International Airport. Scheduled road closures and security checkpoints will cause delays in travel across the city and many schools, government offices and businesses will be closed. If you are flying to or from Manila during this period check with your airline, as flight delays, diversions and cancellations may occur. Around 133,665 British nationals visited the Philippines in 2014. Most visits are trouble-free. Take out comprehensive travel and medical insurance…Written on Monday, 02 November 2015 14:14 in iPMI Magazine Travel Warnings and Intelligence

Egypt Travel Advice

31 October 2015, a flight from Sharm el Sheikh to St Petersburg crashed in North Sinai; Egyptian and Russian authorities are conducting an investigation. Over 900,000 British nationals visit Egypt every year. Most visits are trouble-free. Parliamentary elections are scheduled to take place from 18 October to 23 November. There may be rallies around the country in the run up to the elections. You should avoid all rallies and demonstrations. On election days tight controls will be in place around polling stations with access restricted to voters and officially accredited observers. In previous elections British nationals have been arrested close…Written on Monday, 02 November 2015 11:20 in iPMI Magazine Travel Warnings and Intelligence


UK FCO: Concerns About Quality Of Medical Treatment In Holiday Resorts In Egypt

The South Sinai Hospital in Sharm el Sheikh is currently under investigation by the Egyptian Ministry of Health; there are alternative state and private hospitals in Sharm el Sheikh. You can find a list of most commonly used hospitals in Egypt on the British Embassy website. In an emergency dial 123 and ask for an ambulance. You should contact your travel company and your insurance/medical assistance company promptly if you are referred to a medical facility for treatment. There are reports of some hotel doctors overcharging for treatment and medicines. Examine your bill closely and challenge excessive charges. Pharmacies outside…Written on Monday, 05 October 2015 11:21 in iPMI Magazine Travel Warnings and Intelligence


Tajikistan Travel Warning: Armed Clashes Involving Security Forces Resulting In A Number Of Deaths Reported Close To Dushanbe International Airport

4 September, armed clashes involving security forces resulting in a number of deaths were reported close to Dushanbe International Airport. Tajik authorities are investigating and there is an increased security presence in the area. Given the possibility of further incidents, you should take extra care and monitor the local media. Tourism, health and transport infrastructure is poor and travel requires careful planning. Avoid off-road areas immediately adjoining the Afghan, Uzbek and Kyrgyz borders, which may be mined. Take out comprehensive travel and medical insurance including evacuation by air ambulance before you travel.Written on Friday, 04 September 2015 10:56 in iPMI Magazine Travel Warnings and Intelligence


International Trains From Budapest Have Been Suspended Until Further Notice

International trains from Budapest Keleti train station have been suspended until further notice due to disruption. Monitor the local media, and check with your carrier and the Hungarian Railways (MÁV) website for further information. Since the end of August 2015 there has been considerable disruption to rail and road transport from Budapest to the Austrian border. This is due to police and border enforcement action as a result of significant numbers of people seeking to transit through Hungary. Around 400,000 British nationals visit Hungary each year. Take out comprehensive travel and medical insurance before you travel.Written on Friday, 04 September 2015 10:53 in iPMI Magazine Travel Warnings and Intelligence


India Travel Warning: Flood Warnings For Uttar Pradesh, Bihar, Assam And West Bengal

A flood warning has been issued to Uttar Pradesh, Bihar, Assam and West Bengal due to the possibility of heavy rainfall in the foothills of the Himalayas over the next few days. The rainfall will also lead to swelling of rivers Kosi, Gandak and Ghaghara, tributaries of Ganga and all tributaries of Brahmaputra. You should monitor local and international weather updates from the Indian Meteorological Department and follow the advice of local authorities and your travel company. Over 800,000 British nationals visit India every year. Before you travel to India, take out comprehensive medical and travel insurance and read the…Written on Wednesday, 19 August 2015 06:20 in iPMI Magazine Travel Warnings and Intelligence

SOURCE

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Accessing Medical Care Abroad: More Expatriates Look Locally

Cigna Global Health Benefits® (NYSE: CI) and the National Foreign Trade Council (NFTC) recently surveyed more than 2,700 expatriates working in 156 countries to better understand how they and their families experience, perceive and value various elements of assignment terms and programs.

While many surveys tell the global mobility story from the perspective of the employer, this survey is unique because it gathers candid feedback from the globally mobile themselves—information employers are rarely able to gather on their own.

Expat profile

Among people who work outside of their home country, three things are true: they are male (81%), middle-aged and have a family. Beyond that, all bets are off.

The globally mobile are growing older; Gen X is entering its peak earning years and Baby Boomers are remaining in the workforce longer than did previous generations. According to the survey results, many expats are leaving their families at home for various reasons. Today, many assignment locations are in emerging markets or a remote location, which is one reason expats might leave their families at home. In recent years, there has also been a dramatic increase in business and technology-related assignments with shorter durations; generally between six and 12 months. Thirty-eight percent of respondents reported that they did not bring their children with them during assignment.

Although most expats still hail from the U.S., their numbers are down by 10% from just two years ago (and down 24% from the 2001 survey). Globalization is likely a factor with more companies having operations across the globe with access to qualified local talent. The U.S. tax regulations may also be a reason for the decline, making expatriation of U.S. nationals more expensive than expatriates from other countries.

Accessing medical care abroad: more expats look locally

The proportion of expats accessing medical care on assignment stayed consistent from 2013 at 79%. Seventy-five percent of expats said they access local providers for routine medical care.

Gender appears to play a role in which type and where expats and their families access care during assignment. While the rate at which men accessed care stayed about the same (78% this year versus 77% in 2013), the share of women accessing care rose five percentage points to 83%. Even though a larger percentage of women are accessing care while abroad, they are slightly less likely than men to seek care locally. However, more women (47%) said they were much more likely to seek treatment locally for serious medical care than they did in 2013 (38%).

Mobility benefits packages: Flexibility and customization

Greater flexibility in plan design was a common theme when employees were asked what employers might change or add to their global mobility assignment packages to make them more useful.

“Similar to what we saw in the 2013 results, a one-size-fits-all approach to mobility program services can lead to potential dissatisfaction, or worse, an unexpected end to a global assignment,” said Leah Cotterill, vice president, North America Client Management, Cigna Global Health Benefits. “Global mobility directors have to be cognizant of striking a balance between the needs of the business and those of the expats and their families. While the trend toward managing costs through benefits reduction might save companies money in the shorter term, the approach may not lead to longer term satisfaction, loyalty, trust or success.”

Support and communication

Results from this year’s survey indicate that certain gaps – whether real or perceived - still exist between the resources employers say they provide to expats in comparison to what employees say they need.

Communications – before, during and after assignment – are critical to expats and the success of their assignment. Survey responses indicate that employers shouldn’t be worried about over-communicating.

  • 38% of respondents received only one communication prior to departure and nearly a third received two to three.
  • More than 75% received information about their global mobility program benefits during assignment. Of this group, one in four received messages on a quarterly basis.
  • Email and phone calls with HR/global mobility representatives were the top two forms of communication with 90% and 70%, respectively.

Overall, the support employers have traditionally made available aligns with what expatriates say is needed. More than three-quarters of respondents said their employer provides help with moving household goods; setting up utilities and other settling-in needs, as well as help with finding doctors and getting vaccinations. Yet, globally mobile employees say they need more, particularly related to local culture and lifestyle.

Only 20% of information sent to expats before assignment covered local lifestyle resources such as grocery stores, child care, etc. “Prepare employees better for the cultural shock they will experience, particularly for newcomers,” said one respondent.

The use of digital communications, particularly social media, increased dramatically since the 2013 survey. More than twice as many expatriates chose Facebook this year than they did in 2013, which reflects the increasing use of social media as a human resources portal by employers.

There also appears to be a dramatic change in the perceived usefulness of digital resources. Nearly twice as many expatriates in 2015 said their employer intranet is an effective communication tool. Interestingly enough, almost half (44%) said that they either didn’t know or their employer didn’t offer online access to information concerning their mobility benefits program.

“Globally mobile employees and their families want reliable and consistent communication from employers from preparing them for assignments before they depart and ensuring they feel appropriately supported and connected while away,” commented Cotterill. “While many employers are making strides in this area, more can be done to better facilitate communication concerning global mobility program features and services for employees and their families.”

“As businesses continue to expand and compete in today’s global marketplace, the importance of global mobility has never been greater,” said Bill Sheridan, NFTC Vice President of International Human Resources. “This year’s survey results not only reflect this, but also reveal key insights into how global mobility and the expectations of expats have changed since 2013 – insights that should influence how employers meet the needs of their expats going forward.”

Expatriation: A lifestyle choice, not just an economic obligation.

This year’s results demonstrate that global mobility is no longer just an economic obligation, but is instead a lifestyle choice evolving into a career unto itself. The spirit of adventure, the potential to hone one’s qualifications and the appeal of living abroad remained the greatest influences on the decision to accept a first assignment.

One key difference to note is the proportion of expats who indicated they went abroad because they wanted to versus feeling they had to—down by 12.5% since the 2013 survey. Additionally, the number of expats who have been on five or more international assignments increased sharply to 25% from 18% in 2013. This may indicate that global mobility is becoming an occupation in its own right.

Repatriation: Just as difficult as expatriation.

Slightly more than half (54%) of expats who responded to the survey say their employer has a formal repatriation program – and yet most employers report they offer one. In fact, many respondents expressed that repatriation is effectively as difficult as expatriation.

Expats find a return home can result in culture shock. Changes in finances and taxes for the household were a big concern, as was finding new employment. “My family and I will probably need as much (if not more) help repatriating than we have needed on assignment,” said a respondent.

Many expats recommended beginning repatriation arrangements at least three months before departure. Commenting on a return home after assignment, one respondent said, “I’d like to see a repatriation program in which we are given news of the return home at least three months prior to the move so we can prepare.”

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Global Catastrophe Losses In October Expected To Top USD10BN

Aon Benfield's catastrophe model development team, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during October 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON).

The report reveals that the expected USD2.0 billion minimum economic cost of the South Carolina & eastern U.S. floods will place the event as one of the top 10 costliest non-tropical cyclone flood events in the country since 1980. Public and private insurers have already reported more than USD400 million in payouts.

Meanwhile, Hurricane Patricia became the strongest tropical cyclone ever recorded in the Western Hemisphere when its maximum sustained wind speeds reached 200 mph (325 kph) and made landfall in Mexico. Preliminary economic damage was estimated at USD300 million but, given low insurance penetration in the hardest-hit areas, insured losses were expected to be negligible.

This cyclone contributed to a record 22 global tropical cyclones in the Northern Hemisphere that have reached Category 4 or 5 intensity in 2015, breaking the previous record of 18 set in 2004. Most of these storms in 2015 have been in the Pacific Ocean, which is to be expected given the very warm sea surface temperatures that have been enhanced by El Nino's intensity.

Steve Bowen, Impact Forecasting associate director and meteorologist, said, "October ended as one of the most active, and costly, months of 2015 for natural disasters. Many of the major weather events – such as record-breaking tropical cyclone activity in the Pacific Ocean, the historic South Carolina floods, and deepening global droughts – were clearly impacted by the current El Nino's growing fingerprint on global weather patterns. Given the increasing intensity of El Nino, it is expected that these impacts will become even more defined around the world as we enter the boreal late autumn and winter months."

Elsewhere in October:

  • A major magnitude-7.5 earthquake struck northern Afghanistan on October 26, shaking a large swath of the country as well as portions of Tajikistan, Pakistan and India with at least 403 people confirmed dead
  • Typhoon Mujigae became the costliest tropical cyclone of 2015 after making separate landfalls in China and the Philippines
  • Super Typhoon Koppu made landfall in the Philippines as a strong category 4 typhoon, killing at least 58 people and injuring 83 others
  • Major Hurricane Joaquin lashed the Bahamas before tracking past Bermuda
  • Severe thunderstorms in the French Riviera impacted areas from Monaco to Frejus, prompting massive flash flooding
  • Drought conditions worsened in Papua New Guinea as El Niño impacts intensified globally
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OUT NOW: International Private Medical Insurance Companies and Providers V1.3 - Adds NEW Wellaway Advertising Campaign

Version 1.3 of the International Private Medical Insurance Provider Directory is out now.

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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OUT NOW: International Private Medical Insurance Companies and Providers V1.2

Version 1.2 of the International Private Medical Insurance Provider Directory is out now with the addition of Antaé, a leading employee benefits firm based in Switzerland.

Based in Lausanne in Switzerland, Antaé is specialised in advice, design and distribution of international mobility solutions: private medical insurance, travel health insurance, assistance and security, protection, kidnap and ransom, pension. Our clients are international corporate businesses and organisations, NGOs, international private schools and international students in Switzerland. Antaé is FINMA registered – N° 28246

Medical insurance underwriters and providers are represented and International Private Medical Insurance Magazine would like to take this opportunity to say a warm thank you to all of the guide sponsors including ALC Health, Antaé, Cigna Global iPMI, Expatriate Group, GeoBlue, Globality Health, Healthcare International, Integra Global and Wellaway.

GET LISTED

List your company in the iPMI Magazine iPMI company guide. Working hand-in-hand with your own company micro website on iPMIM, this guide can land-your-brand on the desk of an eclectic worldwide readership.

 

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Preliminary Sigma Estimates For First-Half 2015: Global Catastrophes Cause Economic Losses Of USD 37 Billion; Number Of Victims Rises

According to preliminary sigma estimates, total economic losses from natural catastrophes and man-made disasters reached USD 37 billion in the first half of 2015. The global insurance industry covered nearly 45% (USD 16.5 billion) of these losses, which is higher than the previous 10-year average cover of 27%. Around 18 000 people lost their lives in disaster events in H1 2015, up from more than 4 800 in the first half of last year. The earthquakes in Nepal, and a heatwave in India and Pakistan, claimed the highest number of victims.

Natural catastrophes caused total economic losses of USD 33 billion in the first half of the year, well below the USD 54 billion in H1 2014 and also the average first-half year loss over the previous 10 years (USD 99 billion). Of the overall insured losses, USD 12.9 billion came from natural disasters, down from nearly USD 20 billion in H1 2014 and again below the average first-half year loss of the previous 10 years (USD 25 billion). The costliest natural catastrophes for the insurance industry resulted from severe winter weather and thunderstorms in the US and Europe. In February, a winter storm in the northeastern US caused insurance losses of USD 1.8 billion, the highest loss of any event so far this year. Man-made disasters, meanwhile, triggered an additional USD 3.6 billion in overall insurance losses in H1 2015.

Earthquakes and soaring temperatures claim thousands of lives
Disaster events claimed many lives in the first six months of 2015. In all, around 18 000 people lost their lives. There were more than 9 000 fatalities in the earthquakes that struck Nepal in close succession in April and May, the largest loss of life due to any natural catastrophes so far this year. The quakes also left many people homeless. The economic losses in Nepal are estimated to be more than USD 5 billion. Of those, only around USD 160 million were insured losses.[1]

"The tragic events in Nepal are a reminder of the utility of insurance," says Kurt Karl, Chief Economist at Swiss Re. "Insurance cover does not lessen the emotional trauma that natural catastrophes inflict, but it can help people better manage the financial fallout from disasters so they can start to rebuild their lives".

In the same region, India and Pakistan were hit by a severe heat wave in May and June. Temperatures soared to 48°C, the highest recorded since 1995. It is estimated that more than 2 500 people died in India and 1 500 in Pakistan as a result of the extreme heat.

Another factor in the high number of victims of disaster events in the first half of this year is the number of migrants who have died attempting to reach Europe from conflict zones in northern Africa, often in unseaworthy vessels. In search of a better life, sadly these people have instead lost their lives as the boats capsized while carrying them across the Mediterranean.

[1] The insured loss estimate for the Nepal earthquakes is subject to change.

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Typhoon Chan-hom Causes USD1.5bn Economic Loss In China

Aon Benfield's catastrophe model development team have launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during July 2015.

The report reveals that Typhoon Chan-hom tracked across much of the Western Pacific Ocean during the month, causing extensive damage in China, Japan's Okinawa Island chain, South Korea, Taiwan and Guam, killing at least six people and injuring 30 others.

Total economic losses were estimated at more than USD1.6 billion, with China bearing the greatest impact; according to China's Ministry of Civil Affairs, damage from Chan-hom had resulted in a CNY9.1 billion (USD1.5 billion) economic loss, mainly as a result of damage to agricultural interests and infrastructure.

Additional landfalling tropical cyclones in Asia during the month included Typhoon Linfa and Super Typhoon Nangka, which caused total economic losses of USD214 million and USD200 millionrespectively.

Adityam Krovvidi, Head of Impact Forecasting Asia-Pacific, said, "The recent tropical cyclone losses inAsia show that the peril remains an increasingly costly one for the continent on both an economic and insured loss basis. With the peak of the Western Pacific typhoon season approaching, we can expect further chances of landfalls in the basin. Impact Forecasting has developed an Asian typhoon model and a Japan typhoon model to help our clients evaluate their risks for when the next event strikes."

Elsewhere during the month, two separate stretches of severe thunderstorms impacted the United States, with the majority of damage occurring in the Midwest, Plains, Southeast and the Northeast as a result of tornadoes, large hail, and damaging straight-line winds. Initial insured loss estimates reachedUSD325 million.

Meanwhile, Cyclone Raquel brought torrential rainfall to portions of the Solomon Islands as more than 150 buildings were damaged or destroyed and almost 40,000 food gardens sustained damage.

Also occurring during July:

  • Seasonal monsoon rains brought considerable flooding and landslides across a wide area of southern Asia, killing more than 250 people and injuring hundreds of others. Some of the most significant damage was registered in parts of China, Pakistan, India, Nepal, Vietnam,Myanmar, Bangladesh, and Afghanistan. Total aggregated economic losses were estimated at more than USD2.0 billion, with the majority of losses sustained in China.
  • Floods impacted Costa Rica's Caribbean coast. An estimated 322 communities were affected by the floods and landslides as 3,308 homes were inundated.
  • Severe thunderstorms impacted Western Europe, killing at least three people. Widespread damage was reported in multiple countries primarily due to large hail and fallen trees. The Dutch Association of Insurers noted that losses were expected to minimally reach EUR13 million (USD14 million), with the figure expected to rise.
  • Severe drought conditions persisted across at least 10 Chinese provinces, resulting in total economic losses estimated at CNY11.8 billion (USD1.8 billion).
  • Wildfires caused minor structural damage in Canada and the United States.
Read more...
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iPMI Magazine Events, Summits and Conferences

AMII Summit Addresses 'Prominent Issues' Of AI And Mental Health

Some of the 'most prominent issues in healthcare' and 'stories of hope and recovery' were all on the agenda at the Health and Wellbeing Summit held by the Association of Medical Insurers and Intermediaries (AMII). Opening the Summit, AMII Chairman Stuart Scullion talked of 'continuous change and advances in healthcare' before introducing the themes of the 2018 flagship event: Mental health, Artificial Intelligence, and improving quality in the industry. Stuart said: "Each of us deals with change in a different way, and I am minded of eminent psychiatrist Elizabeth Kubler-Ross, who created her theory on the anatomy of change with the creation of...

26-11-2018 Events Conferences Exhibitions

Global Duty Of Care Awards: Call For Nominations

The International SOS Foundation launches the first annual Global Duty of Care Awards to recognise organisations and individuals who have made a significant contribution to protecting their staff as they travel and work overseas. The International SOS Foundation is a not-for-profit organisation with the goal of improving the safety, security, health and welfare of people working abroad or on remote assignments through the study, understanding and mitigation of potential risks.Laurent Fourier, Director of the International SOS Foundation, said, “A considerable amount of effort is involved across departments to support travelling staff. The goal of the awards is to recognise those involved in...

16-02-2016 Events Conferences Exhibitions

MENA Health Insurance Congress, 16 - 17 May 2016, Dubai

Demand for healthcare in the MENA region has risen as a result of high population growth, increased life expectancy, lower mortality rates, the prevalence of lifestyle related diseases, and an aspiration for better quality healthcare services. The MENA Health Insurance Congress, taking place in Dubai from 15-17 May 2016, is a strategic platform for all the stakeholders to discuss and collaborate on the developments of mandatory health insurance in the region; look into global healthcare trends that will shape the future changes; examine fraud and abuse in the health insurance system; strengthen payer and provider partnerships; regulate pricing and medical inflation; and the...

21-01-2016 Events Conferences Exhibitions

IMTJ Medical Travel Summit May 24th - 26th 2016, Hotel Meliá Avenida América, Madrid, Spain

The IMTJ Summit is a high level event aimed at senior decision makers involved in the medical tourism and international patient market. There are many conferences and congresses that have grown up around the industry; most have failed to deliver the content that delegates want and to address the major issues that face the industry. In 2015 in London, we proved that it’s possible to deliver a medical travel event that delivers GREAT value to delegates, sponsors and exhibitors. Read the FEEDBACK on the 2015 Summit. For 2016, we promise you… GREAT speakers. We handpick our speakers. People who have true insight and knowledge AND who can...

31-12-2015 Events Conferences Exhibitions

ABI Biennial Conference 2015

There is now only five weeks to go until the 2015 ABI Biennial Conference - Agenda 2020 which will be the largest and most significant gathering of insurers & stakeholders following the 2015 General Election. In partnership with KPMG, this event will bring together industry leaders, leading politicians and regulators to debate the major issues affecting the industry. WHEN: 03 November 2015  09:00 - 17:00 WHERE: 155 Bishopsgate, London, EC2M 3YD Keynote speakers: Paul Evans, Group Chief Executive, AXA UK and Chairman of the ABINick Robinson, JournalistTracey McDermott, Acting Chief Executive, FCAConfirmed speakers: Sam Woods, Executive Director, Insurance Supervision, Prudential Regulation AuthorityNatalie Berger, Head of Unit of Insurance and Pensions, DG FISMA...

30-09-2015 Events Conferences Exhibitions

Annual Bermuda Captive Breakfast Seminar in Calgary Deemed a Success

A Delegation of Leading Insurance Executives Led an Informative Panel Discussion in Calgary Using a Client's Experience to Showcase Why Bermuda Continues to be a Preferred Domicile for Captive Formations. Following the successful delivery of the first Bermuda Captive Breakfast Seminar in Calgary last year, a second event highlighting Bermuda's robust captive market took place recently. The Seminar, which provided insight into the benefits of the Canada-Bermuda Tax Information Exchange Agreement (TIEA), also served as a high-level networking event with potential buyers from large and middle market companies. Risk managers, CFOs and prospective captive owners heard of Bermuda's value as the oldest...

05-12-2013 Events Conferences Exhibitions

iPMI Magazine and Informa Life Sciences Join Forces

Accelerating the understanding of the importance of insurance and protection, International Private Medical Insurance Magazine is excited to announce a brand new media partnership with leading event company Informa Life Sciences. A division of Informa PLC, Informa Life Sciences lead the market in providing quality, expert-led conferences; delivering the expert knowledge clients need to excel in their professional roles and guaranteeing a competitive advantage for their organisations. The Informa Life Sciences Events portfolio covers Pharma, Biotech, Health Insurance, Group Protection and more recently the Medical travel industries. Informa also own and publish the UK's leading Health insurance print magazine “Health Insurance Magazine.”...

01-02-2013 Events Conferences Exhibitions

International Medical Travel Exhibition and Conference: IMTEC 2013, 22-23 March 2013, Grimaldi Forum, Monaco

International Private Medical Insurance Magazine Announces Full Media Support and Partnership with Informa Life Sciences Event The International Medical Travel Exhibition and Conference (IMTEC 2013). Medical tourists are the best advocates for effective health solutions. Experts at IMTEC 2013 will discuss benchmarking for outcomes in global medical travel industry Monte Carlo, Monaco: Current trends in the medical tourism industry indicate that the needs of international patients are challenging health service providers to come up with advanced solutions for quality healthcare outcomes. The basic question of a medical traveler is always ‘Who is the best doctor?’ This new approach – benchmarking for outcomes...

01-02-2013 Events Conferences Exhibitions

Healthcare Insurance & Group Risk Protection 5th June 2013 The Charing Cross Hotel, London, UK

Health Insurance and Group Risk Protection, created by the sister company of HI Magazine, is the industry's first independently researched conference looking at the latest issues driving the PMI market. This event is targeted at leading Employee Benefit Consultancies, Brokers, Intermediaries and IFAs and provides practical information to help drive forward your business and improve yourself professionally. About Informa Life Sciences Informa Life Sciences lead the market in providing quality, expert-led conferences; delivering the expert knowledge our clients need to excel in their professional roles and guaranteeing a competitive advantage for their organisations. Our diverse portfolio covers the Pharmaceutical (Drug Discovery...

04-01-2013 Events Conferences Exhibitions

International Events and Conferences

Stay one step ahead of the curve with the most important and exclusive, international healthcare conferences, events, round tables, exhibitions, summits and executive business meetings. Interested in becoming a media partner of International Private Medical Insurance Magazine? Contact us to build a media partnership.