Cigna's dental enhancements are designed to support the overall health and wellbeing of its customers, and help improve dental care access and prevent future sickness absence caused by oral health related problems. These three core enhancements supplement Cigna's existing robust dental offering and inlcude:
"The importance of improving access to dental care is supported by our own research2, which shows that almost four in 10 members of the working population rarely visit the dentist, and one in three tell us that they are unable to afford dental care," said Michelle Rae, Head of Propositions at Cigna UK HealthCare Benefits. "Cigna remains committed to delivering customer benefits that add real value to employee health and wellbeing, and dental plans that offer unrestricted preventative treatments, along with easy access to care, benefit all."
 Source: Cigna Health Attitudes Research. YouGov 2018
“Heidi and Greg add another arm and greater depth to our cross-border insurance practice, including in insurtech,” said Cooley London-based partner and head of the firm’s insurance & reinsurance group, Mark Everiss. “It is rare to find such well-developed litigation, regulatory and advisory practices sitting side by side. It’s even rarer to find insurance lawyers who are so focused on Cooley’s client base of young and emerging companies. Heidi and Greg are a perfect fit for the firm, and we’re thrilled to have them on our team.”
A globally recognized and highly regarded insurance lawyer, Lawson has built a strong practice spanning litigation, regulatory and advisory work. She leads global insurers, capital providers, insurtech innovators, brokers, municipalities, and large and small businesses through insurance product innovation, coverage dispute resolution, strategic policy creation and investigation management. Lawson is based in Boston.
Hoffnagle’s practice focuses on complex insurance and reinsurance disputes as well as international commercial arbitration and litigation. Additionally, he counsels on regulatory and transactional matters, and works with insurtech startups, VC firms and insurance carriers to create innovative products and bring them to market. Hoffnagle is based in New York.
“Greg and I believe it’s critical to be part of a culture and platform that is best suited to serve our unique client set,” said Lawson. “We’re eager to leverage Cooley’s deep relationships with emerging companies, and we look forward to helping broaden the firm’s overall insurance offering.”
The partnership will increase access to global healthcare solutions for large corporations and French expats around the world, while also expanding Aetna International’s already-growing global reach. The partnership will offer Humanis’ existing members Aetna International’s broad medical network and wide range of solutions. This includes better control of healthcare costs in the US for Humanis’ members, as well as a healthcare solution that meets regulatory requirements in the UAE. The partnership will enable an easier customer journey through a single sign-up process, a single point of contact, and overall consistency in the services offered.
Likewise, the partnership will increase Aetna International’s footprint in continental Europe with an expansion into the French market, guided by Humanis’ local expertise and understanding of the French government. Together, Aetna International and Humanis will offer affordable healthcare to their joint global members, building a healthier world that focuses on prevention first.
"This strategic partnership agreement with Humanis comes at the right time. Aetna's expertise and global presence, combined with the exceptional quality and local service that Humanis provides to its customers, will allow us to expand and improve the services we offer to our members. This partnership is part of our strategy to provide local services to our members worldwide, while adapting to national and regional disparities. We look forward to working together with Humanis on improving quality and access to healthcare for our members around the world", says Richard di Benedetto, CEO of Aetna International.
Aetna International is committed to tackling wastage and inefficiency across all parts of the healthcare economy. In the US alone it is estimated that $800 billion per year is wasted on un-integrated healthcare systems. Moreover, healthcare is often focused on treatment, not prevention which means that the system is constantly under strain and firefighting.
Combined with the world’s growing ageing population with the growth in the prevalence of chronic disease, there is a need for urgent industry-wide solutions. Aligning with government payers and collaboration with providers such as Humanis can ensure that healthcare is based on overall health and outcomes, not just volume of treatment.
"The agreement with Aetna International is part of Humanis's open-architecture approach to partnerships and reinforces our ambitions in the development of our international mobility business. Our goal is to capitalise on the synergies between our two groups to optimise our global healthcare service, while retaining our USP as a one-stop-shop for health and protection insurance in France", says Sylvaine Emery, Director of International Activities, Humanis Group.
Held annually, this conference recognizes outstanding achievements among Bupa Global's key partners around the APAC region. This year, Pacific Prime was recognized for their strong performance in 2017, a recognition that highlights the expertise held by the company.
Upon winning the award, Neil Raymond, Pacific Prime's CEO commented, "Being named as a top performer is a huge honor for Pacific Prime; one we feel exemplifies the achievements of our company in 2017." He continued, "As a long-term partner of Bupa Global, we believe this award exemplifies the commitment our two companies have to bringing robust insurance solutions to our clients in the APAC region and beyond."
Commenting on the award, Sheldon Kenton, Managing Director at Bupa Global said, "As one of our trusted insurance intermediaries, we are delighted to present Pacific Prime with the Best Performance award which is demonstrative of the energy, enthusiasm and commitment of our partnership. Together, we are able to leverage market insight, understand industry developments and ensure customers receive the very best standard of service.”
This award will go on the shelf beside numerous other awards from Bupa Global that Pacific Prime has earned, including two awards naming the broker as Bupa's Top Distributor two years in a row, and another award for being a top producer of individual sales. Together, these awards highlight Pacific Prime's dedication to delivering high quality insurance solutions and services.
Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 5.6% year-on-year in February 2018. Demand growth outstripped capacity growth for the 19th month in a row which is positive for airline yields and the industry's financial performance.
The continued growth in air cargo demand is consistent with ongoing robust global trade flows. There are, however, signs that the best of the upturn for air freight has passed. Demand drivers for air cargo are moving away from the highly supportive levels seen last year. In recent months the Purchasing Managers Index (PMI) for manufacturing and export orders has softened in a number of key exporting nations including Germany, China and the US. And the seasonally adjusted demand for air cargo which rose at a double-digit annualized rate for much of 2017 is now trending at 3%.
"Demand for air cargo continues to be strong with 6.8% growth in February. The positive outlook for the rest of 2018, however, faces some potentially strong headwinds, including escalation of protectionist measures into a full-blown trade war. Prosperity grows when borders are open to people and to trade, and we are all held back when they are not," said Alexandre de Juniac, IATA's Director General and CEO.
All regions reported an increase in demand in February 2018.
Asia-Pacific airlines saw demand in freight volumes grow 6.5% in February 2018 and capacity increase by 7.2%, compared to the same period in 2017. The upward-trend in seasonally-adjusted volumes has returned, with volumes currently trending upwards at an annualized pace of between 6.0% and 7.0%. As the largest freight-flying region, carrying close to 37% of global air freight, the risks from protectionist measures impacting the region are disproportionately high.
North American airlines' freight volumes expanded 7.3% in February 2018 compared to the same period a year earlier, and capacity increased by 4.1%. Seasonally-adjusted volumes are broadly trending sideways. The weakening of the US dollar over the past year has helped boost demand for air exports. Data from the US Census Bureau shows a 10.2% year-on-year increase in air export volumes from the US in January 2018, compared to a slower rise in imports of 6.7%.
European airlines posted a 5.7% increase in freight volumes in February 2018. This was almost half the rate of the previous month and the slowest of all regions. Capacity increased 3.8%. Seasonally-adjusted volumes have been volatile in 2018 with the jump in demand in January largely reversed in month-on-month terms in February. The strength of the Euro and the risks from protectionist measures may impact the European freight market which has benefitted from strong export orders, particularly in Germany, in recent years.
Middle Eastern carriers' year-on-year freight volumes increased 7.4% in February 2018 and capacity increased 7.6%. Seasonally adjusted freight volumes continue to trend upwards however they have slowed to an annualized rate of 4% since late 2017. This largely reflects the weak conditions on the routes to and from Europe which have seen demand trend downwards at a double-digit rate over the past five months.
Latin American airlines experienced growth in demand of 8.7% in February 2018 and a capacity increase of 6.9%. The pick-up in demand over the last 18 months comes alongside signs of economic recovery in the region's largest economy, Brazil. Seasonally-adjusted international freight volumes are now back to the levels seen at the end of 2014.
African carriers' saw freight demand increase by 15.9% in February 2018 compared to the same month last year – the largest increase of any region. Capacity increased by 3.9%. The increase was helped by very strong growth on the trade lanes to and from Asia driven by ongoing foreign investment flows into Africa. While the surge in demand on the route looks to have stabilized, volumes still increased by nearly 24% in year-on-year terms in January.
Total revenue passenger kilometers (RPKs) for the month rose 7.6%, compared to February 2017, up from 4.6% year-over-year growth in January. Monthly capacity (available seat kilometers or ASKs) increased by 6.3%, and load factor rose 0.9 percentage point to 80.4%, surpassing the previous record for the month of 79.5%, which was set in February 2017.
"As expected, we saw a return to stronger demand growth in February, after the temporary slowdown in January. This is being supported by the robust economic backdrop and solid business confidence. However, increases in fuel prices--and labor costs in some countries--likely will temper the amount of traffic stimulation from lower airfares this year," said Alexandre de Juniac, IATA's Director General and CEO.
|FEBRUARY 2018 (% YEAR-ON-YEAR)||WORLD SHARE (1)||RPK||ASK||PLF- %-PT (2)||PLF- LEVEL(3)|
(1) % of industry RPKs in 2016 (2) Year-on-year change in load factor (3) Load factor level
February international passenger demand rose 7.2% compared to February 2017, which was up from the 4.2% increase recorded in January. Led by airlines in Latin America, all regions recorded better year-on-year growth compared to January's results. Total capacity climbed 5.9%, and load factor rose 1.0 percentage point to 79.3%.
|FEB 2018 (% YEAR-ON-YEAR)||WORLD SHARE 1||RPK||ASK||PLF (%-PT)2||PLF (LEVEL)3|
|Dom. Australia (4)||0.9%||3.9%||0.5%||2.6%||77.3%|
|Dom. Brazil (4)||1.2%||4.5%||3.4%||0.8%||80.1%|
|Dom. China P.R. (4)||9.1%||11.8%||13.1%||-0.9%||85.3%|
|Dom. India (4)||1.4%||22.9%||17.7%||3.9%||90.7%|
|Dom. Japan (4)||1.1%||5.8%||2.1%||2.5%||71.8%|
|Dom. Russian Fed (4)||1.4%||6.6%||1.3%||3.8%||77.9%|
|Dom. USA (4)||14.5%||6.2%||5.2%||0.7%||81.9%|
(1) % of industry RPKs in 2016
(2) Year-on-year change in load factor
(3) Load factor level
(4) The seven domestic passenger markets for w hich broken-dow n data are available account for 30% of global total RPKs and approximately 82% of total domestic RPKs
Domestic travel demand rose 8.2% in February compared to February 2017, up from 4.9% year-over-year growth in January, with all markets reporting increases, led by India and China. Domestic capacity climbed 7.0%, and load factor increased 0.9 percentage point to 82.3%.
"All around the globe we see the same positive picture of growth in demand for aviation connectivity. Aviation is the business of freedom, enabling people to lead better lives. Aviation has helped to lift millions from poverty, but for aviation to deliver even greater benefits in future, adequate, affordable infrastructure is a must.
"A case in point is the Latin American region, where aviation already supports jobs for 5 million people and $170 billion in GDP. The potential for aviation to do far more exists, but without concerted action by governments to address capacity shortfalls, the region could face an infrastructure crisis in the future. Within the region, Mexico City is the most critical of the bottlenecks. The current airport was designed for 32 million passengers annually but serves 47 million. The solution is a new airport which is already under construction. But its future has been politicized in the current presidential election. The vital need for the new airport needs to be understood by all," said de Juniac.
The Consumers Health Forum of Australia report surveyed 1200 people.
Out-of-pocket medical costs are the difference or ‘gap’ between what doctors charge and what the Government, via Medicare, and/or a private health fund - contributes for a service.
The report says it “revealed profound problems with Australia’s public-private health system with many patients facing harsh choices between long delays in treatment or exorbitant out of pocket costs. The causes are deep-seated, complex and difficult to resolve.”
CHF demands more clarity for consumers.
CHF CEO Leanne Wells says, “given the costs involved, consumers require clarity and certainty in ascertaining the fees they face, in total and in detail.”
“This could be provided on an independent, authoritative website containing all doctors’ fees.”
“Not all surgeons are doing the wrong thing by their patients,” says Leanne Wells. “Some are doing better on informed consent and coming closer to providing a single quote for overall treatment costs to patients.”
The CHF survey had 1200 respondents. Those who had incurred costs in hospital were asked to indicate who had discussed their out of pocket costs with them.
Options presented to them were: 1.Specialist, 2.GP, 3.Other, and 4.No one.
Of the 62% who chose to respond to this question, no one discussed costs with 37% of respondents.
Specialists had discussed costs with 47.2% and GPs with 3.4%.
The report states:
“Given that the Medical Board of Australia regards most health professionals as having a legal duty to inform patients of financial implications of treatment, these figures should and do raise considerable concern.”
The CEO of consumer advocacy group CHOICE, Alan Kirkland, wants a more transparent private health system where consumers are given clear information at the right time, not when it's convenient for specialists, hospitals or health insurers.
“Average prices for common procedures such as knee replacement surgery, gall bladder and colonoscopy should be publicly available.
“People should be able to find out as early as possible whether the specialist is likely to charge them an out-of-pocket cost so they have the opportunity to ask their GP for other options."
Private health insurers repeat calls to make charges to consumers more transparent.
Dr Dwayne Crombie, Managing Director of Bupa Health Insurance, says patients must be given the chance to have informed financial consent.
"While the majority of doctors are doing the right thing, patients should know when a fee is higher than usual and be able to question why that is so."
"Any out of pocket costs, such as doctors' fees or hospital fees, must be known in advance. This is a critical component of informed financial consent."
"Patients should know in advance what they will be charged for a procedure, how that compares to other specialists, what their health insurer will cover them for and what out-of-pocket costs they will face."
Dr Rachel David, the CEO of Private Healthcare Australia, told Fairfax two of the treatment areas highlighted in the report – for cancer and autoimmune diseases - were largely treated as out-patient or specialist consultations.
Legislation prevents private health funds from covering the gap for these.
"Until this is addressed by the government, the problem is with the Medicare Benefits Schedule and what doctors charge, rather than the funds,” says Dr David.
Dilley commented, “Colombia is a stable country with a strong economy which has weathered the recent world recession extremely well and our business there continues to grow profitably. Colombia’s economy has outperformed other commodity based economies in the region.
“Broker licences in Colombia are singular; they are for either reinsurance or retail. While UIB Colombia, our existing reinsurance broking operation, has been established for twenty years our new retail venture UIB Seguros, will seek to handle the larger, public sector tendered business which is additionally anticipated to generate reinsurance placements opportunities”.
With over 24 years insurance industry experience with major firms including Allianz, AON, Seguros la Previsora and Helm (now Itau), Yolanda has also served as a Board member of ACOAS (Asociación Colombiana de Corredores de Seguros), Fasecolda (Federación de Aseguradores Colombianas), Colseguros and Segurexpo.
She added, “I am honoured to be given this opportunity to grow the successful UIB franchise here in Colombia and I am already recruiting new staff for UIB Seguros to service existing key clients and prospects”.
LaLiga Valencia CF has selected Healix International to provide a range of Travel Security Risk Management Services to ensure the safety of its employees, players and professionals.
Javier Ruz Bentué, Corporate Commercial Manager of Healix International in Spain explained, “With security risks on the increase around the world, organisations face an enormous challenge in ensuring the safety and security of their people when travelling overseas. Accurate, timely and relevant intelligence is of vital importance, as well as contingency planning for possible outcomes with escalation and crisis management plans in place that can be rapidly implemented should the need arise.”
Healix Security Services will support Valencia CF in fulfilling its duty of care by providing essential tools to keep abreast of the risks their people may face, wherever they are travelling around the world; and the resources to mitigate those risks by planning, preparing and taking appropriate action as and when required.
Anil Murthy, president of Valencia CF, said, “This agreement will ensure that employees, players and professionals can travel with the peace of mind of knowing that their personal security is being taken care of. This is very important to us as I think we will be travelling much more next season.”
The services provided include 24/7 proactive support from the Healix Global Security Operations Centres, security consultancy, access to the Healix Global Intelligence & Assistance Portal for security managers, a Travel Oracle App for travellers and personal security e-training.
By assessing and mitigating risks and taking appropriate action to respond when necessary, Healix will help Valencia CF ensure the safety of its whole team of people.
Click here to learn more about Healix Security Services