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AIA Agrees Exclusive Asia-Pacific Regional Partnership With Medix

Breakthrough regional partnership between AIA and Medix, a company specialising in quality global medical management, to provide improved healthcare and clinical outcomes for AIA customers.

AIA Group Limited (“AIA” or the “Company”: stock code: 1299) has announced that its customers across the Asia-Pacific region are set to benefit from a landmark partnership agreement with global health management company Medix. AIA and Medix are partnering to deliver a differentiated proposition that optimises care and improves medical outcomes for AIA customers across the region. Under the expanded regional partnership, building on already successful collaborations between AIA and Medix in Hong Kong and Singapore, AIA and Medix will work together to launch in more markets in 2019, including Indonesia, Malaysia, Thailand and Australia. Additional markets are planned for launch in 2020 and beyond.

Under the exclusive partnership with Medix, selected AIA customers will have access to “Personal Medical Case Management Services” during some of the most challenging times of their lives. When diagnosed with a serious or complex condition AIA customers will be supported by a dedicated case team throughout their medical journey, from diagnosis through treatment until full recovery. They will gain access to a holistic medical assessment, re-evaluation of their condition, referral for additional diagnostic testing – where needed, ongoing multi-disciplinary consultations, full care coordination, on-going guidance and emotional support provided by Medix’ team of renowned medical experts from around the globe.

Eligible AIA customers will have their medical case reviewed by Medix’ expert team of 300 in-house physicians and a global quality accredited network of over 3,000 world-leading and independent medical specialists, ensuring they have the tools to make educated, quality driven decisions and receive the best possible care throughout their medical journey, anywhere in the world.

Ng Keng Hooi, AIA’s Group Chief Executive and President, said the announcement underscores AIA’s commitment to meet the growing and changing needs of customers and to help people live Healthier, Longer, Better Lives.

“With the advances in medical treatments and technologies, the expectations of Asian consumers have changed significantly, with personalised, quality medical care at the top of their list. This strategic partnership with Medix exemplifies our leadership role in driving economic and social development across the region. It demonstrates our pledge to go beyond the traditional, passive insurance business model by becoming an integral part of our customers’ life journey” he said.

Mark Saunders, AIA’s Group Chief Strategy and Corporate Development Officer with responsibility for healthcare underlined AIA’s strategy and deliberate investment in helping improve the health and well-being of its customers, saying “AIA’s expanded partnership with Medix represents a significant step forward in delivering our long-term strategic vision in the health and well-being space, where we’ve invested significantly and consistently over the past several years. It builds on a highly successful partnership in Hong Kong and Singapore, where we’ve been able to provide Medix’ unparalleled medical case management services to our customers.

“To successfully deliver on our vision to help people be healthier for longer we are building an eco-system of services and partners to help people on all steps of the health journey through predict, prevent, diagnose, treat and recover stages, improving their overall wellbeing. Our exclusive partnership with Medix across our markets enhances AIA’s distinctive and differentiated proposition in health and well-being. By providing our policyholders with Personal Medical Case Management AIA helps overcome local healthcare disparities and makes international expertise, locally available through a mutually beneficial collaborative process” Saunders said.

Sigal Atzmon, CEO of Medix commended AIA’s visionary and innovative approach to driving meaningful improvements in people’s lives across the region.

“This is a partnership that will make a genuine difference; it represents a shared vision and a commitment to reduce unwarranted healthcare variations across the region, improve the medical accessibility, medical outcomes and most importantly, improve the overall care experience” Ms Atzmon said.

“Through this partnership, we provide personalised medical care, empower patients with the knowledge and tools they deserve to make educated decisions and offer active coverage in the daily lives of each policyholder. As such, we are enabling an unprecedented democratisation of the entire healthcare landscape.

“AIA, as one of the world’s largest and leading insurers should be applauded for the courageous, pioneering spirit they have shown over the last 100 years. Their vision and commitment to improving the lives of their customers/people across the region is unwavering and we are honoured to be a part of their next chapter,” Ms Atzmon concluded.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.

The business that is now AIA was first established in Shanghai a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$230 billion as of 31 December 2018.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 33 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

About Medix Medical Services 

Established in 2006, the Medix Group is a global, leading provider of innovative, high quality health management solutions. With offices in London, Hong Kong, Shanghai, Singapore, Tel Aviv, Jakarta, Kuala Lumpur, Bangkok and Melbourne and a client base exceeding 3 million members in over 90 countries, Medix offers its clients -- primarily global health & life insurers, financial groups, large corporates and government institutions -- significant value-added services in the world of healthcare. Medix’ medical team is comprised of 300 in-house doctors alongside nurses, research experts, medical administration teams and a quality accredited global network of over 3,000 specialists and 1,500 leading hospitals.

Through its various services, Medix offers its customers fast-track solutions to proven better medical outcomes. Medix provides Global Personal Case Management Services, Disease Prevention Management Services, Digital Health Solutions, Home Care Services, Health Strategy and Medical Governance Services to insurers, large corporates and government institutions.

Medix is a Shared Value company that strives to enable people around the world to have access to the best medical care possible while eliminating unwarranted healthcare variations and helping to control medical cost inflation. Believing that the accessibility, quality and sustainability of medical care are one of the most important components of social rights, Medix is very passionate about these issues and is globally fully dedicated to these activities.

 

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Broadstone Group Enters IPMI Market With Acquisition Of Specialist IPMI and Employee Benefits Firm

Broadstone has announced the acquisition of 3HR Benefits Consultancy. This move represents Broadstone’s third acquisition in as many months following the recently announced purchases of Liverpool-based CS Financial Solutions and Thomson Dickson Consulting located in Glasgow.

Founded in 2008, London-based 3HR Benefits Consultancy is a subsidiary of 3HR plc and provides specialist employee benefits and international private medical insurance (IPMI) support and services to more than 200 Japanese, Korean and Chinese blue chip companies in respect of their UK and European expatriate employees. The company is the leading UK benefits consulting firm specialising in the Far Eastern market and dominates the sector with a number of Fortune 500 clients
  
Commenting on this latest acquisition, Broadstone Group CEO, Grant Stobart, said, “As part of our strategy to grow all areas of our business we must identify and then capitalise on emerging trends and opportunities. This is another outstanding acquisition for Broadstone and adds further scale in a buoyant   sector. 3HR Benefits Consultancy is one of the UK’s leading providers of specialist IPMI and employee benefits services to Far Eastern groups operating in the UK and Europe and the respect and authority they have built up in this sector is very impressive. Acquiring this niche business with its quality client base and experienced staff will provide clients with access to Broadstone’s wider service offering.
“2019 continues to be a year of targeted but vigorous expansion for Broadstone,” concluded Stobart.

Terence Bennett, CEO at 3HR plc, said, “Over the past few months we have been actively seeking ways of further developing our benefits consultancy and expatriate medical insurance business and have now found the ideal partner in Broadstone. This deal is an important step in the evolution of our business and will ensure that we can continue to further strengthen the service we offer our clients and the personal and professional development of all of our staff.”

Xavier Woodward, from Broadstone’s private equity parent, Livingbridge, commented, “This acquisition further strengthens Broadstone’s offering and provides access to a new client base. We are delighted to welcome 3HR Benefits Consulting on board as we continue to execute on a strong M&A pipeline.”

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iPMI Magazine Speaks With Jerome Droesch, CEO, Cigna, MENA

In this iPMI Magazine exclusive interview, Christopher Knight, CEO, iPMI Magazine, sits down with Jerome Droesch, CEO, Cigna following his appointment as Chief Executive Officer for the Middle East and North Africa (MENA) region and Board Member of Cigna’s joint venture operations in India and Turkey.

Firstly, congratulations on your new appointment and thank you for sitting down to speak with us. May you introduce yourself and background in the international medical insurance market?

My name is Jerome Droesch. I am the CEO of Cigna for the Middle East and North Africa (MENA) region and Board Member of Cigna’s joint venture operations in India and Turkey. I started my career in insurance in 1991 in France, with AXA, at a time when the industry was going through rapid transition around the world. It was exciting to witness the sector’s fast-paced evolution at the time. This dynamism across the various insurance segments, including medical insurance, has been a constant source of motivation for me. Today, I see unlimited opportunities for disruption in medical insurance, and I am glad to be part of this journey with Cigna, which has a 200-year legacy of driving innovation and impact in this space.  

You are responsible for building a customer-centric portfolio of offerings in the region in line with Cigna’s core promise to improve the health, well-being and peace of mind of those it serves. How will you do this?

Fortunately, I have access to a well-oiled and capable operations machinery at Cigna, where the priority has always been centered around improving the lives of the people we serve. This essentially means building products and solutions that complement the individual needs of the market. This speaks to our ambition to go deeper, go local and go beyond through network expansion, personalization and innovation.

To this end, we continue to invest in harnessing localized insights that can inform the decisions we make to customize our portfolio. You can already see this difference in the products and solutions we have introduced in the past year within the IPMI segment. Whether it is helping individuals adopt better lifestyle choices or expanding our support, so customers have access to healthcare anytime, anywhere, our focus is on guaranteeing well-being every step of the way.

Over the past year, Cigna has launched its first-ever individual private medical insurance (IPMI) solution for the Middle East region. Can you walk us through the features of this IPMI plan?

Cigna HealthguardSM is a flexible health plan created for individuals and their families living and working in Dubai. This unique offering fills a critical gap in the local health insurance market by meeting the long-term health and well-being needs of a globally mobile population – which was apparent through our research in the region. Our annual Cigna Wellbeing Survey, for example, showed that up to 45 percent of respondents in the UAE pay for their own medical expenses, and that a majority of individuals are concerned about financing their family’s long-term health needs.

In response to this, Cigna HealthguardSM offers a flexible structure and modular approach that allows customers to tailor their plans according to personal needs for their assured long-term well-being. The plan has three tiers - Regional, International and International Plus – which customers can choose from, based on their travel and budget requirements.

Earlier this year, we introduced a refreshed and updated version of this solution for our customers after listening to the feedback that they have shared with us over the last year.

Besides the core offering such as out-patient consultation, inpatient and day-patient hospital treatment, our plans include health screenings, preventative dental treatment, evacuation and repatriation. Customers also have the option to include the Enhanced Healthy Connect Module. This module offers benefits such as 360 health screenings, genetic cancer screening, allergy tests and dietetic consultations

Moreover, our extensive regional and international network as well as its professional network make Cigna HealthguardSM a standout global product for Dubai’s expatriate population. We have an international network comprising over one million relationships, including 96,000 behavioural healthcare professionals and 11,400 facilities and clinics. Cigna also offers 24/7 multilingual customer service that includes prior authorization requests, finding providers and claims enquiries, and ensuring customers have the very best of care available as and when needed.

The Cigna Wellbeing AppTM further enhances our IPMI offering by allowing customers to access tools and resources designed to help with all their wellness needs. These include a biometrics tracking dashboard, an extensive health library containing articles and recipes, general health and targeted health and personality assessments as well as lifestyle coaching across the health spectrum. It also includes a Tele-health feature that allows users to connect with a doctor or specialist via phone or video, from the convenience of their home or office.

How is the IPMI market developing in the 1, Middle East and 2, North Africa, and how will these markets evolve in the next 5 years?

The region’s insurance market is ripe for expansion, with factors such as a rapidly expanding population, growth of the middle and affluent classes, and rise in chronic health conditions contributing to this trend. In the GCC alone, healthcare expenditure is reportedly set to grow to US$104.6 billion in 2022 from an estimated US$76.1 billion in 2017. We are seeing similar growth in markets such as Lebanon, where healthcare spending accounts for over seven percent of the GDP.

Besides the ongoing efforts towards infrastructure development and general well-being awareness in the region, we expect digital innovation to play a vital role in the IPMI sector. Specifically, innovations driven by big data analysis and AI will bring much-needed efficiencies to the sector. We are seeing this change in countries such as the UAE, where the adoption of AI solutions is expected to increase the country’s GDP by $96bn by 2030.

What role do mandatory health insurance schemes play in the adoption of IPMI?

Mandatory health insurance is an important driver in the growth and adoption of IPMI products and services. In markets such as the UAE, where regulations to this effect have been longstanding, the demand for highly personalized care is on the rise. Whereas, in markets such as Oman, Bahrain and Kuwait, where mandatory health insurance policies are still at a nascent stage, there is room for more organic growth. This also comes down to the population mix in these markets. The UAE, with a 90 percent expatriate population offers a different playing field than Oman, for example, where the expat population accounts for just over 40 percent of the total. Yet, Oman’s Health Ministry confirms that only about nine percent of Omanis and 10 percent of expats in the private are currently insured, demonstrating a huge market opportunity waiting to be tapped.  

Can you explain what a typical IPMI customer looks like in the 1: Middle East, and 2, North Africa?

The main distinctions in customer profiles are more apparent in markets where we see a higher presence of expatriates. In the UAE, for example, our products cater more to the globally mobile population, including people who are likely to seek health treatments abroad and especially in their home country. In Lebanon, on the other hand, the focus is on localized healthcare. We introduced our global health benefits (GHB) proposition for employers in Lebanon in 2018, which on one hand guarantees access to the one million providers in our network worldwide, but also promises localized sales, underwriting and finance services to clients, as well as offers the insured population access to nuanced customer service and a strong network of 1,600 healthcare providers across the country. 

What do IPMI insurers need in 2019?

Insurers today are grappling with elevated levels of wastage, owing to insurance fraud especially within the individual medical insurance segment. This is a common challenge faced by the industry across the world, and one that costs millions on a yearly basis. Digital intervention and AI are increasingly paving the way for a more transparent and less fraudulent insurance ecosystem. However, greater collaboration between the public and private sector will further mitigate the effects of this issue. Knowledge-sharing and a timely exchange of best practices can streamline the sector in a way that was previously not possible. In 2019, we also need to see more provisions in place to build individual insurance offerings around the needs of the customer, whether it means greater security or more convenient access to healthcare. 

One of the most widely asked questions at iPMI Magazine is how big is the IPMI market. What do you think?

There is no single number that could effectively gauge the value of the global IPMI market. Fluctuations due to population rise, policy changes and other factors continue to impact IPMI prospects. Various reports value the global IPMI market between $12 billion to $13 billion in 2015-16, expected to grow to over $20 billion by 2019.

Last and not least, if you could live anywhere, on land or at sea, where would it be?

It would be Biarritz in France. I have a beach house there and the city is very lively and famous for surfing.

Related: Cigna Insurance Middle East Names Jerome Droesch New Chief Executive Officer

Learn more about Cigna IPMI and read news, articles and interviews on the micro website on iPMI Magazine, click here.

 

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International Private Medical Insurance (IPMI) Policy Designed To Meet The Needs Of Expatriates Living In France Pre And Post BREXIT

APRIL International Care, the international private medical insurance (IPMI) division of APRIL Group, has launched MyHealth France, an IPMI policy designed to meet the needs of expatriates living in France in both the pre and post Brexit era

Commenting on the new policy launch, APRIL International UK Managing Director, Joe Thomas said, “This new policy will give considerable comfort and reassurance to UK and other nationals living in France, whilst Brexit negotiations continue. Healthcare insurance and healthcare costs in general have emerged as a major concern for all foreign nationals living in France, particularly UK nationals, so this solution should provide a clear way forward.”

France is currently home to 1.3 million expatriates of all nationalities, a figure which is expected to rise to 1.5 million within the next two years. UK nationals make up 150,000 of this group and are the largest single foreign nationality resident in the country. 

For expatriates who are no longer covered by the health system in their country of origin, the new policy from APRIL International Care can be used to meet top up expenses, which typically are not covered by the basic French social security system. These can include items such as the cost of a private room in hospitals and optical and dental services. The new policy offers a modular structure with five levels of cover to enable residents to pick their own level of protection. No age limit applies and no restrictions apply where pre-existing conditions exist.

Importantly for expatriates, the new policy is administered in English and includes a direct settlement network for medical expenses of 156,000 healthcare professionals within France when treatment is required. Policies are taken out on an individual basis, with premiums set according to age. The amount of medical costs reimbursed depends upon the level of cover taken and is paid after any French social security contribution. MyHealth France also offers policyholders up to 90 days of temporary cover if they travel outside France, for example, to visit their country of origin.

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International Health Insurer Allianz Care Announces Appointments For Qatar And Germany

Allianz Care has announced two senior appointments, as Paul Halfyear takes over the role of General Manager for Qatar and Kai Großheim is appointed Sales Manager for Germany.

Paul has 29 years’ experience in the insurance industry, working in a variety of roles in both the UK and Qatar. He holds several sector-specific qualifications from both the Chartered Insurance Institute and the Chartered Institute for Securities and Investments. In his new role, Paul will lead Allianz Care’s work in Qatar towards sustainable growth and success.

Kai also has a strong background in the insurance industry, with over 22 years’ experience, including 16 years in the International Private Medical Insurance (iPMI) brokerage and consulting sector. He holds a degree in Insurance Business Administration from the University of Applied Sciences of Cologne. As Sales Manager for Germany, Kai will be focused on driving sales in the German market, bringing innovative healthcare solutions to clients and individuals across the region.

Speaking about the new appointments, Alexis Obligi said, “I am thrilled to welcome both Paul and Kai to the global Allianz Care team. Both have extensive experience working in the sector and bring vast region-specific knowledge to their roles. I look forward to working with them over the coming months and years as we continue to focus on the key markets of Qatar and Germany and wish them every success in their new positions.”

Allianz Care is the international health brand of Allianz Partners, which offers health, life and disability insurance as well as a wide range of health and protection services to employers and insurance partners worldwide.

 

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International Medical Group WorldAware Team Up to Assist Customers and Clients

International Medical Group® has announced that it will be adding WorldAware’s security and travel intelligence services to its products and service offerings. 

For IMG’s retail customers, this means that WorldAware will provide members access to destination reports and alerts about natural disasters, political actions, and other general security information that may impact their travels. Effective January 2, 2019, this service will be included in all of IMG’s international private medical insurance plans (IPMI).

IMG is also excited to incorporate WorldAware’s integrated risk management services into their assistance service offerings for their institutional clients. The addition of this security assistance information and technology platform will complement IMG’s already expansive catalog of assistance programs including but not limited to cost containment, claims administration, and emergency medical transport.

By offering worldwide capabilities to quickly identify potentially disruptive local events, this is yet another way IMG can be there for its customers and bolster its security assistance services.

"This addition further expands our continuum of services as a provider of global insurance benefits and assistance services," said Executive Vice President Steve Paraboschi. "By offering our retail customers and institutional clients security assistance services, we are able to globally minimize their risks by protecting and serving them while they are away from home.”

Read more news about international private medical insurance plans here.

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Now Health International Launches New Digital IPMI Product To Cater For The Next Generation Of Expatriate

Now Health International Group, has announced the launch of a new mid-tier, completely digital product that is designed to cater for a new generation of expatriates and upper-affluent local nationals.

The company has launched its new SimpleCare plans in response to the growing number of digitally savvy millennials and younger executives moving abroad for work, who still demand the protection of international health insurance but at a more affordable price point to the traditional corporate executive expat. Now Health International also believes the plans will appeal to the growing base of upper-affluent local nationals in the emerging markets in which it operates.

To cater to this new generation of expats SimpleCare has been developed to be a completely digital proposition, with members only able to access their plan documents and make claims via a paper free, seamless online customer experience. This environmentally conscious product leverages Now Health International’s award winning digital tools including its smartphone App and secure online portfolio, as well as new mobile pass membership cards which can be downloaded into members’ smartphone wallets.

The new product offers core protection for all major health incidents including hospitalisation, surgery, cancer treatment, and evacuation and repatriation, which are often the main concern of younger expats. Customers can then choose to add low or medium levels of coverage for out-patient treatment, including physiotherapy, dental and medication if desired.

Designed for the more cost conscious consumer, the SimpleCare product offers multiple options to help customers further reduce their premium. This includes eight different levels of annual deductible for all types of treatment (in, day and out-patient) as well as risk management tools such as a co-insurance and per visit excess. Default regional geographical restrictions of coverage are also available for members located in certain countries of residence, providing a more affordable option for those that want to access top quality medical facilities but do not need worldwide coverage.

The product will be launched in key markets first, including Europe, Africa, Hong Kong and Singapore, and then be rolled out to other markets in Asia and the Middle East in the coming months.

Martin Garcia, Executive Chairman commented, “SimpleCare is designed to meet the needs of a new generation of expat - the growing numbers of younger people moving abroad, 2 most of which end up on local employment contracts. We set out to create an international health insurance solution which caters to these cost conscious, digitally literate expats while still providing them with access to world class medical facilities and the high standard of service that Now Health International is known for”.

Zahir Sharif, Managing Director for Now Health International added, “The clue is the name; SimpleCare is meant to be simple to understand and use – offering the vital health protection that our customers desire, with easy to use digital tools, access to the best quality private medical providers, and all with an affordable price tag. We understand that many expats and companies looking for executive health plans want more comprehensive, worldwide coverage, and our benefit rich WorldCare plans will continue to cater for those needs. However, we are confident our innovative new product will enable us to reach out to the growing base of younger expats globally, as we continue to consolidate our position as the leading IPMI provider worldwide”.

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UnitedHealthcare Global Launch New International Private Medical Insurance (IPMI) Product

UnitedHealthcare Global has launched a new International Private Medical Insurance (IPMI) product, providing health and wellness benefits to employees of businesses in the U.K. and across Europe, across 31 European Economic Area (EEA) countries.

The plan, called "BeHealthy," focuses on a whole-person approach to well-being, helping to identify health risks before they happen. This helps employees better manage their international assignments by prioritizing their mental, emotional and physical health.

David Powell, CEO, UnitedHealthcare Global Solutions comments, "'Be Healthy' builds on UnitedHealthcare's extensive portfolio of international health insurance plans that have been available to U.S.-based multinational companies for years. Our products provide high-quality, cost-effective benefits and services to customers wherever they are in the world."

Claude Daboul, Managing Director of UnitedHealthcare Global Solutions Europe added, "Our comprehensive health and well-being plans do more than just help people manage illness; they focus on proactive, preventive health care to help employees live healthier lives."

"BeHealthy"serves employees and their families who live or travel abroad for work. These benefits will give globally mobile employees and their families full health insurance coverage no matter where they work or live. "BeHealthy" includes:

  • access to UnitedHealthcare's worldwide medical network of more than 1.3 million care providers and nearly 21,000 hospitals;
  • comprehensive health and wellness benefits including employee assistance programs, a wellness coaching resource and preventive health screenings; and
  • in-house Risk and Assistance benefits – through third-party providers, UnitedHealthcare Global offers more than 22,000 security operations in 115 countries.

UnitedHealthcare Global is one of the first insurers in Europe to offer people a personalized digital experience that inspires and motivates healthier habits as part of their health plan:

  • The "BeHealthy" plan includes My Wellbeing, a personalized digital experience that encourages healthy habits among plan participants.
  • My Wellbeing combines clinical programs and engagement expertise with mobile technologies, social networking and gamification. My Wellbeing currently has 67,000 members worldwide. Of those, 29% lost weight, 11% reduced their blood pressure and 42% reduced their risk of diabetes.

"BeHealthy" also includes UnitedHealthcare Global's Travel Security Manager, an online tracking tool that helps locate and communicate with employees around the world. 

  • Employers and their employees will have access to World Watch®, an all-inclusive intelligence database containing information such as political and security risks, threat-level ratings, transportation and safety concerns, and cultural data. The offering also provides access to country-specific medical intelligence reports on the quality of medical care facilities, as well as any disease outbreaks.

For more information on "BeHealthy" please complete the form here or visit: https://www.uhcglobal.com/

 

 

 

 

 

 

 

 

 

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iPMI Magazine International Private Medical Insurance Provider Network Directory April 2018

Featuring leading IPMI players Aetna International, Bellwood Prestbury, Cigna Global IPMI, DavidShield, Generali Global Health, GeoBlue, Globality Health, Integra Global, Pacific Cross International and Wellaway. Plus check out the back of the publication for the broker directory. Did you claim your free line entry? Get listed, click here and fill in the quick form

“If you want to succeed in the Global IPMI business, I highly recommend that you get to know Christopher Knight.”

Michael Nole Head of Business Development Global IPMI at Cigna.

Choosing the right international private medical insurance (IPMI) and health insurance coverage plan is critical for expatriates, offshore workers, tourists and business travellers. If you live, travel or work abroad then you will need the best access to private medical facilities and international medical insurance all year around. iPMI Magazine represents an eclectic mix and has a choice of specialist international private medical, health, expatriate and travel insurance companies allowing you to compare overseas international private medical insurance coverage and plans that may suit you and your family. 

The iPMI Magazine Provider Network Directory covers the following sectors of insurance cover:

INTERNATIONAL MEDICAL INSURANCE
INTERNATIONAL HEALTHCARE INSURANCE
INTERNATIONAL EXPATRIATE INSURANCE
INTERNATIONAL TRAVEL INSURANCE

Get listed, click here and fill in the quick form.

 

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HR Directors Report Rising Demand From Overseas Employees For iPMI Cover Over Past 5 Years

With many global organisations expecting to grow their global workforce in the coming years, new research from international health insurer Bupa Global reveals that businesses are adapting their approach to international health and wellbeing employee benefits.

Sheldon Kenton, Managing Director of Bupa Global, commented, “The fact that more and more employees are becoming globally mobile means that international private medical insurance is something of a non-negotiable for businesses. Companies are waking up to the fact that health and wellbeing benefits can be a real differentiator when it comes to recruitment and retention, and can meet this demand by partnering with an insurer which has a network of world class facilities, giving them access to the right care at the right time and place.”

Bupa Global carried out two extensive pieces of research with 1501 HR Directors and 1,851 globally mobile employees to understand what businesses are experiencing when it comes to the changing requirements and demand for international health and wellbeing benefits.

The research shows that a third of HR directors (32%) expect their global workforce to increase over the coming five years, with employees most likely to travel to Europe (80%) and North America (53%), followed by Asia (44%), and the Middle East (35%).

Correspondingly, there has been increased demand in the quality and quantity of health and wellbeing benefits by those who work regularly overseas. Half (52%) of HR directors report a rising demand from these employees for international private medical insurance over the past five years. A third (32%) of HR directors have also had to improve the quality of health and wellbeing benefits offered to globally mobile staff over the last decade.

International private medical insurance (IPMI) and flexible working hours are among employees’ most desired benefits, with a quarter (25%) of staff expecting more from their employer in these areas than they did five years ago. 

The research also shows that it is even more crucial that adequate health cover is in place as people progress in their career, with mental health becoming an increasing workplace concern as people climb the career ladder. When asked what health and wellbeing issues employees are likely to face as they become more senior within an organisation, HR directors listed increased stress (39%), depression (36%) and anxiety (33%) as the biggest concerns.

Despite the increasing demands and expectations, the research also highlights that there is still confusion amongst employers on the benefits that IPMI can bring. Of those who don’t provide any IPMI at all to their employees, almost half (44%) say they weren’t familiar enough with the options and requirements.

The main reasons for employers providing health cover to staff is recruitment and retention, followed by actively wanting to look after employee health and wellbeing. 79% of HR directors said providing private medical insurance is an important differentiator versus their competitors.

1 All figures, unless otherwise stated, are from Bupa Global and YouGov. Total sample size was 150 leading HR professionals across large UK-based multinational businesses and over 1,800 employees that regularly work abroad. Fieldwork was undertaken in January-February 2017. The survey of employees was carried out online and HR directors were interviewed by telephone.

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