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iPMI Magazine successfully rebranded to iPMI Global in 2023 and has moved to a new home on the internet. To visit the brand new international private medical insurance business intelligence platform, please go to www.ipmiglobal.com

Hong Kong Travel Advice

Protests continue outside the Central Government Offices (CGO) and Legislative Council building in the Admiralty district of Hong Kong as well as in Central, Causeway Bay and Mongkok.

This has led to disruption to traffic and public transport services. The number of protestors is down from previous levels. Road closures in these areas are causing disruption to local transport including some bus services. The MTR (underground) is operating normally. Public services, including schools, are also returning to normal levels. You should avoid all demonstrations, and monitor local media and transport company websites for information about route changes or station closures.

513,430 British nationals visited Hong Kong in 2013. Most visits are trouble free. The Overseas Business Risk service offers information and advice for British companies operating overseas on how to manage political, economic, and business security-related risks.

Take out comprehensive travel and medical insurance before you travel.

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Consumers Have Saved $9 Billion On Health Insurance Premiums Since 2011 As A Result Of The Affordable Care Act

Health and Human Services Secretary Sylvia M. Burwell announced today that consumers have saved a total of $9 billion on their health insurance premiums since 2011 as a result of the Affordable Care Act. Created through the law, the 80/20 rule, also known as the Medical Loss Ratio (MLR) rule, requires insurers to spend at least 80 percent of premium dollars on patient care and quality improvement activities. If insurers spend an excessive amount on profits and red tape, they owe a refund back to consumers.

“We are pleased that the Affordable Care Act continues to provide Americans better value for their premium dollars,” said Secretary Burwell. “We are continuing our work on building a sustainable long-term system, and provisions such as the 80/20 rule are providing Americans with immediate savings and helping to bring transparency and accountability to the insurance market over the long term.”

An HHS report released today shows that last year alone, consumers nationwide saved $3.8 billion up front on their premiums as insurance companies operated more efficiently. Additionally, consumers nationwide will save $330 million in refunds, with 6.8 million consumers due to receive an average refund benefit of $80 per family. This standard and other Affordable Care Act standards contributed to consumers saving approximately $4.1 billion on premiums in 2013, for a total of $9 billion in savings since the MLR program’s inception.

The report shows that since the rule took effect, more insurers year over year are meeting the 80/20 standard by spending more of the premium dollars they collect on patient care and quality, and not red tape and bonuses. If an insurer did not spend enough premium dollars on patient care and quality improvement, they must pay refunds to consumers in one of the following ways: a refund check in the mail; a lump-sum reimbursement to the same account that was used to pay the premium; a reduction in their future premiums; or if the consumer bought insurance through their employer, their employer must provide one of the above options, or apply the refund in another manner that benefits its employees, such as more generous benefits.

The 80/20 rule, along with other standards such as the required review of proposed premium increases, is one of many reforms created under the health law helping to slow premium growth and moderate premium rates. Combined with the savings consumers are receiving from tax credits on the Marketplace and the new market reforms, including the prohibition of pre-existing condition exclusions and charging women more for insurance than men, the 80/20 rule helps ensure every American has access to quality, affordable health insurance.

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Defining International Assistance In 2014 And Beyond Part 1

 

In A Closed Door Exclusive Round Table Business Forum International Private Medical Insurance Magazine Spoke With Industry Leaders From The International Assistance Market.

The 1st In A Series Of VIP Assistance Round Table Business Forums, we focus on the definition of medical, travel and technical assistance services in 2014 including service capability, geographic reach, memorable cases, custom networks, the benefits of outsourcing and the adoption of new technology.

Featuring C-Level Executive Commentary From Allianz Global Assistance, Athens Assistance, Europ Assistance, Medic Assistance International, REUTER Consulting And Rowland Brothers.

International tourist arrivals grew by 5% in 2013, reaching a record 1,087 million arrivals. Despite the current global economic climate, international tourism results were well above expectations, with an additional 52 million international tourists travelling the world in 2013. For 2014 the UNWTO forecasts 4% to 4.5% growth, above the long term projections. Demand for international tourism was strongest for destinations in Asia and the Pacific (+6%), Africa (+6%) and Europe (+5%). The leading sub-regions were South-East Asia (+10%), Central and Eastern Europe (+7%), Southern and Mediterranean Europe (+6%) and North Africa (+6%). The UNWTO forecasts international arrivals to increase by 4% to 4.5% in 2014, again above its long-term forecast of +3.8% per year between 2010 and 2020.

“2013 was an excellent year for international tourism. The tourism sector has shown a remarkable capacity to adjust to the changing market conditions, fuelling growth and job creation around the world, despite the lingering economic and geopolitical challenges. Indeed, tourism has been among the few sectors generating positive news for many economies.”
Taleb Rifai UNWTO Secretary General

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GeoBlue® Makes Medical Care More Convenient for Global Travelers

GeoBlue®, a leader and innovator in serving the health care needs of world travelers, have announced the release of an update to the free member app for iOS, Android and Amazon Kindle devices.

GeoBlue plans combine concierge-level service and mobile technology to help expatriates and travelers identify, access and pay trusted doctors and hospitals in over 180 countries around the globe.

"GeoBlue is committed to providing convenient solutions that allow our members to manage their health care without the added stress of dealing with cumbersome administrative processes," says Liz Dunlavey, Managing Director for GeoBlue. "Today's expats and world travelers rely heavily on their mobile devices, so do our solutions."

The GeoBlue app allows members to travel the world with a convenient way to locate medical providers, request appointments and find local equivalents for over-the-counter and prescription medications. The latest update includes the following enhancements to make it even easier to connect to local quality care in any situation:

  • Updated service request features, including the ability to arrange direct billing to secure cashless access for care
  • Audio translations for medical terms and phrases in twelve languages: Arabic, Chinese, English, French, German, Hebrew, Italian, Japanese, Korean, Portuguese, Russian and Spanish
  • U.S. Embassy location and contact information
  • Health and safety alerts detailing security and health issues around the world

The GeoBlue app is available to members through the App Store, Google Play and Amazon.com.

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RSA Selects Sapiens Reinsurance Solution

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, announced today that Royal and Sun Alliance (RSA) – one of the world’s leading multinational general insurance groups, serving customers in around 140 countries – has selected Sapiens Reinsurance, a comprehensive business management and accounting solution, to manage its Group Reinsurance portfolio.

Anticipated benefits include improved management and control of RSA’s reinsurance program and global operations. Sapiens Reinsurance will also provide full support for risk accumulation and exposure management, ensuring accuracy and control of all business processes via automated workflow activities and business functionality, including comprehensive audit and tracking of all business activities and accounting procedures. The solution also features a single repository for all information, providing support for operational reporting, management information and business analytics, statutory requirements and compliance.

Commenting on the selection of Sapiens Reinsurance, RSA’s Head of Group Reinsurance Operations, Steve Lague said, “We have selected Sapiens due to the rich business functionality of its solution – Sapiens Reinsurance – combined with the professionalism of their personnel. We see a tremendous amount of value in Sapiens’ domain expertise and understanding of our unique business needs, as well as the cultural alignment between the organizations which bodes well for the relationship going forwards.”

Roni Al-Dor, President and CEO of Sapiens commented, “We are proud to have RSA as our customer, and appreciate their recognition of our reinsurance solution and the value of our dedicated and skilled staff. RSA joins a growing and impressive portfolio of customers that have chosen to work with Sapiens, and we look forward to helping RSA derive the highest possible value from this solution.”

Raj Ghuman, VP Sales and Operations - Sapiens Europe noted, “We are delighted to have RSA as our customer. The commitment RSA has shown to the Sapiens Reinsurance solution is a strong vote of confidence in both our product and team, and is testimony to the quality and value of the partnership developed between Sapiens and RSA during the selection process.”

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International Medical Insurance Round Tables

International Medical Cost Containment Strategies 2018

International Medical Cost Containment Strategies 2018

In a Closed Door Exclusive Round Table Business Forum iPMI Magazine Spoke with C-Suite Industry Leaders from the International Medical Cost Containment Market about International Medical Cost Containment Strategies For Global Medical Payors And Providers. Although international risks have changed the cost of healthcare around the world remains a key concern for the international private medical insurance industry. This round table defines the complex nature of international cost containment and how medical payors and providers may leverage cost containment strategies to improve the standard of care and reduce the bottom line. Cegedim Insurance Solutions, Global Excel, Payer Fusion, MDabroad and Transworld Claims...

11-06-2018 Latest RT

Providing iPMI To High Net Worth Individuals

Providing iPMI To High Net Worth Individuals

In a Closed Door Exclusive Round Table Business Forum iPMI Magazine Spoke with C-Suite Industry Leaders from the Private Medical Insurance Market about International Private Medical Insurance for High Net Worth Individuals. Featuring Aetna International, Bellwood Prestbury, Cigna Global IPMI and HealthCare International. This round table looks at the high net worth individual market and the benefits for worldwide insurance providers when they provide IPMI to high net worth individuals. ON THE FRONT COVER: Since setting up an IPMI brokerage firm in the last iPMI Magazine round table, our intrepid traveller has made it to the big time and is pictured watering his...

04-08-2017 Latest RT

The Benefits Of Providing IPMI To Global Brokers & Agents

The Benefits Of Providing IPMI To Global Brokers & Agents

In this exclusive C-Suite Executive Round Table Business forum, iPMI Magazine speaks with the world of iPMI - with leading IPMI providers Aetna International, Bellwood Prestbury, Generali Global Health, HealthCare International and Wellaway. This round table looks at the benefits for worldwide insurance brokers, agents and intermediaries when they add international private medical insurance (IPMI) to their product portfolio. ON THE FRONT COVER: Our intrepid traveller returns with a new business idea: an IPMI brokerage firm. Will he succeed, pass go, collect two hundred pounds or go bust and end up closing down due to BREXIT? ANDREW APPS, Head of Global Healthcare at BELLWOOD...

07-04-2017 Latest RT

International Medical Evacuation And Repatriation Strategies 2016

International Medical Evacuation And Repatriation Strategies 2016

In this exclusive round table executive business forum, iPMI Magazine speaks with all sectors of the global industry and focuses on the complexities the international private medical insurance industry face when an insured member falls sick, or has an accident overseas, and requires repatriation or evacuation services home or to the nearest medical facility or centre of excellence. Educational and informative the round tables delivers pertinent IPMI business intelligence directly from global medical evacuation and repatriation specialists. Featuring C-Level Executive Commentary From Air Alliance, Bellwood Prestbury, Jet Executive, Mayday Assistance, Quickair And Tyrol Air Ambulance. ROUND TABLE CONTENTS  VIP ARRIVAL LOUNGE: MEET THE ROUND...

30-12-2016 Latest RT

The Rising Cost Of Global Healthcare: iPMI Providers Talk Medical Inflation And Healthcare Costs

The Rising Cost Of Global Healthcare: iPMI Providers Talk Medical Inflation And Healthcare Costs

Welcome to the most recent International Private Medical Insurance Magazine (iPMI Magazine) exclusive iPMI round table business forum. In this exclusive discussion we talk to leading providers of iPMI about medical inflation and the rising cost of global healthcare. Featuring Bellwood Prestbury, Cigna Global iPMI, Globality Health and Wellaway.  

17-12-2015 Latest RT

International Air Ambulance Owner Operator Broker Round Table

International Air Ambulance Owner Operator Broker Round Table

Welcome to the most recent International Private Medical Insurance Magazine exclusive air ambulance medical transportation round table business forum. In this exclusive debate we talk about the international medical transportation sector of the business. With a focus on fleet capabilities, on-board technology, medication and payor-provider relations the round table takes a closer look at the global providers assisting iPMI insurers and insureds. Exclusive C-Suite executive commentary from FAI, Jet Executive, MedcareProfessional and Tyrol.

30-09-2015 Latest RT

International Private Medical Insurance VS Local Health Insurance

International Private Medical Insurance VS Local Health Insurance

In the most recent International Private Medical Insurance Magazine Executive Round Table business forum, we speak with leading C-Level Executives about the major differences between international and local health insurance plans.   As expatriate hot spots around the world continue to mandate health insurance cover for expat employees, under various visa and employment laws, questions from the business community continue to be raised. Issues focus around how new laws will help and assist expatriates and what levels of cover they may expect from local health insurance plans.    

14-04-2015 Latest RT

Critical Considerations When Designing International Private Medical Health Insurance Plans

Critical Considerations When Designing International Private Medical Health Insurance Plans

Introducing a business into new emerging markets is the response from worldwide business owners to the pre-eminent mega trend that is globalisation. Establishing a global footprint may be of pivotal importance to a wide range of industry, and according to PWC, cross-border assignments are showing no signs of a slowdown. In fact, 59% of CEOs plan to send more staff on international assignments with predictions that global corporate travel and international assignments will increase 50% by 2020. In the most recent exclusive iPMI Magazine Medical Insurance Round Table, we spoke with leading C-Level Executives at ALC Health, Cigna Global Individual Private...

14-04-2015 Latest RT

Maritime Labour Convention 2006 Executive Round Table Business Forum - What Does The MLC 2006 Mean For Global Insurers?

Maritime Labour Convention 2006 Executive Round Table Business Forum - What Does The MLC 2006 Mean For Global Insurers?

  The Maritime Labour Convention 2006 was adopted at a Maritime session of the International Labour Conference in 2006 and came into force on 20 August 2013. To date, 56 ILO Member States have ratified the Convention, representing more than 80 percent of the world’s gross tonnage of ships.   There are more than 1.5 million seafarers in the world. A majority of these seafarers now have a right to be protected through national laws and practices applying the MLC, 2006 to the ships on which they work. Title 4 of the MLC covers Health Protection, Medical Care, Welfare and Social Security Protection. From...

25-05-2014 Latest RT

Defining International Assistance In 2014 And Beyond Part 1

Defining International Assistance In 2014 And Beyond Part 1

  In A Closed Door Exclusive Round Table Business Forum International Private Medical Insurance Magazine Spoke With Industry Leaders From The International Assistance Market. The 1st In A Series Of VIP Assistance Round Table Business Forums, we focus on the definition of medical, travel and technical assistance services in 2014 including service capability, geographic reach, memorable cases, custom networks, the benefits of outsourcing and the adoption of new technology. Featuring C-Level Executive Commentary From Allianz Global Assistance, Athens Assistance, Europ Assistance, Medic Assistance International, REUTER Consulting And Rowland Brothers. International tourist arrivals grew by 5% in 2013, reaching a record 1,087 million arrivals. Despite the current global economic climate...

09-03-2014 Latest RT

Managing The Lifecycle Of An Expatriate With International Medical And Health Insurance

Managing The Lifecycle Of An Expatriate With International Medical And Health Insurance

  In a Closed Door Exclusive Round Table Business Forum 2012, iPMI Magazine Spoke with Industry Leaders from the International Private Medical Insurance Market. Get the Inside Track on Expat Medical and Health Insurance from the Experts. Moving a business into new uncharted waters where your native tongue may not be the local language, is a daunting affair. Speak to any CFO, HR Director or Expatriate or simply consider the stress put on ones shoulders when operating in a foreign and sometimes hazardous environment. For the unseasoned traveller on distant shores even simple tasks like shopping can be a strain. So imagine being in a...

06-03-2014 Latest RT