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Globality Health Names Michael Kløcker As New Chief Commercial Officer

As of 1 May, Michael Kløcker is the Chief Commercial Officer of the international health insurer with a special focus on expatriates, Globality Health. His appointment completes Globality’s Board of Management, allowing interim CCO Gregor Schulte to focus on his core role as Chief Financial Officer.

"I am looking forward to joining an international insurer with a focus on expatriates and a growing business that is driving both innovation and change in its industry” commented Michael. “I am convinced that there is a great opportunity to strengthen Globality Health's position in the market, and I look forward to working with an experienced team to increase visibility and activities with a strategic approach under the Munich Health brand.“

"Michael is a very experienced insurance sales professional, having been responsible for major corporate and speciality clients across 37 countries. He brings a proven track record of substantially growing turnover by understanding client’s requirements before designing and executing a focussed and structured sales approach" added Roman Beilhack, CEO of Globality Health. 

A Danish national, Michael is fluent in German, English, Swedish and of course Danish. Michael holds a law degree from Copenhagen University.

About Globality Health

Globality Health is the international health insurer with a special focus on expatriates – people who study, live or work abroad. As a member of Munich Health we bring together more than 3,000 experts at locations worldwide to offer innovative healthcare solutions for clients and partners around the globe. As an integral part of Munich Re, we give you the financial strength and security of an AA-rated world-leading insurer and reinsurer.

Following our philosophy of “premium health insurance worldwide” we offer excellent care and safety all over the world. Internationally operating companies and their expatriate staff as well as individuals and their families place their trust in 80 years of experience in the healthcare market concentrated in one focused organisation. With Globality CoGenio® and Globality YouGenio® World we offer flexible underwriting solutions, high-level products with comprehensive outpatient, inpatient and dental insurance cover around the globe.

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Planning a Move Abroad to Work in 2015? Don't Forget Your Healthcare, Advises MediCare International

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Globality Health Introduces New CEO

Munich Health, the health segment of Munich Re, has appointed Roman Beilhack as new CEO for Globality Health. The appointment is the next step in a comprehensive development program for Globality Health, the international health insurer with a special focus on expatriates within Munich Re.

Beilhack will lead the program whose major objectives are to safeguard Globality Health's future operational excellence and to provide superior service towards clients, sales and cooperation partners. By investing in the right people and state of the art IT developments the necessary platform will be created to provide reliable solutions in cross border international insurance business.

Wolfgang Diels, Chairman of the Board of Directors of Globality Health says, "I am delighted to welcome Roman Beilhack aboard of Globality Health. With him we have a highly competent manager who has solid background in strategy, business development, sales and marketing from the global marketplace who will safeguard our far-sighted investments.

The recently appointed new CEO of Munich Health and member of the board of management at Munich Re, Doris Höpke, adds, "Moreover, he has tremendous commercial and strategic insight and understanding and a global mindset that will be of great benefit for Globality Health in the future."

Roman Beilhack has been with Munich Re since 1998.

 

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Aetna International Appoints European Sales Manager To Drive Expansion

Aetna International, the leading international private medical insurance provider, has added to the company’s European broker team by hiring Beatriz Biosca as their European sales manager.

Biosca is Spanish by birth, grew up in Luxembourg and Brussels and is fluent in Spanish, English, French and Italian. After training as a clinical physiologist, she worked at Globality Health and Mercer Health management consulting in a variety of international claims, analysis and European account management roles.

“We were keen to add to our European team and Beatriz was the perfect combination of knowledge and experience,” said Aetna’s global head of distribution, Nic Brown. “Beatriz will be building on Aetna’s existing relationships with brokers in Europe and developing new partnerships throughout the region.”

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Shipping Losses Decline, Emerging Risks Pose Serious Challenges To Marine Industry And Insurers

  • 94 large ships lost worldwide in 2013, down 20% from last year, with foundering most common cause.
  • Piracy focus shifts away from Somalia to new hotspots: Indonesia and West Africa.
  • Indonesia attacks up 700% in five years. Evolving piracy tactics present new challenges.
  • Mega ships, Arctic shipping and alternative fuels create new industry risks.

Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, coming in below 100 for only the second time in 12 years.

Losses declined by 20 percent from 2012 when there were 117 reported losses. The 2013 accident year also represents a significant improvement on the previous 10-year loss average with total worldwide shipping losses declining 45 percent since 2003.

“More than 90 percent of global trade is carried by sea so the safety of international shipping vessels and routes is critical to the health of the global economy,” said Tim Donney, Global Head of Marine Risk Consulting. “While the long-term downward trend in shipping losses is encouraging, there is more work to be done to improve the overall safety of these vessels as well as their cargo, crew and passengers, especially in Asian waters. As an insurer we are always concerned about recognized issues such as training and safety management, - human error is not something we can ignore and lack of skilled workforce is still an issue - but we also need to be alert for new risks as the industry continues to develop.”

Asia saw highest number of marine losses and continues to be an area of focus According to the report, more than a third of 2013’s total losses were concentrated in two maritime regions. As in 2012, the South China, Indo China, Indonesia and the Philippines region saw the highest number of losses (18 ships), closely followed by the seas around Japan, Korea and North China (17 ships).

More than two years after the Costa Concordia disaster, improving passenger ship safety continues to be a priority, with 2014 likely to see the 100th loss of a passenger vessel since 2002. Asia remains a hotspot for passenger shipping losses, especially for smaller passenger vessels and ferries as demonstrated by the sinking of the ferry St. Thomas of Aquinas as a result of a collision with another vessel off Cebu in the Philippines in August 2013, with the loss of at least 116 lives.

“We have to ask how some Asian ship operators measure safety and quality, particularly when speaking about domestic trade shipping in South East Asia,” said Captain Jarek Klimczak, Senior Marine Risk Consultant at AGCS. “The understanding of quality and standards can sometimes appear 50 years behind Europe – maybe even more.”

Around the world, more than a third of the vessels lost were cargo ships with fishery and bulk carriers the only other type of vessels to record double-digit losses. The total loss of two bulk carriers in Asian waters in 2013, Harita Bauxite and Trans Summer, highlighted the importance of proper cargo handling and stowage of bulk cargoes. AGCS experts believe high moisture content and subsequent liquidization, leading to free flowing instabilization of the cargo to be the primary cause of the accidents. The most common cause of losses in the past year was foundering (sinking or submerging), often driven by heavy weather, accounting for almost 75 percent of all losses, which was a significant increase from both 2012 (47 percent) and the previous 10-year average (44 percent).

For the first time the report includes not only total losses but also the total number of shipping casualties by region. The East Mediterranean and Black Sea region is shown to be a casualty hotspot, responsible for 464 casualties (18%) out of a worldwide total of 2,596 during 2013, including the year’s oldest ship to be a total loss:

the 108 year old Hantallar which grounded off Tekirdag, Turkey. This region combines busy shipping routes and a reputation for weaker safety management practices with a regional fleet that has a higher proportion of lower quality older vessels. The report also shows that over the past decade the British Isles have been the location of the most casualties, while January is the worst month for all casualties (including total losses) in the Northern Hemisphere.

In the Southern Hemisphere it is July. Piracy attacks still a concern – different models pose new challenges In 2013, piracy attacks declined 11 percent to 264 reported incidents worldwide according to International Maritime Bureau statistics - 106 of these occurred in Indonesia, which has seen a 700 percent increase in attacks since 2009.

Most of these attacks remain low level opportunistic thefts carried out by small bands of individuals but one third of incidents in these waters were reported in the last quarter of 2013, and there is potential for such attacks to escalate into a more organized piracy model unless they are controlled.

An emerging piracy hotspot with more organized crime is the Gulf of Guinea with 48 incidents in 2013, accounting for 18 percent of all attacks worldwide. Piracy attacks in Somalia have declined dramatically with only seven incidents in 2013 compared with 160 attacks in 2011. The report suggests the piracy model could be broken in Somalia in a couple of years if naval patrols continue.

Emerging Risks

An increasingly difficult operating climate for ship operators has forced a number of innovations, including larger ship sizes to capitalize on economies of scale, the use of alternative fuels and changes in ship designs. At the same time, more economical trading routes are fast appearing in Arctic regions during the summer months, but these present their own set of challenges.

Emerging risks identified include:

Vessel size: Last year marked the arrival of the largest container vessel on record, over 400 meters long and boasting capacity in excess of 18,000 teu. This trend is set to continue. AGCS estimates capacity grows by around 30 per cent every four to five years, meaning the arrival of 24,000 teu carriers can be anticipated around 2018.

“The claims arising out of maritime emergencies of these ‘mega ships’ can be huge. For example, just think of the business interruption of ports and terminals if an accident was to block the entrance,” said Dr. Sven Gerhard, Global Product Leader, Hull & Marine Liabilities, AGCS. “In addition, salvage might require unprecedented efforts and complex operations – in some cases it may take many months, or possibly a year or longer, to remove all the containers, particularly if the accident were to happen in a remote location. The large loss potential has increased for events which are not extraordinary on these big ships. And these are unchartered waters for salvors.”

Rise of LNG[1]-fueled vessels: Use of liquefied natural gas to power ships is expected to dramatically increase by 2020. There are safety concerns however, as the industry will see the rise of ports that have never previously handled LNG providing bunkering stations on dock.

“We need to ask what risks LNG-fueled ships will present to the industry. The concern is storing the LNG as fuel and handling it onboard. LNG expertise is not easily available – there needs to be a change in mindset and training,” said Capt. Rahul Khanna, Senior Risk Consultant, Marine, AGCS. Arctic trading routes: Shipping casualties in Arctic Circle waters have increased to an average of 45 per year during 2009-2013 from only 7 during 2002-2007. Damage to machinery caused a third of these incidents, higher than the average elsewhere, reflecting the harsher operating environment.

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Globality Health Introduces A New International Health Insurance Plan For Individuals - Yougenio® World

Globality Health Introduces A New International Health Insurance Plan For Individuals - Yougenio® World

Globality Health has launched its new international health insurance plan for individuals, YouGenio® World. It is replacing YouGenio® with a large number of improvements to the current plan levels Classic, Plus and Top, such as full cancer care. In twelve-months the product development team has created a product that specifically fits the unique needs of Expatriates with focus on a perfect balance between quality and price. Striving to maintain stable premiums in the future, all plans are regionally priced to ensure that premiums are relative to local costs of treatment.

Beyond that, YouGenio® World is now extended by an additional plan level called YouGenio® Essential. This new entry level plan offers inpatient treatment and medical assistance. It is not only reasonable in price; it also offers outpatient treatment of serious illnesses – a unique offer from Globality Health.

Key benefits of YouGenio® World: All plans cover in- and outpatient cancer treatment and organ transplant; Cover of pre-existing medical conditions; All plans have no minimum or maximum age restrictions; Guaranteed renewability; Improved assistance benefits; Cover for over the counter drugs for Classic, Plus and Top; Direct access to the unique worldwide Globalites® service network;

About Globality Health

Globality Health is the international health insurer with a special focus on expatriates. People who study, live or work abroad are assured that their health is always in good hands, no matter where they are. As an integral part of Munich Health, with more than 5,000 experts across 26 locations, we offer innovative healthcare solutions for clients and partners all over the world. As a member of Munich Re, we give you the strength and security of one of the world’s leading insurers and reinsurers. Read more about Globality Health in the iPMI Magazine Private Medical Insurance Company and Provider Directory, a definitive source of private medical insurance companies.

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