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iPMI Magazine Has Moved

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

Download iPMI Magazine Provider Network Directory e-Directory June 2019: iPMI - Assistance - Air Ambulance - Funeral Directors - Cost Containment - Claims Management + MORE

You can tell a lot about a business by the company it keeps and iPMI Magazine is proud to present the leading international medical insurers and providers that assist with the cross border medical requirements of the global citizen. Uniting industry leaders under 1 roof the brand new iPMI Magazine payor and provider network directory delivers all the pertinent company intelligence your business needs to navigate the complex world of IPMI.

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The IPMI industry use the iPMI Magazine Provider Network Directory to source the best information and data on international private medical insurance payors and providers. They may be searching for a new partner, looking for a contact number of a current provider, or researching the payor and provider market for future cross border network development.

Classifications include: IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management and Pharmacy Benefits Management.

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Click a company name below to visit their micro web site on iPMIM and learn more or download the brand new e-directory using the above link. To add your business to the e-directory and launch a micro website please write to David Bond, CIO, iPMIM on ipmi[at]ipmimagazine.com

PAYORS AND PROVIDERS IN FOCUS:

IPMI

ASSISTANCE

AIR AMBULANCE

COST CONTAINMENT AND CLAIMS MANAGEMENT

FUNERAL DIRECTORS

HEALTHCARE INSURANCE MANAGEMENT

PHARMACY BENEFITS MANAGEMENT

 

 

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CEGA Expands Medical Team

CEGA, a Charles Taylor company, expands medical team to meet demand from travel and international health insurers.

Assistance, claims and travel risk management provider CEGA, a Charles Taylor company, has added two new doctors to its in-house medical team; enhancing its global provision for travel and international health insurers.

Dr Fiona Gillespie and Dr Chris Busuttil, emergency medicine consultants at Royal Sussex County Hospital and Queen Alexandra Hospital Portsmouth respectively, are the latest recruits to join CEGA's in-house medics.

CEGA's substantial team of doctors and nurses provide medical assistance and repatriation services to thousands of individuals every year (many in remote and offshore destinations) on behalf of travel and international health insurers. They also work closely with in-house cost containment and claims teams to validate medical bills from overseas hospitals.

CEGA's Chief Medical Officer Dr Lynn Gordon comments, "Extending our multi-skilled medical team reinforces our ability to support a growing number of global clients and their customers with the excellent service they expect.

"We ensure that all our doctors have experience of emergency or remote medicine and that many currently work in an NHS environment - demonstrating our commitment to provide the very best care to those in need, wherever they are in the world."

Read more news and press releases from CEGA on their iPMI Magazine company micro website, click here.  

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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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UK Niche Insurance

A new series of research reports about niche insurance lines in the UK indicates that these generally offer better growth prospects for underwriters than mainstream motor, household and commercial lines insurance, and that for most of them distribution via affinity and corporate partners is key to success.

In total, the series covers 20 different niche insurance products ranging from motor cycle insurance to boat, yacht and pleasure craft cover, and from landlord rent guarantee policies to tax investigation insurance. In total, premiums associated with these 20 niche lines are likely to exceed GBP 5 billion by 2018 with their predicted weighted compound annual growth rate from 2014 to 2018 averaging out at 3.3% in nominal terms given that premiums were worth a total of around GBP 4.4 billion in the former year.

"Worth over GBP 1 billion in gross written premiums in 2014, the most valuable of these 20 markets is that for non-standard and listed property insurance", commented Francisco Leitão, Consultant at Finaccord. "However, in descending order of their forecast growth rate, those predicted to increase in value most rapidly in future are extended warranties for cars, landlord rent guarantee insurance, caravan and park home insurance, classic car insurance, landlord property insurance, excess protection insurance, and pet and personal equine insurance, premiums for all of which should rise at a nominal compound annual rate of more than 5% between 2014 and 2018. In fact, across the 20 niche policy types investigated, only GAP insurance is likely to fall in value up to 2018 with this probable decline due to new regulations affecting sale of this product via car dealers."

Separate research released by Finaccord in recent weeks indicates that the predicted compound annual growth rate of 3.3% up to 2018, while not sounding especially high, is nonetheless better than that forecast for personal motor, household and commercial lines insurance in the UK (at a respective 1.2%, 3.1% and 1.4% over the same period from 2014 to 2018). 

A further notable finding from the research series is that distribution via affinity and corporate partners is important to winning business in most of these 20 niche lines. In fact, as an unweighted average across all 20 of them, around 46% of new sales are attributable to such partners (including aggregators) ranging up to 90% or more in the case of extended warranties for cars and GAP insurance, both of which are mainly sold through the automotive trade (i.e. car dealers and manufacturers). Distribution via brokers (including those acting as tied agents or IFAs) is also very significant at an unweighted average of around 39% of new sales of these policies peaking at approximately 90% in the case of key person cover and related types of life protection insurance sold to business customers and at around 80% for bicycle insurance. On the other hand, an unweighted average of only 15% of new business is secured through direct sales by underwriters with a maximum of around 40% in the case of van insurance.

"Our research shows that there is usually a significant number of affinity and corporate partnerships for these niche insurance products the nature of which varies by product type", concluded Francisco Leitão. "These can vary from holiday rental companies for holiday and second home insurance to jewellers in the case of jewellery and watch insurance, and from universities for student contents insurance to retailers offering wedding lists when it comes to wedding and personal event insurance. Some of these relationships are controlled by underwriters but the majority have been set up by brokers and, clearly, holding the right partnerships is important for achieving success in many of these niche markets, especially as most of the products are not especially suited to being sold through the aggregator channel."

 

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

Health Insurance and Group Risk Protection, created by the sister company of HI Magazine, is the industry's first independently researched conference looking at the latest issues driving the PMI market. This event is targeted at leading Employee Benefit Consultancies, Brokers, Intermediaries and IFAs and provides practical information to help drive forward your business and improve yourself professionally.

About Informa Life Sciences

Informa Life Sciences lead the market in providing quality, expert-led conferences; delivering the expert knowledge our clients need to excel in their professional roles and guaranteeing a competitive advantage for their organisations. Our diverse portfolio covers the Pharmaceutical (Drug Discovery, Clinical Development, Regulatory Affairs, Biopharmaceutical, Generics and Business Strategy), Medical Devices and Diagnostics, Fine Chemicals and Agrochemicals and Veterinary Medicine arenas.

Discover more information at http://www.informa-ls.com

About Health Insurance Magazine

Health Insurance is a magazine for professional intermediaries who are involved in selling health insurance and protection products to both individuals and companies. By reading regular copies you will benefit from frequent coverage of developments in all health insurance product areas - including private medical insurance, long term care, critical illness, income protection, employee benefits and business protection - which means that you can offer objective advice to your clients across the broadest possible product base. Each month you will benefit from probing articles that cover all aspects of your daily work - from improving your product and portfolio knowledge and advising you on market developments and trends to identifying new business opportunities. You will be told of key events in the news that affect your profession and will benefit from in-depth features, which provide an objective and no-holds-barred examination of the issues that affect you. Comprising a readership of independent financial advisers, specialist health insurance intermediaries and insurance brokers, Health Insurance is your key to offering a better service and to developing the profitability of your business. Health Insurance is sent free to qualifying individuals, click here to register for your free copy.

Visit http://www.hi-mag.com

About iPMI Magazine

International Private Medical Insurance Magazine (iPMIM) is the ultimate Private Medical Insurance online platform serving expatriate, corporate, health and travel insurance markets. Due to the nomadic nature of the international healthcare industry iPMI Magazine is an internet based news service or worldwide healthcare professionals, who need to understand the impacts of healthcare and insurance policy, regulatory, and legislative developments.

Log on to http://www.ipmimagazine.com

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Expatriate Health Insurance

Compare Expatriate Health and Medical Insurance Plans, Coverage, Quotes and Companies, with iPMI Magazine. iPMIM represents leading providers of expat medical, health and travel insurance plans. Find the right and most appropriate Expatriate Health Insurance for overseas travel, global mobility and relocation