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CEGA Makes Further Investment In Client- Facing Capabilities

CEGA has further invested in its market-facing capabilities by recruiting three new members for its business development and marketing team.

The move is part of the global assistance and claims provider's on-going growth strategy. It sees Jody Baker (joining from CIGNA) appointed as CEGA's Commercial Director, Neil Matthews (latterly of the Collinson Group) appointed as Business Development Manager and Gaynor Maunder (joining from PwC) appointed as Marketing Manager.

The trio will develop CEGA's existing and new business propositions both within and beyond the UK. This will include extending international partnerships and launching innovative and cost-effective claims, assistance and travel risk management propositions for clients who have customers or employees travelling abroad.

 "The expansion of our business development and marketing team is integral to our on-going commitment to business growth and to adding real value for potential and existing clients," says CEGA's Chief Executive Alistair Hardie. "It is also recognition of the ever-increasing demand for our services, not just from insurers, but also from the standalone corporate and public sectors."

CEGA is one of the leading independent providers of global emergency assistance, risk management and claims management services. It provides services to a blue-chip client base that includes many of the world's leading banks, insurance companies, government departments and other global brands.

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Jelf Group plc: Interim Results For The 6 Months Ended 31 March 2015

Jelf, an independent full service UK based brokerage that supports businesses and individuals, announces its interim results.

Financial highlights 

Strong financial performance continues:

  • Revenues 11.0% ahead of last year at £43.7m (2014: £39.3m)
  • EBITDAE pre-share costs increased by 24.6% to £8.1m (2014: £6.5m)
  • EBITDAE margin pre-share costs increased by 12.3% to 18.5% (2014: 16.4%)
  • Fully diluted Earnings per Share increased by 12.8% to 1.67p (2014: 1.48p)
  • Interim maiden dividend of 0.8p

The business continues to be cash generative and £2.5m of debt has been repaid early:

  • Net debt is £27.6m (excluding deferred consideration net debt is £15.2m) compared to net debt of £13.1m (excluding deferred consideration net debt is £8.9m) at 31 March 2014 reflecting the acquisition of The Beaumonts Insurance Group in December 2014.

Operating highlights

  • Organic growth achieved of 4.2% (excluding the impact of acquisitions)
  • The Insurance business EBITDAE has increased by 18.2% to £5.3m (2014: £4.4m)
  • Employee Benefits EBITDAE has increased by 27.2% to £1.7m (2014: £1.4m)
  • Financial Planning EBITDAE has increased by 167% to £299k (2014: £112k)
  • Margins continue to improve whilst at the same time investment continues to be made in both sales capability and infrastructure
  • Jelf Insurance Partnership delivered £5.2m of revenues (2014: £4.7m) and £762k of EBITDAE (2014: £550k). It is on track with expectations and capturing the expected synergies of the acquisition
  • The Beaumonts Insurance Group, acquired in December 2014, is trading strongly and capturing the acquisition synergies ahead of expectations
  • Awarded Investor in Customers highest ‘3 Star’ accolade for client service for the third year running

Commenting on the results Alex Alway, Group Chief Executive, said, “I am pleased that all our businesses are trading strongly and outperforming last year and we expect to continue this trend in the second half of the year. Our acquisitions are integrating well into the Jelf business and delivering positive benefits.”

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Now Health International Boosts European Team

International health insurance provider Now Health International is pleased to announce that two key members of staff will be joining the team on 1 May - Mandy Dicksee as Operations Manager and Colin Noden as Business Development Manager.  Both will be based at the UK headquarters in Camberley, Surrey.

Mandy will focus on managing the service delivery for both individuals and corporates.  She has over 20 years’ experience in international health insurance and has an outstanding reputation for delivering first class service to both customers and intermediaries.

Colin will continue to develop existing relationships with the intermediary market throughout Europe.  With over 10 years’ experience working within domestic and international health insurance, Colin has exceptional knowledge and experience of this market.

Alex Dalton, Managing Director, Europe commented “The business has experienced significant growth during the last 12 months so we are delighted to have two high calibre individuals to join us at such an exciting time.  Both bring a wealth of experience with them and I am confident they will make a positive impact on the future of our business going forward.” 

For more information on Now Health International, please visit www.now-health.com

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Blue Cross and Blue Shield of Minnesota Reports 2014 Results

Blue Cross and Blue Shield of Minnesota and its family of companies (Blue Cross) today announced audited financial results for 2014. Blue Cross closed out the year with net income of $61.5 million, reflecting positive investment portfolio performance that offset slight operational losses. The organization reported a net operating loss of $8.2 million on full-year revenues of $10.1 billion, for a negative operating margin of one-tenth of one percent (0.1%).

Blue Cross reported more than $9.1 billion paid in medical claims for the year, representing 90 cents of every premium dollar collected going directly to cover health care costs. Additionally, Blue Cross paid more than $205 million in taxes, assessments and surcharges for the year. Overall year-end 2014 enrollment of 2.6 million members represents a slight decrease from year-end 2013.

“Our operating performance for 2014 was favorable to projections, amounting to a near break-even year for the organization,” said Michael Guyette, president and CEO of Blue Cross and Blue Shield of Minnesota. “We knew 2014 would be a challenging year, as the market continued to go through significant transition related to health reform. We continue to engage with multiple stakeholders in order to explore ways of bringing additional cost and coverage stability for both the short- and long-term.”

During 2014, Blue Cross celebrated several successes in communities across the state. Among them:

  •     Collaborated with Allina, Entira, Minnesota Community Health Network (MCHN), Northern Health Alliance and Sanford Health in support of innovations that promote advancements in health care affordability and quality.
  •     Opened the company’s first health insurance retail store, where Minnesotans can receive health plan information, service and claims support.
  •     Raised more than $1 million in employee donations through the annual Community Giving Campaign to benefit more than 700 nonprofits statewide.
  •      Supported efforts of Minnesota communities to enhance access to health coverage and improve health, including:

o    Southern Prairie Community Care, an Accountable Community for Health, focused on improving the health of residents of 12 southwestern Minnesota counties.
o    Access to coverage grants, helping low-income Minnesotans enroll in insurance.
o    Act on Alzheimer’s, helping foster dementia-friendly communities.
o    Increasing access to various dental care programs in Mankato, Bemidji, Duluth and Rochester.

Audited results include the consolidated financial statements for businesses operating under Aware Integrated Inc. (AII), a non-profit corporation and parent organization. AII serves as the holding company for all affiliates and subsidiaries, including the following regulated businesses associated with Blue Cross:

Blue Cross and Blue Shield of Minnesota — A nonprofit health insurance company and independent licensee of the Blue Cross and Blue Shield Association.

Blue Plus — A nonprofit health maintenance organization (HMO) that offers health plans and contracted provider networks throughout Minnesota to individuals and local, state and national groups.

SelectAccount — A third-party administrator of medical spending accounts included in consumer-directed health plans throughout the country.

Blue Cross provides all information, reports and audited details as required by the State of Minnesota for both commercial and public program products. Detailed financial statements for the organization’s regulated businesses are filed with the Minnesota Department of Commerce. A consolidated earnings statement for 2014 results is available at https://www.bluecrossmn.com/2014Results.

Blue Cross and Blue Shield of Minnesota, with headquarters in the St. Paul suburb of Eagan, was chartered in 1933 as Minnesota’s first health plan and continues to carry out its charter mission today as a health company: to promote a wider, more economical and timely availability of health services for the people of Minnesota. Blue Cross is a not-for-profit, taxable organization. Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association, headquartered in Chicago. Go to bluecrossmn.com to learn more about Blue Cross and Blue Shield of Minnesota.

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Horizon Blue Cross Blue Shield of New Jersey Saves Members, Health System a Record $45.4 Million through Anti-fraud Efforts

Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) have announced that its efforts to combat health insurance fraud resulted in $45.4 million in savings -- identified as a combination of monies recovered and losses avoided -- in 2014. The $45.4 million represents the highest/recovery prevention total since Horizon BCBSNJ created its fraud fighting, Special Investigations Unit (SIU) in 1983. Since 2005, Horizon BCBSNJ’s anti-fraud efforts have saved members $261 million.

“Our SIU has progressively enhanced Horizon’s analytics capabilities, which has allowed us to be more intuitive in our anti-fraud efforts, and better capable of detecting and stopping fraud in its early stages,” said Douglas Falduto, vice president, Administration and Chief Security Officer for Horizon BCBSNJ. “Through state-of-the art software and smart detective work, we’re constantly improving our ability to recognize and investigate questionable claims and claim trends closer to real time.”

In 2014, the SIU opened 1,318 new cases of suspected fraudulent activity. Many investigations begin after tips are reported confidentially to the Horizon BCBSNJ Anti-Fraud hotline -- 1-800-624- 2048. The company received 2,450 calls to its hotline in 2014.

Fraud and abuse can involve both health care providers and health care consumers. Common examples include:

Providers:

  • Billing for a fraudulent diagnosis
  • Billing for services not rendered
  • Billing for services not furnished as billed, also known as “upcoding”
  • Inappropriate physician/ancillary provider relationships resulting in kickbacks

Consumers: 

  • Filing a false claim
  • Using a false ID number
  • Misrepresenting a dependent as eligible for policy coverage

"Horizon is committed to ensuring that members’ health care dollars are used appropriately. We encourage our employees, health care providers and members to be on the lookout for suspicious activity or billing and report it to the SIU,” Falduto said.

According to National Health Care Anti-Fraud Association estimates, tens of billions of dollars are lost to health care fraud each year.

About Horizon Blue Cross Blue Shield of New Jersey

Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer is a tax-paying, not-for-profit health service corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is leading the transformation of health care in New Jersey by working with doctors and hospitals to deliver innovative, patient-centered programs that reward the quality, not quantity, of care patients receive. Learn more at http://www.HorizonBlue.com. Horizon BCBSNJ is an independent licensee of the Blue Cross and Blue Shield Association serving more than 3.8 million members.

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Huichih Ko Joins Willis Asia As Chairman

Willis Group Holdings plc, has appointed Huichih Ko as Chairman of Willis Asia. Mr. Ko will play a leading role in defining Willis Asia's strategic direction and driving client engagement and growth across the region. He starts his new role today and will initially be based in the Singapore HQ of Willis Asia, which employs around 890 associates in 36 offices.

He joins from Marsh & McLennan Companies (MMC), where he served as MMC Country Corporate Officer for Taiwan. He has over 30 years' industry experience and has held a number of senior posts at Marsh, including Deputy Chairman, Greater China Region; and Managing Director and Chairman, Marsh Taiwan.

Tim Wright, CEO of Willis International, said, "Willis is going from strength to strength in Asia, and the addition of such a senior talent will be a further boost to our capabilities and ambitions. Huichih is a very experienced and respected industry leader who is well known across the region. He will play a vital role in growing and connecting our business both in Asia and globally."

Adam Garrard, CEO of Willis Asia, said, "I have known Huichih for many years and he has worked with an impressive and diverse range of clients. We are delighted to have attracted Huichih to Willis and his appointment is a visible endorsement of our values and strategy. Huichih will partner with me and the rest of the Willis Asia team to assist us in driving the strategy and growth plans in the region. I can think of no one more qualified for this role. He is one of the best insurance practitioners in Asia."

Huichih Ko said, "I am deeply impressed by Willis's vision and commitment to invest across Asia in order to tap into some exciting, high-potential markets. I'm pleased to have the opportunity to work with the many talents in Willis to develop innovative solutions for clients and markets. Asian insurance markets have come a long way - many are mature and ready to diversify their books - and I look forward to helping our global clients explore that new capacity."

Ko started his insurance brokerage career in New York with Fred S James in 1981. He was assigned to Taiwan in 1983 and subsequently became President of James International Taiwan. Between 1987 and 1998 he served as CEO of Sedgwick Taiwan. Following the acquisition of Sedgwick by Marsh, Ko was appointed as Regional Director North Asia, Marsh Resolution.

In 2000 he became Managing Director and chairman of Marsh Taiwan and in 2010 he was promoted to Deputy Chairman, Marsh Greater China Region.

In 2013 he was appointed as MMC Country Corporate Officer for Taiwan. Ko holds a bachelor's degree in Shipping Management and a Master of Science in Transportation.

He has also taught marine insurance and shipping management courses in universities in Taiwan.

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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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Health Insurance

Health Insurance

You may be a frequent flyer business traveler, student, leisure or medical health tourist. Perhaps you are an already established Expatriate living away from home on foreign shores. Where ever you are now, understanding International Health Insurance requirements is vital to safe, risk free Global travel. Accidents do happen and when you least expect it.

Insuring you have the right type of Health Insurance will mean, should anything untoward happen, you will not be faced with a large medical bill, or even worse, insufficient medical care and treatment.

Since 2009 International Private Medical Insurance Magazine has been providing Daily mission critical Health Insurance News and information about International Health Insurance to expatriates, individuals, groups, corporate clients, brokers and intermediaries.

Select the right and most appropriate International Health Insurance plan for leisure, business, educational or health travel purposes, with the help and assistance of International Private Medical Insurance Magazines Online International Health Insurance Company and Plan Guide and Directory.

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International Medical Insurance For Schengen Visa

International Medical Insurance For Schengen Visa

You may be a business traveler, student studying abroad, an expatriate, leisure or medical health tourist searching to source, compare and select International Medical Insurance For Schengen Visa travel and countries. Since 2009 International Private Medical Insurance Magazine has been providing mission critical information about International Medical Insurance For Schengen Visa to individuals, groups, corporate clients, brokers and intermediaries. It is important to fully understand Schengen Visa International Medical Insurance requirements before you travel and insure you select the right and most appropriate health and medical insurance plan for travel to countries in the Schengen area.

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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