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Aviva To Commence Share Buy-Back

Aviva plc (Aviva) announces that it will commence a share buy-back of Aviva's ordinary shares for up to a maximum consideration of £300 million. Aviva…
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Bupa To Increase Stake In Bupa Arabia To 34.25%

Bupa has announced that it proposes to increase its stake in Bupa Arabia by 8% from 26.25% to 34.25%. This follows an agreement on the…
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Bupa Chairman Announces Intention To Step Down In December 2018

Bupa has announced that its Chairman, Lord Leitch, intends to step down on 31 December 2018. As a result, the Board Nomination and Governance Committee…
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Aetna International Launch 'vHealth by Aetna' A Global Digital Primary Healthcare Service in India

Aetna International has announced the global launch of 'vHealth by Aetna' in India. India is the first market in the world to see the launch…
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CEGA Collaborates With Charles Taylor General Adjusting Services To Enhance Fraud Investigation Capabilities

Insurance fraud investigation expert, CEGA Special Investigations, has partnered with Charles Taylor General Adjusting Services (CTGAS) to add insurance fraud investigation services to Charles Taylor's…
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1 In 3 Millennials Turns Down A Job In Part Because Of Poor Insurance Offerings

Many employers are upping the ante with trendy wellness benefits in an attempt to attract and retain younger employees, but new survey results from Anthem,…
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Anthem Comments On Decision Of Delaware Court of Chancery On Acquisition of Cigna

Anthem, Inc. has commented on the decision by the Delaware Court of Chancery denying Anthem’s motion for a preliminary injunction. Since the transaction was announced,…
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BREXIT And The Impact For Insurers And Brokers Operating In Or Planning to Operate In The UK And Europe 2017 Sample Contents

View sample contents here for free - from the new market research report "BREXIT and INSURANCE". Ian Youngman, author of the brand new market research…
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BREXIT And The Impact For Insurers And Brokers Operating In Or Planning to Operate In The UK And Europe 2017

iPMI Magazine has announced the addition of the "BREXIT and INSURANCE" report to their offering. With 200 pages of critical insurance business intelligence, this new…
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Insurance Industry Could Be Facing A Perfect Storm Warns BIBA CEO Steve White

At his opening address to the BIBA Conference 2017 in Manchester, Steve White, BIBA CEO warned the industry to be wary of current turmoil affecting…
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British Insurance Brokers’ Association Launch Good Practice Guide For Brokers

Under the strapline ‘Guiding Brokers’ the British Insurance Brokers’ Association launched a Good Practice Guide for brokers at the BIBA Conference 2017. The guide comes…
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Cigna Corporation Announces Termination Of Anthem Transaction

Cigna Corporation has announced that the merger agreement with Anthem has been terminated. Anthem did not appeal the Delaware Court of Chancery’s decision denying Anthem’s…
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BIBA Creates An ‘Adaptation Guide’ To Help Brokers, Insurers And Customers Navigate The Post Insurance Act World

The Insurance Act 2015 came into force almost a year ago and the Enterprise Act 2015 took effect on 4 May 2017 impacting both the…
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Digital Networking Will Be More Important For UK Brokers Than Face-To-Face Within A Decade

Digital networking will become more important for UK brokers than networking face-to-face within the next ten years, according to a survey released by Chubb for…
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iPMI Magazine IPMI Provider Network Directory Company Guide May 2017

Buying international private medical insurance is a complex decision and finding the right insurer is crucial. That is why iPMI Magazine helps you ensure providers…
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iPMI Magazine Insurance News

  • Aviva To Commence Share Buy-Back
    Aviva plc (Aviva) announces that it will commence a share buy-back of Aviva's ordinary shares for up to a maximum consideration of £300 million. Aviva has entered into a non-discretionary agreement with Morgan Stanley to enable the purchase of Aviva ordinary shares by Morgan Stanley, acting as principal, during the period running from 25 May 2017 and ending no later than 15 December 2017, for an aggregate purchase price of up to £300 million. Shares acquired by Morgan Stanley under the agreement will be simultaneously on-sold to Aviva. To the extent permitted by law, such ordinary shares purchased will be…
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    Written on Friday, 26 May 2017 05:58 in iPMI Magazine Breaking News
  • Bupa To Increase Stake In Bupa Arabia To 34.25%
    Bupa has announced that it proposes to increase its stake in Bupa Arabia by 8% from 26.25% to 34.25%. This follows an agreement on the acquisition of a portion of Nazer Group’s* stake in Bupa Arabia. Bupa is now submitting formal applications to the relevant Kingdom of Saudi Arabia (KSA) authorities for the customary regulatory approvals. Bupa Arabia is one of the largest health insurance providers in the Kingdom of Saudi Arabia (KSA) giving over 3m customers access to high quality healthcare.As a result of a partnership entered into between Bupa and Nazer Group in 1997, Bupa Arabia was listed…
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    Written on Friday, 26 May 2017 05:55 in iPMI Magazine Breaking News
  • Bupa Chairman Announces Intention To Step Down In December 2018
    Bupa has announced that its Chairman, Lord Leitch, intends to step down on 31 December 2018. As a result, the Board Nomination and Governance Committee will begin the recruitment process for his successor later this year, ensuring a smooth transition of responsibilities. Lawrence Churchill CBE, Bupa’s Senior Independent Director commented, “Over the past 10 years, Sandy has done a wonderful job as Bupa’s Chairman. During his tenure, the company has grown from revenues of under £4bn in 2005, to £11bn in 2016 and more than trebled the number of customers served. We now employ 86,000 people, compared with 33,600 in…
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    Written on Friday, 26 May 2017 05:54 in iPMI Magazine Breaking News
  • Aetna International Launch 'vHealth by Aetna' A Global Digital Primary Healthcare Service in India
    Aetna International has announced the global launch of 'vHealth by Aetna' in India. India is the first market in the world to see the launch of 'vHealth by Aetna' and is set to become the center of excellence for global expansion of this service, with subsequent launches planned in key markets including UK & UAE later this year. Dr Sneh Khemka, President of Population Health, Aetna International said, "At Aetna International, we believe that new innovations and technology will fundamentally change the way healthcare is managed and delivered. India has a reputation for rapid acceptance of technology, including smartphones, making…
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    Written on Friday, 26 May 2017 05:48 in iPMI Magazine Breaking News
  • CEGA Collaborates With Charles Taylor General Adjusting Services To Enhance Fraud Investigation Capabilities
    Insurance fraud investigation expert, CEGA Special Investigations, has partnered with Charles Taylor General Adjusting Services (CTGAS) to add insurance fraud investigation services to Charles Taylor's loss adjusting capabilities. CEGA Special Investigations investigates all areas of insurance fraud, including household, personal accident, travel and health claims. Its collaboration with CTGAS will enable it to extend its investigative presence in the UK and to explore wider client opportunities by enhancing the CTGAS offering. CEGA Special Investigations, established in 2008, benefits insurers by providing specialist services to reduce insurers' losses by detecting and declining fraudulent claims, while ensuring the fast payment of genuine…
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    Written on Tuesday, 23 May 2017 10:21 in iPMI Magazine Breaking News
  • 1 In 3 Millennials Turns Down A Job In Part Because Of Poor Insurance Offerings
    Many employers are upping the ante with trendy wellness benefits in an attempt to attract and retain younger employees, but new survey results from Anthem, Inc. show that they may be missing a key opportunity. The survey, conducted in honor of May as Disability Insurance Awareness Month, found that 35 percent of Millennials (ages 18 – 34) have turned down a job offer either fully or partially due to the fact that they were dissatisfied with insurance offerings, compared to 27 percent of U.S. respondents overall. While trendy offerings like in-office massages, fitness classes and extra time off might help…
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    Written on Friday, 19 May 2017 14:22 in iPMI Magazine Breaking News
  • Anthem Comments On Decision Of Delaware Court of Chancery On Acquisition of Cigna
    Anthem, Inc. has commented on the decision by the Delaware Court of Chancery denying Anthem’s motion for a preliminary injunction. Since the transaction was announced, Anthem says it has worked hard to complete the merger, one that was approved by over 99% of the votes cast by the shareholders of both companies. Anthem believed this acquisition was a truly compelling opportunity to positively impact the health and well-being of its members, and to expand access to high quality affordable health care for consumers. In light of the decision and Cigna’s refusal to support the merger, Anthem has delivered to Cigna…
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    Written on Friday, 19 May 2017 14:22 in iPMI Magazine Breaking News
  • BREXIT And The Impact For Insurers And Brokers Operating In Or Planning to Operate In The UK And Europe 2017 Sample Contents
    View sample contents here for free - from the new market research report "BREXIT and INSURANCE". Ian Youngman, author of the brand new market research report Brexit and Insurance laments that deluded insurers and brokers still cling to a hope that British politicians will deliver on their election promises and that nothing much will change. Both the UK and the EC have hardened their negotiating positions in the last few weeks- helped by pointless and rather childish political rhetoric from both sides. Any insurer or broker opting for a "wait and see what they will negotiate" is on a hiding…
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    Written on Thursday, 18 May 2017 08:03 in iPMI Magazine Breaking News
  • BREXIT And The Impact For Insurers And Brokers Operating In Or Planning to Operate In The UK And Europe 2017
    iPMI Magazine has announced the addition of the "BREXIT and INSURANCE" report to their offering. With 200 pages of critical insurance business intelligence, this new market research report looks at what BREXIT means for insurers and brokers operating in or planning to operate in the UK and Europe. For those UK insurers, EU insurers, brokers and agents selling- or planning to sell- into the UK and/or European markets; BREXIT is a legal and logistical nightmare. UK regulators have demanded that every UK insurer now doing business in the EU/EFTA -whether by passport or local subsidiary- and every EU/EFTA insurer doing…
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    Written on Thursday, 18 May 2017 07:53 in iPMI Magazine Breaking News
  • Insurance Industry Could Be Facing A Perfect Storm Warns BIBA CEO Steve White
    At his opening address to the BIBA Conference 2017 in Manchester, Steve White, BIBA CEO warned the industry to be wary of current turmoil affecting the sector. Making an analogy to the weather mis-forecast of the 1987 UK hurricane, he said that in political and economic terms, there are storm clouds on the horizon that the British Insurance Brokers’ Association (BIBA) is tracking. The conditions causing most concern domestically include: The doubling of Insurance Premium Tax (IPT) in only 18months and the threat of more increases to come. The changes to ‘Ogden’ discount rate for calculating catastrophic injury damages. Increasing…
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    Written on Thursday, 18 May 2017 07:01 in iPMI Magazine Breaking News
  • British Insurance Brokers’ Association Launch Good Practice Guide For Brokers
    Under the strapline ‘Guiding Brokers’ the British Insurance Brokers’ Association launched a Good Practice Guide for brokers at the BIBA Conference 2017. The guide comes together as an output from BIBA’s Insurance Brokers’ Standards Committee (IBSC). Uniting much of BIBA’s existing guidance for members as well as completely new material, sections include: Roles and responsibilities; Corporate Governance; Business protection; Clients; Employment; and Market practice. The guide will be a constantly evolving manual for brokers to use in many aspects of their business and will be added to and adapted as legislation and accepted good practice changes. Paul Anscombe, IBSC Chair…
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    Written on Wednesday, 17 May 2017 07:06 in iPMI Magazine Breaking News
  • Cigna Corporation Announces Termination Of Anthem Transaction
    Cigna Corporation has announced that the merger agreement with Anthem has been terminated. Anthem did not appeal the Delaware Court of Chancery’s decision denying Anthem’s motion for a preliminary injunction that sought to prevent Cigna from terminating the merger agreement. Anthem was required under the merger agreement to lead the regulatory approval process and to use its reasonable best efforts to obtain regulatory approval. As Cigna has stated, it believes that Anthem willfully breached those obligations and as a result the transaction did not receive the requisite regulatory approvals. Cigna seeks prompt payment of the $1.85 billion reverse termination fee…
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    Written on Wednesday, 17 May 2017 05:27 in iPMI Magazine Breaking News
  • BIBA Creates An ‘Adaptation Guide’ To Help Brokers, Insurers And Customers Navigate The Post Insurance Act World
    The Insurance Act 2015 came into force almost a year ago and the Enterprise Act 2015 took effect on 4 May 2017 impacting both the placement of commercial insurance and the way claims are considered. Following on from a survey of members about implementing the new Acts, BIBA, in conjunction with insurance governance specialist, Mactavish has launched its ‘Insurance Act 2015 & Enterprise Act 2016 Adaptation Guide’. Sponsored once again by Ageas and RSA, the guide launched 10 May 2017 at the BIBA Conference in Manchester and follows the earlier Introduction and Implementation guides. This latest guide in the series…
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    Written on Wednesday, 10 May 2017 08:09 in iPMI Magazine Breaking News
  • Digital Networking Will Be More Important For UK Brokers Than Face-To-Face Within A Decade
    Digital networking will become more important for UK brokers than networking face-to-face within the next ten years, according to a survey released by Chubb for the BIBA 2017 conference, where this year’s theme is ‘Connections’. Sara Mitchell, Head of Corporate Division, UK and Ireland at Chubb, said “Our survey captures brokers at a fascinating moment in time. The results underline that, even in ten years’ time, face to face relationship building will still be extremely important in the middle market. However, the pendulum is moving very clearly in the direction of online and digital networking and brokers are showing an…
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    Written on Wednesday, 10 May 2017 08:05 in iPMI Magazine Breaking News
  • iPMI Magazine IPMI Provider Network Directory Company Guide May 2017
    Buying international private medical insurance is a complex decision and finding the right insurer is crucial. That is why iPMI Magazine helps you ensure providers in our directory are all brands we are proud to represent. For more info on any IPMI plan or provider please contact us. In a foreign country simple things like shopping can be a chore due to language and cultural barriers. Do not risk your life and health - you will need an international private medical health insurance plan that covers all eventualities. Featuring Aetna International, Bellwood Prestbury, Cigna Global IPMI, DavidShield, Generali Global Health,…
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    Written on Wednesday, 10 May 2017 05:48 in iPMI Magazine Breaking News
  • Allianz Expands Tuition Protection Offerings To Colleges And Universities
    Allianz Global Assistance has announced new tuition protection plans to improve financial security for students and their families. The company is partnering with colleges and universities to offer the plans to students to increase access to reimbursements for tuition and fees when students have to leave school for a sudden covered illness, injury or other covered circumstance. The expanded plan options are part of an effort to join with institutions and help protect the 21 million college students who spend nearly $500 billion every year on their education. "A significant number of students are forced to leave school because of…
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    Written on Monday, 08 May 2017 08:13 in iPMI Magazine Breaking News
  • Aviva Paid £870 Million In Individual Protection Claims 2016
    UK adults estimate that just 47% of individual protection claims are ever paid out but their perceptions don’t match reality, with Aviva confirming it paid out 96.7% of all individual protection claims in 2016. The insight* comes as the insurer releases its first Aviva Individual Protection Claims Report, which highlights that it paid out more than £870 million in claims last year, equating to £2.4 million every day. More than 23,000 Aviva UK customers and their families**benefitted from individual life, critical illness and income protection cover. Aviva paid out 98.9% of life insurance claims to support families through a bereavement…
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    Written on Friday, 05 May 2017 04:45 in iPMI Magazine Breaking News
  • Bupa Arabia For Cooperative Insurance Co. Invites Shareholders To Extraordinary General Assembly Meeting
    The Board of Directors of Bupa Arabia for Cooperative Insurance Company (the Company or Bupa Arabia) hereby cordially invites the shareholders to attend the Extraordinary General Assembly Meeting, the 11th General Assembly Meeting, to be held on Monday 12th Shaban 1438H, corresponding to 8th May 2017G, at 6:30 pm at Bupa Arabia's Jeddah Head Office, Prince Saud Al-Faisal Street., Al-Khalediyah District, Jeddah, as per Google Maps location https://goo.gl/maps/xhifFv2Mt832 , to consider the following agenda: Resolution (1): To vote on the Board of Directors Report for the year ended 31/12/2016G. Resolution (2): To vote on the Auditors Report for the year…
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    Written on Friday, 05 May 2017 04:42 in iPMI Magazine Breaking News
  • Global Insurance Industry Set To Grow More Strongly By 2018
    Better economic prospects in the USA and in many emerging markets will offset negative factors such as declining growth in the Chinese market. In the longer term, the emerging markets of Asia will have the greatest growth potential, and their share of primary insurance premium is expected to be on a par with that of Western Europe in the next few years. Overall, the international primary insurance sector will grow by 4.5% p.a. on average (3.0% in real terms, i.e. adjusted for inflation) in 2017 and 2018. Whilst premium income is likely to grow only nominally this year, slightly higher…
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    Written on Tuesday, 25 April 2017 06:34 in iPMI Magazine Breaking News
  • Health Centers, Clinics, Insurance Brokers And Insurance Companies Fined For Violating The Dubai Mandatory Health Insurance Law
    The Dubai Health Authority (DHA) revealed that it has fined 25 health centers, clinics, insurance brokers and insurance companies for violating the Dubai mandatory Health Insurance law, while it has referred 6 clinics to prosecution for potential fraudulent activities. The DHA revealed the violations were found during surprise and routine inspections conducted by the Authority’s Health Funding Department as well as from member complaints. Dr Haidar Al Yousef, the Director of the Health Funding Department at DHA said the fines imposed on these health centers, clinics, insurance brokers and insurance companies ranged from Dh10,000 to Dh80,000. “Some healthcare providers and…
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    Written on Tuesday, 25 April 2017 06:01 in iPMI Magazine Breaking News
  • Myths & Confusion Stop Millions From Saving On Health Insurance Premiums
    Myths and confusion about Private Health Insurance could be preventing millions of Australians from saving on their soaring private health insurance premiums. A survey of over 35,000 households who have joined the Big Health Insurance Switch campaign reveals that: 2 in 5 consumers don’t know their April premium increase, 4 in 5 consider comparing policies ‘too hard’, and 1 in 6 wrongly believe they must re-serve waiting periods if they switch. The Big Health Insurance Switch now has over 30,000 households registered and is aiming for 40,000 in a bid to unlock a new group-discounted offer. But a range of…
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    Written on Wednesday, 19 April 2017 05:45 in iPMI Magazine Breaking News
  • Emirates ID Card To Grant Daman And Thiqa Members Access To Healthcare Services Across The UAE
    Members of the National Health Insurance Company in the UAE – Daman, will be able to use their Emirates ID (EID) to access health services across the company’s network in the UAE. Healthcare providers across the UAE have been trained to check Daman and Thiqa members’ eligibility to receive medical services by using the Emirates ID number through a secure online platform. The advanced platform matches the number with the members’ profile on Daman’s database. Such checks can also be made using the members’ card number. Healthcare providers in Daman’s UAE network have been testing the platform’s functionalities since last…
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    Written on Wednesday, 19 April 2017 05:31 in iPMI Magazine Breaking News
  • Employee Engagement Declining Across The Globe
    Globally, employee engagement declined for the first time since 2012, according to a new report from Aon Hewitt, the talent, retirement and health solutions business of Aon plc (NYSE:AON). According to Aon Hewitt’s analysis of more than five million employees at more than 1,000 organizations around the world, employee engagement dropped from 65 percent in 2015 to 63 percent in 2016. Less than one quarter (24 percent) of employees are highly engaged and 39 percent are moderately engaged. “The rise in populist movements like those in the U.S., the U.K. and other regions is creating angst within organizations as they…
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    Written on Tuesday, 18 April 2017 12:05 in iPMI Magazine Breaking News
  • Compare Cover Empowers Customers With Insurance Acceptance Rates
    With 31 percent of Brits declaring that sorting out money and finances is causing them stress*, Compare Cover has continued its drive to help educate consumers about the importance of life insurance and how it works. As well as displaying the levels of cover provided, life insurance comparison website Compare Cover now publishes acceptance rates for each provider and is the only comparison website that provides these rates for life insurance. Compare Cover's Business Development Director, Mike Preston, said:"Buying life insurance is not like buying any other financial or insurance product. Typically, an average consumer will only buy life insurance…
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    Written on Tuesday, 11 April 2017 11:11 in iPMI Magazine Breaking News
  • 40% Of Companies Already Have A Health And Wellbeing Strategy In Place
    With the total number of working days lost due to work related stress, depression or anxiety in Great Britain reaching 11.7 million days in 2015/16, employees’ health and wellbeing has never had such a big impact on a business’s performance. But how important is a health and wellbeing strategy for businesses? According to a recent survey by The Health Insurance Group, companies are taking health and wellbeing in the workplace much more seriously. The survey found that 40% of companies have had or have put in place a health and wellbeing strategy over the past five years, and over 35%…
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    Written on Tuesday, 11 April 2017 11:10 in iPMI Magazine Breaking News
  • Asia Sees Widening Salaries Gap
    The salary gap between top management and junior staff widened in nine Asian markets in 2016, as senior executive base salaries got close to, and in some locations, exceeded those in the U.S., while those in junior positions saw theirs lag far behind, according to a new study by leading global advisory, broking and solutions company, Willis Towers Watson. The widening salary gap between top management and entry-level positions in companies, revealed in the Asia Pacific (APAC) section of Willis Towers Watson's 2016/2017 Global 50 Remuneration Planning Report, indicates that compensation growth is playing little part in reducing the wealth…
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    Written on Tuesday, 11 April 2017 09:52 in iPMI Magazine Breaking News
  • Video Interview With Luciano Cirinà CEO of Generali CEE Holding
    Being innovative, understanding the needs of the client, having a strong sales network and an efficient workforce; these are all factors that have made Generali CEE – the holding company directing the operations of insurance companies within the Central and Eastern European region – the fourth largest market of the Generali Group, accounting for 5% of its total premiums and nearly 10% of its operating profit. Luciano Cirinà, CEO of Generali CEE, talks about success and future challenges we will face in order to stay competitive in an ever-growing market.
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    Written on Tuesday, 11 April 2017 09:46 in iPMI Magazine Breaking News
  • Fighting For Fair Tax At AMII AGM
    The Association of Medical Insurers and Intermediaries (AMII's) AGM saw the launch of a campaign to petition government against the forthcoming rise in Insurance Premium Tax (IPT) and its "potentially catastrophic impact." Stuart Scullion, AMII Executive Chairman, said: "If we do not stand up and make our voice heard, there is a worry that Government will continue to nudge IPT up, and this could have a potentially catastrophic impact on our industry. "I'm concerned that if we don't speak up now, IPT could reach 20 per cent by 2020 if not sooner. "On the Andrew Marr show recently, Tony Blair…
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    Written on Tuesday, 11 April 2017 07:33 in iPMI Magazine Breaking News
  • Use Private Sector To Help Over Stretched NHS Meet Targets Says AMII
    The UK government needs to utilise the capability and capacity in the private health sector to reduce pressure on an over-stretched NHS, the Association of Medical Insurers and Intermediaries (AMII) has said. Reacting to the announcement that the NHS Five Year Forward View has effectively abandoned the 18-week treatment target for elective surgeries such as hip and knee replacements, AMII Chairman Stuart Scullion said there was capacity in the private health insurance and private hospital sector to offer greater support to the NHS. Mr Scullion said: “The NHS is on the verge of meltdown. The combination of operational and fiscal…
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    Written on Tuesday, 11 April 2017 07:31 in iPMI Magazine Breaking News
  • Redefining Employee Benefits Critical Illness Insurance Plans for Aging Parents In China With Starbucks
    iPMI Magazine Breaking Global Healthcare News: Starbucks Coffee Company (NASDAQ: SBUX) today established a new precedent for the role and responsibility of a public company leading through the lens of humanity in China – its largest and fastest-growing second market. Beginning June 1, 2017, Starbucks will offer a critical illness insurance plan for the parentsi of its eligibleii full-time partners (employees) in company-operated stores across Mainland China. This industry-leading investment will benefit over 10,000 parents of its Chinese partners. The ‘Starbucks China Parent Care Program’ was announced by Howard Schultz, executive chairman, Starbucks Coffee Company, and Belinda Wong, ceo, Starbucks…
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    Written on Tuesday, 11 April 2017 07:22 in iPMI Magazine Breaking News

Medical, Healthcare, Expatriate And Travel Insurance

A guide to leading international medical, healthcare, expatriate and travel insurance underwriters, companies, providers, operating within leisure, expatriate and corporate travel business markets, globally.

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