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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

8 Million U.S. Employees Enrolled In Private Health Insurance Exchanges

The number of people who enrolled in private health insurance exchanges – an online marketplace for people to choose their employer-sponsored benefits – for 2016 increased 35 percent from last year, to approximately 8 million, up from [approximately] 6 million in 2015.

“As administering health benefits becomes increasingly costly and complex, employers will explore new models to reduce cost and meet consumer demand for greater choice and more robust digital experiences,” said Rich Birhanzel, managing director of Accenture’s Health Administration Services. “The extent to which private exchanges succeed at differentiating themselves and proving their value over traditional benefits delivery plans will ultimately determine their future growth.”

Accenture’s research indicates that the growth of private health insurance exchanges continues to be fueled by midsize companies with 100 to 2,500 employees. The rate of adoption among large employers did grow slightly in 2015, but many have been on the fence in determining whether to adopt private health insurance exchanges.

“Private health insurance exchanges have a unique opportunity to capitalize on the market and regulatory forces that are compelling employers to change their approach to benefits,” Birhanzel said. “If current vendors can deliver on the key elements of a private exchange, they can capture share in a market that will continue to grow. If they cannot deliver meaningful differentiation, legacy providers will evolve to meet the market and regulatory needs that are driving the demand for private exchanges.”

Methodology

For the fourth consecutive year, Accenture conducted an analysis of U.S. enrollment in private health insurance exchanges, focusing on individuals and dependents under the age of 65 who receive group health insurance through an employer. 2015 enrollment was calculated by assessing enrollment activity in private health insurance exchanges through December 31, 2015.

 

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Three Quarters Of Consumers Find Conflicting Health Advice Online

  • Four in five UK adults (79%*) turn to the internet for health advice, online poll shows;
  • Yet, more than three quarters of consumers online (84%) admit finding conflicting health information, leaving many of them confused, frustrated, concerned or anxious;
  • Bupa calls for greater awareness of the health industry’s quality marks, confirming health information is verified.

Four in five people (79%) turn to the internet for health information and advice; an act which could put them at risk of making poor decisions. New research from Bupa reveals that more than three quarters (84%) of adults in the UK who have searched online for health information admit finding conflicting healthcare information, leaving many feeling confused (30%), frustrated (20%), concerned or anxious (14%) when asked to select the best option that applies. 

Worryingly, the research which polled over 2,000 UK adults online, also found that only two in five (41%) said they would be likely to visit a medical professional after reading healthcare advice online.

Commenting, Dr Paula Franklin, Medical Director for Bupa UK, said, “It is hardly surprising that people are feeling confused and frustrated when looking for health advice online, given the amount of information out there. People want to know more about their health and wellbeing than ever before so it is essential that they know where to get trusted and clinically approved advice, and are aware of the risks of reading unqualified health information.”

There is a clear need for more help in navigating healthcare information online. More than three quarters of those questioned (76%) said they would find it useful if medically approved healthcare advice displayed a ‘quality mark’ from an official regulator. Yet nearly three-quarters of people (73%) have not heard of The Information Standard (a government-backed organisation which awards a quality mark to reliable sources of information such as NHS Choices and Bupa UK). Any printed information or webpage displaying this quality mark has gone through a rigorous assessment to check that the information is reliable and trustworthy.

While its reassuring that 44% of people questioned would trust a website that has been backed by the government (such as The Information Standard) when searching for health advice, worryingly one in ten (11%) would trust health advice if the website “looks professional”, while a similar number (9%) would feel a website is ‘trustworthy’ if it appears high up in an internet search.

Dr Paula Franklin adds, “I strongly urge people to look for one of the many qualified websites that are marked with the Information Standard’s quality mark when searching for health information online, and to always access personal advice from a healthcare professional before taking a course of action.”

Dan Wills, Assessment and Development Manager, The Information Standard said, “Across England, thousands of organisations produce health and care information for the public which varies greatly in terms of quality and reliability. With the use of smart phones and tablets we have large amounts of this information at our finger tips but how can you tell which information is trustworthy? The Information Standard is one method by which to check the information you are reading. Any information baring The Information Standard logo has been produced following a robust process that has evidence and their target audience at the center, so you can be assured it is not only from a reliable source but also explained in a way you will find useful.”

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International Medical Insurance Broker Intermediary

International Medical Insurance Broker Intermediary

You may be a business traveler, student studying abroad, an expatriate, leisure or medical health tourist searching to source, compare and select the best International Medical Insurance Broker Intermediary. Since 2009 International Private Medical Insurance Magazine has been providing mission critical information about International Medical Insurance Brokers and Intermediaries to individuals, groups, corporate clients, brokers and intermediaries. It is important to fully understand International Medical Insurance requirements before you travel and insure you select the right and most appropriate health and medical insurance plan for leisure, business, educational or health travel purposes. International Medical Insurance Companies comes in all shapes and sizes so be sure to do a complete comparison of the International medical health insurance company, plan, costs and fine print.

International Private Medical Insurance Magazine represents many leading International Medical Insurance Brokers and Intermediaries and operates a worldwide network of underwriters, providers, brokers and intermediaries.

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International Medical Insurance Company

International Medical Insurance Company

You may be a business traveler, student studying abroad, an expatriate, leisure or medical health tourist searching to source, compare and select the best International Medical Insurance Company. Since 2009 International Private Medical Insurance Magazine has been providing mission critical information about International Medical Insurance Companies to individuals, groups, corporate clients, brokers and intermediaries. It is important to fully understand International Medical Insurance requirements before you travel and insure you select the right and most appropriate health and medical insurance plan for leisure, business, educational or health travel purposes. International Medical Insurance Companies comes in all shapes and sizes so be sure to do a complete comparison of the International medical health insurance company, plan, costs and fine print.

International Private Medical Insurance Magazine represents many leading Global Medical Insurance Companies and operates a worldwide network of underwriters, providers, brokers and intermediaries.

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ALC Health Appoints Managing Director To Spearhead Major Client Services And Systems Growth

Global private medical insurance provider ALC Health has announced the appointment of Stephen Godbold as the company’s new Managing Director, taking over from founder Sarah Jewell who moves into the role of Group CEO.

ALC Health Appoints Managing Director To Spearhead Major Client Services And Systems Growth

With a career of over 35 years across the insurance sector, Stephen has held a number of high level appointments most recently as Chief Operating Officer at Lorica Insurance Brokers where he was responsible for managing both operational and technical matters across a variety of platforms. Joining ALC Health at a time of continued growth, Stephen will lead the development of the company’s new IT infrastructure, customer service delivery and compliance management.

Sarah Jewell, Founder and CEO comments, “As the company continues to enjoy record growth, the importance of ensuring that our members and distribution partners continue to receive the very best customer service and support remains our number one priority. Stephen joins an already experienced management team and brings with him an additional skill sets that will help ALC Health continue to grow as a specialist boutique iPMI provider with a reputation for delivery excellence”.

Related Reading: ALC Health Reports A 38% Growth In Global Medical Insurance

Read more about ALC Health International Health, Medical and Travel Insurance Plans for expatriates, tourists, students studying abroad and business travelers, on the ALC Health micro site on iPMIM, click here.

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The Risks Of A Hyper Connected World

Aon Global Risk Consulting, has conducted further research to understand more about organisations’ attitudes to the top threats they face in today’s hyper connected world.

With a focus on analytics, Aon wanted to explore further some of the results of its biennial Global Risk Management Survey (GRMS*) published in 2013, so it subsequently asked captive directors (executive and non-executive) for their opinions on the rankings of the top 50 risks identified.

Stephen Cross, Chairman, Aon Centre for Innovation and Analytics, said “We felt that the results from the GRMS 2013 had thrown up some anomalies. With our expertise in the captive space, we approached captive directors for their opinions on the rankings of various risks to give us a more holistic view. As a result, we believe there is a real debate to be had across the risk management industry on insurable versus uninsurable risk. Understanding risk has always been a fact of business life, but today, the magnitude, complexity and speed have increased exponentially. That is why business leaders are concerned with how they manage risk.”

One particular threat that Aon felt was under-rated was Cyber Crime, which was voted as the #18 risk affecting businesses. Overall 83% of captive directors agreed that the #18 ranking was severely or perhaps under-rated.

“Successful business are increasingly using technology to increase sales, maximise efficiency and reduce expenses, but evolving technologies such as cloud computing and social media increase a business’s risk to cyber theft, fraud and sabotage” commented Rory Moloney, CEO of Aon Global Risk Consulting, “I believe the low rating of cyber threat might be due to a lack of ownership as often it’s not clear where this risk rests in an organisation. Also, we still lack data which makes it difficult for the insurance market to respond," he said.

Another area of concern to Aon was the attitude towards terrorism risk, which was ranked #46 in the survey and 52% of captive directors agreed that this threat was ranked too low (62% in the Americas). Aon’s view is that with more incidences of political unrest and terrorist attacks, organisations must not become complacent, as terrorism attacks are not confined to politically or economically unstable regions, and the results are almost always devastating. Aon plans to launch its 2014 Terror Risk Map on 28 January 2014.

Cross said: "Is it a case of 'out of sight, out of mind'? Complacency around risk management is an issue and we need to heighten this issue. We believe risk managers have underrated the risk of terrorism, and the views of expert captive directors concur with our view.”

* Global Risk Management Survey (GRMS) methodology

1,415 respondents (risk managers/CFOs/CEOs) from 70 countries in all regions of the world and from companies of all sizes provided their views on the latest risk trends and priorities companies face.

* Captive Director Research

Given that some of the results of the GRMS surprised Aon, to double check those findings and get a more holistic view of the perception of those threats from an audience with a broad depth of knowledge and global experience, it conducted more research with Captive Directors to gain their insight and perspectives. This resulted in the first research report into the perceived importance of risks as seen by over 100 executive and non-executive captive directors.

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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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Travel Advice Armenia

Travel Advice Armenia

The Foreign and Commonwealth Office (FCO) advise against all but essential travel in the area of the closed border between Armenia and Azerbaijan, particularly in the Tavush and Gegharkunik regions. The FCO advise against all travel on the road between Ijevan and Noyemberyan, which passes close to the border.

In April and June 2012, there were reports of ceasefire violations along the Armenia-Azerbaijan border which resulted in a number of deaths and casualties. As a result of possible international military action in Syria there may be an increased risk of demonstrations by groups opposed to the intervention. Keep up to date with developments, be vigilant and avoid any protests or demonstrations.

The British Embassy can’t provide consular assistance or advice to visitors to the Nagorno-Karabakh region. There is a low threat from terrorism. Avoid all demonstrations and large public gatherings. In May 2012 a gay-friendly bar in downtown Yerevan was attacked and a diversity march in central Yerevan was disrupted by nationalist groups.

From 10 January 2013, British and EU passport holders no longer require a tourist visa to visit Armenia.

Take out comprehensive travel and medical insurance before you travel.

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Flood Insurance For River Basin People

Flood Insurance For River Basin People

Poor and vulnerable people in the river basin areas of Sirajganj district come under an index based flood insurance product, to address the disaster risk reduction in the flood prone regions. The product was launched yesterday (20 August 2013) at BRAC Centre in a program titled Launching Ceremony on Index Based Flood Insurance Product Piloting in Sirajgonj, Bangladesh, organized by Oxfam. Initially the flood index insurance product will cover 1661 poor families of 10 villages located in Char areas of Sirajganj district on a pilot basis.

The product aims to provide cash relief of up to BDT 8000 per household in event of catastrophic flood. Addressing the launching ceremony as the chief guest, Abul Hassan Mahmood Ali, MP, Minister of Disaster Management and Relief said, ”With this very innovative initiative, poor and vulnerable people of Sirajganj district, who are the regular victims of flood will feel more secured. Such kind of initiative helps the government to address the disaster risk reduction.” He urged all to scale up this effort to cover whole Bangladesh. Snehal Soneji, Country Director for Oxfam in Bangladesh, in his welcome remarks said.

“Bangladesh is a flood prone country, which is one of primary reasons for wide spread poverty, despite the remarkable economic progresses government has made. Index based flood insurance is aimed to design a commercially viable catastrophic flood insurance scheme for the poor and vulnerable.”

He further added, “We are now piloting it in Sirajganj, with a hope to spread it across the country with the support from government, national and international organizations.”

Initiated by Oxfam, the project is funded by SDC (Swiss Agency for Development and Corporation) and jointly implemented by CIRM Advisory Services (India), Institute of Water Modeling (Bangladesh), Pragati Insurance Ltd. (Bangladesh), Swiss Re, Manab Mukti Sangstha (Bangladesh) and Palli Karma Sahayak Foundation (Bangladesh). "Floodwater that used to create fertile ground for agriculture crops has resulted in catastrophic consequences in Bangladesh now.

Through this flood index insurance scheme, Swiss Re supports the insurance sector with product structuring, pricing and underwriting, as well as reinsuring the risks. The insurance scheme will help to mitigate the fiscal impact of the flooding to the villages, and strengthen the resilience of the economy," said Harini Kannan, Head of Agriculture Reinsurance South West Asia from Swiss Re, the reinsurance partner for this project. Earlier Sardar M Shah Newaz, Director, IWM presented the flood hazard model and Rupalee Ruchismita, Executive Director, CIRM presented the keynote paper on Index Based Flood Insurance Product.

Among others, Manirul Islam, Managing Director, Pragati Insurance Ltd, Prof. Dr. M. Monowar Hossain, Executive Director, IWM, Md Habibullah Bahar, Director and Manab Mukti Sansgtha also spoke. Mohammad Abul Wazed, Director General, Disaster Management Bureau (DMB) addressed as the special guest, while MB Akhter, Program Manager, Oxfam, gave the vote of thanks. Representatives from government, national and international organizations, media and community were present at the event.

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Egypt In-Touch Assistance

 

Egypt In-Touch Assistance is the first ISO9001:2008 certified Assistance Company in Egypt, specialized in offering medical & non-medical assistance services all over Egypt and the Middle East. Our Mission is to keep costs to a minimum without affecting the quality of the healthcare and assistance services provided. Our goal is to be the leading assistance company in Egypt and the Middle East, providing medical and non-medical assistance services to local citizens and international business, leisure and medical tourists.

The key to our success is our local presence and knowhow, committed staff, customer focus and quality and transparency in our case processing. We deliver true value through quality care and competitive pricing. The EIA founders have been working in Egypt with more than 15 years experience in the healthcare market.

Company: Egypt In Touch

Address: El-Nasr St, El-Dahhar, Hurghada, Red sea, P.O.Box 491, Egypt.

Cairo office: 312 Al-Sudan St. 4th floor – Flat 14 Mohandessein

Phone: +201 2024 0504

Fax: +206 5355 5332

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web: www.egypttravelassistance.com

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