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Passportcard's Innovative ASO Solution For Large Customers

International health insurance provider enables full cost control.

PassportCard's payment processing and administration of medical services (ASO solution) is now also used by Lufthansa. More than 20,000 members of its flight staff already benefit from it.

The large company enjoys a comprehensive cost control solution without the need to take out insurance.

The ASO solution enables claims management, cost savings, app usage and PassportCard's innovative card solution - around the clock and around the world.

Eithan Wolf, CEO PassportCard EUROPE told iPMIM, “PassportCard is incredibly proud to service 23000 air crew members of Lufthansa. At the same time it gives us the ultimate proof that we are on the right track on our journey to become the leading IPMI provider in Europe.”

Advantages of the ASO solution

ASO (Administration Services Only) solutions are ideal for large clients where the risk is self-sustaining from an actuarial perspective. In this case, it is more advantageous for companies to be considered "self-pay" in order to receive the full benefits of the insurance but save the insurance margin and the insurer's profit.

In an ASO solution, the claims fund, i.e. the account from which claims are paid, is topped up by the customer. This means that the company itself pays.

On average, the cost saving of an ASO solution compared to full insurance is about 20 per cent.

PassportCard has been managing ASO solutions for government agencies and large corporations for many years.

Effect of ASO solutions

ASO solutions unite the client and the provider. The ASO partner analyses the data every month to track the results and behaviour of the portfolio. Optimising changes can then be made to the performance table, which can be adjusted with the client's approval to achieve better cost containment results.

After one year, there is sufficient data to enter into either the continuation of the ASO solutions or the provision of a full insurance mechanism.

PassportCard is a member of the DavidShield and White Mountains group of companies (NYSE: WTM), which has been a leader in international health and travel insurance since 1999 and serves over two million customers worldwide. The Hamburg-based company has focused on the German market since 2015 and works with Allianz, MGEN and TK. The company is a winner of the German Innovation Award 2021 and belongs to the Leading Employer Top 1%.

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PassportCard Wins ITIJ Award For Best Specialist Service Provider of the Year

PassportCard is delighted to win two awards for distinguished achievements in 2016:  The Best Specialist Service Provider and The Best Marketing Campaign of the Year at the glittering awards ceremony of the International Travel & Health Insurance Journal in Berlin.

The judges commented on winning the Best Specialist Service Provider Award: “This is an exciting innovation which could have a considerable impact on the travel claims industry”.

In regard to the Best Marketing Campaign of the Year Award, the judges added: “This award is for recognition of innovation, creativity and best practice in delivering a successful marketing campaign”.

Sharon Haran, CEO of PassportCard said, “We are proud to receive these awards and the industry’s appreciation for our innovative and disruptive solution. This past year has been remarkable for PassportCard, as an increasing number of German and Canadian travelers are recognizing the benefit of our new approach at their moment of truth. In conjunction, our Israeli operation has successfully reached a prominent market position”.  

PassportCard operates in Germany and Canada in collaboration with Allianz Global Assistance. The Company enables claims to be paid within minutes, with no out-of-pocket expenses and no need for paperwork. PassportCard’s fully digital and streamlined process is facilitated by its sophisticated Big-Data algorithms and a global payment platform.

About PassportCard

PassportCard is UK based and a joint venture between White Mountains Insurance Group and DavidShield. The Company franchises its unique solutions to major travel insurance and medical assistance companies worldwide.

PassportCard's distinctive offering has won several industry prizes and most recently elected as one of Medici’s EMEA Top 7 InsurTech StartUps.

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DavidShield App Awarded Winner of "Most Innovative Use of Technology in Global Mobility" at the Forum of Expatriate Management APAC Summit 2016

DavidShield won the prestigious Expatriate Management and Mobility Award (EMMA), recognizing best practice and outstanding contribution in global mobility, at the FEM APAC Summit held at the Orchard Hotel in Singapore on September 8, 2016.

DavidShield, a privately-held Managing General Underwriter and Administrator (MGU/MGA) and a leader in expatriate health insurance, announced today that its DavidShield App – the only health insurance application to authorize prepaid medical expenses and within a minute – won the award for "Most Innovative Use of Technology in Global Mobility" at the FEM APAC 2016 Summit. 

The DavidShield App, used in conjunction with the DavidCard, a personal magnetic card linked to a Visa or MasterCard infrastructure, provides members with a unique platform for obtaining a wide range of medical services, including receiving prepaid funds for medical needs. The technology eliminates the need for PPO/network arrangements, claims for reimbursements, multiple receipts and all the other inconveniences associated with current global health care delivery systems. It is a cashless and borderless solution used for accessing medical services in over 95 countries worldwide.

The revolutionary app also utilizes Big-Data and analytics tools to produce a ranking based search engine, providing members with access to a social review and rating system of medical providers across the globe. The system's analytic tools also allow for advanced detection of claim fraud.

"We are honoured to receive the EMMA award. The acknowledgement validates our concept of delivering hassle-free healthcare through innovative technology solutions," said Ilan Gat, CEO of DavidShield. "With the DavidShield App, our members receive prepaid medical funds within one minute and are given full autonomy in making informed decisions about their healthcare. The app's integration of a social rating system sets precedent in our field by providing members with real-time knowledge to assist in their selection of a medical provider."  

The DavidShield app is available on iOS and Android devices:

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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.