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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

Black Friday Sale: Save £30 When You Publish A Front Page Exclusive News Story With iPMI Magazine

You are excited about a recent or upcoming development in the business and wish to announce it to the entire global international private medical insurance and health care industry: A new recruit; product upgrade; new service; attendance at an event - these are all developments iPMI Magazine readers wish to know about.

You have limited budget to distribute a press release article globally with photo, back links and promotional copy - in order to educate the industry about this important development in the business. You want front page coverage, social media promotion plus inclusion in an industry-wide email newsletter. You need to see the article everywhere.

At iPMI Magazine you are well covered as we have been providing international payors and providers with an exclusive front page news distribution service for over 5 years. Supported by our always-on global digital content delivery system, content goes further much quicker with iPMI Magazine.

Pay-As-You-Go On Demand News Distribution - Pay Online By Credit Or Debit Card

Designed for the fast-moving ever changing global IPMI industry, you may now access this service on-demand and pay as you go.

You can use a credit or debit card to settle your bill immediately meaning no waiting around for payments to clear. This leaves us to work hand-in-hand on the correct placement of the article whilst providing a space for you in the hearts and minds of our readership.

Features:

  • 1 Press Release;
  • To Include Your Company Bio;
  • To Include A Photo;
  • To Include Up-To 3 Back Links To Your Web Site;
  • Complete Meta Description And Meta Tags;
  • Front Page Coverage With Photo;
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International Private Medical Insurance News

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Publish A Front Page Exclusive News Story With New iPMI Magazine PR Distribution And Marketing Service

You are excited about a recent or upcoming development in the business and wish to announce it to the entire global international private medical insurance and health care industry: A new recruit; product upgrade; new service; attendance at an event - these are all developments iPMI Magazine readers wish to know about.

You have limited budget to distribute a press release article globally with photo, back links and promotional copy - in order to educate the industry about this important development in the business. You want front page coverage, social media promotion plus inclusion in an industry-wide email newsletter. You need to see the article everywhere.

At iPMI Magazine you are well covered as we have been providing international payors and providers with an exclusive front page news distribution service for over 5 years. Supported by our always-on global digital content delivery system, content goes further much quicker with iPMI Magazine.

Pay-As-You-Go On Demand News Distribution - Pay Online By Credit Or Debit Card

Designed for the fast-moving ever changing global IPMI industry, you may now access this service on-demand and pay as you go.

You can use a credit or debit card to settle your bill immediately meaning no waiting around for payments to clear. This leaves us to work hand-in-hand on the correct placement of the article whilst providing a space for you in the hearts and minds of our readership.

Features:

  • 1 Press Release;
  • To Include Your Company Bio;
  • To Include A Photo;
  • To Include Up-To 3 Back Links To Your Web Site;
  • Complete Meta Description And Meta Tags;
  • Front Page Coverage With Photo;
  • Hosted For Life;
  • Complete And Ongoing Social Media Promotion By The iPMIM Marketing Machine;
  • Emailed To Over 40,000 Active Subscribers;
  • Your Own Dedicated Content Manager;
  • Pay Online With Credit Or Debit Card.

Rate Card: Only £129-99 per article.

Get Started

Write to ipmiATipmimagazine.com and one of our news specialists will contact you directly to discuss your media requirements.

(Replace AT with @)

International Private Medical Insurance News

Read more...

Save £30 When You Publish A Front Page Exclusive News Story With New iPMI Magazine PR Distribution And Marketing Service

You are excited about a recent or upcoming development in the business and wish to announce it to the entire global international private medical insurance and health care industry: A new recruit; product upgrade; new service; attendance at an event - these are all developments iPMI Magazine readers wish to know about.

You have limited budget to distribute a press release article globally with photo, back links and promotional copy - in order to educate the industry about this important development in the business. You want front page coverage, social media promotion plus inclusion in an industry-wide email newsletter. You need to see the article everywhere.

At iPMI Magazine you are well covered as we have been providing international payors and providers with an exclusive front page news distribution service for over 5 years. Supported by our always-on global digital content delivery system, content goes further much quicker with iPMI Magazine.

Pay-As-You-Go On Demand News Distribution - Pay Online By Credit Or Debit Card

Designed for the fast-moving ever changing global IPMI industry, you may now access this service on-demand and pay as you go.

You can use a credit or debit card to settle your bill immediately meaning no waiting around for payments to clear. This leaves us to work hand-in-hand on the correct placement of the article whilst providing a space for you in the hearts and minds of our readership.

Features:

  • 1 Press Release;
  • To Include Your Company Bio;
  • To Include A Photo;
  • To Include Up-To 3 Back Links To Your Web Site;
  • Complete Meta Description And Meta Tags;
  • Front Page Coverage With Photo;
  • Hosted For Life;
  • Complete And Ongoing Social Media Promotion By The iPMIM Marketing Machine;
  • Emailed To Over 40,000 Active Subscribers;
  • Your Own Dedicated Content Manager;
  • Pay Online With Credit Or Debit Card.

Rate Card: Only £129-99 per article.

Introductory Rate: Only £99-99 per article.*

*Offer ends 1st April 2017.

Get Started

Write to ipmiATipmimagazine.com and one of our news specialists will contact you directly to discuss your media requirements.

(Replace AT with @)

International Private Medical Insurance News

Read more...

Publish A Front Page Exclusive News Story With Brand New On-Demand iPMI Magazine Digital News PR Distribution And Marketing Service

You are excited about a recent or upcoming development in the business and wish to announce it to the entire global international private medical insurance and health care industry: A new recruit; product upgrade; new service; attendance at an event - these are all developments iPMI Magazine readers wish to know about.

You have limited budget to distribute a press release article globally with photo, back links and promotional copy - in order to educate the industry about this important development in the business. You want front page coverage, social media promotion plus inclusion in an industry-wide email newsletter. You need to see the article everywhere.

At iPMI Magazine you are well covered as we have been providing international payors and providers with an exclusive front page news distribution service for over 5 years. Supported by our always-on global digital content delivery system, content goes further much quicker with iPMI Magazine.

Pay-As-You-Go On Demand News Distribution - Pay Online By Credit Or Debit Card

Designed for the fast-moving ever changing global IPMI industry, you may now access this service on-demand and pay as you go.

You can use a credit or debit card to settle your bill immediately meaning no waiting around for payments to clear. This leaves us to work hand-in-hand on the correct placement of the article whilst providing a space for you in the hearts and minds of our readership.

Features:

  • 1 Press Release;
  • To Include Your Company Bio;
  • To Include A Photo;
  • To Include Up-To 3 Back Links To Your Web Site;
  • Complete Meta Description And Meta Tags;
  • Front Page Coverage With Photo;
  • Hosted For Life;
  • Complete And Ongoing Social Media Promotion By The iPMIM Marketing Machine;
  • Emailed To Over 40,000 Active Subscribers;
  • Your Own Dedicated Content Manager;
  • Pay Online With Credit Or Debit Card.

Rate Card: Only £129-99 per article.

Introductory Rate: Only £99-99 per article.*

*Offer ends 9th October 2016.

Get Started

Write to ipmiATipmimagazine.com and one of our news specialists will contact you directly to discuss your media requirements.

(Replace AT with @)

International Private Medical Insurance News

Read more...

Collective Health Closes $81 Million Series C from Google Ventures, Founders Fund and NEA

Enterprise health insurance software and services leader Collective Health has secured $81 million in Series C funding. The round includes financing by new investor Google Ventures and returning investors NEA and Founders Fund along with Maverick Capital, Redpoint Ventures and RRE Ventures. Collective Health will use the new funding to offer its employer health insurance solution to companies nationwide in 2016, expanding beyond California for the first time.

Collective Health is also announcing that it is teaming up with leaders in healthcare across the U.S. including Anthem and Blue Shield of California to bring companies its complete health benefits solution. In the less-than two years since its founding, Collective Health has raised $119 million in total funding, including $32 million in its Series B round in March 2015. In 2016, the Collective Health platform will serve 30,000 members and is expected to process over $200 million in health insurance claims. By expanding availability of its employer health insurance solution to companies across the U.S., Collective Health is on a trajectory to process more than $2 billion in claims in 2017.

“We’re working to shift the focus of health insurance from profits to people,” said Ali Diab, CEO of Collective Health. “This significant infusion of capital comes at the perfect moment, enabling us to make our solution available to companies across the U.S. The funding will also enable us to continue to invest in building out our world-class team, forge new relationships with key partners and significantly grow our customer base. Ultimately, this funding will give Collective Health a big boost in our mission to make the healthcare experience in our country something we can all feel proud of.”

Founded in 2013 to transform the US health insurance experience, Collective Health has grown to more than 120 employees working to rebuild every layer of the health benefits experience. In the last year, the health insurance technology innovator added several enterprise companies headquartered in California to its customer base.

One of the company’s newest customers, announced today, is Activision Blizzard, Inc. Activision Blizzard, a member of the S&P 500 and a “100 Best Companies To Work For®” 2015,” is the world’s most successful video game company. It develops and publishes some of the most successful and beloved entertainment franchises in any medium, including Call of Duty®, Skylanders®, World of Warcraft®, StarCraft® and Heroes of the Storm.™

“We want our employees and their families to have the best healthcare experience possible, and Collective Health can help us deliver on this commitment,” said Milt Ezzard, Activision Blizzard’s Senior Director of Global Benefits. “We believe the key to a positive healthcare experience is applying technology and excellent member care to get the right resources to employees and their families at the right time. Activision Blizzard is known for leveraging technology and innovation to improve employee health by partnering with companies that share this vision, and we’re excited to work with Collective Health.”

Despite the fact that companies spend over a $1 trillion a year providing health insurance to their employees and their families, more than a third of America’s total annual healthcare spend,[1] most of these companies rely on antiquated, paper-based systems to select and manage their health insurance offerings and to communicate with insured employees and their dependents.

Along with providing an unparalleled benefits experience to members, Collective Health provides benefits managers and HR teams with the platform they need to communicate and deliver the value of employer-sponsored health insurance benefits to employees and their families. Because health insurance is the second largest cost for most enterprises, tracking and managing the financial components of health insurance is critical and requires real-time visibility into numerous areas from premiums to utilization. The Collective Health technology platform surfaces and simplifies what employers and employees need to know to make informed and intelligent health insurance decisions, during enrollment and throughout the year.

“The best companies are not just motivated to keep health spending low, they also want their employees to be productive, healthy and happy. In this way, self insured employers are holistically motivated by their workforce’s overall wellness. Collective Health is a novel way for employers to organize and analyze healthcare data so they best achieve this goal,” explained Google Ventures General Partner Blake Byers. “Simultaneously, Collective Health’s dashboard empowers employees by giving them the information and tools they need to manage their healthcare options in a way that’s intuitive and accessible.”

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USAA Life Insurance Co. Expands Health Insurance Solutions

USAA Life Insurance Co. added Cigna and UnitedHealthcare to its health solutions suite for the 2016 open enrollment period running from Nov. 1, 2015, to Jan. 31, 2016. The new offerings provide members more choice and convenience for primary medical insurance coverage.

“Unexpected health care costs can be devastating to a family’s finances. It’s mission-critical for us to provide our members affordable, effective coverage options when they need it,” said Greg Galdau, AVP of USAA Health Solutions. “By expanding availability and adding Cigna and UnitedHealthcare to the mix, we can offer health solutions to meet the needs of more members and their families.”

USAA Health Solutions now reach more than 70 percent of its members across the country and offer options for major medical health coverage. These options available to members can help avoid the penalties mandated by the Affordable Healthcare Act for inadequate coverage.

The new coverage options are available now to members in the following states: Ala., Ariz., Ark., Calif., Colo., Conn., Fla., Ga., Ill., Ind., Iowa, Kan., Ky., La., Mich., Miss., Mo., Neb., N.J., N.C., Ohio, Okla., Pa., S.C., Tenn., Texas, Utah, Va., and Wis.

Members are encouraged to call 800-531-6592 to speak to a member service representative to review their 2016 health insurance options or visit usaa.com for additional information.Medicare, dental, vision, long term care, and accident health coverage also available to USAA members.

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Obamacare Market Brings Higher Average Premiums For Unsubsidised

HealthPocket released a study analyzing newly available government data on the 2016 Affordable Care Act (ACA) health insurance market. When assessing options across the Affordable Care Act market, rate increases on existing plans as well in changes in the total number of available plans has resulted in double-digit increases in the average cost of premiums available within the 37 states using Healthcare.gov.

For the unsubsidised, this increase in the average available premium will likely be met with great concern. For the subsidized, government assistance limiting the cost of premiums to a percentage of earnings will erode the significance of the 2016 premium changes.

The changes in average unsubsidized premiums available in the 2016 versus 2015 ACA market are as follows:

  • Bronze plans average premium: 11 percent increase
  • Silver plans average premium: 10 percent increase
  • Gold plans average premium: 14 percent increase
  • Platinum plans average premium: 16 percent increase

The 2016 average individual and family medical deductibles are higher for bronze and silver plans as compared to 2015 but lower for gold and platinum plans.

  • Bronze plan average deductible: $5,731 individual/$11,601 family
  • Silver plan average deductible: $3,117 individual/$6,480 family
  • Gold plan average deductible: $1,165 individual/$2,535 family
  • Platinum plan average deductible: $233 individual/$468 family

Increases in the average cap on annual out-of-pocket costs were also observed for bronze, silver, gold, and platinum plans.

Since market options were evaluated in this study rather than consumer behavior, no weighting by enrollment was performed on health plans. 

 

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Russell Group And Munich Re Urge New Standards For Casualty Exposure Management

Insurance industry leaders are poised to instigate a far-reaching initiative to overhaul risk accumulation and exposure reporting in the fast-expanding casualty sector. 

Munich Re and Russell Group, a U.K.- based pioneering data analytics firm, are urging the creation of a new framework among insurers and reinsurers in the specialty casualty class. 
 
The ambition of the casualty initiative is to agree an industry standard for identifying and naming casualty risks, while streamlining and automating the reporting process.
 
Casualty encompasses a variety of product lines, often written by various underwriting units in different parts of the world, then reinsured and passed onto global retrocession markets.  Retrocession is a common industry practice where one reinsurer insures another by accepting business the latter, the cedant, had agreed to underwrite.
 
Russell Group Managing Director, Suki Basi, explains the drive is critical in the context of the current surge in demand to write casualty cover. He says, ‘We now have similarities in the issues facing direct and reinsurance companies, with the realisation that the solution for both is the same albeit for the reinsurer it is a lot more complex.’
 
The move comes amid disquiet in the industry about inadequate exposure reporting between cedants and reinsurers. Since multiple, manual accumulation and reporting mechanisms lead to confusion and heightened risk, the casualty class is a serious cause for concern and has the potential to really test a (re)insurer’s balance sheet.
 
An emerging demand among industry players is for the casualty market to display more transparency over insureds in order to properly enforce good accumulation controls.  There is also a growing conviction that an insured ‘naming convention’ is required which (re)insurers could use with confidence, knowing that they are taking on approximately the same insured risk. The belief is that reinsurers would benefit from a standard format to exchange policy exposure data between themselves and cedants. 
 
As Basi explains, ‘The market doesn’t consistently give exposures from cedants to reinsurers in a format that is easily digestible so that you can track smoothly the relationship between the exposure that is given by the reinsured versus the one that you are tracking from your other writings.’  
 
In a competitive market like casualty, adds Basi, the key to out-performing competitors is being selective, tracking aggregates better and using fragmented information in a more controlled, consistent way. 
 
Adriano Bastiani, Head of Casualty Facultative at Munich Re, claims the industry is experiencing a ‘flight to casualty’, which make the call for new risk naming and reporting standards globally more urgent. He says: ‘Liability has no frontier. It is volatile, it can be everywhere. You need to make sure that for the insured who is liable, you know how much of this liability you have picked up on your insurance policy and with the reinsurance policy you have written.’
 
He adds it is imperative for (re)insurers to be more selective and steer their capacity to focus on superior underwriting practices, and consolidate often hetergenous information received by cedants across the world in order to identify the right risks to underwrite. ‘It’s a tough job to aggregate all the information and bring it into the same format’, says Bastiani.
 
He likens the process to the gyrations in the capital markets. ‘You have to outperform the market. There is nothing different here to what happens in the stock market, where as a minimum you need to be better than the average, so superior underwriting quality is required. In order to do that you need to know what you have in your books, how to manage your aggregates and where you have free capacity.’    
 
Once information across different underwriting units and product lines - on a facultative and reinsurance treaty basis - is harmonised, the ultimate goal of the initiative is for underlying risk data to be integrated to analyse systemic risk. 
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Chase Templeton Further Bolsters Position In SME Space With Healthcare Solutions Acquisition

The deal, concluded on 30 October, the 15th sealed this year, brings some £700,000 in annual premium income (API) to the fast-growing broker. Nearly 90 percent of that API is currently generated by Healthcare Solutions SME clients, primarily through private health insurance.

Healthcare Solutions was the corporate vehicle of industry veteran Peter Frankum who at the age of 73 has decided to retire from the business.

“Having spent many enjoyable and rewarding years building up a great book of loyal clients, predominantly small businesses, I felt now was the time to hand over the reins,” commented Mr Frankum. “Chase Templeton, with whom I’ve also worked with for many years, seemed a natural home. They have an excellent track record of successfully integrating the many businesses they’ve acquired and retaining

clients by continuing to provide the high levels of service they demand.”

Jeff Tate, Chase Templeton’s mergers and acquisitions director, said Healthcare Solutions’ book offered a natural fit. “When it comes to company medical insurance and employee benefits whilst we do serve national and international corporates the SME space is really our sweet spot. Healthcare Solutions book will complement our existing strength in that space bringing an impressive roster of small businesses to Chase Templeton.”

He added that far from slowing the rate of the company’s acquisitions it is set to accelerate going into the final quarter of the calendar year. “The pipeline for 2016 is also looking very healthy indeed,” he said.

Chase Templeton has now completed over 50 deals since securing backing in January 2013 from Manchester-based Palatine Private Equity and recruiting CEO Warren Dickson to lead a “buy and build” expansion strategy.

The company now manages policies valued at over £125m in API and protects more than 110,000 lives from its headquarters in Darwen, Lancashire and offices in Bridgwater, Somerset, which service its individual clients. Nearly 100 staff now work at those offices, a near doubling of the 2013 payroll figure

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Willis North America Appoints Eric Joost Chief Operating Officer

Willis North America, a unit of Willis Group Holdings (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, today announced the appointment of Eric Joost as Chief Operating Officer.

Joost has been serving as Chief Executive of Willis North America's Specialty Practices since 2009. He will report to Todd Jones, CEO, Willis North America. Willis North America is the North American retail brokerage business of Willis Group Holdings. The business, which in 2012 reported revenues of more than $1.3 billion, has more than 100 local offices across the United States, Canada and Mexico, offering a full range of insurance and risk management services, specialist expertise and global resources to large corporate, middle-market and small business clients. In this newly created role, Joost will lead the development and execution of Willis North America's growth and operational strategies.

He will work closely with business unit leaders across North America and collaborate with Willis Group leadership to ensure Willis has the proper specialization, structure and operating models in place to support growth. Joost will continue to lead the North American Specialty Practices, which feature dedicated specialty brokers serving key marketplace sectors including construction, health care, financial services, real estate and life sciences; as well as dedicated insurance products to protect unique risks such as executive risk and environmental liabilities.

Commenting on the appointment, Todd Jones said, "Eric is well-suited to lead our operational strategies in North America. His experience aligning our specialty practices and product capabilities with our business platforms combined with his strong leadership skills and client focus makes him ideally suited to help us achieve our goal of improving connectivity across all of Willis to ensure we are positioned to support a much deeper and broader delivery to each and every client."

New York-based, Joost joined Willis in 2006 and has more than 25 years of experience in the insurance industry as a specialist broker and underwriter. Prior to joining Willis he held leadership positions at Allianz and Aon. He received his M.B.A. from Kellogg School of Management and his B.S. in industrial engineering from Northwestern University. 

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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.

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