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Welcome to the iPMI Magazine online report centre, designed specifically with your businesses educational needs in mind. Here you may browse a range of highly specialist, niche, market research reports covering the hottest topics in the insurance industry today.

Bumrungrad Eyes China Healthcare Market

The second largest hospital operator in Thailand, Bumrungrad Hospital Pcl, is currently seeking international opportunities, with a view to expand in China, Myanmar and Vietnam. The news breaks following the domestic political crisis in Thailand, which has prompted the operator to cut its revenue target this year.

CEO Dennis Brown told major media that following months of political unrest the hospital operator cut the 2014 revenue growth target to between 7 and 10% from 10 to 15%.

The issues surrounding the political stability of Thailand were further represented by the hospitals international patient figures. In the 1st half of 2014 foreign patients, who account for approx. 60% of revenue, fell 12% for outpatients and 8% for inpatients.

"We anticipate between 7 to 10 % growth this year. Normally, we expect 10 to 15 %," Brown confirmed.

Fast facts:

  • Bumrungrad began international expansion in 1997, following Asia's financial crisis;
  • In March 2014 Bumrungrad acquired a 41% stake in a Mongolian hospital;
  • Has cash of about 6 Billion Baht;
  • Has set a budget of about 600 Million Baht a year to spend on equipment replacement and new machines.

China Healthcare Market Opens Up

With recent news from Beijing confirming that international investors may now wholly own a 100% of hospitals and elderly care homes in China, without a joint venture, Brown is excited at the opportunity to invest in China.

Over the years, Beijing has slowly opened the doors to overseas investment, allowing foreign investors to own 70% in past hospital joint ventures.

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China Health Insurance Market Opens Up

Beijing encouraging foreign private investment to relieve stressed-out healthcare sector. Foreign investors may wholly own hospitals in seven cities and provinces, opening up the country's fast-growing private hospital sector.

At a recent meeting of China's cabinet, the State Council set out plans to build new medical facilities and elderly care homes supported by investment from international private medical insurance firms. Under the plans, investors will be allowed to own 100% of facilities in seven provinces and cities.

China's population, nearing 1.4 billion, are around 90% covered by state health care, however cover is limited and often medical fees are paid out-of-pocket. There is also a large difference between the quality of health care provided in rural and urban hospitals. This is blamed on a lack of funding and administrative corruption, mostly affecting the poorest people.

In June, Deutsche Bank calculated there were 11,300 private hospitals in China in 2013, a massive increase from 3,200 in 2005. Commercial insurance premiums grew 30% compared to the state sector growing 18%. According to a McKinsey report, the country's health care spending is forecast to reach around $1trn by 2020 from $357bn in 2011. According to Reuters this may lead to a rapid increase and flow of investment from international private insurers and hospital operators.

Over the years Beijing has slowly opened the doors to overseas investment, allowing foreign investors to own 70% in past hospital joint ventures. Under the new rules, China, Hong Kong, Macau and Taiwan, will all permit foreign investors to own 100% of hospitals.

Currently PICC Health Insurance, Kunlun Health Insurance, Hexie Health and Ping An Insurance Group Co of China Ltd are the largest private health insurers China.

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Better Property Rights For Expats In Abu Dhabi

Freehold homes are now within reach of expatriates living in Abu Dhabi, as the city aims to boost its property sector.

Those foreigners living in the capital of the United Arab Emirates (UAE) have been restricted to leasehold agreements in the past, but can now purchase houses in designated investment zones. The move puts Abu Dhabi in a similar position to Dubai, where it has always been easier for expats to buy property. In fact, Dubai has one of the most thriving property markets in the world, due to a decree issued in 2002 that granted freehold rights to people from outside the Gulf Cooperation Council nations. A number of the new investment zones being set up in Abu Dhabi are to be controlled by Aldar Properties, the biggest property developer in the UAE and majority owned by the state.

Abubaker Seddiq al Khoori, chairman of Aldar Properties, said: "We believe that attracting long-term foreign investors will bring great benefits to Abu Dhabi in particular, and to the UAE in general, so that we can continue our path of construction and development."

Many of the bigger development projects that had been planned in the city were put on hold when the global economy took a downturn in 2009, hitting Abu Dhabi's residential property sector hard. Despite the move to allow expats freehold property rights being welcomed by most foreigners in the country, some remain sceptical. The bureaucracy is complicated to navigate and expats are subject to wide-reaching conditions that mean certain modifications to a property are not allowed.

Will Palmer, a British expat living in the UAE, told the Telegraph: "While this is good news, freehold property rights in this country are not that straightforward as you still have to adhere to some conditions, especially if you live in a gated community."

Expatriate Healthcare specialise in providing international health insurance. Make sure you're protected.

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Online Claims Submission Now Available For International Business Travelers Covered by Cigna

Online Claims Submission Now Available For International Business Travelers Covered by Cigna

International business travelers covered under a Medical Benefits Abroad® (MBA) plan from Cigna Global Health Benefits, a division of Cigna Corporation (NYSE: CI), now have the option to submit their claims online directly through CignaEnvoy.com. The new feature also provides access to an Electronic Funds Transfer (EFT) payment method called ePayment Plus, which adds another electronic option for customers to receive reimbursement from submitted claims.

When traveling on international business, it’s important that customers have access to quality health care when they need it. The Cigna MBA plan provides medical coverage for unexpected illness and injuries that occur while traveling on international business outside of a customer’s home or permanent assignment country. Any MBA customer who is a registered Cigna Envoy user can file an online claim through a few simple steps. “More and more, customers are going online to learn about products and services, including their health care coverage,” said Sheldon Kenton, director of Cigna's Global Sales and Client Management.

“Having the ability to submit a claim quickly, securely and at any time during the day is an absolute necessity for our MBA customers. We want to make it easy to do business with us, and this is just another way we do that.”

Four different plan designs offer the flexibility to choose the appropriate level of coverage. In addition to medical, Cigna MBA plans may offer coverage for prescription drugs and replacement medication for lost prescriptions that are medically necessary, dental emergencies, medical evacuation, and other benefits. MBA customers can use Cigna Envoy to file online claims and to access other helpful information including country-specific health resources, a list of pre-screened doctors and hospitals that bill Cigna directly, as well as currency and exchange rate information, security alerts and immunization requirements.

For more information, please visit www.CignaGlobalHealth.com or call 1.800.796.1156.

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Allianz Worldwide Care Launches NGO Healthcare Plans

Allianz Worldwide Care has developed a range of international health insurance products designed specifically for Non-Governmental Organisations (NGO’s). The SANO NGO healthcare plans will be sold exclusively by SANO Concept International and its French partner SANO Care. This new product range has a solution for every NGO, even if they employ different categories of staff (e.g. expats, third country nationals, local staff) or whether their staff are on long term or short term assignments. Whatever their employee categories, nationalities, location or duration of employment, NGOs will have the convenience and simplicity of dealing with a single health insurer.

The SANO NGO plans are available on a Medical History Disregarded (MHD) basis and will cover employees as well as their dependants. There are five plans to choose from and these can include cover for in-patient treatment, out-patient treatment, dental treatment and either evacuation or repatriation.

There is also a choice of geographical region of cover, providing NGO’s with a truly flexible solution from which they can select the cover most suitable for them. Two of the plans can also be used as a ‘top-up’ to the CFE (French social security for expatriates), providing French expats with the reassurance of knowing that their social security cover remains uninterrupted, with no waiting period on their return home.

Hendrik Boelens, Regional General Manager at Allianz Worldwide Care commented: “We believe that the SANO NGO product range will be welcomed by Non-Governmental Organisations, most of whom would otherwise have to use a number of providers and go through multiple layers of administration. This new range, distributed by SANO Concept International and SANO Care, will offer NGO’s a ‘one-stop-shop’ for all their health insurance needs. Plus, plans are backed up by Allianz Worldwide Care’s consistently high level of client service and support, thus helping NGO’s to attract and retain key staff”.

Sébastien Menand, Managing Director of Sano Concept International added “The SANO NGO product range is one of the first developed exclusively for the NGO sector. We recognise the fact that the profile of NGO employees is changing, with an increasing number of local employees and third country nationals (TCNs) being hired. This is why these plans have been designed for NGOs who may employ local employees and/or third country nationals, as well those who employee expats, which would be the more traditional approach. The ability to be able to provide healthcare cover for all categories of employees is essential to meeting the needs of today’s NGOs.”

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Allianz Worldwide Care Announces Healthcare Plan Enhancements Following Annual Product Review

Following its annual product review, Allianz Worldwide Care announces enhancements to its individual healthcare plans as well as new online support tools for maintaining health and wellness. The company has introduced a range of deductibles for its Core Plans (which primarily cover in-patient treatment) for individuals, offering clients an even greater level of flexibility and choice when it comes to selecting the combination of healthcare plans and options that best suits their needs. Selecting one of these new deductibles, which range from €450 to €10,000, will reduce the member’s Core Plan premium, with the highest deductible option corresponding to a premium discount of up to 60%.

A number of new health and wellness resources have also been added to the members’ area of the Allianz Worldwide Care website www.allianzworldwidecare.com, providing information and tools to support members in terms of managing their health. The new resources now available in the Health and Wellbeing section include access to health risk assessments, stress and weight management advice, assistance on giving up smoking, advice about sleeping well as well as tips on fitness and nutrition.

The company’s annual product review includes an analysis of healthcare premiums, and in line with the company’s commitment to maintaining affordable premiums, Allianz Worldwide Care has increased its premium base rates by an average of only 5% for the majority of its group and individual international healthcare plans. This is significantly below the industry average and can be attributed to the company’s well established cost containment practices.

Susan Landers, Head of Marketing and Client Management commented: “Listening to feedback from our clients and understanding their needs is a critical part of the product review process. People want healthcare plans which can be tailored to their specific requirements. We also understand the importance of ensuring that our health insurance remains affordable. Our ability to proactively monitor and manage the cost of medical treatment and associated services is what enables us to offer competitive premiums combined with a high level of service.”

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The Difference Between Travel and Expatriate Insurance

The Difference Between Travel and Expatriate Insurance

Cigna Global provides international health insurance for Expatriates living abroad. Cigna combines years of experience in private medical insurance with an understanding of the service and customer care you need. With Cigna you can create a health insurance plan that's perfectly tailored for the needs of you and your family by offering you the reassurance of comprehensive core cover, and the flexibility of adding as many extra benefits as you want.

The Difference Between Travel and Expatriate Insurance

Cigna Global provides international health insurance for Expatriates living abroad. Cigna combines years of experience in private medical insurance with an understanding of the service and customer care you need. With Cigna you can create a health insurance plan that's perfectly tailored for the needs of you and your family by offering you the reassurance of comprehensive core cover, and the flexibility of adding as many extra benefits as you want.

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You Are Global

You Are Global Overseas Health Insurance

 

You Are Global is a leading international health, expat, life and travel insurance broker and intermediary, based in Brazil. You Are Global works with leading private medical insurance providers and companies like IMG, Cigna, HCC, Now Health International and Allianz Worldwide Care. You Are Global caters specifically for expatriates, travelers and tourists, working, living and visiting Brazil. You Are Global has specific expertise working with Spanish speaking cultures around the world whilst also proving international health, medical, travel, expat and life insurance plan to the out bound travel market in Brazil.

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You Are Global

You Are Global Overseas Health Insurance

You Are Global is a leading international health, expat, life and travel insurance broker and intermediary, based in Brazil. You Are Global works with leading private medical insurance providers and companies like IMG, Cigna, HCC, Now Health International and Allianz Worldwide Care. You Are Global caters specifically for expatriates, travelers and tourists, working, living and visiting Brazil. You Are Global has specific expertise working with Spanish speaking cultures around the world whilst also proving international health, medical, travel, expat and life insurance plan to the out bound travel market in Brazil.

How can we help?

If you are an international citizen and need a medical coverage which knows no boundaries, you are in the right place. We understand the world has evolved and business and study programs are not limited to the place we live. And this also happens to international travel opportunities: nowadays, travel abroad is easy due to globalization. In the other hand, we know that having a comprehensive, continuous and worldwide medical coverage is mandatory to an international citizen. Therefore, from now on you can access all solutions ValenteRocha provides throughout “You are global – SeguroSaúdeemViagens” program.

You can have a global support, with online assistance, quoting and contracting your international medical coverage with adjustable options as you have never seen. Now you have access to the most comprehensive medical coverage plan available in the American Health Insurance Style. *You are Global – Seguro Saúde em Viagem”isValenteRochaproperty for international medical coverage plans.

Safe On-line Shopping

The whole process of your international medical coverage shopping can be on-line, throughout the internet. In this channel, you can have the quotation you need, revise the offered coverages, fulfill your personal data and send, directly to the enterprise, your international medical coverage request. We know that, due to the nature of our solutions, some personal information is confidential. Then, the entire information submitting process is confidential and all personal information is sent directly to underwriting department which is under a severe clause of confidentiality regarding our clients` information. All this provides you peace of mind. All the shopping system is secured by a safe site and digital certificate, which ensures the online shopping. In other words, we are ready for you to have what is the top of the best medical coverage available, aligned with an customer service and underwriting processes with are modern, safe and dynamic.

Company: You Are Global

Address: R.Lima Barreto, 442, Curitba, Brazil

Phone: +55 41 3527 2680

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

Web: www.youareglobal.com

 

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Delivered digitally in PDF format, iPMI Magazine market research reports contain all the insurance and healthcare business intelligence you need to make well informed cross-border business decisions. The results of over 60 years of combined IPMI market research, iPMI Magazine reports are where leaders learn from leaders from in-depth, specific and high targeted technical market contents.