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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.

International Health Insurance (IPMI) 2021

Leading international private medical insurance publisher iPMI Magazine is excited to announce the launch of the “International Health Insurance 2021" IPMI market report written by leading insurance and healthcare analyst Ian Youngman.

There are now 80 million expatriates, 5 million international students, 4 million temporary foreign workers, and 18 million high net worth individuals of which 2.7 million are ultra high net worth. All of these are targets for international private medical insurance.

International health insurance for expats, third country nationals, domestic nationals and global nomads is a 3 volume iPMI market report updated in 2021 with even more companies and more countries.

Overview:

Expats and local workers of global companies and HNW individuals may no longer have the option of flying home or another country for medical treatment so may have to rely on local healthcare.

Global insurers have national and international healthcare networks that have a better capability for telemedicine than local insurers.

In almost every country the state healthcare network is under never before experienced pressure so access to private healthcare is increasingly essential. In some countries, expats will be at the back of the queue for state healthcare. In some countries, even access to private healthcare may be strained and hospitals may have to prioritise healthcare for long-term partners such as insurance companies over one-time private patients.

An increasing number of insurers are moving from being health insurers to healthcare providers protected by health insurance. With a linked move to Artificial Intelligence and teleconsultation, the world of IPMI is changing.

The fragile and volatile state of global stock markets is of concern to insurers who may already be vulnerable while offering opportunities to potential buyers of insurers and health insurance books of business. The environment for mergers and acquisitions among health insurers remains favourable as they continue to seek out diversification and growth opportunities.

The iPMI 2021 report includes 3 volumes:

  • Volume 1 Overview - 395 pages
  • Volume 2 Companies - 129 Company Profiles
  • Volume 3 Countries - 176 Country Profiles

Table Of Contents

1. Introduction

  • Overview
  • Growth of need for IPM
  • Health insurance definitions
  • Expatriate definitions
  • Voluntary health insurance
  • Why IPMI and PMI are no longer separate
  • Social and technological disruption
  • Duty of care
  • Why insurers are moving into IPMI
  • The changing insurance ecosystem
  • Customer centricity
  • Blockchain
  • Emerging markets
  • Belt and Road initiative
  • Middle East and North Africa outlook
  • Asian health
  • IPMI must cover more than insurance
  • The future
  • Merging health insurance and healthcare
  • Swiss Re forecast
  • Changing how we work
  • Ageing workforce
  • Health insurance for older workers
  • Global mobility changes

2. International Health Insurance Numbers

  • Global premium figures
  • Onshoring and offshoring
  • Premium retention in countries
  • Premiums and local taxes
  • Local partnerships
  • Muddying the waters
  • It is not health insurance

3. Health insurance

  • Compulsory health insurance
  • Compulsory travel health insurance
  • Health insurance market potential
  • Global medical price trends
  • Health insurance pricing trends
  • Global health insurance costs and trends
  • Health insurance and universal healthcare global health benefits
  • Digital transformation
  • Dental and vision care

4. Healthcare

  • Health at a Glance Europe 2019
  • Global healthcare
  • Healthcare in 2040
  • Future health, care and wellbeing by 2040Re-Opening the World - Life After COVIDUniversal healthcare
  • Health at a glance in LatAm and CaribbeaHealthcare in UAE

5. International Health Insurance Market

  • Buying the market overseas
  • Distribution
  • Healthcare or health insurance
  • History
  • Market potential
  • Hospitals offering health insurance
  • Numbers of insurers
  • Insurance companies
  • Latin American healthcare potential
  • Lloyd’s of London
  • Lloyds’ brokers
  • Managing general agents
  • Third party administrators
  • Insurance brokers
  • Financial advisors
  • Insurance agents
  • Banks
  • Health insurance trade bodies
  • Health insurance comparison sites
  • Micro-insurance
  • Mobile devices
  • Self- insurance
  • Smartphones
  • Social media
  • Videos

6. International Health Insurance Products

  • Cover
  • International insurance versus domestic insurance
  • IPMI in 2021

7. Expatriate numbers

  • Expatriate figures
  • Global numbers of expatriates
  • Global population
  • Expatriates, migrants and refugees
  • Global mobility
  • Expatriate population as % of the worldwide population
  • Expatriate or international migrant
  • International students
  • Migrant workers
  • Cross border workers
  • Digital nomads
  • Diasporas
  • Migration and health

8. Customers

  • Target markets for insurers
  • What is an expatriate?
  • Expatriate characteristics
  • Expatriate salaries and benefits
  • Buyers
  • Dependants
  • Emerging markets middle class
  • Generation Y
  • High net worth
  • How people choose the international health insurance
  • Indian companies
  • Maritime
  • Mining
  • More than one product
  • Music industry
  • NGOs
  • Need
  • Oil and gas
  • Older workers
  • Overseas employees need support
  • Pilots
  • Questions potential customers ask
  • Retirees
  • Self-employed
  • Short assignments
  • Short-term cover
  • Singles
  • Students
  • Target ages
  • Teachers
  • Wealthy expatriates
  • Who can be covered?
  • Why companies buy it
  • Why individuals buy it
  • Why needs are changing
  • Why not just buy cover locally
  • Women

9. The product

  • Addiction treatment
  • Admitted policies
  • Apps
  • Big data
  • Budget covers
  • Cancer
  • Chatbots
  • Choice of cover or set packages
  • Claims
  • Compliance with local law
  • Co-payments
  • Critical illness
  • Currency
  • Danger zones
  • Diabetes treatment
  • Diaspora insurance
  • Duty of care
  • Emergency assistance
  • Emergency evacuation
  • European Air Medical Institute
  • Fertility treatment
  • Fraud
  • Funeral plans
  • Global cover
  • Helplines
  • Income protection
  • Insurers rethink of health insurance
  • International medical accreditation
  • Medical evacuation and repatriation
  • Medical tourism and insurance
  • Medical travel insurance
  • Mental health
  • Micro health insurance
  • Obesity treatment
  • Organ transplants
  • Passive war
  • Political risks
  • Pricing
  • Price regulation
  • Pricing on group schemes
  • Private repatriation
  • Risk management
  • Second medical opinion
  • Security and travel advice
  • Takaful
  • Takaful health
  • Telehealth
  • Term life
  • Top-up covers
  • Trauma
  • Travel insurance
  • Underwriting
  • Virtual doctors
  • War risks
  • Wearables

10. Conclusion

  • Conclusion
  • Database

VOLUME 2 - 129 COMPANY PROFILES

  • Base country
  • HQ
  • Ownership
  • Overview
  • Structure
  • Insurance
  • Healthcare
  • Customer numbers
  • Strategy
  • 2020 results
  • 2021 results
  • 2021 forecasts
  • Buying businesses
  • Selling businesses
  • Failed deals
  • Partnerships
  • Sponsorships
  • Micro health
  • Special products
  • Apps
  • Marketing
  • Technology
  • Start-ups, accelerators and labs

Companies Profiled

  • A Plus
  • Abacare
  • Achmea
  • Adelaide
  • ADNIC
  • Aetna
  • Ageas
  • AIA
  • AIG
  • Alan
  • Allegiant Global Partners
  • Alliance Group International
  • Allianz
  • Amariz
  • Amazon
  • Antae
  • Anthem
  • AON
  • Apple
  • APRIL
  • Arabia Insurance
  • Ardonagh
  • Arma Insurance
  • ASSSA
  • Aviva
  • Axa
  • Bahrain National Life
  • Bellwood Prestbury
  • Berkshire Hathaway
  • Blue Cross
  • Blue Cross Blue Shield
  • Bupa
  • CCW
  • Centene
  • Chubb
  • CIG Group
  • Cigna
  • Clements Worldwide
  • CMIG International
  • Collinson Group
  • Combined Insurance
  • CVS Health
  • Daman
  • DavidShield
  • DFV
  • Discovery
  • Doha Insurance
  • ERGO
  • Euroins
  • Exclusive Healthcare
  • Expacare
  • Expatriate Group
  • Fairfax
  • Fosun International
  • Freedom Health
  • FWD
  • Gallagher
  • General & Medical
  • Generali
  • GeoBlue
  • Global Benefits Group
  • Global Risk Partners
  • Global Underwriters
  • Globality Health
  • Great Eastern
  • Great West Lifeco
  • Gulf Insurance Group
  • HealthCare International
  • Henner Group
  • Howden
  • Humana
  • IMG
  • Integra Global
  • Irish Life Health
  • Jubilee Holdings
  • JW Seagon
  • Liberty Health
  • Liberty Mutual
  • Lloyd’s of London
  • Lockton
  • Malakoff Humanis
  • Manulife
  • MAPFRE
  • Marsh McLennan
  • Medgulf
  • Medibank
  • Medicover
  • Met Life
  • MGEN
  • Millennium Insurance Brokers
  • Momentum Metropolitan
  • Morgan Price
  • MSH International
  • Munich Re
  • Mutua Madrilena
  • National Life and General
  • New India
  • nib
  • NN Group
  • NowCompare
  • Now Health International
  • Nugent Sante
  • Old Mutual
  • Oman Insurance
  • Orient Insurance
  • Pacific Cross International
  • Pacific Prime
  • Pan-American Life
  • PIB Group
  • PICC
  • Ping An
  • Primary Group
  • PZU
  • QBE
  • QLM
  • RBI Premium
  • Regency Assurance
  • SAICO
  • Sanlam
  • Seguros 360
  • Seven Corners
  • Siaci Saint Honore
  • SiriusPoint
  • Sompo
  • Starr International
  • State Life
  • Status Global
  • Swiss Global
  • Swiss Life
  • SwissCare
  • Tokio Marine
  • Union Insurance
  • UNIQA
  • UnitedHealth
  • VHI
  • Verlingue
  • Vienna Insurance Group
  • Vitality
  • VUMI
  • VYY
  • WAFA Assurance
  • WellAway
  • William Russell
  • Willis Towers Watson
  • Zhong An
  • Zurich Insurance

VOLUME 3 - 176 COUNTRY PROFILES

  • 2021 population
  • 2030 population estimate
  • 2020 UN international migrants IN
  • 2020 UN international migrants OUT
  • 2020 UN refugees
  • Global diaspora
  • Expats in country
  • Healthcare
  • Healthcare for expatriates
  • Healthcare regulators
  • Healthcare regulation
  • Healthcare price regulation
  • State health insurance
  • State health insurance top-up
  • Compulsory health insurance for locals
  • Compulsory health insurance for expatriates
  • Compulsory health insurance for overseas students
  • Compulsory travel health insurance for visitors
  • Health insurance for locals overseas
  • Private health insurance
  • Micro health insurance
  • Insurance company and broker regulators
  • Foreign insurance companies
  • Health insurance regulation
  • Health insurance price regulation
  • Countries where expats come from
  • Leading local health insurers
  • Head office of leading health insurers and brokers
  • International health insurers/ brokers/agents activity

Country Profiles

  • Abu Dhabi
  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Antigua
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Bermuda
  • Bolivia
  • Bosnia
  • Botswana
  • Brazil
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cayman Islands
  • Chile
  • China
  • Colombia
  • Congo
  • Costa Rica
  • Croatia
  • Cuba
  • Curacao
  • Cyprus
  • Czechia
  • Denmark
  • Dominica
  • Dominican Republic
  • Dubai
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Eswatini
  • Ethiopia
  • Fiji
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Grenada
  • Guam
  • Guatemala
  • Guernsey
  • Guinea
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Malta
  • Mauritius
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nepal
  • Netherlands
  • New Zealand
  • Nicaragua
  • Nigeria
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russia
  • Rwanda
  • Saint Kitts And Nevis
  • Saint Lucia
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovakia
  • Slovenia
  • Somalia
  • South Africa
  • South Korea
  • Spain
  • Sri Lanka
  • St Vincent
  • Sudan
  • Suriname
  • Sweden
  • Switzerland
  • Syria
  • Taiwan
  • Tanzania
  • Thailand
  • Trinidad And Tobago
  • Tunisia
  • Turkey
  • Turks And Caicos
  • UAE
  • Uganda
  • Ukraine
  • United Kingdom
  • Uruguay
  • US Virgin Islands
  • USA
  • Uzbekistan
  • Venezuela
  • Viet Nam
  • Yemen
  • Zambia
  • Zimbabwe

How To Buy International Health Insurance (IPMI) 2021

We are selling the report on Research and Markets for £3600 for all 3 volumes. However, if you are an advertiser or iPMI Magazine subscriber, we are offering the report at a reduced price. To take advantage of this offer please complete the form here, or write to ipmi[at]ipmimagazine.com

About The Author

Ian Youngman is a writer and researcher specialising in insurance. He writes regularly for a variety of magazines, newsletters, and on-line services. He publishes a range of market reports and undertakes research for companies and has London market management experience with brokers and insurers. 

 

 

Read more...

Introducing MediHelp International

When it comes to international private medical and health insurance, you can count on MediHelp International. 

For over 15 years, MediHelp International has been the leading provider of private international health insurance in Central and Eastern Europe. With representatives in Romania, Hungary, Poland and Bulgaria, MediHelp successfully combines international health insurance with international healthcare, for the benefit of its clients.

Advantages of MediHelp Individual plans

  • International coverage, top medical services worldwide
  • The freedom to choose the specialist doctor and the clinic where you want to be treated
  • An insurance for both individuals and companies
  • Flexible payment system; payment can be made monthly, quarterly, half-yearly or annually
  • Dedicated customer relations department, which provides the desired information in the shortest time

Advantages of MediHelp Business plans

  • Routine medical care
  • Complex operations
  • Advanced imaging services
  • Hospitalization and day treatment
  • Dental treatment in case of accident
  • Cancer treatment
  • Organ transplant
  • Land and air ambulance
  • Evacuation and repatriation

Other rules and benefits

The plans for the Companies are deductible up to 400 Euro / year, both for the employer and for the employee. With many years of experience in the field of health insurance, MediHelp International can provide the right health plan based on the requirements and budget of your company. Discounts can be applied depending on the number of employees.r

Coverage of pre-existing medical conditions (MHD) may apply to the Company Plan. If 20 or more employees are included in the plan and this method of medical subscription is chosen, the pre-existing medical conditions are insured.

For more information, please contact us at: Phone +40 21 222 0593 or This email address is being protected from spambots. You need JavaScript enabled to view it. (LV, 09.00 am - 05.30 pm).

Website: https://www.medihelp.ro

 

Read more...

FBNInsurance Partners With Collinson To Launch International Health Insurance Plan

FBNInsurance, a Nigerian life insurer and a member of the SANLAM group, has partnered with Collinson to launch SmartHealth International, a market specific international health insurance product for critical medical conditions. 

Addressing the health insurance gap in the Nigerian market between domestic and international health insurance products, FBNInsurance and Collinson have collaborated on the design of SmartHealth International, which will deliver a suite of new affordable health insurance products aimed at Nigerian employers desirous of protecting and giving peace of mind to its employees and their families.

NAICOM approved, SmartHealth International, is designed to complement local healthcare cover by providing cover for treatment abroad should an employee or family member develop a critical medical condition that cannot be adequately treated in Nigeria.

FBNInsurance, a leader in Life insurance in the country, delivers products that help customers enjoy the peace of mind that comes from managing the risks of everyday life and the introduction of a health insurance proposition complements its portfolio strategy. With national presence in strategic geographical locations across the country, FBNInsurance will market SmartHealth International across Nigeria, whilst partnering with Collinson to leverage its in-house international insurance and assistance expertise to provide international access to an extensive network of Collinson certified medical providers.

Understanding the drivers for affordability, and at a time when provision for adequate healthcare and peace of mind has never been more top of mind, SmartHealth International is an affordable solution for the treatment of complex and critical care treatments. The proposition has been designed to cater for  specific critical complex medical events such as cancer and those requiring renal, orthopaedic and neurosurgery, as well as serious trauma injuries sustained in road traffic accidents. These collectively are the primary medical conditions for which Nigerians are currently leaving the country to seek medical care abroad.

Each case will be individually case managed and assessed, working closely with attending doctors in conjunction with Collinson’s expert international medical team. Depending on the level of cover purchased, eligible policyholders will be flown to South Africa, India or the UK, and even North African countries, where Arabic speaking is required.  

Speaking about the Launch, the Managing Director/CEO of FBNInsurance, Val Ojumah said “At FBNInsurance, one of our primary objectives is to help people, businesses and communities get back on their feet when the unexpected happens and it has never been more pertinent than now to offer our customers more choice and peace of mind when it comes to their healthcare. We are delighted to be launching this proposition in partnership with Collinson. Our teams have collaborated to develop a unique and affordable international healthcare solution that not only caters for critical medical conditions that cannot be adequately cared for in Nigeria, but also delivers innovation locally across health insurance product design”.

In addition, Lawrence Watts, Head of Insurance at Collinson, commented “Our health and the health of our loved ones has never been more top of mind and so Collinson is proud to be partnering with FBNInsurance to give their Nigerian clients access to optimum international healthcare whilst maintaining value for money. At a time when the demands of even the best of healthcare systems globally are under pressure, it’s vital to provide healthcare alternatives to consumers, particularly in markets where we have identified a gap between domestic and international cover.”

 

Read more...

iPMI Magazine Marketing And Advertising Media Kit 2021

Learn All About iPMI Magazine Professional Digital Advertising, Media & Marketing Services In The Brand New iPMI Magazine 2021 Marketing And Advertising Media Kit.

  • STATS: Get all the traffic stats and latest reader info on;
  • iPMIM FORMATS: Explore the varied media formats available;
  • COUNTRIES: Discover the Geographics of the iPMIM audience;
  • SPONSORS: Learn why and how the industry is working with;
  • iPMIM RATE CARD: Find a suitable rate and marketing program.

iPMI Magazine is where the international medical, health care and expatriate market go to protect insureds, find new providers, expand worldwide broker networks, build new relationships and stay 1 step ahead of the risk.

“The International Private Medical Insurance Magazine have great market knowledge and experience in the iPMI sector and they produce excellent market updates. We are delighted to be associated with Christopher Knight and his team.”

CHRISTOPHER PERCIVAL, BOARD DIRECTOR, HEALTHCARE INTERNATIONAL

Over 40,000 international private medical insurance executives, in over 120 countries, rely on iPMI magazine each month to stay 1 step ahead of the risk.

Due to the nomadic nature of the international private medical insurance (IPMI) market iPMI Magazine is an internet based news service for worldwide insurance and assistance professionals who need to understand the impacts of health care and insurance policy, regulatory, and legislative developments.

iPMI Magazine is the only truly global IPMI media serving the international medical insurance and assistance industry. Trusted by leading iPMI payors and providers we deliver all of the industry news under 1 roof.

  • Always-on digital media;
  • Highly referenced by the industry;
  • 40K+ unique readers each month;
  • 11 years in operation;
  • Increase online influence;
  • Drive targeted web traffic;
  • Written by the industry;
  • Educational and informative;
  • Regular news = regular readers;
  • Executive and exclusive;
  • All the news under 1 roof;
  • Easy to access.

Readers find iPMI Magazine via the following means:

  • iPMI Magazine subscriber database - see page 9;
  • Email newsletters;
  • Social Media;
  • Web searches from sites like Google;
  • By habit;
  • Recommendation.

“If you want to succeed in the Global IPMI business, I highly recommend that you get to know Christopher Knight.”
MICHAEL NOLE, HEAD OF BUSINESS DEVELOPMENT, CIGNA Global IPMI.

“iPMI Magazine is an excellent source of in-depth information on our market and useful to a wide range of brokers, customers, insurers and service providers.”

RICHARD DI BENEDETTO PRESIDENT - AETNA INTERNATIONAL

Book A Free Digital Media Consultation With An IPMI Marketing Expert

Write to ipmi[at]ipmimagazine.com to book a free digital marketing consultation today.

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How Can Expats Manage A Lonely Christmas?

With Kevin Melton, Sales and Marketing Director, AXA - Global Healthcare.

It’s been said already, but 2020 has really been a year we won’t forget in a hurry. Almost the entire world has felt the impact of Covid-19, and the precautions we’ve all taken to prevent the spread of the virus have changed our lives in unimaginable ways.

As we approach Christmas time, many of us who celebrate will be experiencing a very different festive season than we usually enjoy. Whilst this can still be a time of joy and happiness, it can also magnify any underlying feelings of loneliness for those that are separated from loved ones. International travel may not be an option for some expats, making it impossible to see their extended families and friends.

Here are just a few ways to combat these feelings:

Stay connected

For those of us living abroad, staying connected to family and friends in different countries is likely to be second nature. During this time, however, you might need to step this up and think even more creatively about how to share experiences with your loved ones. If you know they’re attending a festive quiz or tuning in to a remote carol concert – why not dial in too or get them to video call you? Not only will you feel closer to the action and more connected, but it’s a great way to fill any time you may be facing alone.

Connectivity has been so important throughout 2020, so try to maintain these vital lines of communication. Those on the receiving end of the phone will undoubtedly enjoy your presence during the festivities, so try to resist feeling as though you might be a burden.

Pack your schedule

If you do find yourself alone on Christmas Day, try to keep as busy as possible. Set a schedule for the day and fill it with fun and engaging activities that you will enjoy. Cook your favourite foods, watch your favourite shows or films and try to spend some time outdoors. Keep busy so you don’t allow yourself to become overwhelmed by the situation. To some, eating alone can be upsetting, so if your respective time zones line-up, consider even organising virtual drinks or meals with your families and friends.

Focus on the positives

Whilst this might be a case of easier said than done, there may be some enjoyment to be had if you’re elsewhere this festive season. Perhaps by doing something you normally wouldn’t – getting up to watch the sunrise, walk by an historic location, cooking an alternative Christmas meal. The fact that it’s different to what you’re used to could even be what makes this a Christmas that you always remember. Try to accept the situation and appreciate where you are. The benefits this has may go a long way towards soothing yourself and will help make your Christmas feel as special as it should. 

Try not to overindulge

Something that many of us look forward to at Christmas is the wide array of food and drink. Whether it be Christmas pudding or roast turkey, there’s plenty to enjoy. However, the festive season can often be a time of overindulgence. If you’re feeling lonely and down, it can be especially easy to slip into bad habits and find yourself grazing or drinking more than usual throughout the holiday. Try to be aware of this and set yourself limits; you’ll feel much better – both mentally and physically – if you maintain a healthy balance.

Similarly, we all know that keeping busy is vital for staying fit and healthy, but it also has a huge impact on our mental wellbeing. If you do find yourself feeling particularly low, or at a loose end, take yourself out for a walk or a jog. You’ll feel better for the fresh air and the exercise, and you might burn off some of those Christmas calories.

Find others like you

As an expat, you’ll know the importance of meeting people in a similar position to you. Thanks to the current climate, there are likely to be many others close by, who are experiencing very similar emotions. Reach out to these people and develop your own support network. This will help keep yourself occupied and cover any gaps where you might be facing time zone issues.

This isn’t forever

It’s important to always keep in mind that this situation is ever-changing. Whilst ‘normality’ may still seem a long way off, it is starting to feel as though it is within reach. Remind yourself that this is only temporary, and that next Christmas will hopefully be very different to what we have experienced this year.

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Aetna International Announces Product Upgrades And Updates To COVID-19 Coverage

Aetna International, a leading provider of global health benefits, has announced updates to its cover for communicable diseases, including COVID-19, all aimed at supporting the physical health of its members in an ever-evolving international landscape.

The changes to its Summit plans will offer better flexibility for business clients, allowing them to tailor coverage based on local market and member needs. The updates will allow members to access a COVID-19 test if they have no symptoms. This type of testing could help businesses to mitigate the risk of transmission.

After a qualifying period, individual members with Pioneer 2500 to 5000+ plans will benefit from outpatient tests and diagnostic procedures for communicable diseases (including COVID-19) when they do not have symptoms.

Additionally, to further support members’ physical health during this challenging time, Aetna International is also adding vaccinations as a stand-alone benefit to its range of COVID-19 cover for both Summit and Pioneer plans. 

Damian Lenihan, Executive Director Europe at Aetna International said: “Our aim is to support businesses and individuals by ensuring they have access to cover that is tailored to today’s unique challenges. Countries around the world are facing a range of infection rates and restrictions and are tackling these with vastly different healthcare systems and strategies.”

“This means our cover needs to be flexible and adaptable as we all continue to navigate the new routines created by the pandemic. We want to ensure businesses and their employees have access to appropriate COVID-19 testing, whenever they need it and wherever they are.”

Recognising the ongoing impact of the pandemic, the temporary extension of COVID-19 testing coverage will continue. Up to and including 31 March 2021, Aetna International members will be covered for one test per calendar month if they are asymptomatic and classified as high-risk* – as referred by a medical practitioner and when testing takes place in an appropriate medical facility.

While reimbursements for COVID-19 testing won’t be offered as standard for all policies, plan sponsors will have the flexibility to add this cover to Summit plans, without increasing premiums for those who do not want or need this benefit (for example, in areas where free local testing is already available.

*Refer to aetnainternational.com for full details

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APRIL International Care Announces Enhancements To MyHEALTH Hong Kong Private International Health Insurance Policy Range

APRIL International Care has announced significant improvements to its MyHEALTH Hong Kong private international health insurance policy range, in particular to its “Elite” module. The changes took effect from the start of December.

The annual limit for the Elite module for in-hospital care has been increased from US $3.0 million to $4.5 million and a near doubling of check-up and vaccination cover has been added, giving a total benefit now of US $2,000, all with no change to policy premiums. In addition, new adult and child health benefits have been added and are now fully covered for Elite policyholders.

Another innovative introduction is adult and child preventative health screenings, which are particularly relevant in the current climate, tapping into the view that early diagnosis is increasingly important for many healthcare issues. April is now one of a very small number of insurers to add mammography, pap smear tests and prostate screening as part of its standard hospital and surgery benefit. These important enhancements come on top of April’s existing medical check-up and vaccinations package.

Lastly, in a move designed to address the rising importance of mental health care, for Extensive and Elite policyholders, April has now enhanced and increased cover for mental health support.

Commenting on the introducing of the new enhancements, Regional Head of Business Development Alistair Dickman said, “April International Care has a reputation for anticipating changing market needs and constantly improving the range of benefits available to policyholders. This year’s changes continue that trend. Our Elite policy now offers a blend of premium benefits and competitive pricing, which we believe makes APRIL International Care a very attractive choice.  For many conditions now, early diagnosis brings genuine benefits and faster recovery times. Our enhanced benefits open up that possibility, bringing peace of mind to clients.”

APRIL International Care are specialists in designing and delivering flexible international private health insurance solutions for individuals, families and companies.

For more information, contact APRIL International Care, or visit www.april-international.com.

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MSH INTERNATIONAL Launches FIRST EXPAT+

MSH INTERNATIONAL has announced the launch of a complete international health insurance solution online for individual expatriates: FIRST EXPAT+

This comprehensive and affordable product offers worldwide coverage for all expatriates - including US citizens - under the age of 71.

“After months of internal consultation, brainstorming and competitive analysis, FIRST EXPAT+ has arrived and it is one of the best in its class,” says Philippe de Dreuzy, President and CEO at MSH INTERNATIONAL (Canada).

“The new MSH portal offers flexible and affordable coverage through a simple and user-friendly process,” comments Fabrice Tuffigo, Marketing & iPMI Sales Director. “Brokers can display FIRST EXPAT+ on their website: clients will be automatically redirected to a customized quotation page with the broker’s reference attached. This way we can track quotes and enrollments generated by each partnered broker.”

The core plan includes Hospital Care covered at 100%, Routine Healthcare (doctors’ visits, prescription drugs, etc.), Legal Assistance and Third-Party Liability. Optional benefits can then be elected in order to enhance the core plan, and a choice of deductibles are available to reduce the insurance premium.

Here are some of FIRST EXPAT+ key features:

  • Comprehensive Coverage – Medical, Dental/Vision, Maternity, Medical Evacuation, Life, Disability and Personal Third-Party Liability;
  • Flexibility – 4 different levels of benefits: Quartz, Pearl, Sapphire, Diamond and 5 geographical coverage zones;
  • Affordability – 5 year age bands up to 65, in and out-of-network reimbursements, 4 different deductibles;
  • Portability – Coverage of emergency care available outside of the subscribed geographical zone up to 60 consecutive days;
  • Modern Technology – Simple language, user-friendly website allowing instant quotation and immediate enrollment online.

 

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Now Health International Reveals Top Twenty International Private Medical Insurance (iPMI) Claim Diagnoses

Leading international private medical insurance provider, Now Health International (www.now-health.com) has analysed almost 120,000 claims made by its customers and can now reveal the top twenty diagnoses in terms of frequency since the company started trading in 2011.  

Topping the list is Acute Bronchitis followed by sprains and strains and then lower back pain.  The full list is as follows:

  1. Acute Bronchitis
  2. Sprains and strains
  3. Lower back pain
  4. Acute Nasopharyngitis (common cold)
  5. Diarrhea and Gastroenteritis
  6. Fever
  7. Cough
  8. Urinary infection
  9. Conjunctivitis
  10. Gastritis
  11. Chest pain
  12. Rashes
  13. Headache
  14. Cervicalgia (neck pain)
  15. Vitamin D deficiency
  16. Influenza
  17. Asthma
  18. Eczema
  19. Abdominal and pelvic pain
  20. Dizziness and giddiness 

The top ten claims accounted for 77% of all claims made and the top twenty, 17%. Claims for list-topping Acute Bronchitis/Bronchiolitis amounted to 16% of all claims spread across the four years.

Although it didn’t make the top 20, Now Health has also somewhat interestingly received 29 claims for dog/other mammal bites over the last four years.  

Now Health’s Marketing and Ecommerce Director, Alison Massey, said, “As an Asian-headquartered business, much of our customer base reside in this part of the world. The region often experiences poor air quality due to pollution and other factors such as haze that comes from crop burning so it seems logical that a respiratory illness should top our list.” 

Massey continued, “We were also initially surprised at the number of claims associated with Vitamin D deficiency. However, we have discovered that it is the most common nutritional deficiency worldwide for both adults and children. And with many of our members based in the Middle East who spend much of their time in indoors and out of the blazing hot sun, it’s more understandable.”

Now Health International is one of the fastest growing providers of IPMI solutions for Global Expatriates, High-Net-Worth individuals and Small to Medium Sized Enterprises.  Just four years old and with more than 130 years of collective IPMI management experience, Now Health already has offices in the UK, Dubai, Hong Kong, Singapore, Shanghai, Beijing and Jakarta, with Abu Dhabi coming soon.

 

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APRIL: 2014 Annual Results In Line, A Year Of Resilience And Investment

APRIL posted 2014 consolidated sales of €766.3m, down 1.6% from 2013 based on reported data and down slightly (0.8%) like for like. Health & Personal Protection was down 0.9% based on reported data and down 1.0% like for like. The Property & Casualty division, mainly hit by foreign currency fluctuations, was down 3.6% based on reported data and down 1.4% like for like.

As a result of the significant investment required to prepare for the future and non-recurring expenses arising from the consolidation and streamlining of our businesses, current EBIT fell 12.1% to €76.1m compared to 2013, as announced in our January press releases.

APRIL maintained a strong current EBIT margin of 9.9%, with Health & Personal Protection holding up particularly well and a slight decline in Property & Casualty, mainly due to non-recurring items.

Group non-current expenses for the year came to €6.8m and included in particular the cost of rescinding a business as general agent in La Reunion (€4.8m) and the net costs of closing our operations in Argentina, Chile, Hungary and Belarus. As a result of these events, the Group posted an EBIT of €69.3m, down 18.4% from 2013.

After a €30.5m corporate income tax charge, consolidated net income (Group share) amounted to€36.6m.

Health & Personal Protection

The Health & Personal Protection division reported a 0.9% decline in sales resulting from a 2.6% fall in brokerage commissions, partially offset by a 2.0% rise in premiums.

The decrease in brokerage commissions is due to the Company's decision to stop capturing loss-making individual employee health insurance policies under the National Interbranch Agreement (ANI). This decline was mitigated by the strong performance of the health insurance business in the senior and self-employed market segments and the growth in mortgage and group insurance, supported by solid fundamentals and Group investment. The increase in insurance premiums was driven by the expansion of the individual, group and expatriate health and personal protection portfolios.

Despite the initial impact of ANI, estimated at €3.7m, and the cost of around €3.8m for setting up the new IT systems, the division posted a stable current EBIT margin of 17.7%, due in part to improvements in the risk-carrying business and the Group's operations in Switzerland and the UK.

Property & Casualty

In Property & Casualty, the 2.1% increase in premiums was driven by new partnerships as well as the revival of affinity member operations within the framework of a significantly reinsured model in line with Group policy.

The 3.5% like-for-like fall in commissions was due to the decline in revenues from the distribution network and the travel insurance and assistance business, affected by challenging economic conditions particularly in South America and Europe. This decline was partly offset by wholesale brokerage operations which delivered strong sales but were affected by increasing IT costs.

Moreover, non-recurring expenses, including the costs of restructuring and consolidating the business models of some of the foreign subsidiaries and cost related to the streamlining of our French operations, have pushed current EBIT into a loss.

Non-current expenses, almost exclusively borne by the Property & Casualty division, led it to record an EBIT loss of €9.9m. These expenses include the impact of the withdrawal of some countries as part of the streamlining of our mobility and assistance solutions (for example, Argentina and Chile are now being managed by our US operations).

Financial position

APRIL's balance sheet at 31 December 2014 reflects the Group's strong business model and prudent financial management: consolidated shareholders' equity (Group share) stood at €578.9m, up €28.6m, while financial debt remained immaterial at €3.7m and net cash,adjusted for deposit accounts held in relation to the Company's cash management policy, increased by €8.1m to €198.6m. 

Dividend

In accordance with our declared policy of guaranteeing a 25% dividend payout ratio supplemented by the remaining cash surplus after coverage of capital expenditure and the previous year’s dividend, a dividend of €0.42 per share for 2014, corresponding to a total dividend payout of €17.2m, will be proposed at the Annual General Meeting.

This is equivalent to a dividend yield of 3.7% over the average share price since 1 January, exceeding analysts’ expectations.

Outlook

The Group starts 2015 with a strong financial position.

APRIL will pursue its strategy of being a multi-specialist operating in France and abroad by focusing on four main goals:

-       To transform new regulatory requirements into opportunities, the full potential of which will not materialise before 2016,

-       To develop and accelerate its multi-channel distribution strategy

-       To improve profitability and boost growth of international operations

-       To increase its operational efficiency

In order to achieve these goals, APRIL will capitalise on its core strengths: its capacity for segmentation, reputed quality of service and customer-centric approach, driven by a strengthened management team.

Within an overall environment that will remain demanding, 2015 will be a year of continued investment for the Group, enabling it to consolidate its business model and market positioning and ultimately return to growth.

At this early stage in the year, Group management expects current EBIT to stay relatively flat in 2015.

Read more...
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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.