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Welcome To The IPMI Market Research Report Centre

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.

Aetna International Provides Discount On Group Health Cover For New And Existing SME Customers, As Part Of COVID-19 Support Measures

Aetna International has announced that SME employer plan sponsors in Europe, Middle East and Africa renewing their Summit group health insurance policies from 1 May 2020, to on or before 1 July 2020, will receive one month of free health cover, as part of Aetna's ongoing efforts to alleviate financial and other pressures its customers are facing as a result of the COVID-19 pandemic.

The offer also applies to new Summit SME group customers in the next three months, meaning any business taking out a new policy on or before 1 July 2020 will benefit from one month of free cover.

Additionally, all SME employers renewing or taking out a new Summit group policy can discuss options for more flexible billing cycles.

The discount on health cover builds upon previously announced financial support for Aetna International members, including full reimbursement for COVID-19 diagnostic testing (as referred by a medical physician) and the waiver of deductibles for inpatient hospital admissions related to COVID-19.

"In these unprecedented times, we are keen to support our clients and members in any way we can, including financially," said David Healy, CEO - EMEA, Aetna International. "We understand the added pressure and anxiety people and businesses are facing around the world and want to make health care as accessible and affordable as possible during this difficult time. We also want to ensure we are taking steps to assist the business community, which is why we have extended this support to new as well as existing SME customers."

RELATED: iPMI Magazine Speaks With David Healy, CEO EMEA, Aetna International

Other measures designed to support members' physical and mental health during the COVID-19 outbreak have been implemented by the global health benefits provider in recent weeks. These include free access to Aetna International's virtual health service, vHealth, for a limited time for all members, as well as free access to myStrength – a highly interactive, personalised app that helps address depression, anxiety, stress, and more.

Members also benefit from 24-hour access to clinical counsellors via Aetna International's Employee Assistance Programme and can access WorldAware (red24) to stay informed of any significant travel, safety, or security-related incidents.

Members should continue to follow the guidance issued by their local health authority and contact their local health care provider or a vHealth doctor if they have any concerns. 

 

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Integra Global Launches New IPMI Inpatient Plan Range – InCare

Integra Global, a leading provider of international health insurance, today launches two new health plans to the IPMI market. 

The new plans are available for individuals and groups.
 
The InCare plan range has been designed specifically for the needs of both individuals and companies wanting a health plan with rich inpatient benefits, useful services for global mobility, and market-leading value. 
 
InCare plans include comprehensive hospitalisation and rehabilitation benefits, along with 24/7 emergency medical assistance, life cover and mental health benefits. The InCare Premier plan offers a higher overall policy limit, private room cover and increased limits for Accidental Death and Dismemberment. 
 
In addition, InCare plans include a number of helpful expat services, including a Life Aware Programme for daily life challenges, 24/7 emergency medical assistance and evacuation, and access to a mobile app and claims portal. InCare policies, like all Integra Global health plans, do not exclude natural disasters or pandemics, such as coronavirus (COVID-19).
 
InCare policies are underwritten by MGEN; part of the largest mutual health group in France VYV Group, which has a turnover of €9 billion, 35,500 employees and an AM BEST Financial Strength Rating of A (excellent). Medical Administrators International (MAI) is the global claims administrator for InCare health plans and will manage all pre-authorisations, direct billing and claims management services.
 
Integra Global has been successfully partnered with MGEN and MAI since the launch of their comprehensive Worldwide health plans in 2018. MAI and Integra Global have together consistently achieved claims processing times within 5-7 working days over the last two years, offering first-class customer service to members.  
 
Integra Global's emergency medical and security assistance provider, Northcott Global Solutions (NGS), will serve InCare plan members across the globe, managing all medical emergencies, evacuations and issues of civil unrest or natural disaster. 
 
Philip Catterton, Managing Director at Integra Global Group, commented, "Inpatient treatment is by far the most expensive aspect of healthcare, but also the most important. It's essential that anyone living abroad, or any company employing overseas staff, has a health plan that safeguards them in the event of an emergency or serious illness. 
 
"Our InCare plan range is perfect for individuals who want protection against high-cost inpatient care or expensive treatment, but don't want to pay for a comprehensive health plan.
 
"We've also seen a growing demand among price-conscious companies for a plan that will protect their staff to a high standard, without paying for benefits that are outside their requirements or budget. 
 
"Our InCare plans are here for anyone wanting high-quality inpatient cover, fantastic services, and exceptional customer support."
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Collinson Launches New International Healthcare Solution To Further Extend Its International Insurance Reach

Collinson has launched an all-new international healthcare plan, Collinson SmartHealth™ International, in Nairobi, Kenya. The solution is delivered in partnership with Kenbright, one of Kenya’s leading medical insurance providers.

Lawrence Watts, Head of Insurance at Collinson, said, “We are delighted to partner with Kenbright to launch this new health solution to the market.  With healthcare infrastructure under pressure, especially within critical care, providing healthcare alternatives to consumers is vital. The research we carried out highlighted a strong consumer demand for international solutions; 41% surveyed stating that they would travel abroad for medical treatment if required.

“This launch, in partnership with Kenbright, means that companies in Kenya can give employees and their families access to the best possible overseas treatment through our in-house medical expertise and worldwide network of partners.”

Collinson envisages offering the plan in other countries in the region by partnering with local insurers, as well as building in its wider travel, assistance and insurance products and loyalty solutions to create a truly differentiated and holistic health plan within the comfort of a concierge travel experience.

Ezekiel Macharia, CEO at Kenbright, added, "We are thrilled to be launching this proposition in partnership with Collinson. Our team has worked hard to create an international healthcare solution that not only offers Collinson’s international insurance and assistance capabilities but will also harness local technology in Kenya, allowing our customers access to a robust network solution."

SmartHealth International will deliver a suite of new affordable health insurance products aimed at Kenyan companies, which want to protect and give peace of mind to employees and their families. Administered by Kenbright Healthcare Administrators Limited, Collinson will be harnessing its in-house insurance and assistance expertise to provide regional and international access to an extensive network of medical providers.

Designed by healthcare experts, SmartHealth International enables employees and their families to flexibly access international medical advice, treatment and support across the globe, whenever it is needed, through Collinson’s global network of health providers and in-house 24/7/365 medical assistance capability. Each case will be individually managed and assessed by Collinson’s expert medical team. The plans can include wellness, optical, dental and medical second opinion and traveller support services and can be tailored to individual company requirements and budgets.

Collinson believes that there is a significant opportunity to enhance the way international healthcare propositions are delivered. By utilising the expertise across Collinson’s loyalty and benefits capability, companies in Kenya can now offer their employees access to the best medical treatment available at home and globally. This also includes additional benefits such as digital doctor services, international medical second opinion and traveller support services accessing the Collinson global lounge network and security and medical advice when travelling.

In fact, recent third-party research commissioned by Collinson revealed that the vast majority (88%) of consumers in Kenya found the proposition to be attractive, with preventative and wellbeing and digital doctor services being rated attractive by 82% of the respondents.

 

For further information, please visit https://www.collinsongroup.com/en-meai/protect/international-healthcare

 

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International Health Insurance Premiums Are on the Rise in 97 Countries

A global study of 100 countries conducted by insurance brokerage Pacific Prime found that 97 countries witnessed increases in average international health insurance premiums for both individuals and families.

Of the 100 countries, the average international health insurance premiums for individuals ranged from USD $8,887 in the US to USD $2,728 in Thailand. Meanwhile, the average international health insurance premiums for families ranged from USD $26,883 in the US to USD $10,842 in Thailand.

The following are the key findings of Pacific Prime’s Cost of International Health Insurance For Individuals and Families - 2019 report:

Top of the list: The US remains the country with the most expensive health insurance premiums. This is largely a result of the country’s notoriously high cost of healthcare.

Region with the most expensive premiums: The Americas remain the most dominant region in the top 20 most expensive countries list. The region was able to pack up to 15 countries into the list, which includes 29 countries due to many having the same average premium.

Region with the highest premium inflation rate: African countries saw some of the highest inflation rates in the world. As many as 21 countries in Africa witnessed inflation rates that are 15% or higher, resulting from various macro trends such as the rise of the middle-class and technological advancements.

China’s overall premiums are getting cheaper: China’s premiums are going through a correction phase after years of increase. In 2019, a number of prominent insurers in China did not increase their premiums, with some even lowering them, making it one of the few countries experiencing a year-on-year decrease in average health insurance premiums.

Big jumps in premium rankings: Canada saw average health insurance premiums inflate by 7% for individuals and 5% for families, surpassing Hong Kong as the country with the second most costly country for international health plans. Singapore has also jumped from 9th to 4th position with an inflation rate of 9% for both individuals and families.

Download a complimentary copy of Pacific Prime’s Cost of International Health Insurance for Individuals and Families - 2019 for further details of the survey findings, as well as in-depth regional premium analyses: https://www.pacificprime.com/cost-of-health-insurance-2019

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iPMI Magazine Speaks With Janette Hiscock, CEO Of Global Solutions Europe, United Healthcare Global

In this exclusive iPMI Magazine interview, Christopher Knight, CEO, iPMI Magazine, sits down with Janette Hiscock, CEO of Global Solutions Europe for United Healthcare Global. They discuss in detail the newly formed European division of UnitedHealthcare Global (UHCG) including what makes UnitedHealthcare Global’s offering different, the new benefits and services added to insurance plans, member access to the best possible healthcare and what we can expect from UHCG in the future.

Please introduce yourself and your role at UnitedHealthcare Global:

My name is Janette Hiscock and I am the CEO of UnitedHealthcare Global Solutions Europe, leading the newly created European Division of UnitedHealthcare Global (UHCG) which launched its European insurance business last year. We provide in-house solutions for international medical insurance, wellness, security, assistance and remote medical services. Our range of solutions makes our offering unique in the European market.

Prior to this role, I oversaw the company’s remote medical services division based in the U.K. I continue to run this business, but I am now responsible for leading the insurance entity in Europe, which creates alignment under one European market.

I have more than twenty years industry experience managing health insurance, medical, assistance and security services businesses, and have held a variety of senior roles in sales, client management and proposition development.

Can you explain the changes that have been announced to UnitedHealthcare Global’s European operations?

We are very excited about UnitedHealthcare Global’s evolution in this market. UnitedHealthcare Global has combined its medical services and insurance businesses, enabling our European-based teams to bring a solution to clients with unparalleled in-house capabilities. This will provide a continuum of care for our members across insurance, assistance, security, wellness, clinical and medical services.

The launch of our iPMI business last year ensured we were able to align with our US-based business, leverage our Latin American businesses and develop products and services to meet the needs of globally mobile workforces.

Why have these changes been made?  

Since the launch of the European iPMI business, we’ve been investing in our products to ensure we meet the evolving needs of companies with globally mobile populations. Our solutions address our members’ needs at every stage of their deployment and there are a number of complementary services that sit in our medical services business that we can offer to iPMI clients.

It made perfect sense to integrate these two highly complementary divisions of our business under one single leadership in Europe, making it simpler for brokers and clients to access these services.

What makes UnitedHealthcare Global’s offering different?

At UnitedHealthcare Global, we see the many different interactions across the entire health care system – in a way no other organisation can. We are uniquely positioned to address global health care challenges for members and create real value for clients.

We understand that comprehensive and cost-effective health and well-being plans, aimed at companies with globally mobile workforces, are not just about managing illness. That’s why our offerings include proactive and preventative benefits to help employees actively manage their own health care while abroad.

Our aim is to support members to look after their health through innovative products and services. Simplifying the digital experience is hugely important to us, as we know it is something our members want. Through our apps and portals, our members can make a claim within 90 seconds or access a wellness coach. Our highly personalised service for both brokers and clients helps us to deliver the best solutions for globally mobile populations, and puts health care in the hands of the member.

As part of the world’s largest health care company, UnitedHealthcare Global employs 74,000 people, half of which are clinicians and health care professionals. This means our global reach as a health care company is unparalleled, providing better outcomes for all who we serve  

Since your launch in September 2018, have you added any new benefits/services to your plans based on the changes made to the business?

UnitedHealthcare Global is continually using our in-house capabilities to research, innovate, and provide new services and technologies to make the health care system easier to navigate for our members. A strong tenant of our business is based on preventative care. Since our launch, we’ve added a number of new services and benefits including Virtual Visits and our Global Health Management programme.

Virtual Visits is a secure telemedicine service that makes it simple for employees and their dependants to speak with a health care professional through their mobile or desktop devices while on assignment. From treating colds and fevers, to caring for migraines and allergies or getting a referral letter, it makes connecting with a doctor easy and free while on the move.

The Global Health Management programme is a proactive health management service available to all of our insurance members, to help them access the resources they need to manage their health, including chronic conditions. It focuses on an employee or their dependants’ specific needs, wherever they are in the world. Our clinicians provide targeted support to help expatriates and their families overcome the challenges of accessing care and resources for complex, high risk conditions. They create an action plan for addressing urgent needs and also work with the member’s schedule and location to ensure members can have a healthier, more successful assignment.

Using the breadth of capability from our medical services business and our in-house team of doctors, we have developed a new solution called Virtual Health Assessments (VHA) to help mitigate risks for employers sending people abroad. VHA is a specialised medical screening service which employers can use to screen their employees and their family’s at any point prior to, during and after their assignment. This is a standalone service from the iPMI plan and can be purchased with or without the iPMI offering.

Many of the illnesses and conditions faced by employees and their dependants when abroad are predictable and preventable. Our services help to ensure that any medical conditions which may impact a trip are identified well in advance of departure and actively managed with our clinical teams.

All of our programmes have been designed to help ensure, globally mobile populations thrive, by giving access to employers, employees and their dependants to the most cost effective, innovative, real-time and comprehensive health care.

How can you guarantee that your members will be able to access the best possible care?

UnitedHealthcare Global is part of UnitedHealth Group, the largest and most diversified health care company in the world. Because of this, clients and members benefit from our global networks, clinical insight, data analytics and innovation.

We work with local health care providers and clinicians who have the knowledge and expertise needed to ensure employees receive the best possible health care at every stage of their assignment overseas, no matter how complex their needs might be. We do this by providing access to high-quality, compliant and cost effective benefit programmes, helping employers mitigate risk and making their employees’ health and safety our priority.

Ultimately, our mission is to help people live healthier lives and help make the health care system work better for everyone.

What’s coming up next for UnitedHealthcare Global?

Following the successful launch of our iPMI services in Europe, we’re looking forward to making further exciting announcements, and discussing in greater detail our new proposition for the oil and gas market.  

Related: iPMI Magazine Speaks With David Powell, CEO Global Solutions, UnitedHealthcare Global And Claude Daboul, Managing Director, UnitedHealthcare Global Europe

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International Medical Group Unifies Family Of Companies Under 1 Brand

International Medical Group® (IMG®) has announced that their global family of brands, including ALC Health, iTravelInsured, AkesoCare, and Global Response, will all be unified under the IMG brand.

“Integrating all of our travel and medical insurance business lines with all of our assistance business lines means IMG is uniquely positioned to deliver quality and simplicity to members, clients, and producers around the world,” said Steve Paraboschi, Executive Vice President.

This move allows IMG to leverage its global platforms, simplify processes, and scale systems into a singular, member-focused experience. Working with IMG and accessing its complete set of products and services will now be easier than ever for customers and partners.

"Selling insurance and services under one brand more precisely represents the mission and capabilities of IMG,” said Paraboschi. “As a singular cross-border resource, unifying our brand makes it easier for us to provide members and clients with the products and services they need.”

The IMG brand strategy, which will be implemented throughout 2019 and 2020, will see the iTravelInsured and ALC Health product sets rolled into IMG branded product lines. IMG insurance products will now include a full suite of international private medical insurance, travel medical insurance, and travel insurance plans to protect members across borders.

The strategy will also include unifying Global Response and AkesoCare under the IMG brand. IMG has long offered a variety of travel assistance services including 24/7 emergency medical assistance, claims management, medical management, and clinical services, and this consolidation further elevates IMG’s service offerings in the marketplace.

"Ultimately,” Paraboschi said, “this decision represents the culmination of many years of strategic integration and growth of both our insurance products and assistance services, and we’re very excited for the future as one company, and one brand.”

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iPMI Magazine Provider Network Directory October 2018

Uniting #IPMI industry leaders under 1 roof the October edition of iPMI Magazine provider network directory delivers all the pertinent company intelligence your business needs to navigate the complex world of IPMIClassifications covered include IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

The IPMI industry use the iPMI Magazine Provider Network Directory to source the best information and data on worldwide medical payors and providers. They may be searching for a new partner, looking for a contact number of a current provider, or researching the payor and provider market for future cross border network development.

    Enter full screen click the small rectangle above ↑

 

PAYORS AND PROVIDERS IN FOCUS:

IPMI

ASSISTANCE

AIR AMBULANCE

COST CONTAINMENT AND CLAIMS MANAGEMENT

FUNERAL DIRECTORS

GROUND AMBULANCE

HEALTHCARE INSURANCE MANAGEMENT

PHARMACY BENEFITS MANAGEMENT

About iPMI Magazine Provider Network Directory

Publication Frequency: Monthly.

Format: Digital, Online. Free to read, no registration required.

Pages: 80+ (currently).

Language: English.

Readership: 40,000 + unique readers PCM.

Classifications: IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

 

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iPMI Magazine Provider Network Directory September 2018

Uniting #IPMI industry leaders under 1 roof the September edition of iPMI Magazine provider network directory delivers all the pertinent company intelligence your business needs to navigate the complex world of IPMIClassifications covered include IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

The IPMI industry use the iPMI Magazine Provider Network Directory to source the best information and data on worldwide medical payors and providers. They may be searching for a new partner, looking for a contact number of a current provider, or researching the payor and provider market for future cross border network development.

    Enter full screen click the small rectangle above ↑

 

PAYORS AND PROVIDERS IN FOCUS:

IPMI

ASSISTANCE

AIR AMBULANCE

COST CONTAINMENT AND CLAIMS MANAGEMENT

FUNERAL DIRECTORS

GROUND AMBULANCE

HEALTHCARE INSURANCE MANAGEMENT

PHARMACY BENEFITS MANAGEMENT

LEARN MORE ABOUT THIS BRAND NEW PUBLICATION: Write to Christopher Knight, CEO, iPMI Magazine on ipmi[at}ipmimagazine.com

Publication Frequency: Monthly.

Format: Digital, Online. Free to read, no registration required.

Pages: 80+ (currently).

Language: English.

Readership: 40,000 + unique readers PCM.

Classifications: IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

 

Read more...

iPMI Magazine Provider Network Directory August 2018

Uniting #IPMI industry leaders under 1 roof the August edition of iPMI Magazine provider network directory delivers all the pertinent company intelligence your business needs to navigate the complex world of IPMIClassifications covered include IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

    Enter full screen click the small rectangle above ↑

The IPMI industry use the iPMI Magazine Provider Network Directory to source the best information and data on worldwide medical payors and providers. They may be searching for a new partner, looking for a contact number of a current provider, or researching the payor and provider market for future cross border network development.

PAYORS AND PROVIDERS IN FOCUS:

IPMI

ASSISTANCE

AIR AMBULANCE

COST CONTAINMENT AND CLAIMS MANAGEMENT

FUNERAL DIRECTORS

GROUND AMBULANCE

HEALTHCARE INSURANCE MANAGEMENT

PHARMACY BENEFITS MANAGEMENT

LEARN MORE ABOUT THIS BRAND NEW PUBLICATION: Write to Christopher Knight, CEO, iPMI Magazine on ipmi[at}ipmimagazine.com

Publication Frequency: Monthly.

Format: Digital, Online. Free to read, no registration required.

Pages: 80+ (currently).

Language: English.

Readership: 40,000 + unique readers PCM.

Classifications: IPMI, Assistance, Air Ambulance, Cost Containment And Claims Management, Funeral Directors, Ground Ambulance, Healthcare Insurance Management, Pharmacy Benefits Management.

 

Read more...

iPMI Magazine Speaks With Tom Wilkinson, CEO of AXA’s Global Healthcare Business

Please introduce yourself and background in the international private medical insurance industry:

I joined AXA PPP International as Managing Director in 2014, after previously filling the roles of Director of Marketing, Director of Strategy and Proposition and Director of Strategy, Planning and New Markets at AXA Wealth. Since then, I have taken over responsibility for all AXA branded international private medical insurance, becoming CEO last year.

My understanding of the need for international medical insurance is complemented by my own personal experience, having lived as an expat in a few countries, most recently with my family in France.

A recent PR from AXA talks about the challenges expats and their families face. In a nutshell what are the major challenges?

We carried out a large piece of research to find out which aspects of moving abroad expats struggle with, the results of which show that being away from their support network is one of the most challenging parts of relocating. Forty per cent of adults and 32 per cent of children, according to their parents, said that this was one of the most difficult aspects of making their transition to life abroad.

We also found that language was a difficult barrier to overcome, with parents struggling more than their children. Thirty per cent of adults found learning the local language difficult, as opposed to 25 per cent of children. Quite surprisingly, we also found that expats thought adapting to the new weather conditions was challenging. Twenty-six per cent of adults found it difficult to get used to the weather - though this figure rose  for those relocating to the UK from overseas  to 42 per cent.

What opportunities exist to overcome such challenges?

From my own experience, I would recommend that expats seek as many opportunities as possible to build a new support network, in order to make the transition to a new culture and way of living less challenging. Before arriving, do plenty of research into what opportunities there are in the local area to engage in social activities and meet people. Achieving this quickly will make it much easier to establish yourself, as friends will be able to help you acclimatise to the local culture and get to know the area. Using expat forums or social media can be a great way of finding advice on how to meet people.

How does AXA help manage the complex life of an expatriate?

Preparation is key to making a move successful. To help our customers, we provide information through our online hub on many aspects of the relocation process, such as adapting to new cultures, finding accommodation and making financial arrangements.

We also support our customers with general health concerns by offering them access to a 24/7 medical information helpline, through which they can speak to a nurse about health concerns that could range from vaccinations to children’s health. Customers can call our contact centre at any time to make and discuss claims in a choice of languages, and if they need medical treatment, we can liaise with hospitals on their behalf to secure the necessary treatment and arrange payment of bills. We know that when you fall ill or have an accident in a foreign country, these small details can really make a difference.

In another recent AXA press release Three Quarters Of Expats Put Health At Risk When Moving Abroad you said the research indicated that the majority of expats didn’t consider healthcare to be as high a priority as other factors before they relocate. Why is that?

I think this stems from the fact that when you are moving abroad, there are things that you know you will absolutely need, such as a home, banking facilities or schooling if you are relocating with children. Unless you have an ongoing condition, it’s difficult to predict when you will require access to healthcare, and it can therefore slip down the list of priorities in favour of what might seem like more immediate concerns.

People might also underestimate the importance of arranging healthcare cover if they are coming from a country such as the UK, where free healthcare is readily available to everyone. Access to healthcare of a high standard can vary all around the world, so my advice to anyone who is moving abroad is to make sure you plan ahead and at the very least, investigate what sort of healthcare will be locally available.

Individuals and business insure cars, mobile phones, luggage, laptops and a whole variety of consumables and things. Why is IPMI and international health insurance not so important?

It’s not so much a case of international health insurance being less important. The items you mentioned are consumables that people use every day, and are therefore more likely to be at the front of their minds when it comes to purchasing insurance. Access to healthcare is something that many people tend not to consider until they really need it.

Like many in the IPMI industry you have lived the expat life. Can you tell us about your experience as an expatriate?

I’ve spent time living as an expat in a number of countries, including Switzerland (where my son was born), Japan, Italy, Denmark, the USA and most recently, with my family in France. I’ve always found living overseas to be a hugely rewarding experience. Working abroad definitely broadened my horizons in terms of career opportunities and I’m hopeful that the experience has also opened my children’s eyes to the fact that living and working overseas can be much more than just a “nice idea”. There were challenging moments, but these were totally overshadowed by the positives that I have taken away from my time as an expat.

Why do expatriates buy IPMI?

There are many reasons why an expat might buy IPMI, but at its simplest level, IPMI ensures expats can access a global standard of medical care, regardless of which country they find themselves in. Expats tend to travel often, spending time not only in their country of residence, but also returning home to visit family and friends, or traveling further still for business or leisure. IPMI ensures they can access to healthcare in any of these scenarios.

An AXA IPMI policy typically provides more extensive coverage than local health insurance plans, as well as the security of evacuation or repatriation, should the need arise. In certain parts of Africa, for example, hospitals can be extremely far apart. If an expat needs to be relocated in order to receive medical attention that isn’t available where they are, IPMI provides the assistance of specially trained teams that will transport the patient, across boarders if need be, to the best facility that offers the right medical care.

It’s also important to remember the extra reassurance that speaking to someone in your own language can offer someone who is unwell and feeling vulnerable. Having an accident or becoming ill while overseas can be a daunting prospect and IPMI typically allows customers to speak to someone in their native language, day and night.

In 2017 insurance is a given. Expatriates want value. How does an AXA IPMI plan deliver value?

For starters, an AXA IPMI plan provides all of the benefits and support that you would expect. However, there’s also a lot that we do behind the scenes to ensure our service is of the highest quality, which our customers might be less aware of. For example, we have a specialist fraud management team that ensures our customers get the best possible value from their plan and aren’t affected by over-inflated, or unwarranted, costs due to fraudulent activities

We are also constantly developing our network of global medical providers, to obtain the best prices for medical treatment, and strive to ensure our customers have access to high quality medical facilities, wherever they are in the world. 

How will BREXIT affect the IPMI industry and expatriate market?

The simple answer is that until negotiations with Europe have taken place and we have a clearer understanding of how our relationship with the EU will look post-Brexit, there is no real way of knowing how the IPMI and expat market will be affected. It’s possible that more businesses will move UK offices to Europe, as we have recently seen with Lloyds of London and JP Morgan, and that we may therefore see more British people moving to work abroad. On the other hand, it’s possible that we might see some UK expats who are currently living abroad return home. We will have to wait and see exactly what the effects are.

International PMI or local PMI - what do expatriates want?

One of the key trends that we are seeing is that new expats are more likely to opt for an international plan initially, however, when they become familiar with their new way of life, seasoned expats are more likely to consider a lower level plan or move to a local health insurance plan. That said, we’re seeing many expats who are already on a local plan, perhaps provided by their employers, also buying an international plan, because they want the benefits of the extra flexibility and security that the more comprehensive international plans can offer.

What can we expect from AXA’s IPMI in the future?

As part of the world’s largest insurance brand, we are in the strong position of being able to work with AXA insurers around the world and we operate in 64 countries. This gives us a fantastic platform from which to further expand our ever-increasing portfolio of locally compliant international health plans in countries where specific health regulations exist.    

We’re particularly keen to further develop our proposition in a way that focuses on what’s relevant for a globally mobile audience. Moving abroad for work, a new adventure or simply a change of lifestyle is becoming an increasingly common trend and we’re keen to make sure that we are always on hand for our customers to help navigate the healthcare landscape, wherever they may be.

 

 

 

 

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iPMI Magazine Market Research Reports

International Health Insurance (IPMI) 2021

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...

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International Health Insurance 2020: The Definitive iPMI Market Report Is Out Now

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Leading international private medical insurance publisher iPMI Magazine is excited to announce the launch of “International Health Insurance 2020" - International Health Insurance for Expats, High Net Worth Individuals, 3rd Country Nationals, Domestic Nationals and Global Nomads. There are more opportunities than ever for insurers and brokers to sell health insurance globally to locals and internationals. The global demand for health insurance is rising fast; There are opportunities for health insurers and brokers; The numbers of expatriates are rising and...

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International Health Insurance 2019: The Definitive iPMI Market Report

International Health Insurance 2019: The Definitive iPMI Market Report

Leading international private medical insurance publisher iPMI Magazine is excited to announce the launch of “International Health Insurance 2019 - International Health Insurance for Expats, High Net Worth Individuals, 3rd Country Nationals, Domestic Nationals and Global Nomads: Volume 1, 2 and 3.  There are more opportunities than ever for insurers and brokers to sell health insurance globally to locals and internationals. The global demand for health insurance is rising fast; There are opportunities for health insurers and brokers; The numbers...

05-04-2019 International Private Medical Insurance Magazine Reports

BREXIT And Insurance

BREXIT And Insurance

iPMI Magazine is excited to announce another excellent report and another excellent discount, for those insurers, brokers and agents selling - or planning to sell - into the UK and/or EU markets post BREXIT. With 200 pages of critical insurance business intelligence, this new market research report from leading insurance analyst Ian Youngman features the information you need to know, before it is too late: BREXIT is a legal and logistical nightmare.  UK regulators have demanded that every...

27-04-2018 International Private Medical Insurance Magazine Reports

About iPMI Magazine Reports

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.