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International Private Medical Insurance Executive

Self-Insured Funding – Is This The Right Option For Your Company?

Self-Insured Funding – Is This The Right Option For Your Company?

With rising premiums and reduced benefits to employees, many employers are deciding to self-fund their healthcare benefits, in order to avoid costly healthcare reform mandates, taxes, and inflated insurance carrier profit margins.  Nearly 60% of employers in the USA, of all sizes, self-fund their healthcare plans, states the Employee Benefit Research Institute.  The question remains, “Is self-funded the right option for your company?”  The question is sure to be answered...

04-09-2015 Articles Case Studies

The IRS Moves Towards Implementing The Cadillac Tax

The IRS Moves Towards Implementing The Cadillac Tax

Regardless of the opposition of congressmen, brokers, and employers, on July 30th, the United States Internal Revenue Service (IRS) issued another notice on the Cadillac Tax, which will go into effect in early 2018.  Notice 2015-52 Section 49801 – Excise Tax on High Cost Employer-Sponsored Health Coverage addresses additional topics and issues related to the Cadillac Tax, which will seriously impact most employer-sponsored group health plans. In February, the IRS issued Notice...

04-09-2015 Articles Case Studies

What Is Important When Designing Maritime And Marine Medical Health Insurance Plans?

What Is Important When Designing Maritime And Marine Medical Health Insurance Plans?

There are more than 1.5 million seafarers in the world. A majority of these seafarers now have a right to be protected through national laws and practices applying the MLC, 2006 to the ships on which they work. Title 4 of the MLC covers Health Protection, Medical Care, Welfare and Social Security Protection. From August 20th 2013 all vessels over a certain size have to comply with a new labour...

26-08-2015 Articles Case Studies

Critical Considerations When Designing Individual International Private Medical Insurance Plans

Critical Considerations When Designing Individual International Private Medical Insurance Plans

Introducing a business into new emerging markets is the response from worldwide business owners to the preeminent mega trend that is globalisation. Establishing a global footprint may be of pivotal importance to a wide range of industry, and according to PWC, cross-border assignments are showing no signs of a slowdown. In fact, 59% of CEOs plan to send more staff on international assignments with predictions that global corporate travel and international...

26-08-2015 Articles Case Studies

What Are The Key Differences Between An iPMI And A Local Insurance Plan?

What Are The Key Differences Between An iPMI And A Local Insurance Plan?

In a recent International Private Medical Insurance Magazine executive round table business forum, we spoke with leading C-Level executives about the major differences between international private medical insurance plans and local insurance plans. As expatriate hot spots around the world continue to mandate insurance cover for expatriate employees, under various visa and employment laws, questions from the business community continue to be raised. Issues focus around how new laws will help...

26-08-2015 Articles Case Studies

iPMI Magazine Latest News

OUT NOW: International Private Medical Insurance Companies and Providers V1.2

OUT NOW: International Private Medical Insurance Companies and Providers V1.2

Version 1.2 of the International Private Medical Insurance Provider Directory is out now with the addition of Antaé, a leading employee benefits firm based in Switzerland. Based in Lausanne in Switzerland, Antaé is specialised in advice, design and distribution of international mobility solutions: private medical insurance, travel health insurance, assistance and security, protection, kidnap and ransom, pension. Our clients are international corporate businesses and organisations, NGOs, international private schools and international students...

25-08-2015 iPMI Magazine Breaking News

60 Million Expatriates By 2020

60 Million Expatriates By 2020

There are over 50 million expatriates, and by 2020 this will be 60 million. 232 million people now live away from their country of birth. Between one in two and one in three expatriates has no international health insurance, although a minority is covered by domestic health insurance. Several countries seek to get expatriates and migrants to pay for healthcare or have compulsory health insurance. PREVIEW THE 900+ PAGE REPORT International...

21-08-2015 iPMI Magazine Breaking News

iPMI Magazine Featured News

VIDEO: Go Global With GeoBlue And iPMI Magazine: An Introduction For Direct Brokers And Agents

In this video you will learn how to get started with GeoBlue: Realize the potential of the international market segment;Understand GeoBlue's advantages;Learn about GeoBlue's products and services and commission program;See the resources we have available to assist our brokers/agents. About International Private Medical Insurance Magazine (iPMIM) International Private Medical Insurance Magazine (iPMIM) is the ultimate digital news brand serving medical, expatriate, corporate, healthcare and travel insurance markets worldwide. Due to the nomadic nature...

27-08-2015 iPMI Magazine Breaking News

RSA Insurance Group 2015 Half Year Results Video Interview with Stephen Hester, CEO

RSA Insurance Group 2015 Half Year Results Video Interview with Stephen Hester, CEO

  With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. In this film, CEO Stephen Hester discusses the key highlights from RSA's 2015 half year results. Stephen Hester, RSA Group Chief Executive, commented, "We are making fundamental improvements to RSA, as promised. These interim results show excellent progress on all key measures. The foundations are being laid to improve still further. Profits are up strongly...

19-08-2015 iPMI Magazine Company Results News

APRIL UK Appoints Healix To Streamline PMI Claims

APRIL UK Appoints Healix To Streamline PMI Claims

APRIL UK is set to make significant changes to the way their private medical insurance claims are handled, which they believe will offer policyholders an improved claims experience and faster access to policy benefits. The Bristol based provider has announced that from 1st September 2015, Healix will take over as the claims handler on their range of private medical insurance plans, including their inSpire PMI Plan. One of the key enhancements that...

18-08-2015 iPMI Magazine Breaking News

Stand-Alone Travel Insurance and Assistance Gross Written Premiums Forecast To Rise To 4.54 Billion Euros By 2018 Across 20 European Countries

Stand-Alone Travel Insurance and Assistance Gross Written Premiums Forecast To Rise To 4.54 Billion Euros By 2018 Across 20 European Countries

Munich Re and Allianz are the market-leading groups in a fragmented market that is predicted to be worth EUR 4.54 billion by 2018. The value of the market for stand-alone travel insurance and assistance across 20 European countries was EUR 3.86 billion in 2014 in terms of gross written premiums and is forecast to rise to EUR 4.54 billion by 2018. The UK market is by far the most valuable as it...

18-08-2015 iPMI Magazine Medical Travel Technical Roadside Assistance Company News

VIDEO: Aegon CEO Alex Wynaendts Reports Increase In Earnings

VIDEO: Aegon CEO Alex Wynaendts Reports Increase In Earnings

  Solid underlying earnings Underlying earnings increase to EUR 549 million as fee business growth and the stronger US dollar were partly offset by lower US life & protection results, including adverse mortality of EUR 17 millionEquity and interest rate hedging programs main drivers of fair value losses of EUR 293 millionNet income amounts to EUR 350 millionReturn on equity of 8.2% and 8.9% excluding capital allocated to run-off businesses Continued strong profitable...

14-08-2015 iPMI Magazine Company Results News

Ask An iPMI Expert

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How Do You Think International Healthcare Will Be Defined In The Future?

How Do You Think International Healthcare Will Be Defined In The Future?

Buyers are becoming more demanding and iPMI is no longer about just insurance but about the ‘whole package’. No longer will providers be able to stand behind their brand and expect policyholders to put up with sub-standard service or inappropriate products. The expatriate market is growing and as it continues to do so, so will the need for iPMI providers to step up to the challenge. Whilst price is important...

19-09-2013 Ask An Industry Expert

iPMI Magazine Hosted You As A VIP Speaker At The 4th Medical Tourism Conference In Istanbul, Turkey, Last Year; You Made A Speech About Medical Tourism And Insurance. What Was The Aim Of The Speech?

iPMI Magazine Hosted You As A VIP Speaker At The 4th Medical Tourism Conference In Istanbul, Turkey, Last Year; You Made A Speech About Medical Tourism And Insurance. What Was The Aim Of The Speech?

Essentially, my speech was first to debunk some of the myth and outlandish claims about the size of the medical tourism industry. Next is to help identify and understand the potential market of commercial payors and how to approach this core sector. Next, to help forge an understanding of facilitating business - commercial insurers generally are willing to cover the costs of treatment abroad particularly if they can realize savings, but...

19-09-2013 Ask An Industry Expert

What Role Does Information Technology Play In Your Day-To-Day Operations And Within Your Health, Expat Or Travel Insurance Plans?

What Role Does Information Technology Play In Your Day-To-Day Operations And Within Your Health, Expat Or Travel Insurance Plans?

Technology is an absolutely crucial part of all health plan operations and services. From selling, to underwriting to assisting members, the plans destined for long-term success will be technology leaders. As the leader in global technologically based services for global travellers, our success will depend on our ability to continue to innovate and add value through the deployment of our innovations.  Angelo Masciantonio CEO HTH Worldwide

19-09-2013 Ask An Industry Expert

How Can Corporations Improve And Manage The Life Cycle Of Their Specialist Expatriate Workforce?

How Can Corporations Improve And Manage The Life Cycle Of Their Specialist Expatriate Workforce?

Comprehensive cover should be looked at not only as a necessity but as a perk. Quality healthcare insurance benefits are an important element in ones life but to an expatriate and their family it has added value. Having the ability to seek treatment in one’s home country is something of significance to an expatriate. Domestic employee or even Human Resource professional may not comprehend the difficulties an expatriate may face in...

19-09-2013 Ask An Industry Expert

How Do You Deliver Value To Your Clients?

How Do You Deliver Value To Your Clients?

Direct clients and Intermediaries need to have absolute confidence that the iPMI provider and the plan that they recommend to their client will provide the cover expected and will deliver top quality service when needed. An iPMI policy which fails to respond when an expatriate is facing a medical emergency is useless. If a provider is offering big discounts and their plans are priced well below the market norm, you...

19-09-2013 Ask An Industry Expert

On A Recent And Highly Subscribed Linkedin Discussion, It Was Suggested That: “There Is A Huge Gap Between Underwriting And Claims And Everyone Needs To Start Talking The Same Language”. What Do You T…

On A Recent And Highly Subscribed Linkedin Discussion, It Was Suggested That: “There Is A Huge Gap Between Underwriting And Claims And Everyone Needs To Start Talking The Same Language”. What Do You Think?

I agree. As someone who has done pretty much all the different jobs in health insurance from marketing and sales to operational management, claims processing underwriting etc I think there has always been a detachment between the different functions – which is not helpful. My view is that there should be more cross functional training and working. In a small company like ours where everyone has to get involved in...

19-09-2013 Ask An Industry Expert

How Can Corporations Improve And Manage The Lifecycle Of Their Expatriate Workforce?

How Can Corporations Improve And Manage The Lifecycle Of Their Expatriate Workforce?

Becoming an expat can be a difficult time – especially when experienced for the first time. A combination of some of the most stressful events in a persons life are happening at the same time - a new job, often uprooting of a family, a new country, a new culture, leaving extended family members behind and so on. Companies need to empathise with this and offer support if they want...

19-09-2013 Ask An Industry Expert

iPMI Magazine Plan News

Wellaway Limited Launches Oneworld, An International Healthcare Program, Geared Towards Expatriates Around The Globe

Wellaway Limited Launches Oneworld, An International Healthcare Program, Geared Towards Expatriates Around The Globe

WellAway Limited, a leader in innovative healthcare programs for expatriates, has launched OneWorld, an international healthcare program, which allows individuals to be covered throughout the entire world.  There are two main programs in which clients can enroll in, OneWorld Platinum and OneWorld Gold. “At WellAway we take pride in providing our members with the latest and best products in the healthcare industry,” said Griselle Chernys, CEO of WellAway Limited.  “With our...

04-09-2015 iPMI Product News

Cigna Global Health Benefits Expands Sales With New Expatriate Health Insurance Plan

Cigna Global Health Benefits Expands Sales With New Expatriate Health Insurance Plan

Designed for expatriate employees of multinational companies with offices in Africa, Cigna Global Health Benefits® is now offering its new Cigna Africa product. Expats in regions of Africa will benefit from Cigna's local experience and facilities, global medical network, and ongoing commitment to investments in this region. Cigna Africa has been designed specifically for multinationals’ globally mobile, key local and third-country nationals (TCN) staff in Africa. The product has been tailored...

03-09-2015 iPMI Product News

iPMI Magazine China

International SOS Clinics In Tianjin And Tianjin TEDA Remain Open

International SOS Clinics In Tianjin And Tianjin TEDA Remain Open

The fire at a logistics facility in the Binhai Port area of Tianjin Municipality resulted in two large explosions on 12th August at around 11.20pm. Immediately after the explosion International SOS staff provided triage and first aid treatment for the seriously injured. In addition, International SOS sent a team to Tianjin to ensure continued support to our clients and members. Both International SOS clinics in Tianjin and Tianjin TEDA remain open.The authorities have...

16-08-2015 China News

Typhoon Chan-hom Causes USD1.5bn Economic Loss In China

Typhoon Chan-hom Causes USD1.5bn Economic Loss In China

Aon Benfield's catastrophe model development team have launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during July 2015. The report reveals that Typhoon Chan-hom tracked across much of the Western Pacific Ocean during the month, causing extensive damage in China, Japan's Okinawa Island chain, South Korea, Taiwan and Guam, killing at least six people and injuring...

14-08-2015 China News

iPMI Magazine Interviews

iPMI Magazine Speaks With Fiona Greenwood Operations Manager Rowland Brothers International

iPMI Magazine Speaks With Fiona Greenwood Operations Manager Rowland Brothers International

Fiona grew up in Spain, in the province of Tarragona, where her family moved when she was 7 years old.  She is bi-lingual in Spanish and English. As a teenager, she moved back to the UK with her family, and a few years later, moved again to work with an emergency assistance company in Dallas, Texas. After six wonderful years in Texas, she returned to the UK, and continued her...

03-09-2015 Executive Industry Interviews

iPMI Magazine Speaks With Arjan Toor Cigna Global iPMI Managing Director

iPMI Magazine Speaks With Arjan Toor Cigna Global iPMI Managing Director

Arjan brings over 18 years of experience in financial services across Asia, Europe and the US to his new role. With proven expertise in the development, marketing and distribution of a broad variety of insurance solutions, he is well positioned to lead Cigna’s Global IPMI business as they build out their position as a leader in the individual PMI industry. Please introduce yourself and background in the international medical insurance industry: Let...

25-08-2015 Executive Industry Interviews