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Identifying Key Segments Driving Demand for International Private Medical Insurance in Europe and the UK

09-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article we speak with leading iPMI insurers and providers about the main segments driving demand for international private medical insurance in the UK and Europe. For further insights, take a look at the new 2024 report, International Health Insurance 2024: The Future of International Private Medical Insurance (iPMI).

Designing International Private Medical Insurance Plans for Digital Nomads

09-07-2024 Digital Nomads Insurance iPMI Global

In the iPMI Global Digital Nomads in Focus Article, we look at which coverage options should be included in an international private medical insurance plan for digital nomads, and which ones might be left out. As always, if you are a digital nomad, purchasing an international private medical insurance plan, always consult with your insurer or broker for the full advice.

APA Insurance and Hollard Health Launch International Medical Insurance Plans for Individuals, Families, SME’s And Corporates

09-07-2024 iPMI Plans iPMI Global

APA Insurance, in partnership with Hollard Health, has launched an innovative international health insurance solution – APA Hollard Health. This new offering seamlessly integrates innovative technology with a personalised approach, enabling members to proactively manage their health. By providing accessible information and intuitive tools, the health insurance solution ensures that users can make informed decisions about their health and well-being with confidence and ease. The launch marks a significant step forward in health management, promising enhanced healthcare experiences and improved health outcomes for individuals, families, SME’s and corporates.

How Serious a Problem is Fraud, Waste and Abuse in International Health and Travel Insurance Markets?

05-07-2024 Cost Containment iPMI Global

In this iPMI Global Cost Containment In Focus article we talk with the movers, shakers and deal makers from the international assistance and cost containment market, and ask, how serious a problem is fraud, waste and abuse in the business? According to the FBI, Health care fraud is not a victimless crime. It can affect everyone from individuals to businesses. Healthcare fraud causes tens of billions of dollars in losses globally every year, and may help raise health insurance premiums, expose patients to unnecessary medical procedures and increase taxes.

International Private Medical Insurance (iPMI) for Digital Nomads

05-07-2024 Digital Nomads Insurance iPMI Global

In this iPMI Global Digital Nomads In Focus article we talk with the movers, shakers and deal makers from the international private medical insurance market, and ask, which iPMI policies are suitable for digital nomads? What is the scope for individual and group business? Most digital nomad visas demand health insurance and some specify IPMI. So how big is this new market?

Collinson Partners with World Nomads to Enhance Travel Insurance Offerings in UK & Europe

04-07-2024 Travel Insurance iPMI Global

Collinson has announced a strategic partnership with World Nomads, the global travel insurance provider, including the launch of a new Annual Multi-Trip (AMT) product in the UK & Ireland.

Premier Choice Group (PCG) Acquires Employee Benefits Intermediary Advo Group Limited

03-07-2024 Private Medical Insurance & Employee Benefits iPMI Global

Premier Choice Group (PCG), the Private Medical Insurance and Employee Benefits business of Brown & Brown (Europe), has completed a deal to buy the employee benefits intermediary Advo Group Limited.

iPMI USA: Inbound Individual Inpats – Local Health Insurance, Short Term Medical or iPMI?

03-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article, we speak with leaders from the international private medical insurance market and ask about individual inbound inpats health insurance coverage options. When thinking of the USA market, most target outbound expats, but after the collapse of compulsory health insurance inbound expats have a need. Do inbound individuals, who are not immigrants, seek local health insurance, short-term private medical insurance, iPMI or no cover?

Estimating the Overall Opportunity and Market Size of the International Private Medical Insurance (IPMI) Market in the UK and Europe

03-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article, iPMI Global CEO Christopher Knight, speaks with leaders from the international private medical insurance space, and explores the UK and European markets. We ask about the importance of the region for international private medical insurance, the opportunities and the estimated size.

Webinar July 10th at 10AM EST: The Secret Weapon to Success in Insurance Distribution

03-07-2024 Events iPMI Global

Despite global economic uncertainty, there are a number of indicators that are good news for the global insurance space, especially for IPMI and student health insurance. For one, the number of high-net worth individuals and their wealth reached record levels in 2023, according to Capgemini. By 2030, by one count, internationally mobile students will grow from 6 million to more than 10 million.

Expatriate Healthcare Insurance: International Private Medical Insurance (iPMI) Vs Local Healthcare Insurance Plans

02-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article, iPMI Global CEO Christopher Knight, speaks with leaders from the international private medical insurance (iPMI) market, and asks, why would an expatriate choose an international private medical insurance plan over a local health insurance plan and vice versa.

FAI Air Ambulance receives Outstanding Sector Leadership and Growth Award at the MEA Business Achievement Awards

02-07-2024 Air Ambulance iPMI Global

FAI’s Air Ambulance Division has been awarded the ‘Outstanding Sector Leadership and Growth Award’ in the Air Ambulance category at the MEA Business Achievement Awards 2024 in Dubai. FAI’s Dubai-based team members accepted the award from Kenneth Mitchen, Executive Director and Publisher, Creative Middle East Media at a prestigious ceremony and gala dinner held at the Ritz Carlton JBR on June 25th. Determined by a panel of industry experts, the MEA Business Achievement Awards recognise and celebrate the most innovative and successful businesses and leaders across the Middle East and Africa.

MetLife Worldwide Benefits and GeoBlue® to Offer Joint Expatriate Benefits Solution

01-07-2024 iPMI Plans iPMI Global

MetLife and GeoBlue has announced they will offer a full suite of expatriate benefit products in a best-in-class single solution, Globaline™. Globaline™ brings together health coverage and services from GeoBlue – including medical, dental, vision, prescription, wellness, international employee assistance program and political and natural disaster assistance – and life, accidental death & dismemberment and long term disability coverage from MetLife Worldwide Benefits, including value-added services, such as grief counseling, will preparation & digital estate planning and estate resolution.

Exploring Expatriate Healthcare Insurance Coverage Options for Remote and Tele Healthcare

01-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article, iPMI Global CEO Christopher Knight, speaks with leaders from the international private medical insurance market, and explores which coverage options are available in expatriate healthcare insurance policies when it comes to remote healthcare and telemedicine.

Which Features and Benefits Should an Expatriate Healthcare Insurance Policy Include?

01-07-2024 iPMI Insights iPMI Global

In this iPMI Global Insights article, iPMI Global CEO Christopher Knight, speaks with leaders from the international private medical insurance (iPMI) market, and asks, which features and benefits should an Expatriate Healthcare Insurance policy include, for expatriates who seek cross border healthcare insurance cover.

Expatriate Healthcare Insurance Strategies 2024

19-06-2024 Latest Round Tables iPMI Global

This exclusive closed door iPMI Global round table takes a closer look at the opportunities and challenges in the expatriate healthcare and international private medical insurance market.

AXA Hong Kong and HK Express Airways Launch Exclusive Insurance Partnership and Co-Branded Aircraft

18-06-2024 Travel Insurance iPMI Global

AXA Hong Kong and Macau (“AXA”) and HK Express Airways (“HK Express”) announce an exclusive insurance partnership agreement and held the collaboration kick-off ceremony. AXA is committed to offering HK Express customers a fast, simple and convenient travel insurance experience while providing tailored protection for the mass travellers, enabling them to travel on their own terms.

iPMI Global Readers Save 20% on the Ticket Price for the SIP Medical Family Office Global Health Conference 2024

18-06-2024 Events iPMI Global

iPMI Global Readers can now save 20% off the ticket price for the upcoming SIP Medical Family Office Global Health Conference 2024, in London.

iPMI Broker Alert: Healthcare International Group Offering 30% Commission to Brokers on Health Protect Individual Policies Summer 2024

14-06-2024 iPMI Insights iPMI Global

According to the Healthcare International Group website and a post on LinkedIn, HCI Group is offering a 30% commission rate on all individual Health Protect policies with an inception date between June 1 and August 31 2024.

Howden Expands International Health Insurance Business with Acquisition of iPMI Broker GLOBASSURE

14-06-2024 iPMI iPMI Global

Howden, the largest insurance and reinsurance broker in Greece, continues to dynamically grow its international health insurance business with the recent acquisition of GLOBASSURE. Led by Mr. Filis Athinaios, the GLOBASSURE team has more than 20 years of experience and expertise in international health & travel programs, while the family tradition of the company's shareholders in the insurance market exceeds 100 years.

Prepare for Euro 2024 Football Travel with the Help of UnitedHealthcare Global’s Special Report and Infographic

14-06-2024 iPMI Insights iPMI Global

From 14th June to 14th July 2024, Germany will be hosting Europe's largest football tournament of 2024. To ensure the utmost care and protection for your global employees amidst the excitement of the football extravaganza, UnitedHealthcare Global have created a special report to help safeguard those who are located in or near the host cities as well as those travelling to the event.

AM Best Withdraws Credit Ratings of Accuro Health Insurance Society Limited Following Transfer of Accuro’s Health Insurance Portfolio to Unimed

14-06-2024 Breaking News iPMI Global

AM Best has withdrawn the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb" (Fair) of Accuro Health Insurance Society Limited (Accuro) (New Zealand) as the company no longer operates as an insurance company. At the time of the withdrawal, these Credit Ratings (ratings) were under review with developing implications.

nib Completes Ambitious Migration to Cloud

14-06-2024 InsureTech News iPMI Global

nib holdings (ASX: NHF) has announced that it has delivered on its cloud-first strategy, deepening its collaboration with Amazon Web Services (AWS) by migrating more than 95% of its on-premise workloads across all business lines into AWS.

Voyager Insurance Services Launches GP on Demand Campaign for Voyager Plus Travel Insurance

11-06-2024 iPMI Plans iPMI Global

Voyager Insurance Services Ltd. is excited to announce the launch of its latest campaign, highlighting the benefits of the GP on Demand service with all Voyager Plus Travel Insurance policies. This innovative addition provides travellers with unparalleled peace of mind, ensuring that they have access to medical advice whenever and wherever they need it.

Size, Segmentation, Growth and Competitive Structure of the Global MGA/MGU Sector

11-06-2024 Insurance iPMI Global

In 2023, revenues earned globally by MGAs, MGUs and cover-holders surged to around USD 23.9 billion Combined market share of the top five groups is less than 20% of worldwide MGA revenues Over 1,650 individual enterprises in this sector are on course to write premiums of more than USD 10 million in 2024 According to an updated ranking and analysis completed by Insuramore (www.insuramore.com/rankings/mgas-mgus/revenues), the value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around USD 23.9 billion in 2023 with between 70% and 75% of this due to direct commercial P&C...

Allianz Partners USA Announces Launch of Allyz® TravelSmart

11-06-2024 InsureTech News iPMI Global

Allianz Partners USA  has announced the launch of the Allyz® TravelSmart mobile app, a new digital platform providing travelers with trusted advice and expertise as well as easy access to a wide range of insurance benefits for Allianz Global Assistance customers. The launch of the mobile app is an important milestone in the expansion of Allianz Partners' digital platform, providing users with an essential array of travel services.

Qatar Insurance Company (QIC) Offers a Variety of Travel Insurance Plans Gearing Up for Summer

11-06-2024 iPMI Plans iPMI Global

Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, celebrates the approaching summer travel season and end-of-year school holidays, offering outbound travelers the best travel insurance covers and the fastest online experience in Qatar at competitive rates.

Pacific Prime Wins the NOW Health Top Distributor Award 2023

11-06-2024 Breaking News iPMI Global

During the Madrid Open Finals (4-7 May), global health insurance broker, Pacific Prime, was awarded NOW Health’s Top Distributor Award 2023 in recognition of their amazing performance in the global international health and medical insurance market.

New Brand Identity for Abu Dhabi Health Services Company (SEHA)

11-06-2024 Breaking News iPMI Global

Abu Dhabi Health Services Company (SEHA), a subsidiary of PureHealth, has launched its new brand identity, continuing its journey to further enhance patient experience. The strategic move reinforces SEHA’s trusted, unified approach to patient-centric care, which aims to support community wellbeing across Abu Dhabi.

Global Healthcare Report Reveals Shocking Rise in Mind Health Concerns Among Expatriates

11-06-2024 Expatriate Healthcare Insurance News iPMI Global

4 in 5 (80%) non-native employees are experiencing negative mental health symptoms as a direct result of their working environment. Worrying findings from the fourth non-native Mind Health Report produced by leading international health insurance provider, AXA - Global Healthcare, show that workplace wellbeing has continued to decline for non-native employees.

Ardonagh Completes Acquisitions of Italian Insurance Brokers Mediass S.p.A. and Mansutti S.r.l

10-06-2024 Mergers and Acquisitions News iPMI Global

Ardonagh Italia, a subsidiary of The Ardonagh Group, today confirms completion of the previously announced acquisitions of Mediass S.p.A. and Mansutti S.r.l. Mansutti S.r.l is the commercial lines broker of Mansutti S.p.A., which was established by the Mansutti family in Milan in 1925. The firm has an annual Gross Written Premium of €45.5 million across Liability, Property, Employee Benefits, Automotive, and Marine.

Generali Global Assistance: Americans Seek Authenticity in Travel

10-06-2024 Assistance iPMI Global

Generali Global Assistance (“GGA”) has announced the findings from U.S. respondents to the 2024 Holiday Barometer – the annual poll sponsored by its parent company, Europ Assistance, and conducted by the consumer research firm Ipsos. The survey was conducted between March 27 and April 22, 2024, in 21 countries.

CoverGo Unveils Next-Gen, AI-Powered Distribution Platform with a Growing List of Early Adopters

10-06-2024 InsureTech News iPMI Global

CoverGo, the leading global no-code insurance SaaS platform, today announced the launch of CoverGo Distribution, a game-changing, AI-powered insurance platform for omni-channel distribution. CoverGo Distribution is designed with flexible architecture and advanced technology to enable insurers, MGAs, brokers, and others to distribute life, health, and P&C products across multiple channels – direct, agent, broker, bancassurance, embedded insurance, and affinity partnerships.

Anterior Secures $20 Million Series A to Unlock Administrative Efficiencies for Healthcare Payers

10-06-2024 InsureTech News iPMI Global

Anterior, the AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. The funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo. Previously named Co:Helm, the company recently rebranded to Anterior.

Discovery Wins Twice at the Qorus Innovation in Insurance Awards 2024

10-06-2024 Breaking News iPMI Global

Discovery has claimed two top accolades at this year’s Qorus Innovation in Insurance Awards, at a ceremony in Lisbon showcasing the best insurance innovations across the globe. Discovery took the title in the Global Innovator category, which recognises overall world leaders in insurance innovation, and won the Connected Ecosystems and Marketplaces category, for the new Discovery Health App and Health Ecosystem – a centralised digital hub for all healthcare needs.

Revolutionary Partnership Agreed Between Welsh Rugby Players Association, Healix and Nuffield Health

08-06-2024 Hospitals and Clinic News iPMI Global

The Welsh Rugby Players Association (WRPA) is delighted to announce the launch of their partnership with Healix Health and the UK's largest healthcare charity, Nuffield Health. This initiative is set to have a hugely beneficial effect on the quality of life of retired and retiring players.

GMS Chooses CoverGo as New Core Health Insurance Platform To Enable Digital Transformation

08-06-2024 InsureTech News iPMI Global

Group Medical Services (GMS), a leading health insurance company in Canada, and CoverGo, a leading global no-code insurance SaaS platform for health, life, and P&C, are joining forces to digitize GMS’s entire health insurance ecosystem.

Deloitte: Summer Travel Stays the Course Amid Pricing Pressures

08-06-2024 Travel and Tourism iPMI Global

As costs takeoff, shifting demographics and desire to stretch dollars are changing how Americans travel. Amid rising prices, Americans still value their travel plans, as 48% plan to travel and stay in paid lodging, on par with last year, but take fewer vacations overall this summer.

Lloyd’s Strengthens Latin America and Caribbean Business with New Miami Office

08-06-2024 Reinsurance News iPMI Global

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the opening of a new office in Miami from 1 September 2024 to strengthen its Latin America and Caribbean business and continue to support the market’s sustainable and profitable growth in the Americas. Latin America and Caribbean is an important and fast-growing area for Lloyd's, accounting for 4.6% of gross written premium (USD $2.7bn) in 2023.

China: Insurance and Banking Sectors Continue to Enhance Financial Services Q1 2024

07-06-2024 Country Guides iPMI Global

According to recent stats from the National Financial Regulatory Administration in Beijing, total assets of the insurance companies amounted to RMB 32.9 trillion, up by RMB 1.4 trillion or 10.4% from the beginning of the year 2024.

Ireland: Average Cost of Health Insurance is now €1,685

07-06-2024 Country Guides iPMI Global

According to The Health Insurance Authority Ireland quarterly market statistics for Q1 of 2024, the average adult premium is now €1,685 - an increase of almost 13% on the first quarter of 2023. 

Association of British Insurers (ABI) and Gibraltar Insurance Association (GIA) Sign MoU

07-06-2024 Breaking News iPMI Global

The agreement builds on their current working partnership and cements the intent to coordinate views on key products and issues impacting respective insurance markets and share information on issues of common interest.

Hong Kong: Insurance Market Grows 12% Q1 2024

07-06-2024 Country Guides iPMI Global

According to the Hong Kong Insurance Authority, provisional statistics for the first quarter of 2024, show a rise of total gross premiums by 12.2% to $165.1 billion over the corresponding period in 2023.

EGYPT AIR Chooses GIG Egypt and APRIL International for Pilot and Cabin Crew Insurance

07-06-2024 iPMI iPMI Global

Leading international health insurance provider APRIL International has announced that EGYPT AIR has chosen GIG Egypt and APRIL international for pilot and cabin crew insurance. EGYPTAIR is one of the world’s pioneer airlines. Established in May of 1932, it became the seventh carrier in the world.

World of America: Cancun and Riviera Maya 2024 Convention a Resounding Success

07-06-2024 iPMI iPMI Global

Cancun, Mexico - World of America (WOA), a leading broker in international private medical insurance and financial protection solutions, recently concluded its highly successful 2024 convention at the luxurious 5-diamond Xcaret Arte hotel in Cancun and Riviera Maya.

UnitedHealthcare Global Establish New Collaboration with QLM Life & Medical Insurance Company Q.P.S.C. (QLM)

07-06-2024 iPMI iPMI Global

At UnitedHealthcare Global, we are committed to delivering better experiences for our clients, our members, and their families, wherever they are in the world.We are therefore delighted to share that we have established a new collaboration with QLM Life & Medical Insurance Company Q.P.S.C. (QLM). This relationship will enable us to provide our members in Qatar with access to high quality, local health care and locally compliant insurance plans. Through QLM's extensive network throughout Qatar, the Gulf Cooperation Council (GCC) member states, Jordan and Lebanon, our members will have access to quality care and the support of QLM’s local team.

IMG Expands Partnership with Teladoc Health to Provide More Travelers with Telehealth Services

06-06-2024 iPMI iPMI Global

IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, has announced an expansion of their partnership with Teladoc Health, the global leader in whole person virtual care. Service capabilities will be expanded for IMG customers with existing telehealth services as well as allow telehealth services to be offered through additional IMG plans.

India: Axis Bank and Bajaj Allianz General Insurance Forges Bancassurance Alliance To Boost Insurance Penetration

06-06-2024 Country Guides iPMI Global

In this iPMI Global country updates article, we go to India, and take a look at news that Axis Bank and Bajaj Allianz General Insurance has forged a bancassurance alliance to boost insurance adoption.

Join iPMI Global Round Table: International Medical and Travel Assistance Strategies 2024

06-06-2024 Assistance iPMI Global

This upcoming closed door executive iPMI Global round table, looks at the opportunities and challenges in the international medical and travel assistance market in 2024.

UK: Figures Reveal Real-Term Government Health Spending Fell by 2.1% Last Year

06-06-2024 Hospitals and Clinic News iPMI Global

New figures from the Office for National Statistics (ONS) reveal that Government-financed healthcare spending was around £239bn in 2023 – a real-terms decrease of 2.1%. That seems to undermine the Government’s claim of ‘record funding’ last year, says a leading expert.

battleface Announce Launch of Business Travel Policy for UK Companies

05-06-2024 Travel Insurance iPMI Global

battleface’s innovative platform provides a quick and streamlined solution for corporate travel buyers and small to medium sized enterprises to purchase insurance for their employees. With flexible options depending on company size and business travel needs, the annual group policy ensures peace of mind and protection without the hassle of lengthy form-filling for every employee, for every trip.

Dubai Health Authority and National Training (Jaheziya) Sign MoU to Update and Enhance Emergency and Health Crisis Management System in Dubai

05-06-2024 Country Guides iPMI Global

The Dubai Health Authority (DHA) has bolstered its efforts in updating the emergency, crisis, and health disaster management system, the DHA has recently signed a memorandum of understanding (MoU) with National Training (Jaheziya) to prepare and train medical and specialised personnel, enhance their capabilities and efficiency to handle emergencies, disasters, and health crises according to international standards and protocols.

Healix Announces New Partnership with GSA Global

05-06-2024 Travel Risk Management News iPMI Global

Healix has announced a new strategic partnership with GSA Global (GSA) – a leading risk, security and resilience management consultancy and service provider.  The agreement between the two firms represents a significant milestone and will bolster Healix’s travel risk management service offering to its clients.

Passenger Demand Up 11% in April 2024

05-06-2024 Travel News iPMI Global

Data for April 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 11.0% compared to April 2023. Total capacity, measured in available seat kilometers (ASK), was up 9.6% year-on-year. The April load factor was 82.4% (+1.0ppt compared to April 2023).

Size, Segmentation, Growth and Competitive Structure of the Global Insurance Broking Market

04-06-2024 Insurance iPMI Global

Worldwide, total fees and commissions earned from insurance broking activity in 2023 were worth around USD 168 billion. Market appears to have consolidated further during 2023 and this trend seems likely to continue during 2024. Close to a half of the world’s top 300 broking groups are headquartered in the US and over 80% of them are privately-owned.

Hajj 2024: International SOS Encourages Organisations to Prioritise Pilgrim Health and Safety

04-06-2024 Travel Risk Management News iPMI Global

The annual Hajj pilgrimage, a global gathering attracting over 1.8 million participants last year1, is expected to take place in Saudi Arabia from 14 to 19 June 2024. Due to the large scale of the event, ensuring the health and safety of all pilgrims requires a focus on preventive measures. Meningococcal disease has been reported in travellers returning from Saudi Arabia, highlighting the importance of adhering to the requirements.2 International SOS, the world’s leading health and security services company, encourages organisations with employees participating in the Hajj pilgrimage to ensure their workforce is aware of essential precautions for a safe and...

New Zealand: UniMed now New Zealand’s 3rd Largest Health Insurer

03-06-2024 Country Guides iPMI Global

UniMed has cemented its position as New Zealand’s third largest health insurer, with 10% of the market and more than 140,000 members, following the transfer of Accuro’s health insurance portfolio last Friday 31st May.

Axel André Joins RGA to Succeed Todd Larson as Chief Financial Officer

29-05-2024 Executive Appointments News iPMI Global

Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024. Following a brief transition period, effective August 5, the company expects to name André Chief Financial Officer (CFO), the role currently held by Todd Larson. Larson will transition into the role of Special Advisor to the CEO and will serve in that capacity until his retirement on December 31, 2024.

Insurers Decrease in Profitability and Productivity Due to Slow Adoption of Digitisation

29-05-2024 InsureTech News iPMI Global

Dajon, is predicting a sharp decrease in profitability as businesses fail to manage sustained workplace productivity. Using data which compiles the cost of document storage across core business sectors and the propensity for strategic management, Dajon is today highlighting the potential costs that will be incurred if corporates fail to become fully digital.

Lloyd’s to Collaborate with Bermuda Monetary Authority to Foster Innovation and Education Access

29-05-2024 Insurance iPMI Global

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, along with the Bermuda Monetary Authority (BMA), have committed to jointly developing an initiative for closer collaboration and alignment on sharing risk expertise between the world’s two major (re)insurance hubs. The focus will be on fostering innovation through the Lloyd’s Lab and improving access to education throughout the Lloyd’s and Bermuda market with support from the Association of Bermuda Insurers & Reinsurers (ABIR) and the Lloyd’s Market Association (LMA).

Geoff Nagle Joins MacroHealth as Vice President of Sales

29-05-2024 Executive Appointments News iPMI Global

MacroHealth, a leading healthcare fintech company announced the appointment of Geoff Nagle as Vice President of Sales. Nagle will be responsible for contributing to sales growth through expansion into new markets and identifying new strategic partnerships.

Air Cargo Demand Continues Strong Growth into Q2

29-05-2024 Travel News iPMI Global

The International Air Transport Association (IATA) released data for April 2024 global air cargo markets showing strong annual growth in demand into the second quarter (Q2). Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 11.1% compared to April 2023 levels (11.6% for international operations). This is the fifth consecutive month of double-digit year-on-year growth.

Insurers' Solar Space-Storm Risks Add to Black Swan Exposure, warns Bloomberg Intelligence

29-05-2024 Risk News iPMI Global

A major space storm could cost insurers even more than a hurricane like Katrina ($55 billion in 2005, or $90 billion today) given the capacity to interfere with radio communications, power grids, spacecraft and satellite navigation. According to a new report from Bloomberg Intelligence (BI), the May 10-12 space storm may just be a taste of what's to come, with the current solar cycle forecast to peak in 2025.

Pager, Inc. and AXA Partners Mexico (APM) Announce Strategic Partnership to Improve the Experience of APM's Health Assistance Programs

29-05-2024 Assistance News iPMI Global

Pager, Inc. and AXA Partners Mexico (APM) has announced a strategic partnership that provides new capabilities to improve the experience of APM's health assistance programs. The enhanced services are available immediately to more than two million APM beneficiaries across Mexico.

Karine Martin Appointed Global Chief Operations Officer AXA Partners

27-05-2024 Executive Appointments News iPMI Global

AXA Partners’ assistance and credit insurance operations have been given a boost by appointing Karine Martin as its new Global Chief Operations Officer. She will become a member of the Executive Committee of AXA Partners.

Zurich Partners With Further to Offer Market-First Access to Investigation, Diagnosis and Treatment of Serious Conditions

24-05-2024 Breaking News iPMI Global

Zurich has partnered with Further to offer investigation and treatment service for cancer, heart, and neurological conditions, including cover for treatment abroad at leading hospitals. Accelerate can be added to any new Zurich Life, Critical Illness or Income Protection Policy at the point of sale or at any point during the life of the policy and can be cancelled at any time, allowing advisers to meet the ongoing and changing needs of their customers.

Pacific Prime’s Global Employee Benefits Trends Report 2024 Reveals Desired Benefits Beyond Salary

24-05-2024 Breaking News iPMI Global

Global health insurance brokerage and employee benefits specialist Pacific Prime has released their 2024 Global Employee Benefits Trends Report. Catered to both HR professionals and corporations, the report offers insight into the current employee benefits landscape and tips on implementing the latest employee benefits trends to give employees a sense of belonging and improved job satisfaction. As such, the introduction of these new employee benefits trends will contribute to employee attraction and retention for employers.

Australian Medical Association Calls for Clear Reporting of Private Health Insurer Data

24-05-2024 Breaking News iPMI Global

In a submission made on Wednesday, the AMA strongly stated the importance of APRA continuing to provide the detailed quarterly reports on private health insurers given their role in our health system. APRA is proposing to change the quarterly private health insurance reports so that some statistics, including membership are not included.

83% of Employers with Overseas Staff Risk Inadequate Support with Cash Lump Sum for Benefits

24-05-2024 Breaking News iPMI Global

Research from Towergate Health & Protection into health and wellbeing support reveals that 83% of employers with overseas staff give their employees a cash lump sum for them to choose their own benefits – which, it warns, is rarely the best option.

Korea Expatriate Health Insurance: ID Verification System to Ensure Fairness in Health Insurance

24-05-2024 Country Guides iPMI Global

May 17th, 2024, Korea, and the Ministry of Health and Welfare has said based on the National Health Insurance Act, as of May 20th, 2024, an ID verification system will be implemented for people looking to access healthcare which is covered by insurance.

More Than 600,000 International Patients Visited Korea in 2023, Spurring its Growth as a Medical Tourism Hub in Asia

24-05-2024 iPMI Insights iPMI Global

The largest number since counting began in 2009, bringing the aggregate number of international patients to 3.88 million. Patients from Japan and Taiwan showed the largest growth rates from 2022 (762.8% and 866.7%, respectively).

Pacific Prime Thailand Wins AXA’s Top Sales International Broker Award

23-05-2024 Breaking News iPMI Global

International insurance brokerage Pacific Prime has been selected as the recipient of AXA’s Top Sales – International Broker Award 2024 on the 25th of April at Intercontinental Thailand. There held the AXA Awards 2024 Ceremony, themed “Journey to the Everest”, calling for all top performers to celebrate the moment of the year.

InsurTech Launches New Technology for Brokers Looking to Target Individual IPMI Business

22-05-2024 InsureTech News iPMI Global

InsurTech for the international private medical insurance (IPMI) market, Health Compass, has announced the launch of new technology that will allow brokers’ clients to quickly quote and fulfil individual IPMI business in the majority of regions around the globe.

Alex Perry CEO Bupa UK Insurance Leaving for Nuffield Health - Steve Gray Retires

17-05-2024 Executive Appointments News iPMI Global

Nuffield Health has announced that Steve Gray has decided to retire after nine years leading the Charity, and that Alex Perry, currently CEO for Bupa UK Insurance, is set to succeed him later this year.

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17-05-2024 iPMI iPMI Global

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Estimating the Size of the Private Medical Insurance (PMI) and International Private Medical Insurance (iPMI) Market by Country, and Globally

16-05-2024 iPMI Insights iPMI Global

One of the most frequently asked questions we get asked at iPMI Global is what is the size of the market for private medical insurance (PMI) and international private medical insurance (iPMI) by country, and globally?

Bluecrest Wellness Joins the Association of Medical Insurers as a New Corporate Member

16-05-2024 Breaking News iPMI Global

Bluecrest Wellness, a leading provider of private health assessments to individuals and employers has joined the Association of Medical Insurers & Intermediaries (amii) as a corporate member.

Roy Medical Assistance Announce International Medical Assistance and TPA Service Offering in Japan

16-05-2024 Assistance iPMI Global

Building on an already established medical assistance service coverage area in Asia and the Middle East, Roy Medical Assistance is the go-to partner for medical assistance, cost containment, international TPA and case monitoring in the region.

UK Registered Deaths Rise in 2023 as Longevity Volatility Main Risk to Schemes

16-05-2024 Hospitals and Clinic News iPMI Global

ONS data released today on death registrations showed that there were 581,363 deaths registered in England and Wales in 2023; this was 4,203 (0.7%) more deaths than in 2022, and 27,528 (4.7%) more deaths than the five-year average (2017 to 2022 excluding 2020).

GeoBlue® Earns URAC Accreditation in Health Utilization Management

15-05-2024 Breaking News iPMI Global

GeoBlue is proud to announce that it has earned URAC accreditation for health utilization management. URAC is the independent leader in promoting healthcare quality by setting high standards for clinical practice, consumer protections, performance measurement, operations infrastructure and risk management. By achieving this status, GeoBlue has demonstrated its commitment to quality care, enhanced processes, patient safety and improved outcomes.

Trawick International and AXA Mexico Partner on International Private Medical Insurance (iPMI)

14-05-2024 iPMI iPMI Global

Trawick International, a leader in the global insurance industry, today announced a new partnership with AXA Mexico to oversee its international private medical insurance (IPMI) offerings.

IMG Shares 2024 Summer Travel Trends and Top Destinations

14-05-2024 Travel and Tourism iPMI Global

IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, has conducted a review of customer travel plans from the beginning of June to the end of August and predicts this summer’s top 5 international destinations for U.S. travelers will be:

MENA Insurtech Summit 2024 Concludes with Success

14-05-2024 InsureTech News iPMI Global

The MENA Insurtech Summit 2024, the premier event for insurance and insurtech stakeholders in the Middle East and North Africa region, concluded on a high note, yesterday, on 13 May in Doha, Qatar. Powered by Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, and partners, the three-day summit, which was held under the theme ‘AI Impact on the Insurance Value Chain’, brought together 1,500 participants including 120 speakers, 40 insurance companies, 40 investors, 50 insurtechs, and an assembly of experts, entrepreneurs, regulators and technology partners from across the region and beyond to explore the latest...

New Zealand: Reserve Bank approves Accuro Health Insurance Portfolio Transfer to UniMed

14-05-2024 Country Guides iPMI Global

Union Medical Benefits Society Ltd (UniMed) and  (Accuro) have received approval from the Reserve Bank of New Zealand to transfer Accuro’s insurance portfolio to UniMed. This is the final step in the regulatory process for the two member-owned societies and will result in UniMed becoming New Zealand’s third largest health insurance provider, operating under two brands. With a membership of 140,000 and 100 staff, UniMed will represent 10 percent of the health insurance market once the transfer is complete.Accuro Health Insurance Society Ltd

Egypt: Universal Health Insurance Offers Opportunities For Health Insurers

08-05-2024 Country Guides iPMI Global

In this iPMI Global country guide article, author of the brand new 2024 report, The Future of International Private Medical Insurance (iPMI), Ian Youngman, looks at news out of Egypt, about universal health insurance.

MixCare Health and Pacific Prime Team up to Revolutionise Health and Wellness Benefits in Hong Kong

08-05-2024 Breaking News iPMI Global

MixCare Health, the emerging Hong Kong Insurtech, has partnered with international health insurance broker and employee benefits specialist Pacific Prime to revolutionise the delivery of health and wellness benefits for Hong Kong employers.

International Health Insurance 2024: The Future of International Private Medical Insurance (iPMI)

08-05-2024 iPMI Reports iPMI Global

Leading international private medical insurance (iPMI) business intelligence provider iPMI Global, is excited to announce the official launch of the new report, International Health Insurance 2024: The Future of International Private Medical Insurance (iPMI). The report is written by leading IPMI, insurance and global healthcare analyst Ian Youngman.

Passenger Demand Up 13.8% in March

02-05-2024 Travel News iPMI Global

In this iPMI Global travel news article, we look at data from IATA for March 2024 global passenger demand. Total demand, measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometers (ASK), was up 12.3% year-on-year. The March load factor was 82.0% (+1.0ppt compared to March 2023).

Diaspora Health Insurance Scheme for Nigerians in the UK and USA

02-05-2024 iPMI Plans iPMI Global

In this iPMI Global, plans and products article, international private medical insurance market analyst and report author Ian Youngman, takes a look at health insurance plans for Nigerians in the UK and USA.

MOROCCO: Government Passes Bill on Compulsory Basic Health Insurance

02-05-2024 Country Guides iPMI Global

In this iPMI Global regional country update, international private medical insurance (iPMI) market analyst Ian Youngman, looks at news that the government in Morocco has passed a bill on compulsory health insurance.

Quebec Health Insurance Plan for International Students

02-05-2024 iPMI Plans iPMI Global

In this iPMI Global, plans and products article, international private medical insurance market analyst and report author Ian Youngman, looks at health insurance plans for international students visiting Quebec, Canada.

New Study Shows UK Employers Continue to Prioritise Employee Benefits Despite Intense Cost Pressures

02-05-2024 Private Medical Insurance & Employee Benefits iPMI Global

In this iPMI Global, Private Medical Insurance In Focus article, leading private medical insurance analyst, Ian Youngman, looks at news from the UK, that employers continue to prioritise employee benefits, even though costs are a big concern.

ABTA Says Big Increase in Air Ambulance and Medical Costs Abroad Makes Travel Insurance Even More Essential

02-05-2024 Air Ambulance News iPMI Global

ABTA – The Travel Association is reminding customers travelling overseas to take out travel insurance as soon as they book their trip, after data shows the medical costs travellers without insurance could face have risen substantially since 2019.

HONG KONG: Most Employers Say They Seek to Increase Insurance Benefits for Employees

02-05-2024 Country Guides iPMI Global

In this iPMI Global regional country update, international private medical insurance (iPMI) market analyst Ian Youngman, looks at news that most employers in Hong Kong are seeking to increase insurance benefits for employees.

AIA Singapore Launches Wealth Centre to Serve Domestic and Regional HNWIs and Wealthy Families Including International Private Medical Insurance

02-05-2024 Country Guides iPMI Global

In this iPMI Global regional country update, international private medical insurance (iPMI) market analyst Ian Youngman looks at news from AIA Singapore, who have launched a wealth centre to serve domestic and regional HNWIs and wealthy families.

Allianz Partners Reports Record 2023 Performance with Growth in All Business Segments

24-04-2024 Company Results News iPMI Global

Allianz Partners has announced its full year 2023 results with 9.3 billion euros in total revenue and an operating profit of 301.2 million euros. This is the strongest financial performance in Allianz Partners’ history. All lines of business reported sustained growth – powered by surging international travel, double-digit growth in Mobility & Assistance, and record 23.4% growth in Allianz Partners’ Health business.

Trawick International GmbH Announces Strategic Partnership with Zurich Benelux to Bolster Student Insurance Offerings

24-04-2024 iPMI iPMI Global

Trawick International GmbH, a subsidiary of Trawick Holdings, LLC, an industry-leading international insurance company, has announced a strategic relationship with insurer Zurich Benelux.

NEW ZEALAND: Health Funds to Merge to Form Country's 3rd Biggest Health Insurer

24-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look news that the Reserve Bank of New Zealand (RBNZ) has approved the transfer of Accuro Health Insurance Society Ltd's insurance portfolio to Union Medical Benefits Society Ltd (UniMed).

Comparison Service for Health Insurance, Life Insurance and Income Protection Joins Association of Medical Insurers

24-04-2024 Breaking News iPMI Global

Usay Compare, a leading comparison service for health insurance, life insurance and income protection has become the latest corporate member to join the Association of Medical Insurers (amii).

Jubilee Insurance Launches iPMI For Expatriates, High Net-Worth Clients

24-04-2024 iPMI Plans iPMI Global

In this iPMI plans and products article, international private medical insurance market analyst and report author Ian Youngman, looks at news that Jubilee Insurance has launched international private medical insurance cover for high net worth individuals and expatriates.

Swiss Re Launches Swiss Re Life Guide Scout, A Generative AI-Powered Underwriting Assistant

24-04-2024 InsureTech News iPMI Global

Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response to questions asked by the underwriter in natural language.

UnitedHealth Group Reports First Quarter 2024 Results

24-04-2024 Company Results News iPMI Global

UnitedHealth Group (NYSE: UNH) has reported first quarter 2024 results reflecting broad-based growth at Optum and UnitedHealthcare, medical care activity consistent with expectations and the impact of the recent cyberattack on Change Healthcare.

Allianz Completes Transaction to Sell 51% Stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC)

24-04-2024 Mergers and Acquisitions News iPMI Global

Allianz Group has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The signing of a binding agreement was initially reported on September 28, 2023.

Ireland: Aviva to Launch Health Insurer

22-04-2024 Private Medical Insurance & Employee Benefits iPMI Global

In this Private Medical Insurance In Focus article, leading private medical insurance analyst, Ian Youngman, takes a look at news that Aviva is set to launch a new health insurance business in Ireland.

Egypt: Phase 2 of Universal Health Insurance Launched

22-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look news that phase 2 of universal health insurance has been launched in Egypt.

Argentina: Price Caps and Controls on the Costs of Private Health Insurance Plans Were Eliminated, Leaving Prices to Rise By 40%

22-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look at healthcare reform, price caps and controls in Argentina.

Saudi Arabia: Only Saudis Can Sell Insurance

22-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look news that in Saudi Arabia, only Saudi nationals can take up sales positions in the insurance industry. This will change the international private medical insurance and private medical insurance market in Saudi.

Türkiye: New Digital Nomad Visa Is Restrictive on Who They Want

22-04-2024 Digital Nomads Insurance iPMI Global

In this iPMI Global digital nomads insurance article, international private medical insurance report author and market analyst Ian Youngman, takes a look news a new digital nomads visa in Türkiye comes with restrictions.

Pivot Health Launches Proprietary Short-Term Medical Insurance Product Underwritten by Pan-American Life Insurance Company

22-04-2024 iPMI Plans iPMI Global

Pivot Health by HealthCare.com, a leader in technology-enabled health insurance solutions, announced it has partnered with Pan-American Life Insurance Company (PALIC) to market short-term medical (STM) insurance in more than 25 states.

India: People Over 65 Can Now Buy Health Insurance

22-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look news that people in India can now purchase health insurance.

Colombia's Healthcare Services Regulator Assumes Administrative Control of Health Insurance Providers

17-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, international private medical insurance report author and market analyst Ian Youngman, takes a look news that Colombia's healthcare services regulator has assumed control of health insurance providers.

IMG Sends Employees on Fifth Corporate Service Trip with School the World

17-04-2024 iPMI iPMI Global

IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, is excited to highlight the success of its 2024 corporate service trip with School the World, a nonprofit organization focused on providing access to quality education in Central America. As part of its sponsorship with School the World, IMG sent seven employees on a week-long service trip to Northern Panama to assist in building a new school and playground.

AIA New Zealand Expands Health Insurance Cover

17-04-2024 iPMI Plans iPMI Global

In this iPMI plans and products article, international private medical insurance market analyst and report author Ian Youngman, looks at news that has expanded its health insurance cover.

MWG International Enters Medical Insurance Market in Jamaica

17-04-2024 Country Guides iPMI Global

In this iPMI Global regional country guides article, iPMI report author and market analyst Ian Youngman, takes a look news that MWG International Enters has entered the Medical Insurance Market in Jamaica.

Pacific Prime Affirmed as Top Individual Producer of Allianz for 4 Consecutive Years

17-04-2024 Breaking News iPMI Global

International insurance brokerage Pacific Prime was awarded the Top Individual Producer Award 2024 by Allianz. On the 18th of March, the Allianz team visited Pacific Prime’s office in Dubai to present the award to acknowledge their exceptional performance in offering international health insurance solutions to individual clients worldwide.

Passenger Demand Up 21.5% in February

15-04-2024 Travel News iPMI Global

The International Air Transport Association (IATA) released data for February 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 21.5% compared to February 2023. Total capacity, measured in available seat kilometers (ASK), was up 18.7% year-on-year. The February load factor was 80.6% (+1.9ppt compared to February 2023).

Discovery Launches iPMI with Local Zambian Insurer

12-04-2024 iPMI Plans iPMI Global

In this iPMI plans and products article, international private medical insurance market analyst and report author Ian Youngman, looks at news out of Zambia, that Discovery has launched iPMI with a local insurer partnership.

Towergate Health & Protection: 57% of Companies Offer the Same Benefits to Overseas Employees as Those in the UK

11-04-2024 Breaking News iPMI Global

New research from Towergate Health & Protection, reveals that 57% of companies with overseas employees are opening themselves up to various potential issues by offering the same health and wellbeing support to those working abroad as to those based in the UK. Issues arise as those employees working abroad will generally need, and be entitled to, different support compared to those working in the UK.

Watch Now: Maximizing CX in Cross-Border Insurance Payments Webinar

11-04-2024 iPMI TV iPMI Global

Navigating global insurance payments isn't easy, yet payments play a pivotal role in customer experience (CX) given they are the most frequent and important insurance interaction. When we look at the traditional approach to cross-border payments, the complexity and high costs can leave you short of meeting customer needs while risking churn.

Video: Why You Should Audio Visualise Your News Story With iPMI Global

11-04-2024 iPMI TV iPMI Global

iPMI Global CEO Christopher Knight explains the benefit of audio visual digital marketing and advertising for the international private medical insurance market.

Video: Thailand Launches Travel Medical Insurance for Tourists

11-04-2024 iPMI TV iPMI Global

In this iPMI Global Plans and Products video, iPMI market analyst and report author Ian Youngman takes a look at news that Thailand has launched Travel Medical Insurance for Tourists.

Video: Bupa and Mapfre Launch iPMI Plans in Paraguay

11-04-2024 iPMI TV iPMI Global

In this iPMI Global Plans and Products video, iPMI market analyst and report author Ian Youngman takes a look at news that Bupa and Mapfre have launched IPMI plans in Paraguay.

Video: Mandatory Private Medical Insurance for Japan’s New Digital Nomad Visa

11-04-2024 iPMI TV iPMI Global

In this iPMI Global Digital Nomads Insurance In Focus video, iPMI report author and market analyst Ian Youngman, takes a look at news that Japan has mandated private medical insurance cover under its new Digital Nomad Visa.

Travel & Tourism Set to Break All Records In 2024

11-04-2024 Travel News iPMI Global

The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. 

AXA Partners Launches “Real Life Stories”

11-04-2024 Assistance News iPMI Global

AXA Partners, a global player in assistance service, travel insurance and credit and lifestyle protection today launched the second episode of “Real Life Stories,” a series showcasing the company’s work to help customers overcome significant challenges.

Welcome To iPMI Global

iPMI Global is the leading business intelligence provider for international private medical, health, travel and expatriate insurance markets worldwide. Due to the nomadic nature of the international private medical insurance (IPMI) market, iPMI Global is an internet based news service for worldwide insurance and medical assistance professionals who need to understand the impacts of insurance and healthcare policy, regulatory, and legislative developments.

Senior level business executives, in over 120 countries, rely on iPMI Global to stay 1 step ahead of the risk and on the inside track of international PMI.

Covering business travellers, high net worth individuals, expatriate and leisure travel markets, iPMI Globalis the only international news source covering the most exciting sector of international health insurance: international private medical insurance.

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