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iPMI Market Interviews

Interviews

iPMI Global Speaks with Ross Walker, COO, Global Individual Health Business, Cigna Healthcare

In this exclusive iPMI Global interview, Christopher Knight, CEO, iPMI Global, met with Ross Walker, COO, Global Individual Health Business at Cigna Healthcare. They discussed 2023 in detail and looked at the achievements of Cigna Healthcare.

19-12-2023 iPMI Global

Interviews

iPMI Global Speaks with Sumit Gaurav, CEO, Roy Medical Assistance

In this exclusive iPMI Global interview, Christopher Knight, CEO, iPMI Global, met with Sumit Gaurav, CEO, Roy Medical Assistance. They discussed 2023 in detail and looked at the achievements of Roy Medical Assistance in the international medical assistance market, over the past year.

19-12-2023 iPMI Global

International Private Medical Insurance

iPMI Insights

Black Friday with iPMI Global: Save on 2 Major Market Research Reports

International Health Insurance 2024: The Future of International Private Medical Insurance (iPMI) The 2024 iPMI report on the international private medical insurance (iPMI) market, authored by Ian Youngman. The report analyses iPMI market trends, including growth drivers like high-net-worth individuals and international students, and the impact of partnerships and technological advancements. It also profiles 177 countries, 85 insurance companies, and 49 brokers/MGAs. The report is available for purchase in full or modular formats, with discounts for advertisers and subscribers. Accompanying news...

29-11-2024 iPMI Global

iPMI Insights

Global Factors Contributing to Rising International Private Medical Insurance Premiums

In this iPMI Global Insights article, iPMI analyst Christopher Knight reads Pacific Prime’s new iPMI report, which explores the global factors that are contributing to the rising cost of international private medical insurance. The report analyses trends in individual and family International Private Medical Insurance (IPMI) premiums across 100 locations, highlighting key global and regional factors influencing these costs.

12-11-2024 iPMI Global

iPMI Insights

Analysing iPMI Premiums for Individual and Family Plans Across 100 Global Locations

Pacific Prime, a global health insurance brokerage and employee benefits specialist, has released its annual Cost of International Health Insurance (COHI) Report 2024, analyzing IPMI premiums for individual and family plans across 100 global locations.

12-11-2024 iPMI Global

Expatriate Healthcare Insurance News

Expat Employees in Middle East Call for Workplace Pension Schemes

A survey of 1,504 expatriate workers in Qatar, Saudi Arabia and the United Arab Emirates has highlighted contrasting views on workplace benefits. While 84% of those surveyed cited the benefits offered by their employer as playing a role in their decision to move to the Gulf, there is widespread dissatisfaction with the region’s End of Service Gratuity (EoSG) system. These one-off severance payments, a common practice in the Gulf Cooperation Council (GCC) region, are deemed insufficient for meeting retirement needs by 60%...

12-11-2024 iPMI Global

Country Guides

Everest Insurance International® Unveils New Health Insurance Partnership to Transform Employee Care in Singapore

Everest Insurance International has enhanced its growing Accident and Health (A&H) offerings with the launch of Innovator, an AI-driven international private medical insurance product that aims to redefine the standards of employee health coverage. The product is first available in Singapore and was developed in collaboration with DocDoc and AXA Life and Health Reinsurance Solutions.

10-11-2024 iPMI Global

Country Guides

Navigating the LATAM iPMI Market with Best Doctors Insurance

In the iPMI Global Regional article, we discover how Best Doctors Insurance can help expatriates, travellers and tourists navigate the healthcare systems in Latin America. We review the key themes and insights from an interview with Sheldon Kenton, CEO of Best Doctors Insurance, published by iPMI Global. The interview focuses on the company's position in the Latin American international private medical insurance (IPMI) market, highlighting its strategies, the challenges, and opportunities.

08-11-2024 iPMI Global

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

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.

People requiring an air ambulance will now find that the cost of being flown safely home on a long haul flight will now cost more than twice the amounts charged in 2019.

In some instances customers who have fallen seriously ill or had a major accident will need to be flown home in an air ambulance, with the necessary high quality medical assistance. In 2019, an air ambulance from the European Union back to the United Kingdom cost between €15,000-20,000 - this rose in 2023 to between €25,000 and 30,000. Worldwide costs are even higher, rising in 2019 from €35,000-40,000 to in 2023 €75,000-85,000*, more than doubling.

These air ambulance and other medical costs should be covered by a comprehensive travel insurance policy. 

Customers may sometimes rely solely on the General Health Insurance Card (GHIC) , which allows UK citizens access to state medical care in the EU and a handful of other destinations. However, not all of these services are provided free of charge and air ambulance costs are not covered by GHIC, nor is the UK government under any obligation to cover any medical costs. This means that if you don’t have travel insurance, then you are liable to pay the full costs yourself, along with any other medical treatment.

ABTA is encouraging people to take out travel insurance as soon as they book their trip – that way you are covered straight away, including if you have to cancel for an unforeseen reason, like illness.

It is also important to check that any activities you plan to do are covered by the policy and specialist insurance for activities such as winter sports is purchased. Customers should also always declare any pre-existing medical conditions at the time of taking out the insurance policy or risk invalidating their cover.

Graeme Buck, ABTA’s Director of Communications, said: 

“Every year we see very sad stories of uninsured people who have fallen ill or had an accident whilst overseas and are running up large medical bills. 

“They often resort to setting up a Go Fund Me page or similar, but they will now find they need to raise substantially more money, with air ambulance and other medical costs having gone through the roof.

“It is simply not worth the risk of financial ruin, simply to save a few pounds, so always take out travel insurance at the time of booking your holiday or other travel arrangements.”

Jennifer Anderson, Director for Consular & Crisis, Foreign, Commonwealth and Development Office said:

“Travelling without insurance can be expensive and distressing if things do go wrong when you are abroad. 

“The good news is that purchasing the right travel insurance does not take long and could save you a lot of money and stress. 

“I encourage anyone booking travel to make sure your travel insurance covers the places you visit, the duration of your visit and any planned activities and do disclose any medical conditions so your cover remains valid.”

The Air Ambulance costs were provided by AXA Assistance UK Ltd

*Approximates to @£65,000--£74,000 at an average exchange rate of €1 £0.87 in 2023.

ABTA is a trade association for UK travel agents, tour operators and the wider travel industry. We’re the largest travel trade body, with over 4,600 travel brands in membership who have a combined pre-pandemic annual UK turnover of £40 billion. We work closely with our members to help raise and maintain standards and build a more sustainable travel industry, and provide travellers with advice, guidance and support.

Our members sign up to a code of conduct and commit to agreed service standards and fair trading. When you need clear travel information, and accurate and impartial advice relating to your trip, we’re here for you. When you book with an ABTA member, reliable advice comes as standard. This means that booking with our members brings peace of mind.

For more info visit: www.abta.com

UnitedHealthcare Global
Cigna
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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 Global is the only international news source covering the most exciting sector of international health insurance: international private medical insurance.

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