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iPMI Market Interviews

Interviews

iPMI Global Speaks with Isabelle Moins, Head of IPMI, Europe and Romain Di Meglio, Head of IPMI, Asia and the Middle East, APRIL Group

In this exclusive iPMI Global interview, Christopher Knight, CEO, iPMI Global, met with Isabelle Moins, Head of IPMI, Europe and Romain Di Meglio, Head of IPMI, Asia and the Middle East at the APRIL Group. They discussed 2023 in detail and looked at the achievements of the APRIL Group over the past year.

16-01-2024 iPMI Global

Interviews

iPMI Global Speaks with Sheldon Kenton, CEO, Best Doctors Insurance

In this exclusive iPMI Global interview, Christopher Knight, CEO, iPMI Global, met with Sheldon Kenton, CEO, Best Doctors Insurance. The interview covers the company's history, its focus on superior service delivery, its strategies for navigating the dynamic Latin American market, and its use of technology to enhance patient care and provide personalized solutions. Kenton highlights the growing demand for flexible and portable insurance plans and the importance of partnerships with top-tier medical providers, emphasizing Best Doctors' commitment to providing exceptional...

08-11-2024 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

European Tourism Draws Close to Pre-Pandemic Levels in 2023

  • Foreign tourist arrivals to Europe were 1.6% below 2019 figures in the final quarter of 2023.
  • Inflationary pressures did not deter travel enthusiasm last year, despite significant increases in costs across the aviation and accommodation sectors.
  • Chinese arrivals to Europe displayed a moderate recovery in 2023, standing at 67% below 2019 levels.

Towards the end of 2023, European tourism continued its robust recovery, nearing pre-pandemic levels despite inflationary pressures. Across reporting destinations, foreign tourist arrivals stand at 1.6% below 2019 figures, with nights 0.6% below, showcasing a resilient travel demand across the continent – a trend which is expected to continue into 2024.

This is according to the latest edition of the ‘European Tourism Trends & Prospects’ quarterly report released by the European Travel Commission (ETC), which looks at the region’s tourism performance and economic indicators over the last months of 2023.

The recovery is fuelled by strong intra-European travel, primarily from Germany, France, and the Netherlands. Long-haul arrivals are also bouncing back, but at a slower pace and showing significant variations between regions such as the Asia-Pacific and North America.

Commenting following the publication of the report, Miguel Sanz, ETC’s President, said, “The high travel demand seen in 2023 provided a significant boost to European economies and will help improve the balance sheets of tourism companies, which were hard hit by travel restrictions.

“European travel remained resilient in the last months of 2023, with two-thirds of destinations reporting either a full recovery or recording arrivals and/or overnights within 10% of pre-pandemic levels.”

Among these, Southern European destinations continue to be the frontrunners, boosted by favourable weather extending into the shoulder season. Serbia saw the largest surge in arrivals (+15%), alongside Portugal (+11%), Montenegro (+10%), Türkiye (+9%), and Malta (+8%).

Other countries also achieved a significant rebound compared to 2019: Iceland saw a 12% increase in arrivals even amidst volcanic eruptions, while the Netherlands grew tourist nights by 16% despite a smaller 2% rise in arrivals, indicating longer stays.

In contrast, Eastern European destinations bordering Russia experienced a slower rebound, with countries like Lithuania (-32%), Latvia (-29%), Estonia (-27%), and Finland (-24%) lagging behind.

While Chinese tourists represented 13% of Europe's long-haul arrivals in 2019, their return since China’s reopening has been slow but steady. Chinese arrivals in 2023 stand at 67% below pre-pandemic levels, compared to the 22% average for all other long-haul source markets.

Aside from capacity bottlenecks, Chinese travellers have remained risk-averse over the past year, swaying more towards domestic travel. European destinations can anticipate seeing further rebound from this market in 2024, predicted to reach 39% below 2019 figures. It is also expected that generational changes and social media influences will increasingly reshape Chinese travel preferences, sparking a shift towards luxury and more authentic experiences.

On the contrary, North American markets, such as the US and Canada, have seen significant recovery. Two-thirds of European destinations have reported growth in arrivals and/or overnights from the US, while over half have seen the same for Canada.

The European Travel Commission (ETC) represents the national tourism organisations of Europe.

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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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