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iPMI Market Interviews

Interviews

Ensuring Premium Payment Security: A Q & A with Flywire CTO David King

As Flywire continues to make inroads in the global insurance market – one of its strongest value propositions for global insurers is the extremely high level of payment security its platform and infrastructure provide. In this interview, we talk to Flywire CTO David King, a payment security pioneer and permanent influencer, on what global insurers need to be mindful of in payment security for 2024.

12-02-2024 iPMI Global

Interviews

iPMI Global Speaks with Michael Nole, Executive Vice President Sales and Marketing, World Travel Protection

iPMI Global Speaks with Michael Nole, Executive Vice President Sales and Marketing, World Travel Protection

In this exclusive iPMI Magazine interview, Christopher Knight, CEO, iPMI Magazine, met with Michael Nole, Executive Vice President Sales And Marketing At World Travel Protection. They discussed in detail the range of travel risk management services on offer from World Travel Protection, and how they provide vital support for business travellers and expats.

31-08-2022 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

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

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.

The report, ‘A Global State of Mind’, detailed findings from a study of 1,458 non-native workers across 16 countries, and finds that almost half (49%) of non-native employees have experienced burnout as a result of their job, along with a range of mental health conditions:

  • 54% report trouble sleeping
  • 53% report a loss of interest or pleasure in usual activities
  • 51% difficulty concentrating
  • 48% report feelings of worthlessness
  • 48% report a loss of self-confidence
  • 37% report appetite or eating disorders

Incidence of mental health conditions among non-native workers has risen by 10% since 2022, yet there has been a 9% decrease in the number of non-natives seeking professional help to support their wellbeing. Over a third (38%) are self-managing their condition; an interesting result given that more than a quarter (29%) were dissatisfied with their company’s psychological support services. However, 62% of those who self-manage their mental health have admitted that their conditions are not well-managed.

The findings make clear that non-native employees are struggling significantly more with their mental health than working natives. Non-native workers are 22% more likely than natives to attribute their mind health conditions to working factors, and are also more likely to experience symptoms, such as a loss of pleasure in usual activities (18%), feelings of worthlessness (20%) and appetite or eating disorders (16%).

More than a quarter (27%) of non-native employees have been on sick leave once or more for problems relating to their mind health over the last 12 months – 17% higher than sickness rates among their native peers. Non-natives are also 50% more likely to have been on sick leave multiple times across the last year.

The findings paint a troubling picture of an increasingly unhappy non-native workforce struggling with burnout, sickness and disengagement at work. Employers must invest in the right support and take proactive steps to close the mind health gap between their native and non-native employees or face significant consequences to staff retention and business success.

Speaking on the findings, Xavier Lestrade, CEO of AXA - Global Healthcare commented, “It’s a concerning trend to see that mind health among the non-native community has been worsening year-on-year. The pandemic years have impressed upon employers the need to support good health among their employees, but effective mental health support is becoming paramount for companies to create a healthy working environment.

“Health insurance policies which offer dedicated mental health support in multiple languages can help businesses to bridge the wellbeing gap for their non-native workforce, ensuring that the experience of working overseas remains successful and rewarding for both individuals and businesses worldwide.”

To read the full findings of the 2024 Global Mind Health Report, please visit: https://www.axaglobalhealthcare.com/en/reports/mindhealth-reports/ 

AXA has been protecting the healthcare needs of globally mobile citizens for more than 60 years. Offering cross-border health insurance to businesses and private individuals, we support customers living in more than 190 countries.  Our constantly evolving propositions build upon decades of experience in global healthcare and the local knowledge and capabilities of AXA’s healthcare businesses across the world. We offer customers care and support though a 24/7 global virtual doctor service, second medical opinion and personal case management services as well as evacuation and repatriation assistance. And to make sure customers get speedy access to medical treatment wherever they are in the world, they have access to AXA’s global medical network.  

AXA - Global Healthcare is committed to driving a diverse workforce and promoting gender equality. We are part of the AXA Group – a global insurance company with more than 93 million clients worldwide.

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

UnitedHealthcare Global
Cigna
Flywire

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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