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iPMI Market Interviews

Interviews

iPMI Global Speaks with Neil Kirby, CEO, Global Individual Health, Cigna International

In this exclusive iPMI Global interview, Christopher Knight, CEO, iPMI Global, met with Neil Kirby, CEO of Global Individual Health at Cigna International. Kirby discusses the growth of the international private medical insurance (iPMI) market, the challenges facing both insurers and consumers, and the role of Cigna International in providing solutions. He highlights the importance of understanding customer needs, delivering a frictionless service model, and educating customers on preventative healthcare options. Kirby also emphasizes the need for collaboration between insurers and...

18-10-2024 iPMI Global

Interviews

iPMI Global Speaks With Sheldon Kenton, Group Chief Executive Officer, Global Benefits Group

iPMI Global Speaks With Sheldon Kenton, Group Chief Executive Officer, Global Benefits Group

In this exclusive iPMI Magazine interview, Christopher Knight, CEO, iPMI Global, met with Sheldon Kenton, Group Chief Executive Officer, Global Benefits Group. They discussed in detail the future development of Global Benefits Group, recent acquisitions, and the role of Further Global in the brand.

04-10-2022 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

Passenger Recovery Continues in November

Total traffic in November 2022 (measured in revenue passenger kilometers or RPKs) rose 41.3% compared to November 2021. Globally, traffic is now at 75.3% of November 2019 levels.

International traffic rose 85.2% versus November 2021. The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year. November 2022 international RPKs reached 73.7% of November 2019 levels.

Domestic traffic for November 2022 was up 3.4% compared to November 2021 with travel restrictions in China continuing to dampen the global result. Total November 2022 domestic traffic was at 77.7% of the November 2019 level.

“Traffic results in November reinforce that consumers are thoroughly enjoying the freedom to travel. Unfortunately, the reactions to China’s reopening of international travel in January reminds us that many governments are still playing science politics when it comes to COVID-19 and travel. Epidemiologists, the European Centre for Disease Prevention and Control and others have said that the reintroduction of testing for travelers from China can do little to contain a virus that is already present around the world. And China’s objections to these policy measures are compromised by their own pre-departure testing requirements for people traveling to China. Governments should focus on using available tools to manage COVID-19 effectively—including improved therapeutics and vaccinations—rather than repeating policies that have failed time and again over the last three years,” said Willie Walsh, IATA’s Director General.

AIR PASSENGER MARKET
DETAIL- NOVEMBER 2022

WORLD SHARE​1 RPK ASK PLF(%-PT)​2 PLF (LEVEL)​3
Total Market
100%
41.3%
23.8%
10.0%
80.8%
Africa
1.9%
84.5%
51.7%
13.3%
74.8%
Asia Pacific
27.5%
68.4%
31.3%
17.0%
77.0%
Europe
25.0%
37.0%
19.6%
10.6%
83.8%
Latin America
6.5%
27.8%
27.6%
0.2%
82.0%
Middle East
6.6%
77.9%
41.3%
15.9%
77.5%
North America
32.6%
19.6%
13.3%
4.4%
83.2%

1) % of industry RPKs in 2021    2) Year-on-year change in load factor    3) Load Factor Level 

International Passenger Markets

Asia-Pacific airlines had a 373.9% rise in November traffic compared to November 2021, which was the strongest year-over-year rate among the regions. Capacity rose 159.2% and the load factor was up 35.9 percentage points to 79.2%.

European carriers’ November traffic climbed 45.3% versus November 2021. Capacity increased 25.1%, and load factor moved up 11.6 percentage points to 83.6%, highest among the regions.

Middle Eastern airlines saw an 84.6% traffic rise in November compared to November 2021. November capacity increased 45.4% versus the year-ago period, and load factor climbed 16.5 percentage points to 77.7%.

North American carriers experienced a 69.9% traffic rise in November versus the 2021 period. Capacity increased 45.5%, and load factor climbed 11.6 percentage points to 81.0%.

Latin American airlines’ November traffic rose 59.2% compared to the same month in 2021. November capacity climbed 55.6% and load factor increased 1.9 percentage points to 82.9%.

African airlines had an 83.5% rise in November RPKs versus a year ago. November 2022 capacity was up 48.4% and load factor climbed 14.2 percentage points to 74.3%, the lowest among regions.

Domestic Passenger Markets

NOVEMBER 2022
(% YEAR-ON-YEAR)

WORLD SHARE1 RPK ASK PLF (%-PT)​2 PLF (LEVEL)​3
Domestic
62.3%
3.4%
-3.1%
5.1%
80.7%
Domestic Australia
0.8%
190.0%
90.5%
29.0%
84.4%
Domestic Brazil
1.9%
5.1%
7.0%
-1.4%
80.9%
Domestic China P.R.
17.8%
-38.8%
-41.6%
-2.9%
64.0%
Domestic India
2.1%
11.1%
0.5%
8.4%
87.9%
Domestic Japan
1.1%
37.3%
17.7%
10.8%
75.5%
Domestic US
25.6%
5.0%
2.2%
2.3%
84.0%

1) % of industry RPKs in 2021    2) Year-on-year change in load factor    3) Load Factor Level 

Brazil’s domestic RPKs rose 5.1% in November compared to November 2021 and are now at 96.2% of 2019 levels.

US domestic traffic climbed 5.0% in November compared to November 2021, pushing it to 99% of the November 2019 level.

NOVEMBER 2022(% CH VS THE SAME MONTH IN 2019) WORLD SHARE1 RPK ASK PLF (%-PT)​2 PLF (LEVEL)​3
TOTAL MARKET
100.0%
-24.7%
-24.6%
-0.1%
80.8%
International
37.7%
-26.3%
-28.9%
0.7%
80.9%
Domestic
62.3%
-22.3%
-20.8%
-1.5%
80.7%

1) % of industry RPKs in 2021    2) Change in load factor vs same month in 2019    3) Load Factor Level 

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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