CarePay International, a leading innovator in next-generation health insurance platforms, has successfully raised €10 million in fresh funding from Reinsurance Group of America (RGA) and the Health Insurance Fund (HIF), a fund supported by the Ministry of Foreign Affairs of the Netherlands. This crucial investment will accelerate the company's international expansion and innovation.

A recent report by the Dubai Health Authority (DHA) has highlighted remarkable growth in the health tourism sector in Dubai in 2023. This upsurge is evident in the increased number of tourists seeking medical treatment in Dubai and their significant spending on a range of healthcare services.

AM Best has withdrawn the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb" (Fair) of Accuro Health Insurance Society Limited (Accuro) (New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.

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.

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.

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.

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.

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.

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.

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.