Posts Tagged ‘PMI’
For international health insurers, 2013 will see the continued challenge of offering affordable but comprehensive IPMI plans. A report on healthcare predictions in 2013, from Jelf Employee Benefits, names several reasons for the continuing predicament, including a broadening of mainstream destinations, increasing demand for additional benefits and an increase in the complexity of local markets. [...]
As part of its annual product review, Allianz Worldwide has added a range of deductibles to its Core Plans product range for individual customers. The provider is also set to increase its premium base rate by 5 percent for the majority of group and individual international private medical insurance plans. Core Plans, which primarily cover in-patient [...]
For intermediaries and employee benefits consultants (EBCs) in the UK 2012 has continued to be a tough year. While there is the possibility of growth in the UK corporate healthcare market, it remains static and will likely stay that way for the short to mid-term. With the Eurozone still in crisis, traditional iPMI markets in [...]
As more and more people consider looking abroad for medical treatment two new PMI products offer funding opportunities. In June this year a new product was launched onto the private medical insurance (PMI) market which combines UK diagnostics with foreign treatment in a complete package. Passport2Health is offering individual and corporate clients a PMI plan [...]
Industry experts have warned the rising cost of individual private medical insurance (PMI) is strangling the market. The cost of PMI has risen 40% over the last decade. While corporate PMI is doing well, it seems individual PMIs are falling behind, noted Mark Noble, health and group risk director at Aviva UK Health. Speaking at the [...]
Private medical insurers are rapidly realizing they need to do more than simply pay claims. Without extras on offer, healthy clients would wonder why they are paying so much for so little, and possibly reconsider renewing their insurance. With this in mind, health insurers are starting to provide a suite of policy “extras”. Once insurers [...]
A recently launched guide aims to make choosing private medical insurance (PMI) easier. The 16 page booklet, from the Association of British Insurers (ABI), aims to simplify the process of buying PMI. Expat Health’s recent post about the complexity of insurance products showed that the majority of consumers don’t understand PMI products. These guidelines should [...]
IMG International has launched a new health insurance plan with a bizarre bonus benefit. The Patriot Green Plan includes a policy rider providing for a donation to the insured’s environmental organization of choice in the event of accidental death or dismemberment. Patriot Green is designed for groups of 5 or more environmentally-conscious travelers, and includes [...]
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