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A report released by Deloitte L.L.P. on Tuesday has revealed good news for several sectors of the insurance industry. According to the report, titled ‘The Top 10 Issues for Insurance M&A in 2013: Time for Mergers and Acquisitions to Take Off?’ the insurance industry should be seeing an increase in mergers and acquisitions in certain sectors this year. Read more

Globalsurance customers recently received good news with the release of Bupa‘s updated premiums that will take effect on April 1st. The premium adjustments reflect Bupa’s ability and commitment to keeping their plan pricing stable and strong. The company’s proven consistency in what they are able to offer customers is good news for the many loyal Bupa customers who have stuck with with the leading international health insurance provider. Read more

Health insurance providers looking to expand their operations internationally have been looking to Africa for potential opportunities. The latest news to come from this region refers to two health insurance powerhouses, InterGlobal and UnitedHealthcare International, a UnitedHealth Group business.

InterGlobal has established a new partnership with the insurance broker SATIB, which operates primarily in the Southern Africa region, to assist in designing and creating Aloe Healthcare Insurance plans. These plans aim to meet the special and unique requirements of companies working in Africa’s tourism industry, and will be marketed by SATIB while being underwritten and administered by InterGlobal.

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We talk about a fiscal cliff, but the United States’ financial problems are really more like a picture by M.C. Escher – the government keeps going round and round, and for every fiscal cliff avoided, there’s another one just around the corner. Although the federal government avoided billions of dollars in cuts just last month, the next cliff is coming – at the end of the week, to be precise.

On Friday, automatic cuts will kick in, and Washington must reduce spending by $85 billion in order to, say, keep the military running. The President and Congress are spending this week in a flurry of budget meetings to discuss how to save the country from financial ruin – higher taxes, cuts in defense, education and public workers are just some ideas on how to prevent the crisis. Of course, as always, health care reform is also on the table. Read more

2013 is looking to be another promising year for insurance giant Cigna, as the company continues to win prestigious awards, bring in new leadership in key regions and expand services to win new clients.

In January, Cigna Global Health Benefits Asia-Pacific received the “Employee Benefits and Services Provider of the Year” award at the annual Asian Expatriate Management and Mobility Award in Hong Kong. These awards are often considered the “Oscars” of the international mobile profession. Cigna’s award demonstrates the company’s overall superiority in the area of employee health insurance.
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Classic television programs like Men Behaving Badly and Only Fools and Horses may give casual viewers the impression that British men do little more than drink beer, eat crisps and get into trouble with their girlfriends. Luckily, the state of manhood in the United Kingdom is not nearly so dire as all that. A recent study by UK Cancer Research, however, does indicate that when it comes to health, British men should not get too comfortable with their current lifestyle choices. Read more

RSA (Royal & Sun Alliance) have released a new Home Insurance plan in China called Private Client Insurance. Home Insurance is something that has rarely been purchased in the past in China, with local Chinese people giving it little attention or importance. It is only now becoming more recognised as an important form of insurance for home-owners and renters, which should see an increase in insurers offering quality Home Insurance plans in China in the future. Read more

Coverage from top insurers,  such as Cigna, can often involve high premiums as benefits are generous and the levels of servicing offered are of the highest quality.  The “Global Health Options” (GHO) issued by Cigna roughly one year ago was aimed at such clients looking for high quality health insurance. Now, Cigna is aiming to provide health insurance that will appeal to clients who may not be able to afford high end plan premiums and have launched their latest product, the GHO “Advance”. The benefits of this plan have been reduced slightly, but the premium is much more appealing while still incorporating the level of service that is normally associated with Cigna.

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If you have ever driven a car, or turned on a stove, chances are that the gas came from the Gulf Cooperation Council. Encompassing six nations (Bahrain, Kuwait, Oman, Qatar, the UAE and Saudi Arabia ), the Gulf Cooperation Council or GCC accounts for 45 percent of global proven oil reserves, and 20 percent of the world’s gas. With such a huge amount of natural resources, and exploration of these supplies only beginning in the last half of the twentieth century, it is no surprise that within the last two decades, GCC countries have seen great change – in business, in socio economic status, and in health care. Read more

Here’s a question – why would a state refuse federal money? Governors and representatives may complain about Obama and his health care policies, but saying “No!” to millions in federal funding is a whole other matter. Still, that’s what many states are doing right now – saying “No” to the offer of federal money for state Medicaid expansion.  Read more

Health insurance companies were busy last year in regard to charity donations in recent months. One company in particular hit a record high amount and in 2012, William Russell raised more than USD $15,750 for Woking Hospice in a goal that saw involvement from directors, staff and clients.

This impressive amount is much more than what has been recorded in years previous, even doubling the amount raised in 2011. William Russell was able to reach this amount from various fundraising activities, which included incorporating dress down days, raffles and sweepstakes.
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Premium rates over recent years in Hong Kong, and the majority of the Asian region, have consistently been above average in comparison to the rest of the world. A number of reasons lie behind this, but the main contributing factor is down to the fact that the cost of Hong Kong’s private healthcare facilities rank at the second most expensive in the world after the United States.

Hong Kong’s private hospitals are renowned for their 5 star hotel style accommodation and exceptional standards of care and service. However, this comes at a price and without suitable health insurance coverage, patients will be left with extortionate bills, even for basic procedures.

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2012 was a great year for Best Doctors, Inc.. The company has reported and continues to announce exciting happenings in terms of expansion both domestically and internationally. The company recently announced 24% revenue growth during 2012, exceeding $150 million in revenue last year . The Boston-based global health company stated that they added 37 new corporate accounts, including large health plan clients during 2012. Last year also saw the launch of the company’s new “Treatment Decision Support” program, an almost 30 percent increase in staff worldwide,and several U.S. and international awards earned throughout the past year.

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Providing cost-effective, yet comprehensive international health insurance solutions remains a major issue for providers, according to Jelf Employee Benefits. Some of the factors affecting private international insurance providers include the expanding number of destinations where customers are requiring coverage, the increasing demand for more benefits and the ever-changing environments of local markets in terms of healthcare options.

Sarah Dennis of Jelf Employee Benefits commented: “Unlike other areas of employee benefits which tend to become more streamlined and efficient with time, international healthcare becomes ever more intricate. International markets look increasingly appealing to smaller businesses who are feeling the financial strain at home.  So a larger number of companies are sending staff to further-flung locations to capitalize on faster-growing economies.”

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It is rare to open a newspaper these days and not find a story about upheaval in Egypt – revolution, elections, the deadly riots occurring just this month. However, one area of change in recent years that receives little media attention is healthcare reform in Egypt. Read more

The idea of a doctor deciding when to deliver a baby is strange – if comedy films have taught us anything, it’s that natal labor is not an event you plan for. By the time the fetus has developed all important functions and is ready to come into that world, usually at around 39 weeks, he will let his mother know. Contractions will begin, water will break, and you’d better hope there’s a licensed caregiver somewhere nearby.

Some physicians, however, are not content to sit and wait. Over the past 20 years, more and more people are choosing to have an early elected delivery, and this trend does not sit well with plenty of physicians, insurers and public health organizations.  Read more

There are more reasons to keep an eye on Asia other than its emerging economies. Research from UBS CIO, a global firm providing financial services to private, corporate and institutional clients, indicates that the consumer spending will continue to increase at an annual growth rate of about 13 percent and reach US$1 trillion by 2016. In an article published in the South China Morning Post, Carl Berrisford, an analyst for UBS CIO Wealth Management, explains the report’s findings and what it means for the region. Read more

Insurer Aetna International is changing its strategic insurance partner in Hong Kong. As of the 24th January 2013, all underwriting will be provided by Starr International Insurance (Asia) Ltd as opposed to their prior partner GAN Assurances IARD. Read more

RHI-Bupa have released new corporate Group Insurance plans for companies in Singapore. The new products, insured by Raffles Health Insurance Pte Ltd and administered by Bupa International, are the ‘Company Health Select Asia Pacific’ plan, and the ‘Company Health Choice International’ plan. With the release of these new products, RHI-Bupa are targeting the middle-market SMEs, thereby increasing their potential market share in Singapore.
Read more

In 1903, the life expectancy of the average man in the United States was 50; for a woman, 55. Fast forward one hundred years to 2013 – now, most of us are expected to live until 80, and plenty of people remain happy and healthy into their 90s. As medical technology advances, we will surely continue to live longer and longer lives, but with this increase in life expectancy comes one major concern – how can the United States manage the health care costs of a rapidly aging population? Read more

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