Globalsurance has learnt that Bupa is launching a new product for the Chinese market. Bupa has teamed up with China based Alltrust Insurance Company to provide Bupa Premier Worldwide Health Options (PHWO), which becomes available from the 1st of October. PWHO is unique in that it will consider covering pre-existing medical conditions, a first for international private medical insurance plans…

 On Wednesday, pharmaceutical company Merck announced the results of a clinical trial it conducted for a new once-a-week pill for sufferers of Type II diabetes.

 Although the pill, currently…

The insurance industry seems to be going through a lull. Things are quiet, with few major news events, no major catastrophes rocking the industry and a general sense of calm. How much of this is merely the swimming duck effect, with the appearance of calm on the surface, but energetic kicking happening under the water remains to be seen - but there is certainly a lot going on behind closed doors. In…

Ever since the Renaissance, Western science has become increasingly sceptical of traditional medicine. It seems, however, that the tide may be turning, as scientific exploration is adding more credibility to the pharmacology behind Eastern medicine, one study at a time. A recent report published in the Archives of Internal Medicine…

While the attention of the financial world is fixated on the unfolding European crisis, there is a sleeping dragon some 5,000 kilometers away about to wreak chaos around the world. The dragon is China, the world's most populous country and the world's second largest economy. The problem has been festering for years and has been somewhat controlled through governmental stimulus money but this problem…

China announced last week that they plan to increase healthcare spending to more than USD 1 trillion by 2020. This is a lot of money, but a closer look at the current state of public health in China and the obstacles to further improvement, will help shed some light on this announcement. We recently posted an article covering the state of China's health services, the "successfully completed"…

Following a tribute in the London 2012 Olympics that was broadcast to the world, the NHS is encouraging its member trusts to do the same and expand globally in a bid aimed at funding health services in the United Kingdom. The idea originated in the Labour Party and is now gaining speed to expand the National Health Service beyond the UK's borders. However, will this idea affect the costs and quality…

Reliance Life Insurance, India's largest private insurance company, has announced that they will be going through with an expansionary move that will see over 55,000 staff added to their force. This move is in anticipation to its future plans to move into different marketing channels. Reliance Life Insurance is a business unit of Reliance Capital and led by Anil Ambani. Despite being one of India's…

During his inaugural speech of the 6th FICCI HEAL (Federation of Indian Chambers of Commerce and Industry - Health Enterprise and Learning) 2012 annual international conference in Delhi this week, Indian President Pranab Mukherjee noted that there is a "high variance" in the quality of service available in public and private sector hospitals, and that the country's healthcare system should be…

Teetering on the brink of economic collapse is Greece, the land of ancient mythological deities, and like the Gods before them hopes and beliefs in a timely turnabout for the Greek economy are dwindling hastily. At hand is the issue of the Eurozone: does Greece stay within and keep the Euro, or will it revert back to the obsolete drachma, the original Grecian currency which existed prior to 2001? If…