Globalsurance continues to witness the falling rates of global health insurance inflation in the high-end sector, typically referred to as International Private Medical Insurance (iPMI). Average rates of inflation per year have typically hovered at around 11% over the past 5 years, but this year, AXA PPP has published an annual increase of just 8%. As a key player in the health insurance sector,

When Barack Obama was re-elected to the White House this November, America was reminded that not only is Obama the first African-American to preside in the Oval Office, he is the first president to make health care a primary component of his presidential legacy. Obama's re-election will certainly have important and lasting effects on the Patient Protection and Affordable Care Act, better known as…

Last months' 2012 Health Insurance Awards held in Glasglow, England, saw many companies recognized for their efforts in the health insurance industry both in the United Kingdom and internationally. Many of the health insurance companies that received awards and honors at the event, which is widely considered as one of the leading industry events in the UK that showcases professionalism and excellence…

Award winning insurer InterGlobal has released its premium increases for 2013, and the news is sure to put even wider smiles on the already happy faces of current InterGlobal customers. Their announcement comes hot on the heels of similar disclosures by industry giants AETNA and Bupa, who have both hiked their premiums by about 10 percent. Allianz Worldwide Care have also just announced…

Globalsurance can confirm that Bupa International's medical inflation rate has come in below long term average which is good news for clients. Global medical inflation in the international Private Medical insurance (iPMI) market has been running at 10.8 percent on average for the past 5 years so although Bupa's increase looks high by most inflation…

AXA Asia recently announced major plans to expand its services across Asia by doubling the scope of its regional health business by 2015. The company released a statement on October 29 highlighting its plans, indicating that they will further develop services in regional markets by improving and expanding on the products they offer and focusing on health capabilities on a regional and local level. "AXA…

In a move that has caught agents and brokers off guard, Nordic Healthcare, a provider of international health insurance, has announced that it will cease sales of new individual policies in all but its core markets.  This means that, with immediate effect, Nordic will no longer be issuing new IPMI policies anywhere in the world except Europe, Singapore, Hong Kong, Thailand and Vietnam. The announcement…

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…

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…

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…