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Aug
09

Demand for Private Healthcare Grows amid Ongoing Global Doctor Shortage

The rise of the middle class in East Asia is proving to be a boon for private healthcare providers. Kuala Lumpur based IHH illustrates this nicely. In their recent IPO, which was 132 times oversubscribed, IHH raised more than USD 2 billion and the shares climbed by more than 10% in the first few days of trading. The value of the company stands at around USD 8 billion. IHH is now the second largest…

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Jul
27

Slovakia's Prime Minister sounds death knell for Private Health Insurers

There is to be a vigorous shake up of the Slovak private health insurance industry. So vigorous in fact, that it's actually going to disappear altogether. The Slovak government has reached a decision this week that it wants to bring all health insurance under a single state run system. A move the government feels will save the Slovak state some money by stopping the flow of precious state funds…

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Jul
27

International Private Medical Insurance Improves and Expands Plans to Stay Competitive

There have been a number of notable changes in International Private Medical Health Insurance in the last few weeks, while not as earth shattering as the Libor scandal or the crop failures in the US, the progressive and continual changes reveal an industry that is currently very dynamic and competitive. While Bupa is launching products to fill gaps it sees in the IPMI market, US healthcare giant…

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Jul
25

Healthcare in China: The Overhaul that Underwhelmed

Published July 25, 2012

A report released on Monday by the Healthcare Reform Office in China announced that the 3 year plan to improve some of the fundamental parts of China’s healthcare system completed its objectives on schedule. The Chinese Central Government spent almost US$71 billion between 2009 and 2011 in efforts to improve healthcare services to the public, build primary care…

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Jul
20

Aviva Indonesia Targets Affluent Indonesians and Expatriates with International Coverage Offerings

Aviva Indonesia is introducing an International Health Insurance product offering to the Indonesian market in response to a growing number of expats and well heeled local Indonesians. The portfolio offers international health insurance coverage with limits between US$1-2 million, depending on the product, and will allow holders of a policy to travel internationally in order to receive qualifying…

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Jun
08

Asian markets continue to show promise

As Europe remains to be a place of economic uncertainty, Asia continues to provide Health insurers opportunities for investment and expansion. Asia is home to the largest number of high net worth individuals and with 3.3 million people now owning liquid assets worth at least USD $1 million, the continent has overtaken Europe and is second only to North America in terms of wealth. Several of the less…

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Jun
05

Negotiations under way to regulate China's Social Insurance Law for expats

On October 15th 2011, China's Ministry of Human Resources and Social Security put in place new regulations which required foreign employees working in China to contribute to the country's Social Insurance System. The regulations stated that foreign employees would have to register after employment and start paying towards five types of insurance policies, including basic pension insurance,…

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Jun
04

International Insurers Refine Health Plans

Two international health insurers have made minor adjustments to their health plans. Both AXA PPP International and Now Health international have made changes, mostly to their international group health insurance plans, in order to increase their appeal to corporate customers. Now Health International has moved to modify their mid-range group insurance plan, WorldCare Advance, to offer routine dental…

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May
21

Zurich international business expands

Swiss global insurance giant, Zurich, is on a profitable track this year, with positive results coming in from the First Quarter reports.
The group reported a total business operating profit of US$ 1.4 billion for the First Quarter of 2012 with an operating profit increase in the General Insurance sector of US$ 567 million to US$ 856 million.
It appears that Zurich may be overcoming difficulties…

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May
18

Aviva undertakes a strategic review

London based insurance company Aviva is now the sixth largest insurance group worldwide and the largest provider of life and general insurance in the United Kingdom. Despite having a strong start to the year so far, Aviva will be undertaking a much needed strategic review of its businesses to aid the company in its recovery after the departure of Chief Executive Officer Andrew Moss. Moss, having…

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