2017 International Private Medical Insurance Inflation Report Released by Pacific Prime
Leading insurance broker Pacific Prime has released their free annual report on
Reviewing the insurance product costs of eight global insurers in 10 locations around the world, the report outlines both global and local factors driving the inflation in premium prices seen by consumers in those areas. The results of the study should be of high interest to both individual and corporate clients thinking about how much they're paying for insurance, as well as for insurers and brokers seeking information about insurance prices in different regions.
In the new report the average percentage increase of international health insurance plans in 2016 was 9.2% - exactly the same as it was in 2015. As with the previous year's, Pacific Prime has highlighted a number of significant factors impacting IPMI inflation from the years 2009 to 2016. Its discussion on inflation drivers this year includes long term impacts as well as some newly emerged trends:
- New medical technology
- An imbalance of healthcare resources
- Increased compensation for healthcare professionals
- Healthcare overutilization
- Unstable economies (New for 2017)
- Changing population dynamics (New for 2017)
- The increasing availability of technology (New for 2017)
The final three, newer entries to the report tell the story of tough global economic conditions driving away certain types of expats from locations such as
- Allianz Worldwide Care
-
William Russell - Bupa Global
Top 3 Global Insurers with Lowest Average Premium Increase (2009-2016):
-
Aetna International - (InterGlobal) - Allianz Worldwide Care
-
William Russell
The International Private Medical Insurance Inflation 2017 report is available for free in two different versions:
1. A digital version which can be found on the Pacific Prime website (https://www.pacificprime.com/ipmi-2017/)
2. A downloadable PDF which can be found here: https://www.pacificprime.com/ipmi-2017/download/
About Pacific Prime
Headquartered in
Read the full story at http://www.prweb.com/releases/2017/01/prweb13953708.htm
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