Navigation Links
Globalsurance Review Reveals Premium Inflation Rates of Medical Insurance Providers
Date:9/3/2013

(PRWEB) September 04, 2013

As part of Globalsurance's 2013 International Private Medical Insurance Review, which was released earlier this week, the company has revealed how several insurers have fared when it comes to inflation rates in medical insurance premiums over the last 5 years.

In the review, Globalsurance examined 8 insurers – Aetna Global Benefits, Allianz WorldWide Care, AXA PPP, Bupa International, Globality Health, IHI Danmark/IHI Bupa, Interglobal, and William Russell.

These 8 insurers provided data for 10 countries – Brazil, China, Dubai, Hong Kong, Indonesia, Kenya, Philippines, Singapore, Thailand, and the UK. 7,680 data points were used in the review to determine how each insurer performed.

The insurer with the lowest average inflation rates over the past 5 years was Allianz Worldwide Care with an average rate of 7.6%. One of the main reasons for Allianz's performance is their regionally specific premium adjustments, with results ranging as low as 0.4% in Kenya and up to 17.6% in Brazil.

Interglobal had the lowest average inflation rate for 2013 for all 10 countries at 1.6%, a significant departure from their last two years, which showed average increases above 10%. The large increases of 2011 and 2012 enabled the company to keep their premiums stable in 2013, though Globalsurance are curious to see if these low inflation levels can be maintained in 2014.

The company with the highest average inflation levels in 2013 was Globality Health with 16.3%. Globality Health also had the highest average inflation levels for the last 5 years at 14.9%. However, Globalsurance experts are not surprised to see these numbers as newer insurers often need to make large scale adjustments in their first few years acclimatizing to specific regions.

Globality Health has also recently restructured their plans with the new 'World' plans, which explain the high inflation levels. However, Globalsurance experts view this change as a positive for the company in the long run. This is also the first year that Globality Health has made pricing adjustments according to specific zones, an indication that their inflation levels are likely to stabilize in the future.

The 2013 Globalsurance International Private Medical Insurance Review contains a more detailed analysis of each insurer, each of the 10 countries, and the industry as a whole. The full review is available for free at http://www.globalsurance.com/blog.

Read the full story at http://www.prweb.com/releases/insurer-inflation-rates/medical-insurance-review/prweb11083722.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Globalsurance Releases 2013 International Private Medical Insurance Review
2. GlobalSurance Launches Redesigned Health Insurance Website For Its Clients
3. GlobalSurance Conducts Survey of Major Insurers on Breast Cancer Testing Policies
4. IMG Add Moratorium Option, Increasing Likelihood of Pre-existing Conditions Cover for Globalsurance Clients
5. Globalsurance Clients with InterGlobal Receive Extra Protection via Red24 as Global Security Concerns Rise
6. Globalsurance Reports 18% Rise in Hong Kong Private Medical Costs
7. "Cure Hemorrhoids in 48 Hours" Review Exposes Holly Hayden's Efficient Hemorrhoids Miracle Treatment
8. How to Lose Weight after Having a Baby
9. “Lose That Baby Weight Program” Teaches People How to Balance Their Female Hormones – Health Review Center
10. Turbulence Training: Review Examining Craig Ballantyne’s 2.0 Workout Program Released
11. Lit Review to include bibliography section as a part of its services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/31/2016)... ... May 31, 2016 , ... ... technology solutions to the healthcare industry, The University of Scranton is adding a ... accelerated path to a career in rapidly growing field of healthcare information. ...
(Date:5/30/2016)... ... ... As the CDC relaxes its stance on traditional No-Nit policies, parents wonder ... lice free. , According to a May 26 article from news source ... classroom despite the fact that they may be harboring an infestation. Previous No-Nit policies ...
(Date:5/30/2016)... , ... May 30, 2016 , ... ... 6th, while Shaolin warrior 8-day-8 and 8-night special intensive summer training camp starts ... annual overnight summer camp offers families and children a fun and unique experience ...
(Date:5/29/2016)... North Carolina (PRWEB) , ... May 29, 2016 , ... ... Now, via Amazon.com, their new KlipPro KP-240L clipper is available to the public. This ... which is substantially wider than the average clipper. , Everything about this product ...
(Date:5/28/2016)... ... ... "Color Grading media can be time consuming but with FCPX LUT Night ... Austin - CEO of Pixel Film Studios. , With the FCPX LUT Night ... to their footage. A LUT is a Lookup Table that contains a mathematical formula ...
Breaking Medicine News(10 mins):
(Date:5/31/2016)... , Isansys  Lifecare, a new generation ... Engine wireless patient monitoring platform, as it ships more systems ... , Scotland and Norway ... generation system, launched earlier this year, is now being used in ... , This new technology significantly enhances the user experience ...
(Date:5/31/2016)... 2016 194 Mitgliedsstaaten ... Eliminierung von viraler Hepatitis    Am ... eingegangen, virale Hepatitis bis 2030 zu eliminieren. ... Assembly haben sich die Staaten einstimmig dafür entschieden, ... Viral Hepatitis Strategy) zu verabschieden, was das bisher ...
(Date:5/31/2016)... May 31, 2016 RnRMarketResearch.com adds ... with comparative analysis of Asthma therapy at various stages, ... route of administration (RoA) and molecule type, along with ... also reviews key players involved in the therapeutic development ... projects. Complete report on H1 2016 pipeline ...
Breaking Medicine Technology: