Posts Tagged

Expatriates

A kidnapper’s phone call announcing that a family member or employee has been abducted is the stuff of nightmares – as is the eye-watering ransom demand that often accompanies this news. How should you respond?Most kidnappings take place in countries where governments are weak and territory is disputed. Without a police force able to help, you will need to negotiate to get your loved one back. So, what is the “right” price for their life?

France in February 2019 published transitional (or emergency) measures related to insurance in case of a no-deal Brexit. As per the new rules, contracts may not be amended if additional premiums are collected renewals, including automatic renewals are not allowed payment of claims will not be considered a breach for at least the first 12 months The new rules apply to contracts covering French risks and entered into before

APRIL International Care, the international private medical insurance (iPMI) division of APRIL Group, in January 2019 launched the MyHealth France product, an iPMI policy designed to meet the needs of expatriates living in France in both the pre and post Brexit era. France is now home to 1.3 million expatriates of all nationalities, with that figure expected to rise to 1.5 million within the next two years. UK nationals

French social protection group (SPG) Malakoff Médéric Humanis (MMH) in January 2019 arose from the merger of the two former Malakoff-Médéric and Humanis SPGs. As the new French market leader in group life and health insurance (market share 17%), MMH has 426,000 corporate clients with 10 million people insured. Furthermore, it is the recommended employee benefits provider for 93 professional sectors, a significant competitive advantage. In pensions, MMH has

Generali Global Health (GGH) in November 2018 appointed Ran Wang as Head of Market Development for the Asia-Pacific Region, based in Singapore and reporting to Chief Commercial Officer Stuart Leatherby. GGH is Generali’s specialist division for international private health insurance (iPMI). Both GGH and Generali have a strong focus on the Asia-Pacific region. Ran joins GGH from Aetna International, where he held the position of Regional Head of Strategy and

The UK’s Home Office in August 2018 unveiled a package of briefing packs, posters and leaflets, the “EU Settlement Scheme: employer toolkit” to help staff from the EU to register for a new immigration status that will be legally required after Brexit. An estimated 3.5 million to 3.8 million EU citizens live and work in the UK. Among the employers and groups present at the launch were the British

Aetna International has announced the launch of Access US, a product aimed at helping any non-US headquartered company that currently has, or is hiring, American citizens based in the USA. The Access US Plans are an ideal fit for companies with geographically dispersed employees located in the US. They are an ACA-compliant (Obamacare-compliant) medical product designed for organizations with 50 or more total employees worldwide and allow US companies

MSH International, citing favorable U.S. state regulations allowing self insurance for groups with as few as ten plan members, along with the growth of the medical stop-loss business, in October 2017 announced a new stop-loss product for self-insured expatriate and third-country national (TCN) customers that includes medical benefits as well as life and disability options. President and CEO Philippe de Dreuzy said “Based on my 25 years’ experience I

MSH International, a wholly-owned subsidiary of Paris-based broker SIACI SAINT HONORE Group and supplier of expatriate insurance services worldwide, in September 2017 announced the acquisition of Imagine Financial and its travel medical assistance group, Intrepid 24/7. Both Imagine Financial and Intrepid 24/7 are housed under the umbrella of Ingle International, a provider of plug and play solutions that drive revenue and enhance customer engagement for the insurance, healthcare, special

The demand for short term international private health insurance or IPMI which bridges the gap between travel insurance and longer term cover looks set to keep growing, particularly as events such as Brexit unfold. Brexit could unleash yet more demand as international arrangements such as the European Health Insurance Card (EHIC) may no longer cover travelers to and from the U.K. . The impact of the internet, budgetary pressures

The Immigration Industry Association (IIA), in July 2017 officially launched as a non-profit, professional association for the global immigration industry and the wider migrant and expat community. The association provides a forum for the immigration community to come together to network, share ideas, information, research and experiences. Its core objectives include: Linking the immigration industry together and providing opportunities for collaboration Creating a supportive forum for individuals, companies, non-profits

Generali Global Health (GGH), the international health insurance division of Generali, in June 2017 launched a new product in Spain, Global Choice, an international health insurance plan for groups with globally mobile employees. GGH has partnered with sister company Generali España to launch Global Choice in Spain. Since its launch in select markets throughout 2016, including the UAE and Hong Kong, Global Choice has been updated and the Spanish

Sirius International Insurance Group, a global (re)insurance company based in Bermuda with a leading position in Accident & Health insurance, in May 2017 announced its acquisition of Indianapolis, U.S.A., -based International Medical Group (IMG). IMG is a provider of global medical insurance products and assistance services and the second addition of an accident & health business to Sirius’s specialty insurance platform in as many months. Allan Waters, Sirius Group Chairman,

With growing global uncertainties, there is an increased demand for a way to reach traveling employees anywhere, at any time, and this was the driving force behind a new Active Monitoring service, offered by HX Global as an add-on to Concur’s Integrated Traveller Risk Management Solution, that is designed to help companies manage employee safety. The integrated Traveller Risk Management Solution, unveiled by Concur in March 2017 at Concur

The Insurance chapter of HEC Paris Graduate School of Business Alumni organizes a conference on “International mobility, expatriates and employers’ duty of care” on Tuesday, June 27, 2017 at 19:00. Employers today are subject to a far-reaching duty of care when it comes to the safety of their employees abroad. At the same time, internationally mobile employees expect to enjoy not only adequate health and life insurance coverages but

Humanis, a large French employee benefits carrier that operates mainly as a paritarian institution and also is a major provider of health, life and retirement coverage for expatriates, on 6 June 2017 hosts the tenth edition of its “Rencontres de la Mobilité Internationale” – or Global Mobility Conference. The one-day conference, which is held at the Pré Catelan conference center in Paris, starts at 09:00 and ends at 18:30.

IPMI provider Now Health International in May 2017 announced that, after a comprehensive product review, they are offering significant changes to their flagship WorldCare product. The enhanced version of WorldCare will include a simplified annual deductible structure, higher benefit limits, and new added value services in response to feedback from its members and distribution network. Key enhancements include: Simple annual deductible Now based on a new deductible structure rather

The Economist Intelligence Unit (EIU) in March 2017 released its Worldwide cost of living 2017 survey. Using a cost-of-living approach, it compares the price of over 150 items in 133 cities around the world. It found that Singapore is the world’s most expensive city for the fourth year running and 20% more expensive than New York and 5% pricier than Hong Kong, which lies in second place. Asia now

Aetna International is expanding into the Canadian market to provide tailored coverage for expatriate clients. With the main office in Toronto, Aetna expects to open additional offices throughout 2017 and is actively hiring staff to fill key roles. Carrie Chapman in September 2016 was appointed country manager for Canada, reporting to Richard di Benedetto, president and CEO of Aetna International. The plans offered by Aetna will cover everyone whether

Cigna’s global expatriate segment, Cigna Global Health Benefits Europe (Cigna GHB), in February 2017 announced the promotion of Raymond Linnartz to the senior management position of European Sales Director. Linnartz, who has almost 17 years’ experience in sales and business development, has been with Cigna for 11 years. He was previously with Aon and Mercer in multiple roles as an adviser on employee benefits solutions to Fortune 500 companies.

Cigna’s global expatriate segment, Cigna Global Health Benefits Europe (Cigna GHB), in February 2017 announced the promotion of Frank Indestege to Market Development Director, Europe. His new duties at Cigna GBH will include responsibility for business development projects and strategic partnerships across Europe. His remit will include identifying product and partnership needs for strategic markets, notably France, Germany, and the Nordic territories. Indestege, who holds a Master’s degree in

Swiss Life (SL) Market Unit International in May 2016 has begun implementing a new operating model for its Corporate Clients business line with a new leadership and a new organizational structure centralized in Luxembourg. Swiss Life Luxembourg will take a more significant role as the hub for the cross-border insurance business. Theo Iaponas has taken the lead for Corporate Clients, managing and developing both SL Luxembourg’s activities and the

Tokio Marine Life Insurance Singapore (TMLS) and Henner Group in June 2016 announced that they have joined forces to launch an international medical coverage solution for globally mobile employees based in Singapore. Henner is a French firm specialized in employee benefits and one of the largest and best-known TPAs in the international private medical insurance market where it was previously known as GMC. The partnership allows TMLS and Henner

The Health Insurance Group in September 2016 introduced a global and expatriate Employee Assistance Program (EAP) that provides help and support to people working abroad who are in crisis or need. Partnering with Morneau Shepell, the leading provider of integrated health and productivity solutions in Canada, The Health Insurance Group, located in the United Kingdom, offers a comprehensive suite of international assistance programs, including worldwide EAP, to help employees

Humanis, a large French employee benefits carrier that operates mainly as a paritarian institution and also is a major provider of health, life and retirement coverage for expatriates, in June 2016 hosted the ninth edition of its “Rencontres de la Mobilité Internationale” – or Global Mobility Conference. Compliance matters! A recurring theme heard over and over again at the conference, both from speakers and from attending practitioners, is the

In November 2015 Cigna released its Global Mobility Trends Survey, updating the 2013 edition. The survey, conducted between April and June 2015, included 2700 expatriate respondents on assignment in 156 countries. Key findings: Global mobility appears to be evolving into a career unto itself. Expats say they need more communication and support, but employers are viewed as moving in the opposite direction. Expats want more assistance with local culture

The 2016 edition of the IBIS Academy will be held in Amsterdam, The Netherlands, from May 23 to May 27, 2016. For its 46th iteration, IBIS will include a new three-day Mobility track, devoted to Global Mobility and co-developed and co-hosted with AIRINC. IBIS Academy participants choose one of three distinct tracks intended for different audiences: the IBIS Institute, a “boot camp” for practitioners; the IBIS Conference, a series