IPMI provider and AXA Healthcare CEO, Tom Wilkinson, has highlighted three key trends impacting the IPMI sector globally: increasing health regulations in different markets; FinTech innovation; and tele-medicine
Speaking to Life Insurance International publication, Wilkinson said one impact for insurers of more health regulations can involve needing to work with a partner that is compliant with each expat destination.
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Wilkinson said he was optimistic about the outlook for the IPMI market, but warned there is a lot of potential for disruption in the IPMI market from digital-based players because of all the data they hold.
Wilkinson’s comments came as research from AXA in its said 98% of big businesses surveyed say a globally mobile workforce is important, with a third saying it is critical to their success.
The research found when it comes to pay and benefits, staff most want to have accommodation paid for; followed by international health insurance (covering more than one country) and income protection.
Three-quarters (75%) of the international workers questioned said they get health insurance paid for by their company, with more than two thirds (67%) of ex-pat workers saying they rely on health insurance to cover their health needs while they are abroad.
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By GlobalDataAccording to the research, the top five benefits staff look for from their employers when being sent on international assignment:
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- Housing support (61% )
- International health insurance (55%)
- Flights home paid for (52%)
- Education support for children (45%)
- Protection insurance (41%)
For all the latest insight, news and data on the global life and health insurance and reinsurance markets, visit www.lifeinsuranceinternational.com
