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	<title>covid Archives - Health Compass</title>
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		<title>COVID Travel Barriers Fall &#038; IPMI Provision Set to Adapt</title>
		<link>https://health-compass.com/as-restrictions-on-travel-across-the-world-continue-to-ease-the-ability-for-employees-to-work-internationally-has-increased/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=as-restrictions-on-travel-across-the-world-continue-to-ease-the-ability-for-employees-to-work-internationally-has-increased</link>
		
		<dc:creator><![CDATA[David Eline]]></dc:creator>
		<pubDate>Thu, 24 Feb 2022 16:13:33 +0000</pubDate>
				<category><![CDATA[IPMI]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[covid]]></category>
		<category><![CDATA[Health Compass]]></category>
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		<guid isPermaLink="false">https://www.health-compass.net/?p=1369</guid>

					<description><![CDATA[<p>As restrictions on travel across the world continue to ease, the ability for employees to work internationally has increased. The picture, however, is far from clear. The United Kingdom has announced the removal of all legal restrictions around the management of COVID-19 but, while western nations are relaxing the rules, in other areas of the [&#8230;]</p>
<p>The post <a href="https://health-compass.com/as-restrictions-on-travel-across-the-world-continue-to-ease-the-ability-for-employees-to-work-internationally-has-increased/">COVID Travel Barriers Fall &#038; IPMI Provision Set to Adapt</a> appeared first on <a href="https://health-compass.com">Health Compass</a>.</p>
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									<p><strong><span style="font-size: large;">As restrictions on travel across the world continue to ease, the ability for employees to work internationally has increased. The picture, however, is far from clear.</span></strong></p><p class="p1"><span style="font-size: large;">The United Kingdom has announced the removal of all legal restrictions around the management of COVID-19 but, while western nations are relaxing the rules, in other areas of the world the continued spread of the virus is not still having an impact, but is likely to shape future healthcare strategies.</span></p><p class="p1"><span style="font-size: large;">The world<span class="s1">’</span>s airlines are reporting a leap in ticket sales as COVID-19 border restrictions are removed. A <a href="https://www.iata.org/en/pressroom/2022-releases/2022-02-17-01/" target="_blank" rel="noopener"><span class="s2">survey by the International Air Transport Association (IATA)</span></a> of travel restrictions for the world<span class="s1">’</span>s top 50 air travel markets (comprising 92% of global demand in 2019 as measured by revenue passenger kilometres) revealed the growing access available to vaccinated travellers.</span></p><p class="p1"><span style="font-size: large;">The Study found:</span></p><ul class="ul1"><li class="li1"><span style="font-size: large;">18 markets (comprising about 20% of 2019 demand) are open to vaccinated travellers without quarantine or pre-departure testing requirements.</span></li><li class="li1"><span style="font-size: large;">28 markets are open to vaccinated travellers without quarantine requirements (including the 18 markets above). This comprises about 50% of 2019 demand.</span></li><li class="li1"><span style="font-size: large;">37 markets (comprising about 60% of 2019 demand) are open to vaccinated travellers under varying conditions (18 having no restrictions, others requiring testing or quarantine or both).</span></li></ul><p class="p1"><strong><span style="font-size: large;">IATA said the numbers reflect a spate of relaxations announced around the world, including in Australia, France, the Philippines, the UK, Switzerland, and Sweden.</span></strong></p><p class="p1"><strong><span style="font-size: large;">However Willie Walsh, IATA<span class="s1">’</span>s Director General warned that while the easing of restrictions will enhance the ability for travellers to move across the global there were still some very notable exceptions.</span></strong></p><p class="p1"><span style="font-size: large;"><span class="s1">“</span>Momentum toward normalising traffic is growing. Vaccinated travellers have the potential to travel much more extensively with fewer hassles than even a few weeks ago,” he explained. <span class="s1">“</span>This is giving growing numbers of travellers the confidence to buy tickets. And that is good news! Now we need to further accelerate the removal of travel restrictions. While recent progress is impressive, the world remains far from 2019 levels of connectivity. Thirteen of the top 50 travel markets still do not provide easy access to all vaccinated travellers. That includes major economies like China, Japan, Russia, Indonesia, and Italy.”</span></p><p class="p1"><span style="font-size: large;">A case in point is Hong Kong. Traditionally a popular home for expats and one of the world<span class="s1">’</span>s leading financial services, and maritime centres it has introduced ever more onerous restrictions.</span></p><p class="p1"><span style="font-size: large;">Indeed along with China it has not seen any real relaxation of the regulations since COVID began over two years ago.</span></p><p class="p1"><span style="font-size: large;">Currently, there are no direct flights from the USA, and Hong Kong residents who travel abroad must quarantine in designated hotels for two weeks when they return, at their own expense.</span></p><p class="p1"><span style="font-size: large;">Hong Kong has also imposed a number of ever-shifting restrictions on social gatherings. In-person dining at restaurants is banned starting at 6 pm and bars, gyms and other places where people gather have been shut down.</span></p><p class="p1"><span style="font-size: large;">For some expats the constant restrictions have proved too much. According to a <a href="https://americanexpatfinance.com/news/item/719-amcham-hong-kong-survey-more-than-40-of-expats-in-the-jurisdiction-thinking-of-leaving" target="_blank" rel="noopener">s<span class="s1">urvey by the American Chamber of Commerce in Hong Kong</span></a>, 44% of more than 250 respondents are considering leaving the city because of its COVID policies.</span></p><p class="p1"><span style="font-size: large;">The organisation represents more than 600 U.S. companies, and its outgoing president, Tara Joseph, has said the exodus is set to continue:</span></p><p class="p1"><span style="font-size: large;">&#8220;A lot of people have left. A lot of people are considering leaving. Other people are just trying to stick it out.&#8221;</span></p><p class="p1"><strong><span style="font-size: large;">Those expats employees who take the decision to continue to work internationally are likely to find that the future will see very different demands and approaches when it comes to International Private Medical Insurance (IPMI).</span></strong></p><p class="p1"><span style="font-size: large;">Firstly global governments are now aware of the strain that COVID has placed upon health systems and the threat of future pandemics.</span></p><p class="p1"><span style="font-size: large;">As such there is a renewed focus on firms to ensure that expat employees arrive with robust and adequate health cover in place.</span></p><p class="p1"><span style="font-size: large;">While governments are keen to ensure staff are fully covered, it is a view that is more than<span class="Apple-converted-space"> </span>matched by employees themselves. COVID has focused the minds of employees on their physical and mental welfare. Companies are under pressure to make sure that employees’ physical and mental health are addressed and adequately monitored.</span></p><p class="p2"><strong><span style="font-size: large;">The situation is likely to create an even sharper focus on the provision of holistic care and prevention in the insurance market, with an emphasis on good physical, mental and emotional health, as well as a greater reliance on virtual healthcare.<span class="Apple-converted-space"> </span></span></strong></p>								</div>
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		<p>The post <a href="https://health-compass.com/as-restrictions-on-travel-across-the-world-continue-to-ease-the-ability-for-employees-to-work-internationally-has-increased/">COVID Travel Barriers Fall &#038; IPMI Provision Set to Adapt</a> appeared first on <a href="https://health-compass.com">Health Compass</a>.</p>
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		<title>IPMI facing costs of COVID</title>
		<link>https://health-compass.com/ipmi-facing-costs-of-covid/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ipmi-facing-costs-of-covid</link>
		
		<dc:creator><![CDATA[David Eline]]></dc:creator>
		<pubDate>Thu, 02 Dec 2021 12:40:26 +0000</pubDate>
				<category><![CDATA[Interview]]></category>
		<category><![CDATA[IPMI]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[claims]]></category>
		<category><![CDATA[covid]]></category>
		<category><![CDATA[Digital Technology]]></category>
		<category><![CDATA[international private medical insurance]]></category>
		<guid isPermaLink="false">https://www.health-compass.net/?p=1152</guid>

					<description><![CDATA[<p>The post <a href="https://health-compass.com/ipmi-facing-costs-of-covid/">IPMI facing costs of COVID</a> appeared first on <a href="https://health-compass.com">Health Compass</a>.</p>
]]></description>
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<p class="p1"><strong><span style="font-size: large;">The COVID pandemic has proved to be a double edged sword for IPMI underwriters and the wider industry.</span></strong></p>
<p class="p1"><span style="font-size: large;">The pandemic has driven a huge demand for IPMI products. A new and significant risk to health, combined with the inability of expats to return to their country of birth, has exacerbated the need for international private medical insurance.<span class="Apple-converted-space"> </span></span></p>
<p class="p1"><span style="font-size: large;">It’s a scenario that points to a positive period of growth for the sector as increasing numbers of expats place greater emphasis on sourcing sufficiently robust insurance for their medical needs abroad.</span></p>
<p class="p1"><span style="font-size: large;">COVID has also accelerated the ability to deliver remote services. However, there’s a darker side to the impact of COVID; one which is increasingly challenging underwriters, brokers and members.</span></p>
<p class="p1"><span style="font-size: large;"><strong>As the worst of COVID subsides and healthcare facilities open up to non-COVID treatments, members who had been forced to postpone non-essential treatment have been able to reschedule procedures.</strong> <strong>However, healthcare providers are also looking to recover revenue lost during the imposed lockdowns and social distancing measures.</strong></span></p>
<p class="p1"><span style="font-size: large;">At an online seminar hosted by Health Compass in June 2021, Alistair Dickman, Group Head of Business Development, <a href="https://asia.april-international.com/en/international-health-insurance/myhealth-singapore"><span class="s1">April International Care in Singapore</span></a> raised the issue. Dickman explained that, as his firm’s members began to seek to reschedule non urgent procedures, underwriters were seeing medical providers looking to recoup money lost in the past 18 months.</span></p>
<p class="p1"><span style="font-size: large;">“COVID saw pre-planned surgeries postponed, but in Q4 last year we started to see people return to hospitals for their procedures,” he explained. <strong>“What we have seen are hospitals, specialists and dentists seeking to regain income. We have witnessed invoice rises, excess billings, and what we see as charges for needless tests.”</strong></span></p>
<p class="p1"><span style="font-size: large;">His views were echoed by the market and there remains concern from intermediaries that insurers had yet to recognise the evident rising costs in treatment in recent months which was leaving members with insufficient coverage levels to fund their treatment.</span></p>
<p class="p1"><span style="font-size: large;">Intermediaries add they have seen a shift in the costs being charged for treatment. The view is that those medical service providers which suffered in 2020 are looking to double their income in 2021, to recoup the lost revenues.<span class="Apple-converted-space">  </span>As<span class="Apple-converted-space">  </span>such insurers need to change their covers to reflect the change in costs.</span></p>
<p class="p1"><span style="font-size: large;">Far from easing, the problem has increased with underwriters concerned that claims inflation is reaching near unsustainable levels. While insurers are increasingly challenging billings, they are also cognizant of the need to ensure that members who have been waiting for procedures, can have them carried out.</span></p>
<p class="p1"><strong><span style="font-size: large;">It’s a situation that has forced underwriters to examine their broader cost base and find efficiencies that can remove frictional costs to offset some of the claims inflation.</span></strong></p>
<p class="p1"><span style="font-size: large;">One area is the perennial challenge of product distribution. Technology has already delivered change through COVID and the opportunity exists to build on the necessity to trade remotely, as witnessed over the past 18 months.</span></p>
<p class="p1"><span style="font-size: large;">It comes with the need to deliver transparency in wording and coverage in order to meet the regulatory requirements to treat the customer fairly. These demands lend themselves to a new breed of covers which can be distributed electronically, reducing the time between proposal submission and quote.</span></p>
<p class="p1"><span style="font-size: large;">Such a system would also allow proposal forms to be delivered electronically and with it reduce the need for rekeying and inevitable human error, and free up staff time to improve customer service levels.</span></p>
<p class="p1"><strong><span style="font-size: large;">Technology is set to drive change for the IPMI market and its participants. The tide of digitalisation is already impacting the wider insurance industry and IPMI cannot afford to be left behind.</span></strong></p>
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		<p>The post <a href="https://health-compass.com/ipmi-facing-costs-of-covid/">IPMI facing costs of COVID</a> appeared first on <a href="https://health-compass.com">Health Compass</a>.</p>
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