International Private Medical Insurance

The IPMI market is large, growing and profitable for insurers driven by strong underlying demand from key customer segments. The market is also geographically diverse which creates business model complexity but mitigates volume risk for those willing to participate across multiple regions. Distribution is highly fragmented (Figure 2) and challenging as most intermediary firms view IPMI as a secondary product behind group, local PMI or wealth management products.

Spotlight

Marsh & McLennan Agency - NE

Wherever you are, whatever you do, Marsh & McLennan Agency LLC has the customized insurance and financial services expertise you need. Marsh & McLennan Agency (MMA) is a wholly owned subsidiary of Marsh, the world’s largest insurance broker. MMA has deep expertise in understanding, analyzing and dealing with every aspect of risk. Whatever the exposure, we can help you protect, manage and mitigate it so that you can move toward accomplishing your goals.

OTHER WHITEPAPERS
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How can data enrich the motor claims journey from FNOL to payments?

whitePaper | December 12, 2022

At a recent roundtable held by Insurance Post in association with LexisNexis Risk Solutions, an expert panel discussed how motor insurers could make better use of data to improve the customer journey post-loss, improve efficiency and, ultimately, create a seamless claims process.

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Shift technology insurance perspectives - Underwriting risk detection

whitePaper | January 18, 2023

Anyone who follows the InsurTech space knows that Shift Technology started life by applying artificial intelligence (AI) and advanced data science techniques to the challenges of identifying suspicious claims and helping insurers make better decisions about what to do with them when they were discovered. Fast forward to today, and Shift is supporting insurance decisioning across the policy lifecycle and throughout the claims process. This depth and breadth of experience gives us incredible insight into the trends shaping the insurance industry.

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Fleet EV adoption 2022: Are UK businesses adapting to the accelerated electric vehicle revolution?

whitePaper | March 10, 2022

Whilst largescale fleet and leasing companies are leading the ascent on new EV purchasing, a significant number of businesses are yet to introduce EVs to their fleets. This whitepaper focuses on how businesses are adapting to the accelerated EV revolution and attitudes towards electrification.

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Why evolving consumer behaviors require changes from insurance providers

whitePaper | August 3, 2023

It’s no secret that the global pandemic has upended everyone’s life. We know this anecdotally from our own experiences—more online shopping with curbside pickup orders, ordering takeout and delivery versus in-person dining, and changing media consumption. And let’s not forget remote working and learning. These experiences are more than simply anecdotal; McKinsey has written about the more specific effects of the pandemic on consumer behavior and needs. In short, they write: “behavior changes will reshape consumer decision journeys and companies will need to adapt fast.”

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Motor insurance: Acquiring and retaining the right customers in a post COVID-19 world

whitePaper | April 6, 2022

The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended lockdown, there has been a seismic shift in customer behaviour and business operations.

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LXA — a unique, no-code solution transforming the insurance claims process

whitePaper | December 20, 2022

Traditionally, those specialists working on data analytics and machine learning use cases have a fairly niche skill set. They have an innate aptitude for computer science, statistics, math and so forth.

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Spotlight

Marsh & McLennan Agency - NE

Wherever you are, whatever you do, Marsh & McLennan Agency LLC has the customized insurance and financial services expertise you need. Marsh & McLennan Agency (MMA) is a wholly owned subsidiary of Marsh, the world’s largest insurance broker. MMA has deep expertise in understanding, analyzing and dealing with every aspect of risk. Whatever the exposure, we can help you protect, manage and mitigate it so that you can move toward accomplishing your goals.

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