{"id":1528,"date":"2018-04-16T17:28:49","date_gmt":"2018-04-16T09:28:49","guid":{"rendered":"https:\/\/www.pacificprime.hk\/blog\/?p=1528"},"modified":"2018-05-02T10:15:48","modified_gmt":"2018-05-02T02:15:48","slug":"ipmi-inflation-report-2018","status":"publish","type":"post","link":"https:\/\/www.pacificprime.hk\/blog\/ipmi-inflation-report-2018\/","title":{"rendered":"Pacific Prime releases IPMI Inflation Report 2018"},"content":{"rendered":"

There are some things you can count on happening every year like clockwork. Taxes need to be paid, holidays and traditions are observed, and (no matter how much we try to avoid acknowledging them) our birthdays come and go. Another fact of life that people deal with on an annual basis is an increase in their health insurance premiums. While this isn\u2019t true 100% of the time, by and large people can expect medical insurance premiums to increase each year. <\/span><\/p>\n

As such, it can pay to take notice of which insurance providers have a track record of implementing sharp premium increases, as well as which providers are better able to manage their premium inflation. Pacific Prime has the perfect way to check on such trends with regards to the world of international private medical insurance (IPMI), with our <\/span>International Private Medical Insurance Inflation Report 2018<\/span><\/a>!<\/span><\/p>\n

Industry insiders, current policyholders, and even those interested in securing their first insurance plan can make good use of the newly released report. This is because when a person that falls into any of these categories is armed with the knowledge of what has happened in the past, they can then make informed decisions about what might happen in the future. Therefore, they will be able to arrive at better outcomes in their purchasing and\/or selling. With this in mind, we will provide an overview of what can be found in this latest iteration of the report for people in Hong Kong, highlighting local trends here in the city, as well as the report\u2019s global findings.<\/span><\/p>\n

\n

\"Individual<\/a><\/p><\/div>\n<\/span><\/p>\n

IPMI Inflation Report 2018<\/b><\/h2>\n

Pacific Prime\u2019s IPMI Inflation Report 2018 has been providing readers with an unprecedented view into year-over-year price increases in the international private medical insurance market for over five years. Each iteration of the report has provided at least five years worth of IPMI price data from a number of the world\u2019s top international insurance companies. In the 2018 edition of the report, data from the following insurance providers has been used:<\/span><\/p>\n

    \n
  • Aetna International<\/span><\/li>\n
  • Allianz Partners<\/span><\/li>\n
  • AXA PPP Healthcare<\/span><\/li>\n
  • Bupa Global<\/span><\/li>\n
  • Cigna Global<\/span><\/li>\n
  • William Russell<\/span><\/li>\n
  • IntegraGlobal<\/span><\/li>\n<\/ul>\n

    Monitoring the prices of similar plans from these insurers may not seem like much of a task in and of itself, but the IPMI Inflation Report 2018 does so much more. Not only is relevant inflation data presented, but it\u2019s also broken down between various countries and regions, including Hong Kong, in order to provide very focused view of local IPMI markets. As well, readers can compare trends between countries and regions to see how specific markets perform against one another when it comes to IPMI inflation. <\/span><\/p>\n

    Of course, presenting data is not enough for a comprehensive discussion of the issue of IPMI inflation. With this in mind, we put a spotlight on some global trends in the IPMI industry within the report. We also use our findings to extrapolate key drivers behind the inflation, whether large or small. From this, Pacific Prime even makes some forward looking statements about our expectations for future IPMI inflation performance in the coming year.<\/span><\/p>\n

    IPMI inflation in Hong Kong<\/b><\/h2>\n

    Hong Kong itself is quite a costly location for private medical care. While the city does provide very affordable public healthcare to residents, the private hospitals in the Special Administrative Region are still home to the 2<\/span>nd<\/span> highest medical costs of any territory around the world, with only the United States being more costly. As medical costs are often directly linked to the cost of health insurance in a country, it is then understandable the Hong Kong is considered a high-cost location in Asia, and typically sees a higher rate of IPMI inflation than is seen in lower cost countries like Indonesia, the Philippines, and Thailand.<\/span><\/p>\n