HONG KONG–(BUSINESS WIRE)–#COVID19–Global health insurance brokerage Pacific Prime�s latest report examines international private medical insurance (IPMI) premiums in 100 locations and finds that a number of locations IPMI premiums have decreased for both individuals and families. This is due to a number of key factors, chief of them being the unprecedented COVID-19 pandemic.
Pacific Primes Cost of International Health Insurance Report 2020-2021 begins by ranking countries based on their average IPMI premiums. The US takes the number one spot, with average premiums of USD $7,703 for individuals and USD $21,817 for families. At the bottom end of the spectrum, Thailand had the cheapest average premiums of USD $1,934 for individuals and USD $7,257 for families.
From the 100 locations studied, up to 36 countries showed a decrease in IPMI premiums, compared with the previous year, as the COVID-19 pandemic has caused people to avoid/delay seeking healthcare treatment, and countries to impose lockdown measures. In addition to the overarching trend in IPMI premiums, the report also sheds light on region-specific trends including:
Download a free copy of Pacific Primes Cost of International Health Insurance Report 2020-2021 to learn more about the aforementioned trends, as well as to contextualize them with the key drivers shaping health insurance including the changing demand for care, cost of care, increased regulation, continued challenges related to fraud, and the rise of insurtech.
About Pacific Prime:
Established in 1999, Pacific Prime is an award-winning insurance brokerage, operating out of its headquarters in Hong Kong and regional offices strategically located across Asia, the Middle East, Europe, and the Americas. The brokerage is dedicated to simplifying insurance for individuals, families, and corporates. To learn more, visit: https://www.pacificprime.com/
Contacts
Stephen Ho, Marketing Director – Pacific Prime and Kwiksure
+852 3589 0508
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