Pacific Prime - The Cost of International Health Insurance Report 2024

This latest report by Pacific Prime zooms in on the average costs of International Private Medical Insurance (IPMI) in 100 locations across the world.

Get free access to expert analysis and a comprehensive overview of the global health insurance market.

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The interplay among consumer behavior, technology, and government policies is creating new paradigms in insurance pricing. Neil Raymond, CEO and Founder of Pacific Prime

What You Can Learn from Our Cost of International Health Insurance Report

The Cost of International Health Insurance Report is an invaluable resource for employers, HR managers, and individuals who are interested in making informed decisions by understanding global health insurance costs and trends.

Our 2024 Report features:

Comprehensive database of IPMI premiums for individuals and families across 100 locations
Spot-on analysis of the drivers of health insurance premiums
Detailed explanations and observations from our regional experts in key markets, including Hong Kong, Singapore, China, Thailand, the UK, the UAE, and Mexico

Explore Individual and Family Health Insurance Cost Trends Around the World

Explore Individual and Family Health Insurance Cost Trends
Around the World

Inflationary Pressure

Global inflation rate increases yearly and premium rates follow. However, a softening of inflation has been observed in most regions except Africa.

High Healthcare Utilization

Certain countries such as China, Thailand, and Dubai are grappling with over-utilization of healthcare facilities and over-prescription of expensive drugs. Consumers also claim for check-ups and other preventive treatments more frequently as they emphasize prevention over treatment.

Technology Integration

Technology such as membership portals and telemedicine are integrated into insurance operation and plan design to reduce administrative costs and provide a much cheaper alternative to face-to-face consultations, respectively.

Flexible Benefits

Flexible benefits have emerged as a solution to rising costs of employee benefits provision. The cost-sharing mechanism makes it attractive to companies looking for an affordable solution that satisfies the workforce’s diverse needs and requirements.

Insurer Movements

Insurers choose to consolidate or exit the local markets under a high claim-loss ratio from soaring inflation and healthcare utilization. The decreased competition reduces insurance options in the market and customers are reluctant to secure expensive plans.