The insurer with the highest rate of inflation over the last twelve months in China was Globality Health with 34.1%, and the insurer with the lowest inflation rate was InterGlobal at 1.6%
(PRWEB) September 18, 2013
As part of Globalsurance's 2013 International Private Medical Insurance Review, the company has revealed the premium inflation rates for several of the top insurers in China.
In the IPMI review, Globalsurance examined insurance premium inflation over the last five years in China and in nine other regions – Brazil, Hong Kong, Indonesia, Kenya, Philippines, Singapore, Thailand, the UAE, and the UK.
Globalsurance gathered over 7,680 points of data from eight top insurers, all of which operate in the aforementioned regions. The insures include Aetna Global Benefits, Allianz WorldWide Care, AXA PPP, Bupa International, Globality Health, IHI Danmark/IHI Bupa, Interglobal, and William Russell.
For the eight insurers in the study, the average yearly inflation rate over the last 5 years was 11.0% in China, 11.6% in high-cost Asian countries (Singapore, Hong Kong, China), and 9.8% for all ten countries in the study. For the last five years, the insurer with the highest average yearly rate of inflation in China was Globality Health at 20.9%, and the provider with the lowest increase was Allianz Worldwide Care at only 6.5%.
For the last twelve months, the average inflation rate for all eight insurers was 10.7% in China, 11.0% in high-cost Asian countries, and 8.3% for all ten countries in the study. The insurer with the highest rate of inflation over the last twelve months in China was Globality Health with 34.1%, and the insurer with the lowest inflation rate was InterGlobal at 1.6%.
The 2013 Globalsurance International Private Medical Insurance Review contains a more detailed analysis of insurance inflation in China and the nine other regions in the study, as well as a review of each of the eight insurers and the industry as a whole.
The full review is available for free at http://www.globalsurance.com/blog/the-globalsurance-international-private-medical-insurance-review-2013-677820.html.