Over the last five years, the average yearly rate of inflation for all eight insurers was 8.9% in Thailand – the second lowest five year average out of all countries examined.
(PRWEB) September 23, 2013
Globalsurance has revealed the premium inflation rates for the top medical insurance providers in Thailand, a part of Globalsurance's 2013 International Private Medical Insurance Review.
For the IPMI review, Globalsurance analyzed insurance premium inflation over the last five years in Thailand and in nine other countries – Brazil, China, Hong Kong, Indonesia, Kenya, Philippines, Singapore, UAE, and the UK.
Over 7,680 points of data were gathered from some of the top insurers that operate in these regions – Aetna Global Benefits, Allianz WorldWide Care, AXA PPP, Bupa International, Globality Health, IHI Danmark/IHI Bupa, Interglobal, and William Russell.
Over the last twelve months, the average inflation rate for all eight insurers examined in the study was 7.3% in Thailand. In comparison, the average inflation rate for all ten countries was 8.3%. Out of all the insurers examined, the provider with the highest premium increase in Thailand over the last twelve months was BUPA International with a 10.5% inflation rate. On the other hand, the insurer with the lowest increase was InterGlobal with only a 1.6% inflation rate.
Over the last five years, however, the average yearly rate of inflation for all eight insurers was 8.9% in Thailand – the second lowest five year average out of all countries examined. In comparison, the five year average for all ten countries examined in the study was 9.8%. The insurance provider with the highest yearly average increase over the last five years was Globality Health with 12.4%, and the insurer with the lowest average yearly rate was AXA PPP at 5.5%.
The 2013 Globalsurance International Private Medical Insurance Review includes a complete analysis of insurance inflation in Thailand and the other countries in the study, as well as an analysis of each of the insurers and the industry as a whole.
The complete review is available for free at http://www.globalsurance.com/news/2013/09/25/the-globalsurance-international-private-medical-insurance-review-2013/.