Expat Banking and Finance


Globalisation of expat jobs changing the healthcare insurance market

by Ray Clancy on January 1, 2013

Globalisation of expat jobs changing the healthcare insurance market

Expats will need international health cover from an ever increasing range of locations as 2013 is likely to see more employees moving to different destinations, it is claimed. Driven by demand, countries like Brazil, Russia, India and China, some of the fastest growing economies in the world, are likely to increase their expat populations and thus the need for health insurance and benefits to cover these kinds of places, according to international firm Jelf Employee Benefits.

Places such as Azerbaijan, Kazakhstan, South America and African countries are also likely to see an increase in expats taking up jobs in sectors where their expertise is needed. The firm points out that offering affordable but comprehensive policies will continue to be the main predicament facing insurers and employee benefit consultants in 2013. The challenge arises due to a number of factors including a broadening of ‘mainstream’ destinations, a rise in demand for additional benefits and an increase in the complexity of local markets. [click to continue…]

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