Pacific Prime joins Worldwide Broker Network

cyber attacks

HONG KONG – Leading insurance intermediary Pacific Prime has just been announced as the newest Asia Pacific Region member of the Worldwide Broker Network ™ (WBN), a global network of commercial insurance brokers and employee benefits consultants.

Connecting with more than 100 firms across six continents, Pacific Prime is now in a better position than ever to support its clients with the same high standard of customer service it delivers now. Becoming a Worldwide Broker Network member gives the Hong Kong-based intermediary access to a much wider network of leading brokers than before, which will help to support Pacific Prime in providing client-centric solutions.

“Ultimately, it’s about expanding our reach and services for the good of our clients.” says Pacific Prime CEO, Neil Raymond. From its beginnings in Hong Kong, Raymond has grown the company to include 400 staff across seven offices.  “The privilege of joining such a comprehensive organization of brokers is one that supports our client-centric focus and we look forward to offering the WBN our 17 years’ experience in the Asia Pacific region.”

WBN Chief Executive, Francie Starnes, has welcomed Pacific Prime’s membership. “Pacific Prime is bolstering the representation of WBN in the Asia region, which is a critical and growing market for our network. We welcome this expansion of client based services to our members, and look forward to adding Pacific Prime’s expertise to the expansive network.”

The WBN boasts local knowledge and experience through its global network, made up exclusively of top quartile firms that are independently owned and managed. It encourages cross-border collaboration and operates under a member-to-member accountability model that promotes quality service whilst still maintaining the independence of its member firms.

Global Director of Corporate Accounts at Pacific Prime, Pierre de Mirman, will be the primary contact for all Employee Benefits and Property & Casualty opportunities. Working with the WBN to meet membership standards, de Mirman says his team are keen to utilize the benefits of the Network to widen Pacific Prime’s insurance solution capabilities for its corporate clients.

About Pacific Prime

Pacific Prime was founded in 1999 by Neil Raymond as an expert P&C and Employee Benefits consultancy. Headquartered in Hong Kong, the company operates from a number of licenses in many countries around Asia and the Middle East, serving more than 500,000 clients with its over 60 insurer relationships.

Website: https://www.pacificprime.com/

About the Worldwide Broker Network ™

Founded in 1989, Worldwide Broker Network has grown from nine member firms in Western Europe to more than 100 firms spanning the globe and serving clients through 500+ offices in six continents. Today, as an important part of the insurance industry’s distribution network, WBN generates over $5 billion in P&C and Employee Benefits revenue annually.

Website: https://wbnglobal.com/

###

PP’s Neil Raymond featured in new IPMI interview

Globe to showcase IPMI

Over the past couple of years, Pacific Prime has been striving to launch an increasing number of beneficial reports on the International Private Medical Insurance (IPMI) industry. Our latest report published in the summer of 2016, the 2016 Cost of Health Insurance Report, has enabled clients and industry professionals alike to gain greater understanding of the cost of health insurance around the world and the major contributors driving these prices.

One of the biggest findings from this report is the fact that the US is once again the highest cost location for international health insurance. While there are many factors that contribute to the high cost of medical insurance in the US, one thing we highlight in the report is the fact that the Affordable Care Act has had a huge influence on what you can expect to pay for insurance.

ACA and international coverage

Since its implementation in 2014 many international insurers have been working on getting plans launched that not only meet the strict ACA mandates but also provide both inbound and outbound American tax payers worldwide health coverage.

In early November, a new international health plan that provides international coverage while also being ACA compliant was launched from Cigna. We believe that this is the start of a new trend and as such have created a new ACA information portal. This portal is designed to provide both inbound and outbound taxpayers everything they need to know about the mandated health insurance coverage.

What are Pacific Prime’s thoughts on the ACA and the cost of health insurance?

In the insurance industry, the release of the cost of health insurance report and the introduction of ACA compliant plans for international expats and residents has created a number of talking points, especially around how these will impact one another.

To that end, Pacific Prime’s CEO and Founder Neil Raymond sat down with Global Health Insider for an exclusive interview on the topic. The interview, available to read now on their website, covers a wide variety of topics including:

  • The recent launching of an ACA-compliant international health insurance plan.
  • Key findings from our latest cost of health insurance report.
  • Dubai’s rise to prominence in the international health industry.
  • Important IPMI trends
  • And more.

Check out the interview now for an exclusive in-depth look in at international health insurance.