Welcome to the 2017 edition of Pacific Prime's International Private Medical Insurance Inflation report. This annual report sets out to analyze the premium increases seen from 2009-2016, and presents in-depth analysis on the inflation of the most popular medical insurance plans offered by the top insurers in ten top locations where International Private Medical Insurance (IPMI) is purchased. As with previous years, we have grouped the locations into three regions: Asia, the Middle East, and Rest of the World (excluding Canada and the USA).
While this is an annual report, the last half of 2015 and first three quarters of 2016 were an interesting time in the health insurance industry with intriguing changes being announced primarily regarding the introduction of new insurance products and the recent legislative changes that have made Dubai a country to watch for the foreseeable future. Together, these had an impact on inflation seen in 2016. As such, this year's report has changed slightly in order to reflect these two industry changes:
- New regulatory requirements of mandatory health insurance for all residents in the UAE has meant significant changes to both insurance products, providers and consumers in Dubai, resulting in some substantial premium and plan differences for 2016
- Two providers have been dropped with two new insurers added in their place
We have provided a full explanation of the report changes in the appendix of our report.
At the start of this report, it should be noted that all premiums used in this report are for individual health insurance plans however their inflation trends can be viewed as a reflection of the changes impacting health care plans as a whole. Also, all figures are measured by numerical averages and are not weighted either year-on-year, or by insurance company size.