While expat clients remain the bread and butter of the international health insurance sector, there's been a noticeable uptick in the prevalence of affluent local buyers.
The world is aging and people are living longer. Seniors are more likely to have developed chronic conditions, which makes insuring them more difficult.
As health insurance costs continue to increase, clients are taking more time to choose plans that only have the benefits they want, and nothing they don't necessarily need.
If there's one thing we've learned from 2018, it's that businesses aren't shy about shopping around for group health insurance. This gives ample opportunity for innovative providers that can shine from their competition in 2019.
The ease that comes with a strong digital offering is desired by many, but businesses still value and want to establish strong relationships with brokers and insurers that are built on trust.
Compliance has become a major issue for insurers globally, which has forced a number of insurers to stop selling offshore international health insurance in certain jurisdictions.