IPMI report sheds light on facts and figures for international healthcare
The report, from Research and Markets, has the latest information, facts and figures, and research on healthcare, health insurance, and insurers present in 177 countries
Key findings from the report show that digital nomads are increasing as a segment of the globally mobile population – the number of people working digitally has increased. Employers have seen that employees in certain sections can work partly or fully online. Over 50 countries now have digital nomad visas and most demand that the nomad provides proof of health insurance.
Entry to countries
The IPMI market is a dynamic one that is fast moving. However, numbers aren’t always easy to quantify. Many countries now require all entrants to the country - visitors and expats – to have health insurance in some form or other, but again this is often vague as to whether it is IPMI or travel health.
Compulsory health insurance
- More countries now require that all non-citizens have PMI or IPMI.
- Compulsory health insurance in Azerbaijan, Bahrain, Jordan, Maldives, Mexico, Pakistan, and Qatar
- Universal health insurance in Cyprus, Egypt, India, Morocco, Nigeria, Saudi Arabia, and Tanzania.
Expats
- There is an increasing tendency for nationals and companies working overseas to have IPMI with an insurer or broker based in their home country.
- The number of expats is increasing.
Insurers present in countries
With insurers and brokers buying and selling and entering into major partnerships, which company is where has greatly changed, according to the report, which demonstrates a massive growth in regional insurers in PMI and IPMI.
IPMI market
Research and Markets states: “You may have seen reports that claim that IPMI business has fallen and this is not true. For 2021, several countries report a large uptake in IPMI and PMI. For 2021 and 2022 IPMI insurers reports more customers and more revenue.” According to insurers, the increase in waiting lists at state hospitals has driven people to buy private healthcare and health insurance.