Allegiant Global Partners, a global insurance services agency for HR, Compliance and Risk professionals, has released the 2018 Allegiant Global Trends Survey. A first of its kind initiative, this report summarizes findings from a recent survey of global health insurance carriers and shares insights into global trends in international Medical, Dental, Life, Accidental Death & Dismemberment (AD&D) and Long-Term Disability (LTD) rates. It also provides a performance rating of carriers covering US Expatriates and Third Country Nationals in challenging geographies.
The 2018 study represents a comprehensive view of the current Global Benefits market. Six preeminent global benefit carriers representing 4.5 million insured Expatriate and Third Country National members responded with useful insights into a diverse array of sectors including non-profit, education, oil & gas, financial services and information technology. The survey tracks key metrics such as premium and financial information, provider breadth, employee and employer resources. The 2018 Survey is intended to serve as an informational resource and educational tool for all constituents of the global benefits ecosystem.
The Allegiant Global Trends Survey 2018 reveals the increasingly complex dynamics of global markets:
- There have been several new entrants to the global healthcare insurance and ancillary services market, long dominated by a small handful of existing insurance companies
- Because of new options in the marketplace, a wider variance in rates is observed, along with a particularly wide dispersion in medical benefits rates between US Expats and Third Country Nationals.
- US Expat plans remain lower overall as compared to the average domestic-only health insurance premiums, with Third Country Nationals priced even lower.
These findings have important implications for international employers trying to manage complex workforces. More than ever, expertise in global benefits is required in order to successfully navigate a complex and dynamic market for such benefits while balancing the need for cost containment.
About Allegiant Global Partners
Allegiant Global Partners is a global insurance services agency for HR, compliance and risk, professionals. We create solutions for our clients in global human resources; international risk management including Emergency Evacuation, Kidnap, Ransom, & Extortion, and global commercial property & casualty risk; and global employee benefits including Medical/Health, Dental, Vision, Life, Accidental Death and Dismemberment (AD&D), Long-Term Disability (LTD) and Short-Term Disability (STD). As an industry leader, Allegiant employs a team of highly trained and experienced global professionals. Our experience enables us to custom design solutions to any global organization’s specifications, budget and scale. Our team has 100+ years of global marketplace experience with some of the top brands in the industry.
For more information, please visit: www.allegiantglobalpartners.com