International private medical insurance (IPMI) is flourishing. There are more globally mobile individuals than ever before – and employers are building businesses in more diverse countries.
IPMI was traditionally considered an exclusive health insurance plan for expatriates. Now, the definition of an expatriate is obsolete because more people, including local nationals and expats regularly travel internationally, due to their lifestyle, income and careers.
These people need international medical insurance irrespective of their national status or residency. Local nationals, expats, and global nomads, are driving demand for IPMI products well beyond any residency classification.
The globally mobile population has grown dramatically along with increased global business. There are 66 million expatriates, and by 2020 this will be 87.5 million. 260 million people now live away from their country of birth and within a decade the total number of expatriate workers and international students will be 100 million.
