Brokers should seize business in growing iPMI market - Aviva

clock

International PMI brokers could take advantage of UK employers increasingly looking overseas for business opportunity, Aviva has said.

An Aviva survey showed 58% of employers were sending staff overseas with the emerging BRIC featuring prominently on the list of destinations.

One in five employers said that they had sent more employees abroad in the past few years; a further 13% were looking to increase the number of staff they send abroad.

But 68% described the re-location process as challenging with 60% citing different regulations in relation to issues such as health provision as "the biggest headache".

Half of employer respondents said they struggled to get the rewards package right, and a further 57% said staff access to medical support was a key priority.

Teresa Rogers, international business lead at Aviva UK Health, said: "International private medical insurance gives employees the peace of mind that they can access medical support whenever they need it.

"But we should not lose sight of the fact many assignments fail because employees do not have the emotional support they need to help them settle into a new culture. Giving workers access to additional services such as 24-hour access to a doctor and specialist counselling support can make all the difference."

She added it was crucial companies appreciated not all products on the market were the same, and research should be encouraged.

The Aviva relocation trend report canvassed the views of employers and their employees on issues relating to international relocation.

Author spotlight

Nicola Culley

More on International PMI

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read