Announcing Pacific Prime’s Cost of International Health Insurance Report 2023

Announcing Pacific Prime’s Cost of International Health Insurance Report 2023

July 18, 2023
News

Every year, the Pacific Prime team looks forward to the announcement of their latest Cost of International Health Insurance Report. So without further ado, we’re delighted to announce the 2023 edition of the annual report is ready for readers to dive into. 

The Cost of International Health Insurance Report 2023 explores the complex and constantly changing world of international private medical insurance (IPMI) premiums and, in true Pacific Prime fashion, simplifies it so everyone from corporate executives and HR professionals to individual policyholders and curious readers has a well-rounded understanding of what has changed in the IPMI sector and the direction it’s headed. 

Along with informing readers on the average costs of IPMI premiums globally, the report also takes a closer look at the key drivers that influence them. It provides pricing data from 100 locations to rank average IPMI premiums for individual and family plans, as well as analysis from industry experts and significant global and regional trends. 

Curious to get a sneak peek of what the Cost of International Health Insurance Report 2023 offers? This Pacific Prime CXA article will give you a snapshot of the report. For those who are ready to start reading, head to the download page to get your free copy now. 

Exploring the Cost of Global Health Insurance 

When it comes to buying insurance for your workforce or yourself, one of the first things you’ll want to know is how much health insurance costs in a specific location. It’s beneficial to have some idea regarding the cost of health insurance, along with insurance market trends. 

For that reason, Pacific Prime gathers data from 100 locations across the globe every year to determine the cost of international private medical insurance premiums (IPMIs) and rank them accordingly. If you’re wondering why the focus is on IPMIs, the answer is pretty simple: They are one of the most in-demand expat health insurance plans. 

Global Health Insurance Costs in 2022

While the Cost of International Health Insurance Report 2023 covers all 100 locations and various insurance market trends in more detail, the following is a preview of the average individual and family IPMI premiums in different locations across different continents. 

Location

Average individual premium in 2022 (USD $)

Average family premium in 2022

(USD $)

US

$9,817

$28,250

Canada

$4,229

$11,500

Hong Kong

$7,810

$22,067

China 

$5,274

$16,241

Dubai 

$5,687

$17,637

Singapore

$7,028

$20,351

Thailand

$3,594

$11,683

Mexico

$5,386

$15,209

Brazil

$5,289

$15,073

UK 

$5,314

$14,723

Switzerland

$5,441

$15,121

Australia

$4,911

$13,802

Algeria

$4,216

$11,611

South Africa

$4,426

$12,232

What Readers Can Take Away from Our Cost of International Health Insurance Report

With Pacific Prime’s own “simplifying insurance” motto top of mind, the Cost of International Health Insurance Report 2023 is packed with valuable information that’s easy to understand, whether you’re in the insurance industry or not. The convenient table of contents comes in handy for skipping to a section that piques your interest. 

However, this year’s is as concise as can be (while remaining informative), making it an enjoyable read that won’t take up too much of your time. You’ll have a well-rounded view of international private medical insurance (IPMI) premiums and the key drivers shaping them on a global scale, and be able to answer questions like: 

  • Which location had the highest health insurance costs in 2022?
  • What are the main factors impacting private health insurance costs worldwide in 2022?
  • How many locations experienced a rise in their average IPMI premiums compared to 2021?

Get Your Complimentary Copy of the Cost of International Health Insurance Report 2023 Today!

Dive into the ever-evolving world of international private medical insurance (IPMI) premiums by downloading your copy of the Cost of International Health Insurance Report 2023 now!

If you’re looking to secure an international private health insurance plan or ensure your current policy still meets your needs, don’t hesitate to reach out to us

Happy reading!

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