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The majority of expatriate workers currently on the books with major multinational employers are satisfied with the quality of overseas health insurance afforded to them.
That is the message gleaned from the latest Expatriate Trends study 2013 from the National Foreign Trade Council (NFTC) which revealed an overwhelmingly positive message about the state of the market and those currently linked to expat insurance.
A grand total of 1,511 individual expatriates spread across 140 different countries were canvassed as part of the research, which showcased the impressive level of cover afforded to those taking out policies.
According to the study, an impressive 80 per cent of respondents benefitted from general relocation services, while 63 per cent of those quizzed in the research took advantage of settling-in services. More specifically still, an additional 65 per cent of the canvassed group admitted to receiving medical preparedness.
Added to this, the research also revealed that as much as 78 per cent of those answering the survey, or at the very least a member of their respective families, took advantage of medical care while working in an expatriate role.
More concerning, perhaps, was the statistic that revealed a large proportion of workers under the age of 34 were far less informed about the specifics surround their health plans.
In addition to this, the research showed 59 per cent of respondents admitted a lack of awareness when it came to the repatriation assistance available to them and whether their employer kept close tabs on what happens to them upon returning home.
Commenting on the figures, NFTC vice president for international HR Bill Sheridan said: "It's imperative for employers to ensure that their most valued resource, their human capital, is equipped with all of the information necessary to ensure a successful expatriate assignment.
"Valuable employer-sponsored programmes and services made available to expatriates scarcely yield their intended benefit when they aren’t effectively communicated."
With additional improvements in communication taking centre stage, the next few years could see further enhancements made to overseas health insurance.
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Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.