The rise of the expat families -
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The rise of the expat families

Research carried out by AXA PPP healthcare revealed that
expats are more likely to be families with young children rather than
career-driven people that we may associate the term with. Only a few years ago,
the majority of expats were made up of single and career minded
people, looking to advance their line of work and seek better pay.

It would seem that this has drastically changed, with research revealing that an estimated 45% of aspiring expats are those with families
and children
. Only a small fraction at 13% are single and moving abroad for betterment
of their career. This is changing the way in which expatriate
healthcare insurance is looked at.

The fundamental reason
for moving has changed over the years. Recently the majority of expats
have moved for a range of reasons including dissatisfaction
with the quality of life in the UK as well as an unequal and poor balance
between work life and home life. Some are moving for better pay, some because
of benefits and others to escape the poor economic outlook. 10% of people
are moving for sunnier and warmer climates.

This is a stark contrast from a mere five years ago, when
most aspiring expats were relocating for the sole purpose of finding new and
better jobs.

A better quality of life is why families as a whole are moving
abroad, and as a result, expat travel insurance and expatriate medical
insurance are becoming increasingly important covers to consider. This is despite the
fact that the majority of expats are moving to Europe where the quality
of healthcare is considered to be more than adequate. Only a small percentage
are looking to move to Asia.

Despite the surge of the expatriate movement, research suggests
that some end up returning to their home country sooner than they had thought due to a number of issues including cultural difficulties, unforeseen accidents,
financial problems and homesickness. This highlights how important it is
for aspiring expats to take careful consideration before deciding to move

Expat medical insurance is a necessity when planning to move
abroad. It is vital to find a plan that covers yourself as well as your partner and children under a single policy.

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