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Businesses in the region are becoming more transparent about their employee data collection process.
Employers are ensuring that they partner with a trusted employee benefits provider with a good track record of GDPR compliance.
Brexit is set to have a significant impact on the UK insurance landscape. To retain talented EU employees, employers will need to ensure that their benefits are implemented and managed optimally.
The potential privatisation of the NHS has resulted in an increase in demand for international private health insurance. This is largely due to the restrictions of the NHS, along with the waiting times for GP appointments and treatment. Since UK plans offer limited coverage, clients will need to purchase an IPMI plan if they want more benefits, such as a private GP or maternity cover.
Medical insurance inflation is likely to be an issue that won’t go away anytime soon, with UK employers expected to pay an additional 4.3% for employee health insurance this year. The growing demand for mental health services is likely to result in an increase in costs as well.
Telemedicine has the potential to be a cost containment tool, as it is typically a more affordable option than visiting facilities in person. In fact, international insurers are starting to embrace telemedicine to reduce costs related to outpatient treatment.