Darren Manning is the Founder and Managing Director of Global Albatross, a specialist international health insurance brokerage for global expatriates. He started Global Albatross and managed to establish its role in the international insurance market and win multiple Insurance Industry Awards.
Why is health insurance important to expats? How would you convince people who doubt the importance of it to purchase a plan?
In order for expats to remain healthy and in the country chosen as their expat home, it is important for them to protect their health, job prospects and future wellbeing. International policies are endlessly mobile, so continue to cover expats for injuries or medical conditions that develop, as long as the annual premium is paid.
Find out more about Global Albatross from Darren Manning, their CEO, here!
We’ve often heard expats say that if they get injured or become ill, they’ll simply return to their home country. In reality, this can’t occur. An airline won’t accept a passenger who is not fit-to-fly. Diverting their entire flight due to a medical event on board involves massive costs. One of our clients in Asia had this mindset, and he was so grateful that we had convinced him to purchase his cover. Not even two months later, he found himself quite innocently breaking his elbow. This required surgery and US$40,000 of treatment. He said at the time that he was in so much pain, he would never have been able to physically get himself onto a flight, let alone be accepted by an airline, or afford the actual cost of treatment if he hadn’t purchased his policy.
Find out here which are the best countries for expats in 2021!
When doubting the need for an insurance policy, one needs to not only take into account the obvious medical expenses, but the time and opportunity costs as well. Expatriates face a variety of risks while away from their home country and familiar support networks. There is no justifiable reason for them to expose themselves to significant financial risk in order to skimp on their insurance.