Heading off 300% premium hike
Australian urban planning, design and development company, Urbis, were referred to us by another client, when they found themselves presented with a proposed 300% premium hike for medical cover for their expatriate team in Dubai.
Bellwood Prestbury covers a large number of senior expatriate executives in Dubai, and we were able to use our knowledge and contacts to improve the level of cover and avoid the hike in premiums.
Our approach involved moving their cover to a local Dubai provider with global capabilities and cover. The policy has the added benefit of direct settlement options for both inpatient and outpatient treatments in the Middle East with the option for Expats to return home for elective treatment in Australia. We even managed to negotiate for all their expatriates to be transferred without ant pre-existing conditions being excluded.
This comprehensive policy not only provided better cover, it actually reduced costs, so Urbis enjoyed a reduction in premiums instead of the 300% increase demanded by their existing insurer.