Get Insured with A&H Intermediaries Ltd

Accident and health (A&H) reinsurance is a type of insurance that insurance companies purchase to protect themselves from the financial risk associated with covering accident and health claims. In essence, it's insurance for insurance companies. This allows insurers to manage their exposure to large or unexpected claims, ensuring they remain solvent and can continue to operate. 

Key aspects of A&H reinsurance: 

• Risk Transfer:A&H reinsurance transfers a portion of the insurer's (the ceding company's) risk to another insurance company (the reinsurer). 
• Types of Coverage:Reinsurance can cover various A&H risks, including personal accident, travel insurance, medical expenses, and more. 
• Proportional and Non-Proportional:A&H reinsurance can be structured on a proportional basis (e.g., quota share) where the reinsurer takes a percentage of the risk, or on a non-proportional basis (e.g., excess of loss) where the reinsurer covers losses exceeding a certain threshold. 
• Benefits for Insurers:Reinsurance helps insurers manage their capital, stabilize their financial results, and protect against catastrophic losses.

Growth in the gig economy has opened new pathways for independent contractors to earn income and for companies to get things done. New opportunities can bring risks, such as gaps in work injury coverage. Insurance for the gig economy can help fill those gaps.

 Air crew insurance is a type of cover that protects pilots, cabin crew, and other airline staff from risks related to their jobs. It may cover: 

• loss of licence due to medical issues 
• accidental injury or death 
• income protection during illness 
• legal costs related to job duties 
• medical emergencies while travelling 

Business travel insurance provides financial protection for individuals and companies when traveling for work, covering potential losses related to business activities, equipment, and employee well-being. It typically includes standard travel insurance benefits like medical expenses and trip cancellations, with additional cover for business-related issues like equipment damage or loss, and the potential need to replace an employee on a trip.
Key Features and Benefits: 

• Standard Travel Insurance: Business travel insurance generally includes the same coverages as standard travel insurance, such as: 
• Emergency Medical Expenses: Covering medical treatment and potential repatriation in case of illness or injury. 
• Trip Cancellation or Curtailment: Protecting against financial losses if a trip needs to be cancelled or cut short. 
• Lost or Delayed Baggage: Covering the cost of replacing or repairing lost or delayed luggage. 

Captive Insurance and reinsurance, particularly in accident and health, involve self-insurance arrangements where a company or group of companies creates their own insurance entity to cover risks, often using reinsurance to manage catastrophic events. This approach offers flexibility and control over risk management but also introduces new complexities. 

1. Captive Insurance: A Self-Insurance Approach: A captive insurance company is a wholly owned subsidiary that insures the risks of its parent company (and sometimes other affiliated companies). 

• It's a way for businesses to self-insure their employee benefits, including  health insurance, by taking on the risk of claims themselves. 
• Captives  can operate either as a direct insurer or a reinsurer. 

2. Reinsurance in Captives: Managing Catastrophic Risks: 

• Captives  often use reinsurance to protect against large or unexpected claims.
• For example, Stop Loss Insurance is a common type of reinsurance used by captives to cap their liability for medical claims. 
• This helps manage the financial risks associated with self-funding, especially when dealing with potential catastrophic events. 

3. Benefits of Captive Insurance and Reinsurance: 

• Cost Reduction: Captives can reduce fixed insurance expenses, taxes, and underwriting margins, potentially leading to lower overall costs. 
• Increased  Control: Employers gain greater control over their risk management strategies, including the ability to tailor coverage and choose service providers. 
• Underwriting  Profit and Investment Returns: Captives can capture underwritten profits and investment returns that would otherwise go to traditional insurers. 
• Flexibility: Captives offer flexibility in tailoring medical stop-loss coverage to specific needs, such as deductibles, coverage levels, and service providers. 

Summary: 

Captive insurance and reinsurance in the accident and health space provide an alternative to traditional fully insured plans, offering potential cost savings, increased control, and flexibility, but also requiring careful planning and management of the associated risks and complexities.  is item.

Contingency insurance covers unforeseen events that could cause financial loss, particularly in situations where a primary insurance policy doesn't offer adequate protection or when dealing with low-frequency, high-severity risks. It essentially acts as a safety net, providing coverage for unexpected issues like event cancellations, missing documents, or contingent liabilities in transactions. 

Critical illness insurance provides a lump-sum payment upon diagnosis of a serious illness or condition specified in the policy. This payment can be used to cover various expenses, such as medical bills, mortgage payments, or lifestyle adjustments, allowing the policyholder to focus on recovery. Unlike life insurance, which pays out upon death, critical illness insurance pays out while the policyholder is still alive. Here's a more detailed breakdown: 

What it covers: 

• Critical illness insurance policies typically cover a list of specific illnesses, such as heart attack, stroke, cancer, and major organ failure. 

Emergency medical evacuation (medevac) is the emergency transport of a patient to a medical facility for urgent treatment, often by air ambulance. Medical repatriation is the return of a patient to their home country for further treatment or recovery, typically when they are medically fit to travel. The key difference lies in the destination: evacuation moves a patient to a closer, more equipped facility, while repatriation moves them back home. 

Excess of loss (XoL) accident and health insurance is a type of reinsurance that protects insurers against large or catastrophic losses within their accident and health portfolios. This coverage kicks in after a pre-defined loss threshold is reached, providing a safety net against significant, unexpected claims. 

Excess of loss insurance in the context of accident and health is a form of reinsurance where the reinsurer (the insurer of the insurer) agrees to cover losses that exceed a specific amount for the primary insurer. It's designed to limit the financial impact of large, infrequent events like natural disasters or major accidents that affect multiple insured individuals. 

 How it works:

• Primary insurer (ceding company):The insurance company that sells accident and health policies to individuals or groups. 
• Reinsurer (excess of loss provider):The company that provides the XoL coverage to the primary insurer. 
• Deductible/Retention: The primary insurer retains a certain level of risk (the deductible or retention) before the excess of loss coverage begins. 
• Coverage: The reinsurer pays out for losses exceeding the deductible, up to the agreed-upon limit in the reinsurance contract. 

 Excess Workers' Compensation insurance, also known as stop-loss insurance, is a specialized policy designed to protect self-insured employers from catastrophic workers' compensation claims. It acts as a financial buffer, covering losses exceeding a designated dollar limit or a specific policy limit. EWC is particularly beneficial for self-insured entities and groups who may have difficulty managing very large or frequent claims. 

• Self-Insurance: Many businesses choose to self-insure their workers' compensation obligations, meaning they are responsible for paying claims directly. 
• Excess Coverage: EWC policies are designed to cover the losses that fall outside of the self-insured retention (SIR), a pre-determined dollar amount that the employer is responsible for. 
• Types of Coverage: EWC policies can be structured on a specific or aggregate basis: 
• Specific Coverage: Limits the employer's  financial exposure for a single accident or injury, providing a cap on individual claim costs. 
• Aggregate Coverage: Provides coverage once the cumulative total of losses during a policy period reaches a predetermined limit. 

Global Life Coverage for Ex-Patriots:

International life insurance covers individuals who live or work in multiple countries or have an international lifestyle. Insurers tailor these plans to the needs of expatriates, frequent travelers, and individuals with global connections. It is no different than a life plan purchased in the home country, wherein the policy is a contract between the policyholder and the insurer.

Global Disability Coverage for Ex-Patriots:

Disability insurance is designed to protect your income in case of illness or injury that prevents you from working. When living and working abroad as an expat, securing appropriate disability insurance is crucial, as standard domestic policies may have limitations or restrictions concerning international coverage. 

 High-limit disability, accident, and health insurance provides substantial financial protection for individuals in the event of disability, accidents, or illness, often covering higher benefit amounts than standard policies. It's particularly beneficial for high-income earners, executives, or those in high-risk occupations who need more comprehensive coverage for potential income loss due to disability or unexpected events. 

Key aspects of high-limit disability, accident, and health insurance: 

• Increased Coverage Limits: This type of insurance offers higher monthly or lump-sum benefit pay-outs compared to standard policies, potentially covering a greater percentage of lost income. 
• Comprehensive Protection: It can cover both temporary and permanent disabilities resulting from accidents or illnesses, including specific loss benefits like dismemberment or loss of sight. 
• Tailored Solutions: High-limit policies can be customized to meet specific needs, including coverage for high-risk occupations, international travel, or unique circumstances. 
• Protection for High-Income Earners: It helps safeguard the financial well-being of individuals who earn a significant income and face a greater potential loss of income due to disability or accident. 
• Complementary Coverage: High-limit accident insurance can fill gaps in existing life, health, or disability insurance, providing additional layers of financial protection. 
• Examples of Benefits: Some policies may include accidental death benefits, specific loss benefits (e.g., dismemberment, loss of sight, hearing, or speech), and coverage for medical expenses, evacuation, and repatriation. 
• International Coverage: Many providers offer high-limit disability insurance for individuals working or living internationally, including coverage in high-risk locations. 
• Duty of Care: Some policies are designed for businesses with employees traveling abroad, offering a comprehensive package of benefits, including accidental death and dismemberment, disability, medical expenses, and kidnap and ransom coverage. 

In essence, high-limit disability, accident, and health insurance provides a safety net for individuals and businesses seeking more robust protection against the financial consequences of disability and unforeseen events.  

 Income protection, accident, and health insurance provides a safety net if you're unable to work due to illness or injury. It helps replace your lost income by providing regular monthly payments until you can return to work or retire. This type of insurance is designed to cover a portion of your regular income, typically between 50% and 70%, to help manage living expenses while you recover.

 Key aspects of income protection, accident, and health insurance: 

• Coverage: It protects your income if you're unable to work due to illness or injury, and in some cases, may also cover redundancy. 
• Benefit Payments: Instead of a lump sum, it provides ongoing monthly payments to replace lost income. 
• Waiting Period: There's usually a deferred period (waiting period) between when you stop working and when the benefit payments begin. 
• Benefit Duration: Payments continue until you recover, retire, or the policy ends. 

Individual Personal Accident insurance is an insurance policy that protects a single person in case of death, accident or illness. It covers death benefit, with options for both permanent and temporary disability benefits. 

Group Personal Accident insurance covers employees against financial losses from accidents. It includes cover for accidental death and disability as well as medical expenses. Employers use Group PA to provide their employees with job security and boost their morale to increase their retention rate. 

International Private Medical Insurance (IPMI) is a specialized health insurance policy designed for individuals residing, working, or traveling outside their home country. It offers comprehensive medical coverage that can be used worldwide, unlike domestic health insurance which is typically limited to a specific region. IPMI provides peace of mind by ensuring access to quality healthcare and financial protection against unexpected medical expenses in unfamiliar environments.

International student private medical insurance is a specific type of health insurance designed for students studying abroad. It provides coverage for medical expenses incurred while a student is away from their home country. These plans often offer flexibility, allowing students to choose levels of coverage and add-ons like out-patient or dental.

 Key man insurance, also known as key person insurance, is a policy a business takes out to protect itself financially if a key individual (like a CEO, top sales person, or someone with a unique skill set) dies or becomes critically ill. The insurance provides a lump sum payment to help the business cover expenses like recruiting a replacement, managing lost profits, or transitioning during a challenging time. 

• Purpose:Key man insurance is designed to mitigate the financial impact of losing a key employee who is crucial to the business's operations or profitability. 
• How it works:The business pays premiums for the policy, and in the event of the key person's death or critical illness, a predetermined sum is paid out. 
• Benefits:This payment can be used to cover costs like hiring a replacement, managing the disruption caused by the key person's absence, or potentially supporting the business's financial stability during a difficult period.
  Key people:Key people typically include company directors, individuals in important management positions, or highly skilled/specialist employees. 

Kidnap and ransom (K&R) insurance in the UK provides financial protection and support to individuals and businesses in the event of kidnapping, extortion, or wrongful detention. It covers potential financial losses and provides access to crisis management expertise to facilitate a safe resolution. This type of insurance is particularly relevant for those traveling to or operating in high-risk areas, or for individuals and organizations who may be targeted due to their profile or activities. 

Life insurance and reinsurance play crucial roles in managing financial risks associated with death and pension obligations. Life insurers use reinsurance to spread risk and manage capital, particularly when transferring large pension assets to overseas reinsurers. Regulation in the UK applies equally to insurers and reinsurers, with pure reinsurers facing lighter conduct rules.

 Life Insurance: 

• Purpose: Provides financial security to loved ones upon death, helping with debts, mortgages, funeral expenses, or everyday living costs. 
• Types: Term life insurance (short-term coverage) and whole life insurance (longer-term, potentially with cash value). 

Reinsurance: 

• Purpose: Transfers risk from life insurers to other insurers (reinsurers) to share losses and manage capital. 
• How it works: Insurers ceding (transfers) risks to reinsurers, who then spread those risks among themselves. 
• Examples : Life insurers have significantly increased the amount of assets transferred to global reinsurers in recent years, particularly in pension risk transfer (PRT) deals. 
• Types of Reinsurance: Includes funded reinsurance (where the reinsurer pays for the transferred risk) and excess of loss (XOL) reinsurance. 
• Benefits for Insurers: Risk mitigation, capital optimization, and flexibility in managing liabilities. 

Limited medical insurance refers to health insurance plans with restricted benefits and lower coverage limits compared to comprehensive major medical insurance. These plans are not designed to be a primary form of insurance and are often used to supplement other coverage or as temporary solutions. 

 Key Characteristics of Limited Medical Insurance: 

• Lower Coverage Limits:Limited plans have defined maximums for specific services or treatments, meaning they may not cover all healthcare costs. 
• Fixed Benefit Model:Instead of percentage-based coverage, limited plans often pay out a predetermined dollar amount for each covered service or incident. 
• Supplement to Other Coverage:They can be useful for filling gaps in existing coverage or providing extra protection for specific situations, such as accidents or critical illnesses.
• Lower Premiums:Because of the reduced coverage, limited plans typically have lower premiums than comprehensive plans. 

Types of Limited Medical Insurance: 

• Fixed Indemnity: Pays a set amount for specific services, like doctor visits or hospital stays. 
• Disease-Specific: Covers only costs associated with a particular illness (e.g., cancer or heart disease). 
• Critical Illness: Provides a lump-sum payment upon diagnosis of a serious illness. 
• Accident-Only: Covers costs related to accidents. 
• Short-Term Limited Duration: Temporary coverage for a short period, often used as a bridge between jobs or while waiting for other coverage. 
• Accidental Death and Dismemberment: Pays a benefit for death or loss of limb due to an accident. 

Marine and Super-Yacht Crew Health Insurance provides specialized medical coverage for individuals working on yachts and other marine vessels, both on board and while ashore. This type of insurance typically covers medical expenses, repatriation or evacuation in case of illness or injury, and lump-sum payments for death or disability. It can also include benefits for temporary disablement, often in the form of a weekly payment based on salary. 

 Key aspects of Marine and Super-Yacht Crew Health Insurance: 

• Comprehensive Medical Coverage:It ensures access to medical treatment, including hospitalization, doctor visits, and other necessary care. 
• Repatriation and Evacuation:Covers the costs of transporting a sick or injured crew member to a suitable medical facility or their home country. 
• Disability and Death Benefits:Provides financial support in the event of death or permanent disability resulting from an accident on board. 
• Temporary Disability Benefits:Offers a weekly payment to replace lost income due to temporary incapacitation from illness or injury. 
• Coverage While On and Off Duty:Many policies extend coverage to crew members even when they are not actively working on the vessel, including during shore leave or vacation.

Medical stop loss insurance and reinsurance are both mechanisms used by self-funded health plans to manage risk, but they operate differently. Stop loss insurance protects employers from catastrophic claims by setting a limit on their financial responsibility for employee healthcare costs. Reinsurance, on the other hand, is insurance for insurance companies, where an insurer transfers some of its risk to another insurer (the reinsurer). 

 Stop Loss Insurance: 

• Purpose:Protects self-funded employers from high or unexpected healthcare costs. 
• How it works:Employers choose a specific deductible (for individual claims) and/or aggregate deductible (for total claims). If claims exceed these deductibles, the stop loss policy pays the excess. 
• Types:
  • Specific Stop Loss: Covers claims exceeding a certain amount for an individual employee. 
  • Aggregate Stop Loss: Covers total claims exceeding a certain amount for the entire group of employees. 

Non-governmental organizations (NGOs) and intergovernmental organizations (IGOs) require insurance, but the specifics of their coverage needs differ. NGOs, being non-profit entities focused on social, humanitarian, or environmental issues, often need insurance for their staff, volunteers, operations, and assets, including international health insurance for those working abroad. IGOs, established by treaties between nations, also require insurance for their staff, property, and liability, but their unique international nature and mandates may require specialized coverage. 

NGO Insurance: 

• International Health Insurance:NGOs with personnel working in multiple countries often require international health insurance plans that cover emergency treatment, hospitalization, and routine care.

 IGO Insurance: 

• International Staff Insurance:Similar to NGOs, IGOs need comprehensive health, life and disability insurance for their international staff, such as Embassy staff, including coverage for expatriates and locally hired employees. 

Occupational Accident Insurance is a specialized product line providing coverage for Motor Carriers and Independent Owner Operators.

Occupational Accident Insurance is a form of contingent liability insurance. It provides coverage for owner-operators in scenarios where they might seek protection under the motor carrier’s Worker’s Compensation policy. 

Personal Accident, including Death and Dismemberment (Disability) insurance, provides financial protection in the event of injuries, disability, or death resulting from an accident. It covers various scenarios, including medical expenses, lost income during recovery, and compensation for permanent disability. In the event of accidental death, a lump sum payment is made to designated beneficiaries. Key aspects of Personal Accident, including Death and Disability insurance: 

• Accidental Death Benefit:A payout is made to beneficiaries if the insured individual dies as a result of an accident. 
• Disability Benefits:
  • Temporary Total Disability: If the insured is unable to work due to an accident, this benefit helps cover lost income during the recovery period. 
  • Permanent Total Disability: If the insured suffers a permanent disability that prevents them from working, this benefit provides a lump sum or ongoing payments to compensate for the loss of income. 
• Medical Expenses:The policy can help cover medical costs associated with accidental injuries, potentially including those not fully covered by health insurance. 
• Lost Income:Benefits can be paid to replace lost income during the period of recovery from an accident.

Short-term and long-term disability insurance provide financial protection if you become unable to work due to illness or injury, but they differ in the duration of coverage and payout periods. Short-term disability typically covers a few months, while long-term disability can cover years, potentially until retirement. Short-term disability insurance generally covers a period of a few weeks to a year, providing a temporary income replacement while you recover from an illness or injury. It is often offered as part of an employee benefits package and can be a valuable safety net for shorter-term absences from work. Long-term disability insurance provides a longer-term income replacement, potentially covering you until retirement if you are unable to return to work due to a disability. It is typically more expensive than short-term disability, but it offers greater financial security for more serious or prolonged illnesses or injuries. 

Short-Term Disability Insurance: 

• Coverage: Typically 30 days to 1 year. 
• Payout Period: Limited to the specified duration of the policy. 
• Common Use Cases: Covers temporary illnesses, injuries, or recovery from surgery. 
• Premiums: Generally more affordable than long-term disability insurance. 

Long-Term Disability Insurance: 

• Coverage: Can cover you until retirement or a specified age, depending on the policy. 
• Payout Period: Covers a longer period, potentially years. 
• Common Use Cases: Covers serious illnesses, injuries, or disabilities that prevent you from working for an extended period. 
• Premiums: More expensive than short-term disability due to the longer payout period. 

Key Differences: 

• Duration of Coverage: Short-term is for temporary situations, while long-term is for extended or permanent disabilities. 
• Payout Period: Short-term has a limited payout period, while long-term can provide income for years. 
• Cost: Short-term is generally less expensive than long-term. 

Covering career-ending injuries or temporary disability for a broad spectrum of sports both amateur and professional, providing accident only for accident and sickness coverage. 

Coverage is available for hazardous occupations, such as charitable organizations, NGOs and security consultants working in areas affected by natural disasters and/or civil unrest. NCBR coverage can also be included on a risk-by-risk basis. NCBR - means nuclear, chemical, biological or radioactive material used as a weapon. Losses arising from the use of NCBR weapons can occur as a result of war related perils.