Diverse, dynamic and dramatic. These are probably the three best words to describe the Latin America international private medical insurance (IPMI) market – at least based on an initial introduction.
Health & Protection’s first roundtable event in the region in association with Flywire brought together experts from the intermediary, insurer and service provider sectors to share their insight and expertise of the healthcare needs of a population of more than 600 million people.
It would be naïve to think such a vast region could be easily placed under one banner, but the sheer breadth of diversity in the market should not be underestimated by those engaging in it.
Furthermore, it is highly dynamic in a near-constant state of flux, with potential for growth and fresh opportunities, along with possible risks, appearing everywhere.
And it is also known to be just a little dramatic; where once fertile regions of growth can swing in an instant to becoming barren landscapes, while other quieter lands become energised into exciting, upbeat markets.
And far from being isolated, the region is becoming more global in outlook with its population heading ever further abroad in search of quality healthcare, with insurers and providers looking to enable these moves.
This is creating challenges and opportunities for those working in the sector, but the message from the panel to those looking to explore it was clear – be careful as the potential for mistakes to become expensive is very real.
Download the roundtable supplement by clicking the front page below or by following this link.
