Peace of mindWherever you
go
WorldWide Medical
Our history
Mission and Vision
Our mission is to guarantee our clients access to the best worldwide medical care, and provide prompt, friendly and timely service to our policyholders through a wide variety of products and the strong support of our staff.
MISSION
Our vision is to become the leading international health insurance and life insurance company of in Latin America, through our extensive knowledge of the business and the strategic alliances developed to maintain the steady growth of our pipeline and the loyalty of our customers and suppliers.
VISION
Our History
1999
2001
2004
2006
Born WWMA in partnership between Zanoni Selig and BHD Financial Center.
WWMA becomes the largest International Health Insurance Company in the Dominican Republic.
WWMA is established in Panama as a center of regional expansion in Latin America. Presence in 3 countries
Opening of WWS to offer international medical insurance for groups in Dominican Republic.
2007
2008
2012
2011
Development and launch of term life products reinsured by Swiss Re.
Zanoni Selig acquires all shares of WWMA from BHD and held the distribution agreement for its products with the institution.
Incorporation of Deutsche Investition und Entwicklungs - Gessellschaft (DEG) as international partner
Start of the Alliance of reinsurance for 5 years with MunichRe by proportional contract
Association with El Roble Group Insurance Company in Guatemala.
2009
Deutsche Investitions- und Entwicklungsgesellschaft (DEG) “…DEG promotes investment only in reasonable projects from the point of view of business and development…”
“…DEG invests in companies that share its commitment to sustainable development…”
“…DEG strives to strengthen corporate governance practices…”
Assets 4,368
Liabilities 1,700
Profit 220
New Business 1,223
New business LATAM 348
Created jobs (thousands) 335
DEG figures 2011 – Million of Euros
New commitments
1962 Founded in Köln (Cologne), Germany 1965 First project in Latin America
2005 First project on insurance
2010 First project on health insurance
2011 First investment as shareholder at insurance company with WorldWide Medical
•Rating AAA/Aaa •Investments in 526 companies in over 80 countries•Partner of Worldwide Medical
Source: www.deginvest.com
2006 2007 2008 2009 2010 2011
930
1,206 1,225
1,015
1,226 1,223
Our Reinsurers
Reinsurers Ranking*
• Rating A1 (Moody’s), AA- (S&P), A+ (AM Best)
• Founded en 1863, in Zürich, Switzerland• Is the second largest reinsurance company
and leader in life• Reassures WMA since 2005• Provides coverage for the entire region
*Source: Federal Reserve New York - Moody's
22.1
14.412.9Lloyd’s
15.1
8.87.2
5.74.8
4.24.14.13.83.33.12.62.52.42.32.2
Allianz S.E.
SCORE
China Re
Gral Ins.India
Korean Re
RGA Re
49.6
London Re
Everest Re
Berkshire Re
SwissReHannover Re
PartnerRe
TRC
MunichRe
AEGONGenerali
MAPFRE
QBE
XL Capital
Primas (Bln USD)
• Rating AA- (Fitch), Aa3 (Moody’s), AA- (S&P), A+ (AM Best)
• Founded in 1880, in Munich, Germany• It is the largest reinsurance company and
leader in health• Reassures WMA since 2005• Provides coverage for the entire region
|Panamanian Insurance Supertintendent Health
And Accident Insurance Rankings by Premium
Totales acumulados al mes de Diciembre 2012
NO C O M P A Ñ Í ASALUD Y ACC. PERSONALES
1 Pan American de Panamá, S.A. B/. 44,961,479.89
2 Compañía Internacional de Seguros, S.A. B/. 35,965,721.43
3 ASSA Compañía de Seguros, S.A. B/. 28,500,131.82
4 Mapfre Panamá, S.A. B/. 27,786,100.43
5 Worldwide Medical Assurance, Ltd. Corp. B/. 26,193,589.09 6 Aseguradora Ancón, S.A. B/. 11,616,289.23
7 Assicurazioni Generali, S.p.A. B/. 11,299,051.73
8 Sagicor Panamá B/. 2,840,168.05
9 HSBC Seguros, S.A. B/. 2,374,371.59
10 Medisalud, S.A. B/. 2,215,460.76
11 Chartis National Union B/. 1,467,442.50
12 Seguros FEDPA, S.A. B/. 1,099,268.18
13 Banesco Seguros, S.A. B/. 521,310.86
14 Seguros Suramericana, S.A. B/. 508,637.38
15 Acerta Compañía de Seguros, S.A. B/. 342,823.77
16 Ace Seguros, S.A. B/. 240,740.12
17 Del Istmo Assurance Corp. B/. 215,604.57
18 Óptima Compañía de Seguros, S.A. B/. 177,136.50
19 Aliado Seguros, S.A. B/. 34,291.29
20 Eastern Pacific Ins. Co. B/. 19,817.18
21 Empresa General de Seguros, S.A. B/. 18,695.18
22 Panamerican Life Ins. Co. B/. 110.90
23 Aseguradora Global, S.A. B/. -
24 Multibank Seguros, S.A. B/. -
25 Nacional de Seguros de Panamá y Centroamérica, S.A. B/. (639,052.57)
T O T A L B/. 197,759,189.88
+ 8,000 MEDICAL
CENTERS
200 COUNTRIES
24/7 GLOBAL CATEGORY
91% SATISFACTION
90% PERSISTENCE
SUPPORTED BY OUR VALUES:
HONESTITY
EMPATHY
LOYALTY
EXCELENCE
Our excellence in service
Our Work System
Onshore sales of products throughout Latin America thanks to the flexibility provided by our operating infrastructure of direct insurance and reinsurance of local companies thus allowing:
• Record production and investments in the region.
• Create a positive impact on local employment.
• Ensuring better coverage backed by Munich Re.
OTHER PROVIDERS, OFFSHORE SALES
LEGAL FRAMEWORKOF WWM
WorldWide Medical
Strategic Alliance
Hospital Chiriqui, is a private institution that was founded in 1988 and has been offering superior healthcare services in the province of Chiriqui ever since. Today the hospital is prepared in this new century to redouble its efforts with the aim to continue offering these services with a core philosophy designed to satisfy increaasingly demanding healthcare in the area.
Today, Hospital Chiriqui hosts many professionals of various areas of health and provides medical care in 40 different specialties. The hospital includes state of the are operating rooms, intensive care unit, neonatalogy, labor and delivery and 24 hour emergency room services.
Chiriqui Hospital
WorldWide Medical
Chiriqui Plan Local Coverage
• Individual or group plan local health
• Admission age 18 to 63 years
• Waiting period 60 daysThe waiting period is eliminated for those customers that maintain other medical insurance policy
• Effective immediately for accidents and infectious diseases
• Major Exclusions:Cosmetic surgeries, mental and nervous disorders, weight management treatments, unreported preexisting conditions
General Characteristics
Chiriqui Plan
LIFETIME BENEFIT
ANNUAL DEDUCTIBLE US$750
COVERAGE
Chiriquí Hospital
Other Hospitals
INPATIENT
Private Room
Intensive Care Unit (ICU)
Recovery Room
Laboratory tests
Prescription drugs in internment
Nursing and medical fees
Image procedures
Diagnostic procedures
US$ 500,000
100%
80%
US$ 200 per day
US$600 per day
100%
100%
100%
100%
100%
100%
Chiriqui PlanOUTPATIENT SERVICES
Inquiries to general practitioners 100%
Inquiries to medical specialists 100%
Emergencies 100%
Test pre & post surgeries 100%
Image studies 100%
Laboratories 100%
Chemotherapy 100%
Radiotherapy 100%
Vaccines (up to 7 years old) 100%
Prescription drugs US$400/80%
ADDITIONAL BENEFITS
Organ Transplant (lifetime limit)
Diálysis (per year)
Physical therapy (per year)
Maternity (per event)
Coverage of the newborn (90 days)
Congenital diseases (lifetime limit)
Medical Care at home (per year)
Hospice care(per year)
Air ambulance services
Ground ambulance services
Life coverage for the holder
US$10,000
US$1,000
100%
US$10,000
US$50,000
40 visits
US$3,500
US$10,000
US$100,000
US$10,000
US$100,000
WorldWide Medical
International Health Insurance
General Characteristics• Age of 18 to 74 years• Does not require medical examinations before age 65 and
the costs will be borne by WWMA• Two deductible maximum per family per year• 60-Day waiting period• The waiting period is eliminated for those clients who
maintain international medical expenses policy• Immediate coverage for accidents and infectious diseases• The maternity benefit is installed from the 11 month• Main Exclusions:
– Plastic surgery, mental and nervous disorders, treatments for weight control,
• Preexisting covered conditions: – If symptoms are active and/or with treatment, the
condition will have a waiting period of two years.• 100% portable policies
International Health Insurance Benefits
• 2 Million dollar per insured renewable annually until the age 100.
• Four different options of deductible from 0 to USD 5,000 per year.Country of residence Outside the country of residence
USD 0 USD 1,000
USD 1,000 USD 2,000
USD 2,000 USD 3,000
USD 5,000 USD 5,000
• International Coverage at 100% after completing the selected deductible.
• Coverage outside the Providers Network, at 70% of the first USD 25,000 and the difference at 100%.
International Health Insurance Benefits
• In Panama or country of residence, Inpatient benefits, emergencies and outpatient surgeries are covered 100% without deductible.
• Outpatient benefits are covered at 100% after completing the selected deductible in and out the country of residence.
• Diagnostic Procedures are covered at 100% after completing the selected deductible (In and outside the country of residence).
• Coverage for transplant procedures, cancer treatment, dialysis and rehabilitation services.
• Extended free coverage for dependents upon death of policyholder for 3 years.
Traveler Assistance CoverageFor insured of WorldWide Medical (Free)
Coverage of USD 10,000, for medical expenses, inpatient and medications, valid for the first 60 days of tripThe benefit re-installs when the insured returns to his country of residence
Emergency Dental Expenses up to USD 250Outpatient prescription drugs up to USD 300Hotel expenses due to convalescence USD 100 per day, up to 10 daysSanitary transfer unlimitedRepatriation after treatment – no limitAccompanying minor - unlimited transferRound trip ticket airfare for relative up to USD 1,000Hotel expenses for a relative USD 50 per day, maximum 10 daysTransmission of urgent messages – unlimitedSearch and transport of luggage and personal effects - without limitAdditional compensation for lost luggage USD 1,200Legal assistance up to $ 1,500
Peace of mindWherever you
goFor more information contact us at 507 366 8300www.worldwidegroup.co
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