TFG Global & Expat Financial Exhibiting at PDAC 2018 in Toronto

As an extremely experienced global insurance brokerage with an extensive client list from around the world operating in the mining resource space, TFG Global and it’s Expat Financial division will be attending and exhibiting at the PDAC 2018 convention in Toronto from February 4th till the 7th, 2018. As a proud member of the Prospectors & Developers Association of Canada (PDAC), we are excited to participate in the event where we hope to meet other suppliers and executives from the mining industry who will be attending from around the globe.

The event will take place at the  Metro Toronto Convention Centre with 1000 exhibitors and over 24,000 attendees from over 130 countries. Our firm has worked with mining companies with operations around the globe for many years, including those operating in high-risk countries. We encourage mining executives, especially those in CFO, Operations and Human Resources positions, to visit our booth number 6428N in the Trade Show North pavilion.

We hope to meet small and large mining companies which require global mining insurance solutions for their expatriate staff posted at remote mining sites around the world. We offer international group insurance plans that include:

If your company is operating in the global mining space, we would be pleased to examine your current requirements and policies while obtaining quotes from the market that will adequately meet our company’s duty of care to your employees posted overseas. Mining employees posted overseas are a valuable and sought-after resource, so it makes sense to work with an expat insurance specialist firm that can help source the best coverage that will both retain and attract mining talent.

We will also attend the Canada Africa Chamber of Commerce mining breakfast on March 6th, 2018. Our firm has extensive experience in covering mining employees in Africa. In fact, in 2015 we saved a mining company in Africa over $400K per year in expat life insurance premium after they agreed to let us quote on their global benefit plan after three years trying to get a meeting. If your firm is in need of a global mining insurance coverage, please visit our booth at the PDAC or contact us today.

TFG Global will be exhibiting at Canadian Employee Relocation Council conference

TFG Global Insurance Solutions Ltd. and its division Expat Financial will be exhibiting at the Canadian Employee Relocation Council conference in Calgary that is running from September 10th till 12th, 2017. The CERC is an important membership-based organization that was formed to provide service, leadership and assistance in the relocation of employees both domestically and globally. The CERC has over 600 members in Canada and around the world. David Tompkins noted that “TFG Global is very pleased to be exhibiting at the Calgary conference in 2017 and hope that we will meet members of the relocation service community and global HR managers who assist their employees in relocating overseas.”

David also mentioned that “TFG Global has become a key resource for multinational employers in Canada and also in many parts of the world that require global insurance solutions for their expatriate workforce for short and long-term assignments. We can source global medical, evacuation, life, disability, AD&D, special risk and other related international insurance plans on both a group and individual plan basis.”

David Tompkins will be providing a short presentation titled “Global Benefit Plans 101” that will provide details on the services that our firm can contribute to global employers in the private and public sector. It will also offer some valuable tips for Global HR professionals on how to effectively run an international group insurance program along with ways to reduce expat insurance costs.

TFG Global strongly encourages anyone who manages a global workforce to attend the CERC conference in Calgary, Alberta, Canada and to attend our presentation on global benefit plans. We will also be giving away a $100 Amazon gift card, so please don’t forget to visit our booth and learn more about the international insurance expertise and services we provide.

Hong Kong is celebrating the 20th anniversary of its return to China

July 1, 2017, is the 20th anniversary of Hong Kong‘s return to China after many years under UK rule. President Xi Jinping is visiting Hong Kong for the 20th return anniversary. After around 100 years as a British colony region, Hong Kong was handed over to China in 1997 under the “One Country, Two Systems” agreement. Hong Kong is known for its advanced healthcare system, excellent transit system and an active nightlife. It is a popular destination for expats from around the world, and many coming from western countries find it relatively easy to adapt.

Cantonese and Mandarin are the dominant languages in Hong Kong, but English is also widely spoken so it can be an easy place to adjust for expatriates living there. As a global city, English is taught at schools. In fact, there is a constant need for expat native English speakers at both international schools and adult English learning institutions. Hong Kong is also recognized as a prosperous global business center. If you’re used to a fast-paced lifestyle, then Hong Kong is the place for you. It also has an excellent health care system for expats and locals alike.

Communities and organizations across China mainland will be celebrating the 20th return anniversary, from gala shows and culture festivals to fireworks, sporting events, and exhibitions. Expats living and working in Hong Kong are encouraged to explore the various events and celebrations. All travellers are welcomed to discover Hong Kong by participating in major events and activities taking place in the region.

For more information on celebration events and publicity materials, please visit the official site of Hong Kong’s 20th return anniversary or click here for events brochure:

Road accidents in Thailand are a big risk for expats

Thailand is a bustling and vibrant country at the heart of South-East Asia, and as a popular expat destination, it has much to offer. However, according to a recent article from the BBC, 478 people lost their lives on the roads in just seven days over the New Year period in 2017. Unfortunately, like many developing countries, road accidents in Thailand pose a significant risk for expats. In this article, we will briefly review the high incidence of road accidents in Thailand, road safety tips for expats and how this higher risk highlights the importance of having global medical insurance in Thailand.

Road Accidents in Thailand 

According to a 2015 World Health Organization report, Thailand’s road death rate is one of the highest in the world. In fact, on January 2nd, 2017, a public van lost control and collided on a highway and 25 people were killed in the crash. Between December 29 and January 3rd, 478 people died in 3,327 accidents according to the Department of Land Transport. It has also been reported that road accidents involving tourists and expatriates in Thailand are quite common. In fact, the World Health Organization reports that there were 36 road related traffic deaths a year per 100,000 people in 2015. The British foreign office in 2013 even launched a road safety campaign to cut the number of UK expats injured and killed while living abroad, especially in countries such as Thailand.

As reported by the Vancouver Sun newspaper, in January 2017, two Canadian women travelling in Thailand were involved in a car accident in Thailand. One died and the other suffered severe injuries and did not have any travel medical insurance. She is now faced with large medical bills.

One of the main reasons for road accidents in Thailand is speeding. However, other factors such as the rise in population, congestion in urban centers and highways, and too many cars and vehicles in cities, are all causes of road deaths. Luckily, the Thai government is implementing new road and safety projects and high-rise roads to improve the traffic conditions. In Thailand, many of the deaths and injuries involve scooters and motorcycles.

expat healthcare if critical

How to Increase Road Safety as an Expat in Thailand 

As a popular international destination, many expats choose to work and retire in Thailand. Just because there are more frequent road accidents doesn’t mean you should not enjoy life in Thailand. Here is some common sense road safety tips for expatriates in Thailand:

  • If you want to drive in Thailand, it is advised that you always follow the legal speed limit.
  • When crossing road intersections, don’t rush to pass.
  • If you need to ride a motorbike or bicycle, wearing a helmet is mandatory, but not usually enforced. However, it is well recommended, as motorcycle accidents make up 70% of all road accidents in Thailand.
  • Expats living in Thailand should take extra care when walking in the city.
  • Your risks of a road accident increase when you ride or travel at night, so try to limit your road use to the daytime
  • Avoid riding quad bikes as they can be dangerous and illegal.
  • Check out the UK Foreign Office website for Road Safety Overseas.
  • Before you enter Thailand and travel the roads, make sure you are covered by international health insurance. Make sure your health plan covers you if you are riding a motorcycle.

Railay beach, Krabi. Thailand

Medical Facilities in Thailand 

In major cities such as Bangkok in Thailand, the standard of medical facilities is generally quite good. Both public and private hospitals are available in Thailand. The public hospitals have reasonable standards of medical care and are used by the majority of Thai nationals. However, expats will want to skip the long queues of public hospitals and use private medical facilities with English speaking medical staff. If you are traveling the roads in more rural areas, the medical care you receive in the event of a road or pedestrian accident may be substandard. According to the UK Foreign and Commonwealth Office, many private hospitals in Thailand are equivalent to western standards. Although the cost of medical treatment is reasonable in Thailand, expats should obtain international health insurance with medical emergency coverage before departure in the case of emergencies.

Obtain International Health Insurance in Thailand 

As one of the most visited countries in Southeast Asia, Thailand is a popular destination for expat worldwide. In 2016, a man from BC was visiting Thailand and while traveling by scooter he was run over by a large truck. Barely clinging to life with severe injuries, he barely survived. The Canadian did not have adequate medical coverage and his hospital bills quickly ran up to over $170,000 USD. This is an unfortunate reminder of the importance of international health insurance for expats living in Thailand.

If you are planning to work, live, and retire in Thailand, most expatriates will want to obtain an international health insurance plan that will cover medical treatment in Thailand, but also globally. A good plan should not only cover accidents, but also illnesses. Expatriates in Thailand should make sure that their plan includes medical evacuation and repatriation coverageExpat Financial can source international health insurance for expatriates in Thailand from large and respected international insurance companies. If you are travelling the roads and highways in Thailand, contact us today for a quote and to discuss your Thailand expatriate insurance requirements.

China’s air pollution and its health impact on expats – Expat insurance

With its rich historical heritage, China attracts more and more visitors & expats from around the globe. However, in recent years, due to its fast growth in economies and industrialization, environmental issues – especially air quality – has raised a broader concern for tourists and expats in China. Many major cities have been affected by smog. In this article, we will discuss China’s air quality situation and how it will impact expats relocating to China.

China’s Air Quality Study

According to a new study of air quality in five major cities by a team of researchers at Peking University, Guanghua School of Management, among Beijing, Shanghai, Guangzhou, Chengdu and Shenyang, the most favourable city is Guangzhou, the capital of Guangdong province, next to Hong Kong. The second best is Shanghai. Actually, based on the statistical report, expats relocating to China would want to settle in the Southern area to minimize exposure to polluted air.

The reason why Guangzhou and Shanghai are better is that they are closer to the sea and have more rainfall, according to Mr. Chen Songxi, a statistician at Peking University. He recommends the government cut down emissions.

Beijing has some of the worst pollution problems in China. This is because this exciting and crowded city has more than five million motor vehicles along with a heavy manufacturing and coal power plant presence. Though strong north winds during the fall and winter help clear the air, that still doesn’t address the source of the problem – car emissions, heavy industry, and power stations,

In addition, Beijing often experiences sandstorms during Springtime, which can make air quality even worse. The skyline can turn orange due to the sandy weather. Pedestrians often have to wear masks to protect themselves from the dust.

Health Impacts of Smog on Expatriate’s Health

Some expats are refusing work assignments in some Chinese cities because of the high rate of pollution. Here are some health impacts for locals and expats residing in highly polluted cities:

  • Air pollution can impact food safety in China, likely because of smog can inhibit photosynthesis in plants
  • Expats with pre-existing medical conditions can have their medical health impacted by air pollution, especially those with asthma or COPD
  • Children, elderly and children are more susceptible to the impact of pollution
  • Air pollution can irritate your eyes and lungs
  • Decreased lifespan caused by the increased chance of conditions such as bronchitis or even cancer
  • Decreased lung function

If you are concerned, check with your doctor on how you can mitigate the impact of China’s air pollution if you are going to become an expat there.

Will high pollution levels make expats think twice before moving to China? 

One of the largest considerations for expatriates thinking of moving to China is the prevalence of hazardous levels of air pollution in the city centers, especially in Beijing. Recently in both 2016 and early 2017, there have been extreme pollution levels that make going outside hazardous for your health. This is a big concern for expatriates, especially those with families. Some expats will want to choose an expat assignment in a Chinese city with the lowest air pollution levels. A city near the ocean is an obvious choice.

What You Can Do 

The Chinese government has been working hard to solve air pollution issues and is making some progress. In the meantime, expats residing in China would want to look at the following tips in order to stay healthy and safe:

  • Check the weather report often, so that you can be more careful when choosing to go outdoors
  • Purchase green plants for your home or your office help with air purifying
  • If smog levels are high, wear masks when going outdoors. You can buy masks at convenient store and supermarkets, but make sure you invest in a high quality mask with a high pollution blocking rating
  • If there are severe air pollution warnings, don’t go outside if possible.
  • Think about moving to a city in China that has less air pollution

Bring International Health Insurance

Air pollution can severely impact your health if you are living in China, which is another reason to maintain a global medical plan. If you plan to stay in China to work and live there for some time, it is strongly suggested that you obtain quality expat health insurance. With the current air pollution situation in China, you will want to protect yourself and your family from health-related issues. Although in many major cities there are some satisfactory public hospitals for expats to choose from, the method of payment and the quality of medical treatment may be inadequate. For the popular choice of foreign-run hospitals, expats are usually required to make payment in advance before receiving medical treatment. It can be very expensive for emergency treatment and medications in most of the international hospitals. You may want to get an out-patient medical option in your health coverage if you are going to live in a city with smog as you may have to visit your doctor more often.

With a comprehensive expat health insurance plan, you and your family can be covered for medical expenses, hospitalization and treatments, medicines and emergency evacuations. If you are going for a short visit to China, then most people will purchase travel medical insurance for up to one year. Some Chinese embassies require proof of health insurance before issuing visas especially if you are a foreign student. If you are planning to reside in China, it is critical that you purchase an international health insurance plan that will not only cover you in China but globally as well – including back home.

Expat Financial offers several different international health insurance plans for expatriates of any nationality across the world. We also offer excellent service before and after you purchase your international health insurance plan. Our firm is also very experienced in sourcing group plans for multinational firms with expats in China. If you have questions about our international medical insurance plans or you want to discuss your unique needs and produce a customized expat quote, please contact us or complete the quote form.

Why Singapore is a great place for expats to live

According to the BBC, a recent new HSBC report has named Singapore as the best place to live abroad for expats. The survey was conducted by interviewing around 27,000 people who rated 45 countries on subjects such as salaries, experience and family. Results showed that more than 60% of those questioned found Singapore brought them higher earnings and helped their career progress. In this article, let’s discuss why Singapore is one of the best places to live abroad for expats.

Higher Earnings 

According to the survey, the average income of expats is around $97,000 USD, however, in Singapore, expats’ average earnings is $139,000. Besides, about 23% of them earn more than $200,000 USD.

Higher Quality of Education 

About 75% of the expats rated the quality of education as better than at home. The main language of instruction in Singapore is English. Singapore’s education system is widely regarded as “world-leading.”

Good Place to Start a Business 

58% of the surveyors thought Singapore is an excellent0 place to start a business. Singapore has made starting a business easier by combining tax registration with business registration on a single online form. It is widely known that Singapore is very business friendly and you will have easy access to the entire Asian region.

Healthier Living Environment in Singapore 

Singapore is considered as the ‘Happiest country in Asia’ in a study reported by ABC News. Singapore residents and expats appreciate the safe and clean society. According to HSBC, half of the participants felt they were healthier living in Singapore.

Bring International Health Insurance With You

Luckily, the medical facilities in Singapore are excellent, but the cost of care is also extremely expensive. Most expatriates will want to obtain international medical coverage if residing in Singapore. Medical evacuation is recommended along with a plan that provides global medical treatment. A plan that will provide reimbursement for medical expenses via a large network of hospitals is recommended. Many expats should also obtain worldwide life and disability insurance coverage if they live in Singapore.

Here is a list of different types of insurance coverage you will want if you are planning to become an expatriate in Singapore:

If you require a quote for insurance coverage for Singaporecontact Expat Financial today for a quote and to discuss your Singapore expatriate insurance needs.

Top Ten Questions and Tips For Expats Moving Abroad

Moving overseas is a major and exciting life change. If you are are thinking of becoming an expatriate, there are questions to  ask several things to look into before moving abroad:

travelbag

  1. Check to see how much support your expatriate employer will provide you in your move abroad
  2. Check with your spouse to make sure he or she is OK with this move abroad. Many expat assignments will fail because the spouse can’t stand living abroad.
  3. Talk to people and research the country and the position. There’s lots of information on expat websites.
  4. Travel to the country you will be moving to experience what life will be like there entirely. Don’t base it on a holiday experience.
  5. If you have children, what are the schools and childcare services in that country? Will your employer pay?
  6. Will your employer full pay for your travel expenses, including return trips to your home country during the year?
  7. Check on the tax implications of your move abroad. Talk to an expat tax adviser to see if you should become a non-resident for tax purposes.
  8. Will your spouse be able to work abroad? Can she seek employment in the new country?
  9. What housing will your employer provide? Is it in a good area and close to schools? If you are going on your own, will you sell your house and buy a property abroad or merely rent?
  10. Make sure your employer will provide adequate global medical insurance that will cover you abroad as most expats do not want to rely on local health plans. Also, think about expat life and disability insurance for you and your family. If you are not being put on a group expatriate insurance plan, then you will have to look into international insurance coverage. Expat Financial offers a variety of plans for both multinational employers and individual expatriates, including international health insurance.