MSH International enters the IPMI market in Germany with majority holding of BDAE
As of 1 July 2017, MSH International has become the new majority shareholder in the BDAE Group.
The BDAE Group was established in 1995 with the founding of an association called the Bund der Auslands-Erwerbstätigen (BDAE) e.V. (Association of People Working Abroad) by Andreas Opitz and Silvia Opitz to provide international insurance solutions for people living abroad, as well as for companies sending employees on overseas assignments.
According to a study by OECD, approximately 3.4 million Germans presently live outside Germany. Finnaccord reports that about 57 million people currently live abroad for private or professional reasons. And this figure is rising by 2.9% each year. BDAE provides German and international expats and emigrants with premium-quality, worldwide insurance cover at an affordable price, and assists HR departments with their global mobility processes.
Worldwide insurance cover at affordable prices
Under the management of Andreas Opitz (62) assisted by Philipp Belau (30), Commercial Manager, the BDAE Group, thanks to the cooperation with MSH International, will now be able to bring greater flexibility to its international health insurance products, and tailor them even more effectively towards bigger corporate groups.
“As Germany is Europe’s largest economy, it seemed logical to us to offer our services there as well. We have found an excellent partner in the BDAE Group, whose experience will be of great benefit to us in the German-speaking expat world. At the same time, we are providing the Group with an opportunity to further expand its B2B commerce and invest in innovative projects,” says Frédéric van Roekeghem (56), Executive Director at MSH International.
Holding shares in BDAE Group MSH International enters the German market for international private medical insurance. The corporation, which operates as a managing general underwriter (MGU) and third party administrator (TPA), has thus far enjoyed particular success as one of the world’s leading insurance providers in Southeast Asia, the United Arab Emirates, Canada and France. To clarify: In Germany, an MGU is comparable with an insurance solutions developer, while a TPA primarily serves as an insurance provider specialising in regulating insurance claims.
“Our mutual area of business is a huge growth market, and our range of products and services complement each other perfectly. With MSH International, we have found an experienced player to help us offer our customers abroad the very best services and security” says the Managing Director of BDAE, Andreas Opitz.