Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of 11.5 million individuals by year-end, a report by the Saudi Council of Health Insurance revealed. The target is to reach 25 million beneficiaries by 2030, aiming for health insurance to...
Islamic insurance gross subscriptions reach $1.18 billion in 2021: CBUAE
Abu Dhabi, UAE— The gross subscriptions written by all Takaful insurance companies in the UAE reached AED4.35 billion in 2021, marking a growth rate of 0.51 percent over AED4.32 billion in 2020, the Central Bank of the UAE said in a report. These subscriptions accounted for 9.82 percent of the...
Technology helps GCC health insurance get stronger
All this can be achieved by integrating automation, providing transparency, customizing services whenever required. Also, insurers are moving towards segmentations on the back of digitization and data that enables this transition from generic fit for all plans to more meaningful and tailored plans for the policyholders, he adds.
GCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent
SNIC Insurance outsources health insurance to Health 360°
SNIC Insurance will outsource the management of its health insurance to Health 360 due to its international and regional partners Health 360° has acquired a substantial market share of the health insurance industry in Bahrain The Saudi National Insurance Company (SNIC) Insurance will outsource the management of its health insurance...
