The health insurance market examined in the United Arab Emirates

According to the main findings of the report, and of primary interest to international health insurance providers, the value of the United Arab Emirates health insurance market reached US $ 6.6 billion in 2020. As of 2020. future, the publisher expects the market to exhibit strong growth in 2021-2026.

An evolving private health sector

Research and Markets Report found: “The UAE has a large and rapidly growing private health sector funded by the government, providing high quality health care to the people. Health insurance policies are an integral part of the health infrastructure because they cover the costs associated with the medical and surgical expenses of the insured.

Major health insurance providers in UAE were identified in the report as AXA Gulf Insurance, Abu Dhabi National Insurance Company (ADNIC), Emirates Insurance Company, Oman Insurance Company. All income, according to the report, is determined by government policies that encourage health insurance enrollment among the local population, as well as make it compulsory for expatriates.

Research and Markets said, “With a population of approximately 9.6 million, the UAE is among the fastest growing economies in the GCC region. In addition, the government is also playing a major role in increasing the penetration of health insurance in the region. In Abu Dhabi and Dubai, the government provides health insurance to all of its citizens. Likewise, Ajman’s government provides health insurance to all of its employees. In addition, Abu Dhabi and Dubai also require employers to provide health insurance coverage to their employees. In addition, due to the growing economic diversification of the country and continued immigration, per capita spending on health services has increased. Other factors, such as the increase in the number of lifestyle-related illnesses and the rising costs of medical treatment, are also driving the market in a positive way. “

About Tammy N. McFarlane

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