Egypt – Health Self-Insurance Takes Over the Egyptian Market
Friday, 05 22 2015, Category: Insurance and Reinsurance, Country: Egypt
Dr. Mohamed Moeit, Assistant Health Minister of Egypt, has revealed that health insurance statistics in Egypt indicate that the number of private companies contracting with insurers specialized in the health care field is declining as these companies are opting for health self-insurance services instead. In health self-insurance, companies rely on their administrative system without resorting to any insurance company. This procedure provides employees with better and more inclusive health services compared with the services provided by insurers who impose too many conditions that are regarded as unsuitable by some.
Moeit also added, on the sidelines of the first Regional Insurance Brokers Congress, that private companies resorting to health self-insurance serves as a warning to medical insurance companies to review the terms and conditions they impose on companies and aim to make them more flexible in order to bring in more clients.
Source: Al Youm Al-Sabe’a