UAE - Insurance and pension sector growth expected
Saturday, 01 02 2016, Category: Insurance and Reinsurance, Country: U.A.E
The Nexus Group which operates in the insurance fields and financial consulting in the UAE said that it expects an increased commitment of companies in securing health insurance for their employees as well as an increased demand for retirement programs in addition to the expansion of individual saving plans in the insurance market of the UAE during year 2016.
Mr. Tarun Khanna the CEO of Nexus Group said that the Emirati insurance market is ready to achieve continuous growth in health insurance given the introduced regulations along with the increased awareness.
Mr. Khanna confirmed that the legislative framework has paved the way to the improved availability of health care and access to treatment when needed indicating that compulsory health insurance will naturally need to an increased demand since businesses will have to buy insurance to their employees and families.
He indicated that health insurance is not the only sector that will witness significant growth as more and more companies will also seek to provide retirement pensions.
Source: Mubasher Info