UAE – Weak control over health insurance claims
Friday, 03 11 2016, Category: Insurance and Reinsurance, Country: U.A.E
The weak control over health insurance claims leads to the evaporation of a large part of premiums and destroys profitability.
The General Manager of Middle East Partners for Insurance Consulting Mr. Musa Al Shawahin said the losses of the health insurance sector are due to the weaknesses of the claims departments of these companies and the abuse of insurance contracts by customers, service providers as well as the burning of prices by some insurers.
He also indicated that the annual inflation is the main factor that constitutes a burden on insurance companies. Therefore, the total cost of all insurance services increases according to general inflation as well as the new technologies and equipment, which also contribute to the cost increases.
Source: Al Roeya - UAE