UAE – AED 11.3 billion health insurance cost in 2015
Friday, 10 14 2016, Category: Insurance and Reinsurance, Country: U.A.E
The statistics issued by the Insurance Authority show that the total cost of health treatment for insured employees and workers in the country reached AED 11.3 billion with a 21.5% increase compared to year 2014. And the statistics indicate that health insurance claims represent 54.6% of total claims in all insurance lines of business in year 2015 compared to a percentage of 51.6% in year 2014.
Two directors of insurance companies said that the increase in health claims paid by insurance companies is governed by many factors such as the increase in the number of insured and the absence of control on health service providers.
Source: Emarat Al Youm