Saudi Arabia – Unified policy will boost health premiums by 10%
Saturday, 12 10 2016, Category: Insurance and Reinsurance, Country: Saudi Arabia
The health insurance portfolio in the Kingdom is expected to grow by 10% when the unified model insurance contract is adopted. This unifed contract will help limit manipulation and abuse in the local market by eliminating the issuance of fake insurance contracts.
The report prepared by Namar Insruance and Reinsurance Brokers of which “al Jazirah” received a copy yesterday expects that the health insurance portfolio in the Kingdom will reach approximately SAR 19 billion, which is a 4.9% growth rate compared to first quarter of the current year in which premiums reached SAR 18.1 billion.
Source: al Jazirah