Kuwait – Increasing health fees, a weight on insurers
Tuesday, 01 10 2017, Category: Insurance and Reinsurance, Country: Kuwait
The CEO of First Takaful Insurance Co. Mr. Hussein Al-Attal said that the insurance sector in Kuwait will be one of the most affected sectors by the new tariff, which is used to determine the cost of treatment and hospitalization in Kuwait and the related increase in medical fees.
Mr. Al-Attal added in a statement to the “electronic Al Qabas” that the health insurance contract sold by insurance companies to customers is the main cause of losses in the insurance sector. However, companies are engaged in this line.
Moreover, Mr. Al-Attal asked the ministry of finance to speed the allocation of lands to the establishment of new private hospitals in order to improve competition in the pricing of health services.
Source: Al Qabas