Saudi Arabia – 3 insurers control 80% of health ins. Market
Friday, 08 24 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
Three insurance companies in Saudi Arabia “Bupa Arabia, Tawuniya and Medgulf” control around 80% of the health insurance market in the Kingdom whereas 6 other companies control only 10% of the market. Finally, the remaining 10% market share belongs to 18 other insurance companies with less than 1% market share for every company.
Moreover, the last report of the Council of Cooperative Health Insurance revealed that the number of health insurance contracts sold decreased by 72% compared to year 2016 due to the implementation of the unified contract.
Source: Al-Watan Online