KSA – SAR 1167 avec health ins. Claims
Monday, 09 03 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The average annual claim per person during the past year reached SAR 1167 compared to SAR 1168 in year 2016. Total spending on health insurance claims reached SAR 15479 million in year 2017 compared to SAR 14548 in year 2016, which represents a 6.4% growth.
Moreover, the Council of Cooperative Health Insurance revealed that the frequency of health insurance claims increased remarkably, so it reached 88% in year 2017 compared to 78% in year 2016. Furthermore, the total health insurance claims incurred increased by 14% and reached SAR 16071 million in year 2017 compared to SAR 14144 million in year 2016.
Source: Al Watan Online