UAE - AED15.9 bn are the ins. costs of medical treatment in 2019
Thursday, 12 17 2020, Category: Insurance and Reinsurance, Country: U.A.E
The annual report on the insurance sector activity in the UAE market showed that the total claims incurred in the health insurance sector amounted to 15.9 billion dirhams, accounting for 82.1% of the total premiums received by insurance companies in the health sector, compared to claims amounting to about 3.7 billion dirhams for the auto sector, which constituted about 58% of the installments of the total installments.
In detail, the volume of written premiums for all insurance branches reached a total of 44.02 billion dirhams, an increase of 1%, compared to 2018, while the total premiums in the health insurance branch amounted to 19.36 billion dirhams, the share of national companies of which 14.52 billion dirhams, or 75%, and the share Foreign companies, including 4.84 billion dirhams, or 25%.
Source: Teller Report