Blog

By the end of the first quarter of 2023, all emirates in the nation will need to have mandatory health insurance. Officials at the 8th Health Insurance Conference, which took place in Dubai on November 28 and 29, 2022, disclosed this new rule. More than 150 representatives from the insurance and health services industries attended the conference. Currently, of the seven emirates, only Dubai and Abu Dhabi require medical insurance.

The Expansion of Business 

Mr. Fareed Lutfi, the secretary-general of the EIA (Emirates Insurance Association), claims that the nation will result in a rise in total written premiums of about AED50bn ($13.6bn) in 2022 from the mandatory health insurance.

The insurance business is subject to laws and regulations that are being updated in cooperation and coordination with the UAE Central Bank. This will hasten the route of digital transformation and make it easier to provide services smoothly.

Digital Healthcare Platform

The Ministry of Health and Community Protection, one of the UAE's top health authorities, accredited health centers, and the private sector, which comprises operating insurance companies, are eager to link medical records on a digital healthcare platform that has been endorsed by service providers. Midway through 2023 is the anticipated completion date for this process.

The digital platform makes it easier for healthcare facilities and insurance providers to exchange the medical data they have gathered. No matter where or when healthcare is provided, it centralizes information on a patient and the treatments he receives. According to Mr. Lutfi, the federal healthcare digital platform will help both service providers and all clients, and it will lessen insurance fraud.

Coordination and cooperation

Mr. Khaled Muhammad Al-Badi, the chairman of the EIA, emphasized during the conference that coordination and cooperation with the Central Bank were moving along quickly. He noted that the EIA is in communication with the central bank regarding everything about the insurance sector. It comprises those on health insurance, aiming potential solutions at the high cost of healthcare and the essential need for using a tariff system that governs the costs of medical treatment.

In this certain context, purchase health insurance in Dubai at ease with policyhouse.com. 

Compare and customize health insurance at your budget and needs with us!