Officials said that the rate of "abuse" or excessive provision of medical services, is declining with the implementation of the electronic linkage system, expecting that the premiums on health insurance in the domestic market of 20 billion dirhams, by the end of this year.
The implementation of compulsory health insurance for residents of Abu Dhabi and Dubai has contributed to the diversification of insurance coverage and the provision of excellent medical services to insurance operators, they said at the 5th annual health insurance conference in Dubai.
Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the Insurance Authority, said: "The UAE insurance market is the largest in terms of level and organization in the Arab world, both in terms of size of premiums, or in terms of high underwriting capacity and diversified insurance fields."
Al-Mansouri said in a statement on his behalf, Mr. Mariam Al-Suwaidi, Executive Vice President of Licensing, Supervision and Enforcement at the Securities and Commodities Authority (SCA), pointed to the strength and solvency of the UAE insurance market as one of the most important tools to confront risks and protect individuals and property from any potential risks. The country has become one of the most active sectors of the economy and plays a vital role in serving the national economy and increasing the growth rates of its contribution to the GDP, which resulted in keeping the market at the level of Arab countries and North Africa in terms of written premiums, The previous ten years.
Al Mansoori pointed out that the implementation of mandatory health insurance for residents in the Emirate of Abu Dhabi and Dubai has contributed to the diversification of insurance coverage and the provision of excellent medical services to the insurance operators. He pointed out that the Insurance Authority, in its role in regulating and developing the insurance sector in the UAE, , And the importance of health insurance for the community, the family and the individual, within the framework of an integrated plan to raise the level of insurance awareness in the state.
"The focus on innovation enhances the quality of health services," said Khalid Mohammed Al Badi, Chairman of the Emirates Insurance Society.
He added that the UAE is placing the health quality index at the top of its strategic priorities in order to establish an effective health system for Saeed society in the fields of health and therapeutic services, artificial intelligence and modern technology, and creating local and international partnerships to develop the research sector according to the best practices and develop health information systems.
"The total insurance premiums by the end of this year are expected to surpass the 20 billion dirham mark," said Farid Lotfi, secretary-general of the Emirates Insurance Society. "The sector is growing at an annual rate of between 8 and 10 per cent," he said. .
"With the implementation of mandatory health insurance, we are expected to see stable growth rates," Lutfi added.
"Four or five years ago, these rates were hundreds of millions of dirhams," Lutfi said, adding that rates of "misuse" or over-provision of medical services were declining as the UAE's e-connectivity system was introduced. .
He added that «any medical procedure, including the disbursement of medicines, enter the system directly, and there is constant control over health services», noting that «all international markets are experiencing these cases».
• The health insurance sector is growing annually by between 8 and 10%.