UAE and Saudi salary updates, Dubai real estate analysis, Corporate Tax changes, major health insurance update and more top stories this week
Health insurance
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Health insurance
UAE launches major health insurance package for private sector from $87 per year
UAE’s Ministry of Human Resources and Emiratisation launches new insurance product for private sector employees and domestic workers
domestic workers
Saudi Arabia introduces mandatory health insurance from July 1
Saudi Arabia has introduced compulsory health insurance for domestic workers
domestic workers
EXPLAINER: New UAE private sector health insurance rules, policies for workforce and wellbeing – All you need to know
The UAE government has issued a series of landmark decisions pertaining to private sector and domestic workers health insurance, labour rights, and more
Dubai Health Authority
Health insurance in Dubai: $5.9bn of transactions, 44m claims, 12,280 packages, 8,894 service providers
Dubai recorded more than 44m health insurance claims last year, up from 100,000 per month in 2013
Health insurance
GCC insurance industry poised for accelerated growth in the next five years: Report
According to the report, Saudi Arabia surpassed the UAE to become the largest insurance market in the GCC in 2022, driven by massive infrastructure development and an increasing demand for motor and medical insurance
Dubai
Dubai healthcare spending hit $5.8bn last year
Dubai Healthcare Authority reports $5.8bn annual spend
Global Health Exhibition
Saudi Arabia announces new plan for national state-funded health insurance by 2026
The National Insurance programme stands out for being state-funded and does not require annual renewal, ensuring coverage for a lifetime
domestic workers
Saudi Arabia announces new health insurance rules for domestic workers: Report
The rules will be applicable when a household in Saudi Arabia employs four or more domestic helps
G20
India proposes creating global pool of health professionals to combat pandemics and natural disasters
The proposal assumes significance in the wake of the huge disparity in the abilities of various countries, especially the underdeveloped and poor one, in handling the Covid-19 pandemic
Abu Dhabi
Abu Dhabi reveals new health insurance for expats, investors
The flexible health insurance policy benefits expatriates residing in the emirate who work in the private sector
Dubai
Dubai announces mandatory health insurance for visitors: Report
The Dubai Health Authority (DHA) is reportedly working to establish a “new mechanism” to ensure visitors have health insurance
Cigna
Saudi Arabia allows entry of a foreign health insurance company for first time
The country’s central bank announced granting license to Cigna Worldwide Insurance Company on Monday
CBUAE
UAE central bank cancels license of IRIS Health Services
IRIS Health Services is a third-party administration service company providing medical benefit and claims administration services
digital healthcare
UAE’s digital healthcare platform processes over 4 million insurance claims worth AED1.2bn in eight months
The e-claims post office is accessible to more than 6,000 doctors, 40 paying agents, and 1,000 health care facilities such as hospitals, clinics, pharmacies, and health care centres
Abu Dhabi
Abu Dhabi-based Daman records 84% growth in profits in three years
Includes 14 percent increase in overall earned instalments compared to 2020; also managed an 18 percent reduction in operational expenses despite 80 percent increase in paid claims
cosmetic surgery
Health insurers in the Gulf face a dilemma of their own making
Correcting facial and body abnormalities due to birth defects, disease, accidents, or aging will undeniably have an immediate and long-term impact on patients’ health and personal life