Increasing Regulation Of Health Insurance As Compulsory Coverage Approaches

BMI View: As the Gulf Cooperation Council (GCC) is pushing the financial burden of healthcare on to individuals, through the mandating of compulsory health insurance, regulations will be strengthened in tandem with the booming demand for insurance. Healthcare insurance, particularly Islamic insurance, presents opportunities in the UAE but the overly competitive market has too many providers and this is undermining profitability. We believe the consolidation of smaller insurers will accelerate in the short

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