2022 AUG 17 (NewsRx) — By a News Reporter-Staff News Editor at CDC & FDA Daily – The “MENA Health and Medical Insurance Market – Growth, Trends, COVID-19 Impact, and Forecasts (2020 – 2027)” report has been added to ResearchAndMarkets.com. Overview The MENA health insurance market is expected to grow at a CAGR of over 6% during the forecast period.
The COVID-19 pandemic has affected the health insurance industry and the healthcare industry, as there is an increase in claims during the pandemic. In addition, some companies turned this situation into an opportunity by introducing epidemic-related insurance in their divisions.
The health and medical insurance market in MENA is growing rapidly. Health insurance covers expenses incurred due to illness, disease, death, etc. For any unavoidable event like accident, medical treatment the people can seek insurance from the provider. The market is driven by increasing demand from the health sector, population growth, demographic change, and unhealthy lifestyle of the people.
Health and medical insurance companies have a huge market opportunity To kill areas, such as Saudi Arabia and United Arab Emirates. In United Arab Emirates health insurances are compulsory for residents. According to Abu Dhabi issued Law No. 23 All employers must provide health insurance to employees and their dependents. Where, in Egypt private sector organizations manage the health insurance sector. Key Market Trends Increasing Businesses in Egypt Health Insurance System Universal Health Insurance (UHI) is a group in Egypt to ensure the provision of health care and insurance to the people of the country.
In addition, a number of sources support the UHI system such as the amount paid by citizens of the country, the government budget, government assistance to the poor, general taxes, tobacco tax, co-payments (subsidies), etc.
In addition, under the Universal Healthcare Act, Egypt health care sector to improve the services of insurance and infrastructure provided to citizens. The process involves upgrading hospitals, extending insurance coverage to family members, and providing smart cards.
Also, World Bank and investing $400 Million in Egypt in the creation of a Universal Health Insurance System. These funds support the reform of the UHIS and achieve universal health coverage (UHC) for high quality health care. Private Insurance Evidence of Slow Growth Modern lifestyles such as sedentary lifestyle, poor diet, lack of sleep and physical activity lead to an increase in health problems, thus contributing to health care and insurance growth.
Also, in UAE Over 68% of adults are obese and adults are obese at 27%. Excess leads to serious diseases such as heart disease, cancer, and diabetes.
These difficult behaviors put people’s lives at risk, leading to expensive health care and financial problems. All factors that lead to the growth of personal insurance to reduce financial stress.
Individual insurance is also supported by mandatory health insurance laws in various countries, viz Saudi Arabia, United Arab Emirates.
This insurance covers benefits such as inpatient care, outpatient care, maternity care, emergency care, etc. Key Topics Covered: 1 INTRODUCTION 2 TEACHING METHODOLOGY 3 TEACHING PROCEDURE 4 OVERVIEW OF TEACHING SUPPORT 5 MARKET SEGMENT 6 COMPETITIVE UNITED STATES LANDSCAPE 7 COMPETITIVE LANDSCAPE OVERVIEW 8 APPENDIX Listed Companies National Health Insurance Company (Damn),
National Life & General Insurance Company SAOG
Opinions of the company Aetna Inc.
MetLife Services and Solutions, LLC.
Bisr Life Insurance
The price of AXA shares
Opinion of the company Delta Life Insurance Company Limited.
Dhofar SAOG Insurance Company.
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