What you will learn from our regular "update" communications
This regular update will keep you informed of developments in the healthcare funding and health insurance market in MENA and beyond. It will also keep you updated on events, market direction, government health funding initiatives and what we see as the latest trends in this important sector. If you do not wish to receive these updates please click the "unsubscribe" button at the foot of this page.
All eyes on Oman. Join our 2nd Consilient Health Insurance Roundtable - Oman
Our second Oman Health Insurance Roundtable set for 14 January at the Radisson Blu Hotel in Muscat is attracting senior figures from insurers and third party administrators. Not only are we receiving acceptances from local companies but there are also delegates from a significant number of companies who are not yet licensed to operate in Oman or who are considering a market entry.
If you are an existing market participant or a potential entrant you really must not miss
this chance be part of the discussion of the latest developments in the Sultanate. A small participation fee of 560AED/59OR is payable to cover costs.
Catering is provided throughout the morning followed by a seated buffet lunch in Olivo's restaurant.
Technology the focus for the 3rd Consilient Health Insurance Roundtable - Dubai
The theme of this Roundtable is "The Digital Disconnect: can insurers in the Middle East avoid extinction?" This event is scheduled for Thursday 25 January, just ahead of the major Arab Health event which includes the Arab Health Insurance Forum (see below).
We aim to have a series of presentations from globally present IT companies who are offering "insuretech" solutions. It will offer valuable insights for regional insurance
executives as to how they can survive the coming onslaught of "insuretech".
This will be a free to attend event for Roundtable members. Non-members will be charged a nominal fee of 500 AED.
Is the Egyptian health insurance market worth considering?
We now know that the health insurance scheme for Egypt which has taken 6 long years to develop has now been approved by government and awaits presidential approval.
However, this will not be a private health insurance alternative as has been implemented for expatriates in UAE and KSA. This is essentially a social health insurance scheme for Egyptian nationals that will require employee and employer contributions to a fund that will be administered by the Health Insurance
Authority with both public and private healthcare delivery services being contracted and paid for from the fund by a separate Health Authority.
The Executive Regulations are yet to be drafted. We therefore see no scope for insurance companies to benefit from this system although there do appear to be gaps in capability such as third party administration services.
There are also concerns voiced by the Insurance Federation of Egypt about the viability of the
scheme with some citing a lack of health care facilities and a lack of claims handling capacity.
We would be happy to undertake market exploratory work for TPAs interested in this market.
Consilient presents to Dubai Roads and Transport Authority
Consilient recently presented at the Dubai RTA HSE Annual Open Day. The topic that Robin Ali, Head of Practice, was asked to discuss was the adverse effects of the usage of "smart" devices upon health.
The event was attended by over 100 members of the senior management team of RTA.
Consilient will be involved in a number of conferences next year. In January Robin Ali will be moderating a panel session at the Arab Health Middle East Health Insurance Forum on the topic of insuretech and the digital disconnect between regional insurers and technology solutions.
In March he will be speaking at the Global Health Insurance Conference in Prague organised by ZS Events on the subject of "Strategies for Claims Cost Containment and Health Improvement
Using Data Analytics"
For those of you interested in medical tourism, International Medical Travel Journal (IMTJ) is holding its 2018 Summit in Athens in May. Robin's topic will be "Reality or hyperbole? The true attractiveness of Middle East healthcare destinations"
One of our services is the preparation of health insurance market study reports for market participants considering an entry into or an expansion in the region. The most popular countries at present are Oman and Bahrain, both of which will be launching mandatory health insurance in 2018.
We provide customised reports based upon whether the client is an insurer, reinsurer, broker or TPA and whether they are regional or international.
These are not "copy and paste" reports, a technique used by some consulting firms to maximize revenue from minimal effort.
We can provide you with customization to meet your needs and budget. Please click below to send us an enquiry.