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.
International Health Insurance Forum program builds
11-13 September, Dubai
The Consilient produced International Health Insurance Forum - Middle East and Africa Event - 2018 is progressing well. We have 6 global brands sponsoring the event including two global health insurers, a software house, a health data analytics company and one of the world's largest pharmaceutical companies.
Our final program will include 22 high ranking speakers with international experience, 7 of which are already fully confirmed.
This "boutique" event will each feature more than 20 highly respected speakers with international experience relevant to the Middle East and Africa regions. The event will also focus on attracting a quality audience of senior decision makers and influencers limited to no more than 70 delegates to ensure that networking opportunities are maximised.
These events will be exclusive, the intention being to attract the highest profile speakers and a high profile
IHIF 2018 will commence with an evening reception on 11 September with the main conference being held on 12 & 13 September. The venue will be The Palace Hotel, Downtown Dubai, United Arab Emirates. Click the button below to register your interest and receive further details. No payment required until 1 August.
If you would like to be involved either as a sponsor please click the button below to request details of the packages available. At present packages include Gold and Silver sponsor, Day One Lunch sponsor, Forum Brochure sponsor and Forum Delegate Bag sponsor.
Become an exhibitor for just 3,800 USD including two free passes!
An extremely cost effective way of attending the Forum. Just 3,800 USD will give you an exhibition table in the main auditorium with space for a roll-up banner and table to display marketing materials and comes with two delegate passes worth over 2,600 USD.
If you would like to take exhibitor space please click the button below to register your interest.
Oman and Bahrain - what's the situation with mandatory health insurance?
In September last year at the Middle East Health Insurance Conference held in Muscat, the Capital Market Authority of the Sultanate of Oman announced that it would implement mandatory health insurance from 1 January 2018. Six months since that date little further has been heard although we would expect some developments because the next edition of that conference, again in Muscat and under the patronage of CMA, is set for late September!
Regarding Bahrain, the
health insurance law was signed by His Majesty King Hamad bin Isa Al Khalifa a few weeks ago and we have it on good authority that tenders will be issued for just one Third Party Administrator to manage the government funded Bahraini nationals program whilst a tender will be issued to select 3 insurance companies to insure the expatriate population.
UAE: Will physicians' behaviour change given recent legislation?
Following the 2016 Medical Malpractice Law, on 25 December 2017 the Minister of Health and Prevention issued a resolution approving a Code of Ethics and Professional Conduct for Health Professionals (the "2017 Code"). Both of these instruments are now in full force, but will they stop over-prescribing and illegal financial incentives, practices that endanger the sustainability of the health insurance system in UAE?
Our view comes from discussions with
regulators. Simply, regulators will act only if they receive reports of alleged wrongdoing. It is therefore essential that not only payers but also patients register complaints to the relevant authorities if they have suspicions or evidence of wrongdoing.
M&A activity - is it building? Finally, we think that it is
After more than 10 years of consultants claiming that the region is on the cusp of huge M&A activity in the insurance sector yet very little happening, we believe that circumstances may now provoke shareholders to rethink their strategy of holding a "pet" insurance company within their portfolio and consider divestment.
The catalysts for this are increasing capital requirements, solvency reporting, tougher accounting standards, fierce competition and the
increasing need for smarter distribution models using technology that requires capital investment.
Our Head of Practice, Robin Ali, has been close to senior executives and shareholders of regional insurers for many years. He already has evidence of potential buyers and sellers. You may want to talk to him discreetly.
Expanding your footprint in the Middle East?
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.