Review of the Health Insurance Market in Dubai Dubai Health - - PowerPoint PPT Presentation

Review of the Health Insurance Market in Dubai

Dubai Health Insurance Corporation Ali Fareed Lutfi Dubai World Insurance Congress, February 27th 2019

Summary

• Market Participants
• Market Share
• Market Landscape
• Comparison from a year ago
• Enforcement

*All data shown is accurate as of 31/12/2018

• 50 Insurers Licensed (out of 62 in UAE)
• 23 TPAs Licensed (out of 25 in UAE)
• 163 Intermediaries Licensed (out of 201 in UAE)

Market Participants

*All data shown is accurate as of 31/12/2018

Insurer Dubai Market Shares

22% 13% 10% 8% 8% 6% 6% 3.46% 3.22% 2.37% 2.11% 1.44% 1.43% 1.42% 1.31% 1.24% 1.24% 1.20% 1.01% 1.00% 0.89% 0.89% 0.73% 0.62% 0.52% 0.40% 0.09% 0.09% 0.08% 0.07% 0.05% 0.03% 0.01%

NON PARTICIPATING INSURERS

DUBAI LIVES INSURED

Market Share

*All data shown is accurate as of 31/12/2018

Participating Insurer Market Shares

0% 5% 10% 15% 20% 25% 30% 35% 40% 36% 13% 16% 8% 4% 3% 6% 3% 4% 3% 4% 1% 15% 19% 5% 11% 10% 12% 3% 9% 3% 4% 3% 6% % of LSB % NON LSB

*All data shown is accurate as of 31/12/2018

TPA Dubai Market Shares

42% 39% 20%

16 TPAs 6 TPAs 1 TPA 98% of Dubai the insured population is serviced by TPAs

*All data shown is accurate as of 31/12/2018

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00%

139 Intermediaries 39 Intermediaries 4 Intermediaries 4 Intermediaries

12.82% 25.36% 16.21% 28.45%

Dubai Intermediary Market

2.5% to 0.5% Market Share Above 5% Market Share 4.9% to 2.5% Market Share Less then 0.5% Market Share

*All data shown is accurate as of 31/12/2018

Comparison over the years

6 55 87 148 4 20 139 163 20 40 60 80 100 120 140 160 180 Above 5% 4.99% to 1% Less then 1% Total Licensed Intermediaries 2017 2018

17% Reduction in use of intermediaries since 2017

*All data shown is accurate as of 31/12/2018

Comparison over the years

# of TPAs Market Share # of TPAs Market Share 1 28% 1 42% 6 35% 6 39% 17 16% 16 20% Total Licensed TPAs 24 23 2017 2018

12% increase in insurer utilization of TPAs since 2017

*All data shown is accurate as of 31/12/2018

Market Landscape

15% of lives insured are via Individual Policies 85% of insured lives via group policies 60% of insured population are LSB members 60% of the insured population accounts for 23% of the GWP While 39% of the insured population accounts for 77% of the GWP The Dubai health insurance market accounts for 48.07% of health insurance in the UAE

*All data shown is accurate as of 31/12/2018

• 216 Visits conducted
• 12 Compliance meetings
• 19 Warnings issued
• 104 Fines issued over 18 months

Enforcement

*All data shown is accurate as of 31/12/2018

The End