Gulf Insurance News : Experts Say Underpriced health insurance premiums set to rise in 2022

They claimed that interest for health insurance is strong in the Northern Emirates which are yet to make it compulsory for residents.

Dr Yasser Khalifa, executive vice president and head of employee advantages, Oman Insurance Co., said there is an increase in awareness and the everyday market is getting developed post Covid-19.

Khalifa estimates that premium rates are supposed to increase from 8 to 10 % in 2022.

As per Badri Consultancy, the listed insurance agency in UAE enlisted a rise of 7 % premiums in 2021, rising from Dh24.40 billion in 2020 to Dh26.09 billion this previous year. As many as 16 out of 29 listed firms exhibited growth this past year.


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