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 27 th 2019

Summary • Market Participants • Market Share • Market Landscape • Comparison from a year ago • Enforcement *All data shown is accurate as of 31/12/2018

Market Participants • 50 Insurers Licensed (out of 62 in UAE) • 23 TPAs Licensed (out of 25 in UAE) • 163 Intermediaries Licensed (out of 201 in UAE) *All data shown is accurate as of 31/12/2018

*All data shown is accurate as of 31/12/2018 22% 13% 10% 8% 8% 6% 6% 3.46% 3.22% 2.37% 2.11% 1.44% DUBAI LIVES INSURED 1.43% 1.42% NON PARTICIPATING INSURERS 1.31% 1.24% Market Share 1.24% 1.20% 1.01% Insurer Dubai Market Shares 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%

Participating Insurer Market Shares 40% 36% 35% 30% 25% 19% 20% 16% 15% 13% 15% 11% 12% 10% 10% 8% 9% 5% 5% 6% 4% 3% 4% 3% 6% 4% 3% 3% 0% 3% 4% 3% 1% % of LSB % NON LSB *All data shown is accurate as of 31/12/2018

TPA Dubai Market Shares 16 TPAs 1 TPA 20% 42% 39% 98% of Dubai the 6 TPAs insured population is serviced by TPAs *All data shown is accurate as of 31/12/2018

Dubai Intermediary Market Above 5% Market Share 4 Intermediaries 28.45% 4.9% to 2.5% Market Share 16.21% 4 Intermediaries 2.5% to 0.5% Market Share 39 Intermediaries 25.36% Less then 0.5% Market Share 12.82% 139 Intermediaries 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% *All data shown is accurate as of 31/12/2018

Comparison over the years 180 163 17% Reduction in use of 160 148 intermediaries since 139 140 2017 120 100 87 80 55 60 40 20 20 6 4 0 Above 5% 4.99% to 1% Less then 1% Total Licensed Intermediaries 2017 2018 *All data shown is accurate as of 31/12/2018

Comparison over the years 12% increase in insurer utilization of TPAs since 2017 Market # of TPAs # of TPAs Market Share Share 1 28% 1 42% 6 35% 6 39% 17 16% 16 20% Total Licensed TPAs 24 23 2017 2018 *All data shown is accurate as of 31/12/2018

Market Landscape The Dubai health insurance market accounts for 48.07% of health insurance in the UAE 15% of lives 60% of 85% of insured are insured insured lives via Individual population are via group Policies LSB members policies 60% of the insured population accounts for 23% of the GWP While 39% of the insured population accounts for 77% of the GWP *All data shown is accurate as of 31/12/2018

Enforcement • 216 Visits conducted • 12 Compliance meetings • 19 Warnings issued • 104 Fines issued over 18 months *All data shown is accurate as of 31/12/2018

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