Review of the Health Insurance Market in Dubai
Dubai Health Insurance CorporationAli 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 Shares22
%
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 INSUREDMarket 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
0
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 GWPWhile
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
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