With the goal to reduce the healthcare cost burden on their governments, GCC countries are moving to healthcare models that require employers to provide some level of coverage, as well as opening up their markets to private insurers.
In this approach, GCC countries are increasingly making health insurance mandatory. While growth in the region‘s insurance premium outpaces the growth in the global market, the insurance penetration remains one of the lowest in the world. These circumstances offer a unique opportunity for private insurers to develop optimal insurance models to fit targeted populations.
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