RSA Insurance, a leading provider of insurance services in the region, announced today that they will be launching an international health insurance proposition in partnership with Now Health International as the post-sale administrator of plans within the UAE.
The new partnership, which offers the highest quality of coverage and access to worldwide healthcare via the WorldCare plan, will be available for new and renewal business from 1 June 2016. Existing customers that already have a WorldCare plan do not need to take any action as they will be transferred seamlessly, while ensuring that they continue to enjoy the same benefits and premium rates.
Commenting on the new partnership, David Harris, Director - Distribution, UAE & Bahrain, said: “As part of our endeavor to continue providing our customers the leading suite of insurance services, we are excited to tie up with Now Health to bring their award-winning proposition to the market, where we see growing demand for premium facilities in this space. Through this partnership, we will continue to ensure that our clients remain in safe hands and enjoy access to a range of fast and accurate services, in addition to a variety of convenient digital tools. It is in line with our aim of bringing the best insurance services globally to the UAE and customising them to local needs.”
The new proposition will provide full coverage for a range of international health insurance needs such as cancer, hospital charges, organ transplants and evacuation and repatriation. As the winner of “Most Innovative Service Provider” at the MENA Insurance Awards 2016, Now Health also offers a suite of digital tools such as its mobile app that can be used to find a medical provider or submit a claim.
Now Health’s CEO, Martin Garcia said, “The UAE is one of Now Health’s core markets so we are very excited to be partnering with RSA in the region.
Garcia continued, “RSA have almost sixty years of insurance experience in the Middle East and are extremely experienced and knowledgeable about the IPMI market in particular. It’s great to be working with them and we anticipate a long-term and highly fruitful relationship.”
The health insurance sector in the country has been growing at a rapid pace over the past few years. Statistics from the UAE Insurance Authority show that medical insurance accounted for 44.5% of total non-life insurance premiums, reaching AED 11.1 billion in 2014, a growth rate of almost 12%. The sector is expected to continue growing, driven by the initiatives such as the Dubai government’s mandatory health insurance law for companies, and expectations for the UAE’s healthcare market to reach $19.5 billion by 2020.