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