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May 2024

UAE: Cigna Insurance Middle East receives participating insurer licence

Source: Middle East Insurance Review | Feb 2022

Cigna Insurance Middle East (CIME) said it has received the participating insurer (PI) licence issued by the Dubai Health Insurance Corporation.
 
With this licence, CIME will be able to offer the essential benefits plan (EBP) in the UAE and provide health insurance solutions to clients across a broad spectrum – including those employers operating in industries with employees in lower salary bands. The EBP is the minimal level of health insurance cover under Dubai’s mandatory medical insurance scheme. It is for Dubai residents who are earning less than AED4,000 ($1,089) per month, which includes non-working dependents.
 
The PI licence will enable Cigna to make quality healthcare more accessible. In his comments, Cigna MEA and SEA CEO Jerome Droesch said, “The PI licence enables Cigna to take our mission one step further and consolidate our position as a ‘go-to’ dedicated health insurer for employers, governments, and individuals.”
 
He said, “At Cigna, we aim to innovate constantly by using an insights-led approach in the conceptualisation of new, unique, and appropriate solutions for our clients and customers. The licence will help us provide affordable healthcare insurance solutions with service excellence attached, which will plug a market gap.” M 
 
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