News Middle East28 Oct 2020

Bahrain:Insurers invest in health insurance claims management firm

28 Oct 2020

Bahrain Kuwait Insurance Company, Solidarity Bahrain and t'azur Company have signed an agreement to invest in Health 360° - a provider of health insurance claims management services.

The company’s existing shareholders are Takaful International Company, Bahrain National Holding and Paramount Health Services Group, reported gdonline.com.

Launched in 2013 as a joint venture between Takaful International and Paramount, the largest claims management in India, Health 360° was the first to issue digital health insurance cards in Bahrain.

Commenting, Health 360° chairman Abdulaziz Al Othman said: “The joining of major local companies as strategic shareholders will contribute to the growth of services and business.

“This will create a national entity that will be able to compete in local and regional markets, especially, as Health 360° already has a sizeable investment in Orbits Company for Health Claims Management in Saudi Arabia.”

According to him, the company has introduced important updates to its IT systems and various digital service channels to keep pace with the acceleration in technology. This improves customer service and facilitates management of health claims.


 

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