News Middle East04 Mar 2021

Saudi Arabia:Health insurance council offers incentive to encourage mergers among insurers

| 04 Mar 2021

The Council of Cooperative Health Insurance (CHIC) in Saudi Arabia yesterday announced that small and medium-sized health insurance companies when merged would be exempted from paying qualification and supervision fees for a maximum period of three years, according to specific conditions and requirements.

The Council says in a statement that the requirements cover matters such as performance indicators.

This initiative, carried out by CHIC in cooperation with the Saudi Central Bank, aims to improve the quality of health services provided to beneficiaries through entities capable of providing high-quality and innovative services.

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