Medical Insurance’s Contribution to the Arab World’s GDP Still ‘Humble’

In the Arab world, the medical insurance’s contribution to the GDP is still ‘modest’, and does not reflect the economic growth recently witnessed some countries in this region, said an insurance official on Sunday.

On the sidelines of the 3rd regional forum on Health Insurance & Healthcare in Cairo, Abdel Raouf Kotb – Chairman of the Insurance Federation of Egypt (IFE) – stated that the insurance premiums in 9 Arab states stood at around $6 billion during 2012, where Saudi Arabia captured 50%, and the UAE seized 23%, whereas Egypt got 27%.

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