Private health insurance has historically been characterized as voluntary, for-profit commercial coverage. However, in looking at private coverage around the world, it is evident that a wide variety of arrangements are described under the umbrella of private insurance and that boundaries between public insurance and private insurance are becoming blurred. Also, having government regulations and standardized practices aims to create confidence in the health insurance industry among the people, so more are willing to give insurance a try.
With healthcare and health insurance regulation, development and implementation at vastly different stages, both between and within the Middle East and Africa, there is a lot of looking to other markets for indicators of what works, what doesn’t, and ‘where to from here?’ insights. Both markets provide lots of opportunity for health insurers, as well as their own distinct challenges.
The conference focuses on the key topics such as the potential for growth, current trends in regulation, digital health, the leveraging of technology, developing contextually sound products that meet the needs and expectations of customers, the road-map to the universal health coverage, and how to effectively operate in these markets for profitability.