Photo for illustrative purposes only. ARCHIVE

The 8th Health Insurance Conference, which the Emirates Insurance Association put on, started with 150 officials and experts from the UAE and other Arab countries working in the insurance and health fields. According to officials, compulsory health insurance is nearing completion in all emirates of the country. They said that it should start before the end of the first quarter of 2023. The completion of compulsory health insurance in all emirates will enhance the total written premiums, which are expected to reach about Dhs50 billion in the current year 2022, supported by the increase in the number of policies and insured people, considering that mandatory insurance is imposed on all sectors, Farid Lutfi, Secretary-General of the Emirates Insurance Association, said. In early November, the Ministry of Human Resources and Emiratisation (MoHRE) signed an agreement with a group of nine local insurance companies to launch the new Unemployment Insurance Scheme framework. This was in line with Federal Decree-Law No. 13 of 2022 and the relevant Cabinet Resolutions. The new insurance plan aims to protect employees in the private sector and the federal government of the UAE by giving them cash compensation for up to three months for each claim if they lose their jobs for reasons they can't control. It also creates a safety net that helps employees in their careers and ensures they have a way to live. This is done by relying on mechanisms that don't cost employers anything extra and are paid for by the employee. This creates a balance in the job market that helps the UAE reach its strategic goals and keeps the economy growing. BKM/ Expat Media
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