To Discuss Risk Management Measures in Health Insurance

Oman Hosts 14^th Middle East Healthcare Insurance Conference

The Sultanate of Oman, represented by the Capital Market Authority, will host the Middle East Health Insurance Conference 2023 for the third time in a row, which is organized by the Middle East Insurance Review, and will get wide regional and international participation during the period 24 - 26 September 2023. This year's conference will discuss issues related to risk management in health insurance and mitigating fraud and abuse of health benefits, as they have negative impact on the quality and cost of insurance and health services.

The Capital Market Authority’s interest in hosting this important international event comes in conjunction with the growth and increased turnout for health insurance products in recent years, as health insurance acquired the largest share of the gross insurance premiums at 35.4%, thus topping all insurance products, and the gross direct premiums of health insurance activity also increased by 16.9% to RO 191.517 million in 2022, compared to RO 163.866 in 2021. The conference will comprise a review of the realities of the health insurance market in the Sultanate of Oman and its level of regulatory and supervisory development, in addition to the technological developments and the qualitative shift that the Dhamani electronic platform will bring about.

The conference is considered a great opportunity to meet expertise, exchange of ideas and future visions for the health insurance sector, in addition to exchanging international experiences and best practices with regard to mitigating fraud and abuse of health insurance benefits. A number of working papers will be presented during the conference, dealing with best practices based on the use of technology, artificial intelligence, scientific innovations in risk management in health insurance and the legal measures applied in this regard.