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The medical insurance in the Arab world is one of the most profitable sectors, Dr. Hazem Al Madi, Technical Adviser to Abu Dhabi-based Green Crescent Insurance Company’s board, said on Monday.
This comes by virtue of the less risks witnessed by the medical insurance compared to other sectors in the region’s markets, he noted.
In a keynote speech at Third Regional Forum on Health Insurance & Healthcare in Cairo, Al Madi referred to the medical insurance as risk management not customers’ warranty like some people think. Therefore, he stressed the necessity to follow the underwriting regulations during managing those risks.
