According to Health Minister Dr Hamad Al-Manie, the number of non-Saudis insured is 970,169 and he expects the number to significantly increase following an awareness campaign that is soon to be launched.
The compulsory medical insurance laws will be completed in stages, with the first phase (now in progress) involving 33 companies with manpower of 500 employees and above. The second phase will involve companies that have a work force of non-Saudi employees ranging from 100 to 500 and the third phase will cover those with a work force of less than 100 expatriates. All non-Saudis will be included in the scheme, regardless of whether they are employed in the private or non-private sectors.
All insurers have to be licensed specifically to insure in Saudi Arabia. 13 companies are already licensed.
Bupa Middle East is a certified co-operative health insurer and can provide medical insurance to companies in Saudi Arabia. As the medical insurance industry becomes regulated, Bupa Middle East is currently awaiting final approval of its application as a licensed medical insurer by the Saudi Royal Cabinet. Bupa Middle East´s application has already been approved by the CCHI, the SAMA and the Ministry of Commerce. The insurer has recently launched a new product - Bupa Direct - medical insurance for groups with 10 to 50 members to insure.
International health insurance: News update: February 2007