Saudi health insurance council promotes merger operations

The Saudi Council of Cooperative Health Insurance (CCHI) is actively encouraging insurers to proceed with mergers.

Small and medium-sized health insurance companies, once merged, will be exempted from paying qualification and supervision fees for a period of three years.

This initiative, carried out in partnership with the Saudi Central Bank (SAMA), is intended to upgrade the quality of health services provided to beneficiaries.

Read also | Saudi insurers to accelerate merger and acquisition operations