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Insurance Fraud which can be deliberate or Opportunistic
Creating awareness in the society spreading the philosophy of Insurance for their financial security.
I think the claims are the biggest challenge the industry is facing .
All export shipments to be insured to avoid any damage or natural calamities during transit
Customer Interaction
Workforce
Technology
Insurers don’t know how to price certain risks
Fraud Negligence on part of Insured
One of the main challenges is risk management, the medical field is changing rapidly and calculation of risk is becoming more and more diverse. We must properly evaluate the market we are in and how to be proactive with prevention campaigns and health awareness.
lost and low permium are the challenges in the issurance industry today
From my eight years of experience in Health insurance sector I have observed that fraudulent claims are the biggest challenge the industry is facing
There has been an increase in taxes on the majority of Insurance policies in UAE and also globally. Eventually causing to pay a higher premium to the clients. It also makes difficult for the Insurance companies to provide attractive and competitive rates to clients thus making the market more competitive.
The biggest challenges in the medical insurance industry from my personal point of view
1- The environment in which the medical insurance industry grows
2 - staff working on the manufacture of well
3 - treated insurance companies insurance they like cashes
4 - the development of periodic systems used to keep pace with the market
5 - the existence of the will of the administration for the success of the insurance industry in the small establishment or a large facility
6 - the existence of factors to be successful participation with the parties concerned
7. Follow up prices every 6 months and compare them with external hospitals or other insurance companies
8. Termination of medical claims on time
These are some points, not all
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