Bupa Arabia Health

Insurance Company
Vs Enaya Health
Insurance Company
Comparison Analysis
Comparison Analysis
Bupa Arabia Health Enaya Health Insurance
Insurance Company Company
 It is a joint stock company with a paid-  It a multinational financial
up-capital of 800 million Saudi riyals. company located in Kuwait.
 It offers integrated health programs
 The company operate as a
operating in about 190 countries
 Its link with Bupa Global healthcare domestic insurer
group enables it to provide to its clients  Focuses on providing health
with medical insurance services for insurance covers for all healthcare
individuals, companies, hospitals as
seekers with insurance.
well as nursing homes for the elderly .
 Only serves the Gulf Cooperation
 The company also provides on-site
health services, health assessment Council domestically
activities as well as chronic disease
management services.
Benefits to Employees from the
Insurance Plans
 Health insurance companies provide a wide range of
insurance covers to their employees such as medical
insurance for its employees as well as on-site health
assessment services by Bupa Arabia Health Insurance
Company.
 The employees can also save on money through
insurance schemes provided in hospitals as well as
nursing homes for the elderly
 Insurances help reduce absenteeism
 Facilitates recruitment as well as employee retention
Employer Responsibility
 Health insurance companies have the role of
providing premium rates affordable to society.
 The premium rates charged should be equal for
general and private insurances.
 All risks on healthcare should be insured through
issuance of premium
 Premium insurances should meet client
specifications
Advantages
 Both insurance plans provide a wide range of
health insurance covers.
 They both help employees as well as clients save
money on help expenses.
 Insurance companies also provide the best medical
care without any strain on client finances
 Both provide hospitalization expenses as well as
ambulances and daycare procedures.
Funding and the Impact of Moral
Hazards on Health Insurance Benefits
 Saudi Arabia uses public health funding taking up about
75% while out of pocket expenditures at only 25%.
 Most of the healthcare services are financed by the health
insurance companies
 Privatized funding has also chipped in on the financing of
healthcare in the GCC countries.
 Increased demand for healthcare due to reduced costs.
 There is over insurance by those who have more money
 Increased risk taking by the insured because they are
insured.
References
 Bucci, R. V. (2017). Healthcare insurance. Medicine and Business, 103–116.
https://doi.org/10.1007/978-3-319-04060-8_11
 Eling, M., & Pankoke, D. (2016). Advantages and benefits of insurance Companies - an empirical
assessment for insurance companies. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2577336
 Finkelstein, A. (2018). Moral hazard in health insurance. Moral Hazard in Health Insurance, 13–44.
https://doi.org/10.7312/columbia/9780231163804.003.0002
 Kerr, D. (2017). BUPA arabia for cooperative insurance company company PROFILE: Jeddah, Saudi
Arabia: Competitors, Financials & contacts - Dun & Bradstreet. BUPA ARABIA FOR
COOPERATIVE INSURANCE COMPANY Company Profile | Jeddah, Saudi Arabia | Competitors,
Financials & Contacts - Dun & Bradstreet. Retrieved September 20, 2021, from
https://www.dnb.com/business-directory/company-profiles.bupa_arabia_for_cooperative_insurance_c
ompany.52077cba8ea2647d6af5c313c04e4551.html
.
 Puri-Mirza, A. (2019). Topic: Insurance industry in the Gulf Cooperation Council. Statista. Retrieved
September 18, 2021, from https://www.statista.com/topics/4595/insurance-industry-in-gcc/.