Saudi CCHI exempts merged insurers from qualification fees for 3 years

photo of headquarters of CCHI

The Saudi Council of Cooperative Health Insurance (CCHI) announced exempting merged entities from qualification fees for maximum three years as per certain regulations.

The new entities are those resulting from the merger between small and medium-sized healthcare services providers.

This initiative aims to improve the quality of medical services for insured beneficiaries, in line with the CCHI Strategy for 2020-2024, the board of directors said in a statement.

Additionally, the CCHI board approved a plan to support mergers and acquisitions (M&As) among small and medium-sized healthcare services providers in coordination with the Saudi Central Bank (SAMA) to enhance the competitive environment.

Further, CCHI inked a memorandum of understanding (MoU) with the General Authority for Competition (GAC) to encourage mergers among the Saudi insurers and provide the highest-quality services to beneficiaries, stated Othman AlKasabi, CCHI spokesperson.

Under the conditions of the CCHI support, merging entities should comply with certain performance indicators, such as the quality of customer services to enhance performance and compliance, and ensure the new entity’s growth, he added.