Govt nod for mandatory insurance for expats from 2018

Oman’s Council of Ministers has approved a proposal submitted by the Capital Market Authority (CMA) setting out a strategy for the introduction of Mandatory Healthcare Insurance for private sector expatriates, effective from 2018.

An announcement to this effect was made by CMA Executive President Abdullah bin Salim al Salmi (pictured) at the opening of the 11th Middle East Healthcare Insurance Conference which began at Shangri-La’s Barr al Jissah Resort and Spa on Tuesday. Health Minister Dr Ahmed bin Mohammed al Saeedi presided over the inaugural session of the two-day forum, which brings together high-level executives and experts representing leading healthcare insurers and service providers from around the world.

Delivering the keynote address, Al Salmi said: “We have just been informed that the CMA’s proposal for making healthcare insurance compulsory for expatriates has been approved by the government. This is a positive step, and comes at an opportune time.”

Later, in remarks to the Observer, the CMA Executive President clarified that specifics of the cabinet’s approval are still awaited.  “We have to wait for the official announcement, but it’s good news on the whole. We shall be moving ahead with healthcare insurance in the private sector, but as part of a gradual process. We shall do it in stages, starting with big companies, then small firms, and eventually the entire sector.”