RAK Insurance was named the ‘2018 UAE Medical Insurance Company of the Year Award’ at the 2018 Frost & Sullivan Middle East Best Practices Awards Banquet held last May 14 at Atlantis, The Palm in Dubai.

Ras Al Khaimah National Insurance Company (RAK Insurance) has more than 4 decades of experience in medical insurance with numerous offerings catering to both individuals and corporates. RAK Insurance offers the largest medical insurance offering to group clients with more than 250 products. It has a diverse portfolio for individual clients with the option to choose from 14 medical insurance packages. The company’s innovative medical insurance provision services that include online and mobile applications, together with its strong technology partnerships have ensured its growth even in a slow market. The company also invests heavily in educating end consumers on the benefits and ease of subscribing to medical insurance. RAK Insurance’s expertise in risk assessment and insurance consulting has further strengthened its position in the UAE market as the leader in Medical Insurance.

Andrew Smith, CEO of RAK Insurance, said “we would like to thank Frost & Sullivan for honoring RAK Insurance with this award. 2017 was a challenging year for the medical insurance sector in the UAE with increasing competition, a changing regulatory landscape and pressure on pricing. I am delighted with our achievements to date and I would like to also congratulate my team for their continuing contribution to the success of RAK Insurance. Our focus for 2018 will continue to keep our clients at the centre of our business. We shall further develop our digital capability to enhance our client proposition and broaden our medical offering to the UAE Insurance Market.” — SG