01 April 2015
OIC choses GlobeMed Gulf as its Third Party Administrator (TPA) to streamline its health insurance services and enhance customer service in the UAE

GlobeMed Gulf HealthCare Solutions (GlobeMed Gulf), part of the GlobeMed group of companies, is proud to announce the addition Oman Insurance Company (OIC), to its family of serviced clients. OIC chose GlobeMed Gulf as its Third Party Administrator (TPA) to service its portfolio and beneficiaries in the UAE; on the basis of GlobeMed Gulf's market leading benefits management systems and client service proposition. This agreement will allow both parties to mutually benefit from each other's strengths and experience.

OIC, headquartered in Dubai, UAE, has a strong presence in the region through 12 branches in the UAE as well as operations in the Sultanate of Oman, Qatar and Turkey. As the largest insurance company in the Emirates, it provides a wide range of insurance services and occupies a leading position in the health insurance sector. GlobeMed Gulf was identified by OIC as their ideal TPA partners to streamline its health insurance services, and enhance customer service.

The agreement between GlobeMed Gulf, as a client-driven organization, and OIC, the largest private medical insurer in the UAE, is a step forward for both companies to strengthen their presence in the field of healthcare services in the country.

About Oman Insurance Company
Oman Insurance Company (P.S.C.) (OIC) was established in 1975 and is one of the leading insurance providers in the Middle East. OIC has operations across Emirates in the UAE as well as in Oman, Qatar and a subsidiary in Turkey. OIC also owns a medical third-party administrator in Iraq operating under the name of "Support Management Services".

OIC provides a wide range of insurance solutions for individuals and enterprises in Life, Medical and General insurance. With a gross written premium of AED 3.25 billion in 2014, OIC is rated 'A Excellent' by AM Best and 'A- Positive Outlook' by Standard & Poor's.

Additional information about Oman Insurance Company can be found at www.tameen.ae.

About GlobeMed
Founded in 1991, GlobeMed is a visionary leader in healthcare benefits management. It was one of the first companies to introduce a third party administrator (TPA) model in the region. Building on a franchise model for the expansion of its service, it has expanded its physical presence & services to 14 countries with over 1,000 experts and professionals on board. The GlobeMed Group today manages in excess of 5.5 million lives, serves more than 80 insurance companies, social security funds, mutual societies and self-funded schemes, and offers managed insured members with access privileges to healthcare providers both throughout the region (with access to over 20,000 providers) & around the globe (over 500,000 providers). All GlobeMed operations in the Middle East and Africa are connected through an innovative Automated Cross-Border Service that was created with enhancing patients' experience in mind.

For more information please contact:
Elie Tohme
General Manager
GlobeMed Gulf
Tel: +971 4 509 8333
Email: estohme@globemedgulf.com

Julien Audrerie
SVP Customer Integration
Oman Insurance Company
Tel: +971 4 233 7539
Email: media@tameen.ae

© Press Release 2015