Cigna Worldwide Insurance Company has recently achieved a significant milestone by securing an official branch license from the Saudi Central Bank (SAMA) to operate as a health insurer in the Kingdom of Saudi Arabia. This development positions Cigna as the first international health insurance provider to receive such a license, underscoring its commitment to expanding its footprint in the Middle East and aligning with Saudi Arabia’s Vision 2030 initiative.
A New Era in Saudi Health Insurance
With this license, Cigna is set to introduce a suite of localized health insurance solutions tailored to the unique needs of the Saudi population. Leveraging its global expertise, Cigna aims to offer high-quality, affordable healthcare options to individuals, corporations, and government entities within the Kingdom.
Jason Sadler, President of Cigna International Health, remarked, “This marks a significant milestone for Cigna in the Kingdom and across the Middle East and Africa region.” He emphasized that the license enables Cigna to deliver a stronger value proposition through proprietary health and well-being products and services. Sadler also highlighted Cigna’s nearly two-decade presence in the region, initially through local partnerships and later independently, which has provided the company with deep-rooted knowledge of the Middle East health insurance market.
Alignment with Vision 2030
Saudi Arabia’s Vision 2030 outlines ambitious goals for the nation’s development, including significant advancements in the healthcare sector. Cigna’s entry into the Saudi market aligns seamlessly with these objectives, as the company is committed to contributing to the growth of the health insurance sector in the Kingdom. Jerome Droesch, CEO of Domestic Health & Health Services at Cigna International Health, expressed excitement about the growth prospects in the Kingdom and gratitude to SAMA for their support. He reiterated Cigna’s mission to offer high-quality, affordable health insurance solutions focused on delivering excellent services to the citizens and residents of Saudi Arabia.
Future Prospects
As Cigna prepares to launch its services in Saudi Arabia, the company is developing propositions to improve the health, well-being, and peace of mind of people across the Kingdom. Details of the expected launch will be shared soon, reflecting Cigna’s dedication to becoming a key player in Saudi Arabia’s health insurance landscape.
About Cigna
Cigna is a global health service company dedicated to helping people improve their health, well-being, and peace of mind. With a legacy spanning over 200 years, Cigna serves more than 180 million customers and patients in over 30 countries. The company’s expansion into Saudi Arabia represents a strategic move to extend its global reach and deliver localized health solutions backed by international expertise.
For more information about Cigna’s services in Saudi Arabia, visit their official website.
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