Pacific Prime Insurance Brokers has collaborated with MedStar Insurance Brokers in the UAE, in a bid to tap the emerging underwriting market of the Arab region.
The launch of the Middle Eastern Partnership stems from Pacific Prime’s planned domestic partnership in the UAE since 2008, but the plans were halted due to the global crisis.
Pacific Prime Middle East managing director Darren Counsell said, "this partnership and Pacific Prime’s entry into the GCC market allows us to better serve our global customer base, and enables us to continue to provide the high quality local advice and knowledge which makes Pacific Prime so distinctive."
The uptake of GCC Health insurance coverage has exploded in the last decade, with the number of policyholders rising by 1,840 percent from 2003 to 2012.
Headquartered in Abu Dhabi, MedStar Insurance Brokers offers insurance brokerage services for life, medical, and retirement plans throughout the Middle East and South Asia.