NextCare Holding W.L.L. which was incorporated in Bahrain with a paid up capital of US$ 8 million, became by 2006 a member of the Germany Bavarian based Allianz Group. The Bahrain based holding company has subsidiaries in the UAE, Egypt, Lebanon and Saudi Arabia.

The Company and its subsidiaries specialize in ancillary service provider activities, in which they assist insurance companies in processing and following up the medical insurance claims process including the regular customer support.

“We are pleased to license NextCare and look forward for the company to expand its services in the Middle East and North Africa,” said Ahmed Abdulaziz Al Bassam, Director of Licensing Policy at CBB.

“The recent statistics shows rapid growth in health insurance which recognizes the potential opportunities in the Mena region” he added.