NEXtCARE wins MENA Insurance Award “Third Party Administrator” of the Year 2014
January 25 2014
Dubai, January 25th 2014: NEXtCARE UAE (Arab Gulf Health Services) L.L.C. has been selected the Third Party Administrator (TPA) of the Year at the prestigious MENA Insurance Awards ceremony. Judged by an independent panel of industry experts, the winners of the awards were announced at an evening event that was held at the Address Hotel, Downtown Dubai. NEXtCARE was shortlisted for the award in December 2013 along with other industry players from across the region. Showcasing the advanced and innovative services the company provides to its discern clients has allowed NEXtCARE to rank first among its peers. In his comment on winning the Award, Christian Gregorowicz, CEO of NEXtCARE said: “We have always been innovating and inducing new trends to the industry which enabled us to be the market leaders. Our commitment to our clients’ diversified needs has granted us the expertise that induced changes to the way our industry performs. We are delighted to be selected as the best TPA for 2014. This award increases the challenge we put on ourselves to always exceed the expectations that are set by the industry.” Organized by the renowned MENA Insurance Review, the 2014 MENA Insurance Awards are mandated to reward industry players who prove themselves in our highly competitive market. The Awards categories included various sectors and divisions in the insurance industry from across the Middle East and North Africa regions. With around 700 employees of 32 different nationalities, NEXtCARE specializes in providing a wide range of third party administration services to a broad spectrum of clients from across the globe. The company is always listening and always innovating to ensure administering the best possible services. Having offices in UAE, KSA, Oman, Bahrain, Qatar, Kuwait, Egypt, Lebanon and Morocco, NEXtCARE services a portfolio of around 2 million members and operates the region’s first 24/7 multilingual medically staffed platform. Notes to Editors About NEXtCARE NEXtCARE is one of the leading “Third Party Administrators” (TPA) for the insurance industry in the GCC & MENA region. Since its establishment in 1999, the company specializes in providing complete health insurance management and administration services to insurers and other healthcare payers providing the perfect balance between the best customer service and the maximum cost optimization in addition to compliance with regulators. NEXtCARE operates the region’s first 24/7 medically staffed and multilingual call center for a direct and partner network allowing cashless access across various countries. With more than 2 million members under management, the company administers an annual portfolio of over USD 600 million claims in value and 4 million claims in volume for more than 82 clients including insurance companies and self-funded schemes. Being a member of the renowned Allianz Group, NEXtCARE creates and tailors health insurance management programs covering Customer Service, Risk Assessment Solutions, Managed Care Services, Software Solutions and Added Services. NEXtCARE employs around 700 employees located in its branches in the UAE, Lebanon, KSA, Egypt, Bahrain, Oman, Qatar, Kuwait and Morocco. For further information please contact: Maya Kheshen | Marketing & Communications Manager |NEXtCARE  +971 55 1282811  Website | Cautionary Note Regarding Forward-Looking Statements: Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue" and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group's core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates including the Euro - U.S. Dollar exchange rate, (viii) changing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the European Monetary Union, (x) changes in the policies of central banks and/or foreign governments, (xi) the impact of acquisitions (e.g. Dresdner Bank), including related integration issues, and (xii) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of the event on, and following, September 11th, 2001. The matters discussed in this release may also involve risks and uncertainties described from time to time in Allianz AG's filings with the U.S. Securities and Exchange Commission. Allianz AG assumes no obligation to update any forward-looking information contained in this release.
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