Neuron was established in Dubai in the year 2001, as a medical third party administrator (TPA) by a group of experienced insurance professionals. The company grew over the years to manage medical insurance schemes on behalf of some of the leading insurance companies in the market, whilst establishing one of the largest medical providers network within the country.
From 2006 to 2009, the company saw significant growth in its self-funded medical administration portfolio comprising over 50 Dubai government departments, much of which falls under the ENAYA scheme that the company still retains in its portfolio.
In May 2014, the founding partners of Neuron fully divested their shareholding in the company, leaving Dubai Wing and Nur Capital as the two institutional shareholders of Neuron, and Mr. Umair Nizami assumed the role of Managing Director.
From 2014 to 2017, Neuron more than doubled its portfolio of members in the UAE, re-negotiated more competitive provider discounts by leveraging its larger portfolio, increased its regional and international provider network exponentially, and deployed state of the art technologically smart solutions.