Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB) has agreed to sell Al Hilal Takaful, its Islamic insurance business and operations, to Siraj Holding LLC. The...

Dubai International Financial Centre (DIFC) has signed individual memorandums of understanding (MoU) with two leading institutions to fuel the region’s insurance sector by...

Suresh Nair looks at some aspects of the imminent AI revolution in the insurance industry and the consequent transformation challenges. Artificial Intelligence (AI)...

Dr. Mohamed Ghazaly identifies the potential opportunities to address the challenges from inefficiencies in an ecosystem funded by medical insurance. Over the...

M. Rajendran looks at the sharing economy, its challenges and opportunities for the UAE insurance industry. The sharing economy is experiencing huge growth, especially in the UAE. From shared assets,...

Stephen Harris and Abhijit Naik examine marine insurance policies in the context of risks posed by war or seizure.  Even in the earliest days of marine insurance, risks posed by...

Dubai Health Insurance Corporation CEO Saleh Al Hashimi explains how the regulator is enabling the insurance industry in order to become a sustainable model. Ever since the bifurcation of the Dubai Health Authority into the Dubai Health Insurance Corporation and the Dubai Health Corporation, the impact has been felt, seen...

Ayman Al-Ajmi, CEO of Braxtone, explains why the motor claims recovery process for insurers needs an end-to-end technology solution. While the financial books of insurance companies are impacted by many parameters, recovery for motor insurance claims has been a key element. For the past 20 years in the industry, discussions...

A traveller banged his suitcase into a cyclist while he was crossing the road without looking on either side. They were both knocked to the ground. Apparently the traveller was rushing to the airport. However,...

This claimant could not have it worse, having claimed for accidents for two separate family trips. In the first claim, he broke his arm after tripping on a puppy, and the second time round he...

A man and his family were rendered homeless when his bathroom and basement started flooding with sewage. After an investigation it was deemed that the flooding was caused by a collapsed pipe, leaving the city...

A couple of kittens managed to turn on a kitchen sink faucet while their owner was away at work. The water flooded the kitchen, causing damages to the floor and cabinets. The insurance company did...