SALAMA reported growth of 6.9 percent in gross written contribution, from AED650 million in H1 2019 to AED695 million in H1 2020. Net profit...

The Chartered Insurance Institute (CII) has awarded exceptional prizes to two financial planning and insurance professionals from the Middle East region on...

Insurers’ need for digital modernisation is now more crucial than ever, Assad El Saadi remarks.  If there’s one thing that the current...

Salman AlNassar believes loss adjusting is a relatively lesser-known profession and thus has immense potential within the region. According to the Oxford...

While there are some gains to be seen for the insurance industry, organisations must be prepared for reduced consumer spending and technology-driven distribution, writes Krishna Dhanak. The UAE has continued...

Noman Zafar and Raghav Ohri outline the complexities of IFRS 17 and how this standard will influence business decisions in the future. The recent deferral by another year pushes the...

Premium speaks to Umair Nizami, Group CEO, NAS and Neuron, on the recent amalgamation in shareholder ownership between the two third party administrators (TPAs). The UAE insurance industry and the wider GCC region in turn, is a hotbed of consolidation activity. Over the years many entities have been acquired or...

Is the reinsurance environment in for a bumpy ride this year? Benjamin Serra discusses an outlook for the year. Recent happenings have caused the industry to take stock of the reinsurance environment. Premium spoke to Benjamin Serra, senior vice president, Financial Institutions Group, Moody’s Investors Service. Do competitive and regulatory...

A couple whose wedding was shelved by their venue partner due to the pandemic and resulting social distancing norms were asked to pay for 80 percent of the cancellation charge. To top it off, their...

A restaurant and theater company were closed during the pandemic and thought they were covered in the face of such losses. The policy specifically mentioned ‘pandemic event’ and they were supposed to reimburse the insured’s...

A dam failure and subsequent breach caused gallons of water to pour into homes along the adjoining lake. The water caused damage to interiors, and left inches of mud inside homes. Property owners unfortunately have...

A government official has apologized to a man with the same name as a celebrity. He was accused of fraudulently applying for unemployment benefits and the official even accused him in his speeches. However, it...