Aetna calls for greater public awareness of cardiovascular disease. Cardiovascular disease (CVD) is the world’s forgotten killer – it accounts for 31% of all deaths worldwide. The number of global CVD related deaths is on the rise, yet not enough emphasis is placed on prevention. Aetna International calls for greater...
MENA spending on IT security technology to reach USD1.8 billion in 2017. Middle East and North Africa (MENA) spending on information security technology and services is on pace to reach USD1.8 billion in 2017, an increase of 11 percent over 2016, according to Gartner, Inc. Sam Olyaei, senior research analyst...
Takaful Emarat has announced a strategic long-term alliance with Bayzat, a UAE-based technology business that provides insurance. Bayzat helps both companies and individuals quickly compare and buy their health insurance online, saving them both time and money. It also helps them identify specific policy requirements and provides a transparent comparison...
Following the issue of the final VAT law on July 28, 2017, Saudi Arabia has published its final VAT implementing regulations, said Al Tamimi & Company, a leading law firm in the Middle East. As Saudi Arabia has now issued the full VAT legislation, which comprises the law and the...
Clyde & Co has launched a new consultancy to advise insurers and clients in other sectors on all aspects of smart contracts, blockchain and distributed ledger technologies. Clyde Code, as the consultancy will be called, provides clients with legal and technical advice and services to help them realise the growing...
Beazley has closed its Dubai office within the Lloyd’s platform in the DIFC, citing a focus on the Singapore market. The office was incorporated in the third quarter of 2014 within the DIFC to underwrite political risk, trade credit, terrorism and contingency risk. Beazley will continue to underwrite MENA business...
Bahrain’s medical insurance line has spearheaded growth within the sector by 19 percent in 2016, according to figures by the regulator Central Bank of Bahrain. For the year 2016, the general insurance business contributed 81 percent to the gross written premiums, stated a report by the CBB. The medical line...
Business operations of Solidarity General Takaful are set to be transferred to Al Ahlia Insurance Company, a company that is looking to convert its licence from conventional to takaful. Notices published by the Central Bank of Bahrain (CBB) in the local media yesterday said the regulator had received separate applications...
State-backed Abu Dhabi Investment Council (ADIC) is studying the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), Reuters reported. Allianz is among groups showing initial interest in buying the council’s stake. If the deal is carried out successfully, it will strengthen Allianz’s position in...
The Federation of Afro Asian Insurers & Reinsurers (FAIR), is holding the 25th event for the first time in the Gulf region, in Bahrain, this year. FAIR Bahrain 2017 will be held under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of...
