According to new research published by Marsh in partnership with Microsoft Corp., only four percent of business leaders in the Middle East & Africa region are confident in their organisation’s ability to manage cyber risks. The report, The Middle East & Africa State of Cyber Resilience, questioned over 660 regional and global cyber risk decision...
The Dubai Health Authority’s (DHA’s) Health Insurance Corporation, which regulates the health insurance sector in Dubai, has launched the first-of-its-kind value-based healthcare model for the Emirate. The model known as EJADAH is a value-based model rather than volume-based healthcare. At the launch of the event, which was attended by all...
Etihad Credit Insurance (ECI) has signed an agreement with Israel Export Insurance Corp. Ltd. (ASHRA) to provide buyer’s credit guarantees to the funding bank for Ghana’s AED540 million (EUR140 million) healthcare project, which will see the construction of four hospitals and the first main central medical storage facility in the country....
Central Bank of Bahrain (CBB) has issued new directives to insurance companies mandating the setting up of an internal actuarial unit within their organisation structure. In addition, all insurance firms must appoint in-house Bahraini competencies in preparation for qualifying them to become qualified actuaries licensed by recognised international actuarial institutes to carry...
Policybazaar.ae and Islamic Arab Insurance Company (Salama), have teamed up to launch an online comprehensive insurance plan for non-GCC specification cars. This strategic alliance between the two organizations will exclusively offer a fast and convenient comprehensive motor insurance for imported cars with a wide range of benefits. With the launch of...
The Council of Health Insurance (CHI) has announced an increase in the number of insured beneficiaries during the second quarter of 2022, with 83 percent compliance level and increase by eight percent compared to the same quarter from last year. CHI indicated that based on its records, the number of insured beneficiaries have...
RSA Middle East has partnered with Braxtone to offer Roadside Assistance services and other services to RSA Middle East customers. Braxtone has been engaged to cater for multiple services, including roadside assistance and car replacement. Ayman Al Ajmi, chairman and CEO of Braxtone Group, said, “We are pleased to enter...
The Council of Health Insurance (CHI) has announced that the committee in charge of investigating violations of the Cooperative Health Insurance Law’s provisions has imposed 14 penalties totaling SAR2,719,100 on a number of qualified health insurance companies for violating the Cooperative Health Insurance Law and failing to comply with CHI’s...
The UAE Ministry of Energy and Infrastructure (MoEI) in collaboration with the Fichte & Co., organised the first-ever P&I roundtable titled, “Towards Reinforcing a Competitive P&I for the UAE Maritime Sector.” Taking place at the IMO headquarters in London, the roundtable saw the participation of more than 20 representatives from...
The Insurance Business Group (IBG) recently held an interactive hybrid event with the DIFC Courts titled The Pros and Cons of the DIFC Courts’ Jurisdictional Clauses in (Re)Insurance held with in-person participation in Dubai along with virtual participation by insurance members from the region. Chief justice Zaki Azmi of the DIFC Courts was the keynote speaker...
