RSA launched the first loyalty programme for insurance customers in the UAE in association with ICLP. With the aim of rewarding existing customers, driving acquisition through direct channels and identifying cross-sell opportunities, Royal & Sun Alliance (RSA) Insurance, has partnered with loyalty provider ICLP. ICLP was engaged to design, implement,...
Bahrain-based Solidarity Group Holding has announced the acquisition of a majority stake in Al Ahlia Insurance Company in a deal worth BHD10.7 million (USD27.8 million). Founded more than 40 years ago, Al Ahlia Insurance is one of the oldest and largest insurance companies in Bahrain operating in all classes of...
The Insurance Business Group recently organised a workshop on Cyber Liability Insurance in Dubai, with Aisling Malone, Professional Indemnity and Cyber lead, MENA, AIG, MEA, Ltd and Amr Shah, SEO, Risk Exchange (DIFC) Limited presenting on the topic. In his presentation, Amr Shah spoke about the various trends in the...
The Supreme Committee for Delivery & Legacy (SC), which delivers the infrastructure for the 2022 FIFA World Cup in Qatar, has awarded an insurance contract for capital expenditure works related to the construction of stadiums to the National Insurance Consortium (NIC). Delegates from Qatar Islamic Insurance Company (QIIC), the lead...
Aon Global Risk Consulting, has launched a new modelling tool – the Aon Loss Estimating Risk Tool (ALERT), for oil, gas and petrochemical clients. The new tool is able to model the potential financial impact of a wide range of fire and explosion scenarios in the hydrocarbon processing industry. Developed...
Oman Insurance Company (OIC), has become the first insurer in the Middle East to establish a corporate alliance with the Association of Certified Fraud Examiners (ACFE). The ACFE is recognised as the world’s largest and premier anti-fraud organisation and has partnerships with numerous Fortune Global 500 organisations. Its role is...
The recently issued Circular 33 on Life Insurance and Family Takaful business became the subject of a workshop recently held at the Insurance Authority. Commenting on the industry feedback, Peter Hodgins, who was present at the discussions, said that the response was extremely positive. “There appeared to be broad acceptance by...
Dubai Health Authority (DHA) recently inaugurated its first “robot” pharmacy at Rashid Hospital. The smart pharmacy is deploying a robot for the first time in the UAE for dispensing prescribed medication. The robot can dispense prescribed medication at the click of a button based on a bar code, thus minimising...
Solidarity-First Insurance has posted positive results over the past few months, according to the company’s chairman Ashraf Bseisu. The company results have “exceeded expectations,” he told reporters at a press conference. During the first nine months of 2016, the company, created as a result of a merger between Yarmouk Insurance...
“There is need for the Federal Government through the National Insurance Commission (NAICOM) and insurance operators to work together to increase insurance penetration in the country,” said Hassan Boubrik, chairman, Africa Reinsurance Corporation (Africa Re). He was speaking at the closing dinner of the 141st Board Meeting in Abuja. He...
