Insurance companies have decided to raise the value of risk premiums for covering unpaid tickets starting from mid-December, according to an internal note circulated among members of the Egyptian Travel Agencies Association (ETAA). The note, according to Daily News Egypt, said that premiums were increased by 100 percent, from EGP7...
Allianz Egypt, in partnership with Emirates NBD-Egypt, recently expanded the range of bancassurance products offered to the Egyptian market to include property and casualty insurance, according to a press statement by Allianz. The statement said that the services are introduced to meet the increasing sophisticated needs of Egyptian customers. The...
First aid expenses provided by Royal Oman Police’s (ROP) ambulances is no longer free. If treated or if being transported in a ROP ambulance, then customers have to pay. “The rule was there in place since 2016 beginning, but has been put into action recently,” a senior official from ROP...
Gross insurance premiums in Oman grew by 3.1 percent to OMR357.2 million in the first nine months of 2016 compared with OMR346.6 million in the same period last year. The growth in direct premiums during the first three quarters of 2016 reflected positively on insurers’ net earned premium. An Oman...
Indian insurer HDFC Life celebrated its official launch since opening the doors of its wholly-owned subsidiary ‘HDFC International Life and Re Company Limited’ (HILRCL). Since its establishment, the company has received a positive and welcoming response, having already entered into a reinsurance partnership- with Orient Insurance PJSC, an Al Futtaim...
Dubai Health Authority (DHA), has said 98 percent of Dubai residents – more than four million – now have health insurance. Humaid Al Qatami, chairman of the Board and director-general of DHA, said this big accomplishment adds to Dubai’s numerous achievements, making it one of the pioneers in healthcare field....
In line with its commitment to cooperate with relevant entities in undertaking its regulatory role, the UAE’s Federal Authority for Nuclear Regulation (FANR), signed a Memorandum of Understanding (MoU) with the Insurance Authority. The MoU promotes the exchange of information between the two entities and cooperation in the assessment and...
The Board of Directors of the Insurance Authority has issued the new vehicle insurance tariffs system, developed on the basis of the new regulations for unifying motor vehicle insurance policies, issued in September. The regulations include the unified motor vehicle insurance policies against third party liability and against loss and...
Insurers in the UAE have been prompted by KPMG to prepare for the effects of VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year. To help highlight the...
Dubai Health Authority and Amana Healthcare, a provider of specialised long-term acute care, post-acute rehabilitation, home transition and home healthcare services, has signed a Memorandum of Understanding to collaborate on medical care of complex long-term patients—with a particular focus on ventilated patients who need ICU-level care—and specialised post-acute rehabilitation of...
