Cancer and other lifestyle diseases are the main causes of critical illness benefits and life cover claims respectively, according to the seventh edition of the Customer Benefits Report by Zurich International Life (Zurich). The report has been generated from living and life cover benefits claims made to Zurich between January...
Qatar is gearing up to host InsurHack MENA, the first InsurTech Hackathon in the MENA region organised by Qatar Insurance Group (QIC Group) together with Deloitte, Google Cloud, and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group. InsurHack MENA is scheduled to take place virtually...
RSA Middle East has entered into a five-year distribution agreement with Emirates NBD to provide general insurance solutions, including motor, home, travel and third-party benefits, on preferred basis to its customers and staff in the UAE. The agreement was signed by Martin Rueegg, CEO of RSA Middle East and UAE...
Ahmed Ali Al Maamari, vice president for the insurance sector at the Capital Market Authority and chairman of health insurance team emphasised that the health insurance scheme for the employees of the private sector and visitors to Oman (Dhamani) is readying all the requirements to implement all the phases of the...
The Saudi Central Bank (SAMA) has issued the fifteenth annual report on the insurance market in the Kingdom of Saudi Arabia. The report highlights the performance of the insurance sector, financial results and its contribution to the Kingdom’s gross domestic product for the year 2021. According to the report, the...
Mercer Marsh Benefits (MMB) has found that health insurers operating in the Middle East and Africa (MEA) are forecasting a 10.1 percent increase in the year-on-year cost of medical claims in 2022, up from 9.5 percent in 2021. A report published by Mercer Marsh Benefits titled MMB Health Trends, surveyed 210 insurers globally and explored the...
Sanlam and Allianz have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent. The joint venture will house the business units of both Sanlam and Allianz in the African countries where one or both companies have a...
The CII is calling for companies and professionals across the Middle East to showcase their work, internal champions and peers through the Public Trust Awards. The Public Trust Awards reflect the CII’s purpose to build public trust, recognising work in the public arena by key individuals and companies going the extra mile to promote professionalism and drive forward...
The UAE Cabinet, chaired by H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, recently adopted resolutions and incentives package to enhance the participation of Emirati talents in the private sector. The UAE Cabinet approved a federal law on the unemployment insurance system, through insurance packages....
The National Health Insurance Company (Daman) has signed a strategic partnership with NAS Administration Services (NAS) as part of its efforts to enhance its proposition and provide increased choice to its existing and prospective clients in Dubai and other Emirates. Hamad Abdullah Al Mehyas, chief executive officer of Daman, said,...
