Medical and motor insurance lines of business still take the lion’s share of premiums in 2015, according to figures released by the Insurance Authority. Medical insurance accounted for 47.8 percent of gross written premiums, owing to the introduction of compulsory health insurance programs in some emirates. Motor insurance accounted for...
Pentacare Medical Services LLC has certified to the international standard ISO 9001:2015. Obtaining accreditation for ISO 9001:2015 was the result of the successful development of a Pentacare Quality Management System; as well as the perfect implementation of all the standard requirements throughout the various activities and processes. Dr. Khaled Jamal,...
The implementation of health insurance for expatriates will lead to an increase in health insurance charges from the current cost of KWD50 per year to KWD130. A top official has insisted that this cost does not reflect the actual cost of the health services to be offered to expatriates. Board...
Al Salam Bank-Bahrain has signed a strategic agreement with insurer Takaful International. This agreement paves the way for the bank to offer both Al Salam Bank and BMI Bank customers a suite of Shari’ah compliant insurance products through its extended branch network within the kingdom. Present at the signing ceremony...
AXA Egypt announced the rebranding of CIL, to become AXA Life Egypt, and launched its first major communications campaign throughout the country. In July 2015, AXA announced that it had entered into an exclusive 10-year Life & Savings bancassurance agreement with Commercial International Bank (CIB), Egypt’s leading private-sector bank. As...
Kenya Reinsurance Corporation is set to enter the Southern African region through the launch of its Zambia Regional office. The new regional hub will be based in Lusaka City and will serve Namibia, Zambia, Zimbabwe, Botswana, Mozambique, Lesotho, Swaziland Malawi and Angola. Through this, Kenya Re seeks to ultimately increase...
As much as OMR2 billion is expected by the Oman government from divesting stakes in state-owned companies, said a top-level official of the Capital Market Authority (CMA) recently. Abdullah bin Salem Al Salmi, executive president of the Capital Market Authority, said that the companies that are planning to raise funds...
A delegation from the Ministry of Health and the Supreme Health Council led by Lt-Gen Dr. Shaikh Mohammed bin Abdullah Al Khalifa recently met with the parliamentary Services Committee chaired by MP Abbas Al-Madhi to discuss the Health Insurance Programme, which will be presented to the House of Representatives by...
The Insurance Authority (IA) will organise the international motor insurance conference on November 28, 2016 in Abu Dhabi under the slogan of “Motor Insurance New Concept for a Better Future.” Sultan bin Saeed Al Mansouri, minister of Economy and chairman of IA’s Board of Directors said: “The organising of the...
Oman’s Capital Market Authority (CMA) recently hosted the semi-annual meeting of the Arab Forum of Insurance Regulatory Commissions (AFIRC) to discuss the common challenges faced by regional insurance markets and to strengthen cooperation between regulators. The meeting consisted of senior officials and representatives of insurance regulatory commissions in the Arab...
