Draft Law 109-2, which the House of Representatives Committee on Social Services is expected to adopt, originally included a clause aiming to expand mutual health insurance plans without allowing the insurance companies to establish their own medical facilities. The House amended the law recently to allow the companies to create their own...
Coface has obtained a new company licence from the Dubai Financial Services Authority (DFSA) to offer insurance management and intermediation services in the Dubai International Financial Centre (DIFC), strengthening its presence in the UAE through insurance services. Under the newly formed Coface Credit Insurance GCC Limited, the company will provide...
Minister of Health Dr. Ali Al-Obaidi announced recently that the Fatwa and Legislation Department of the Cabinet approved a project to provide medical insurance for expatriates via “the Health Insurance Hospitals Company.” The project, to be executed by the contracted company, falls in line of the government action policy and...
The Council of Cooperative Health Insurance (CCHI) has suspended the operations of five health insurance companies due to abuses and various irregularities. The rehabilitation of one company was also abolished with the imposition of corresponding fines as stipulated under the CCHI’s governing rules and regulations. “The actions taken against erring...
Lebanese citizens above 64 years of age will now benefit from 100 percent hospital care at the Health Ministry’s expense, after a new health project was launched recently. Officials believe it has measures in place to prevent the programme from being exploited by those who do not need hospitalisation or...
Egypt signed a USD252,000-grant with the African Development Bank (AfDB) to finance actuarial studies on the national health and social insurance. Egyptian minister of International Cooperation Sahar Nasr and Leila Mokaddem, AfDB’s resident representative for Egypt have signed the grant in Cairo, stated a report in Zawya. The grant aims...
Reinsurer Qatar Re announced that it has obtained a licence from the Monetary Authority of Singapore (MAS) to operate a branch office in the country. Previously Qatar Re had a representative office. Acquiring branch status strengthens Qatar Re’s presence in Asia’s rapidly evolving insurance and reinsurance markets, while at the...
Ibrahim Obaid Al Zaabi, director general of the Insurance Authority, has declared that the Board of Directors adopted a regulation to unify vehicle insurance policies, which includes the vehicle insurance policy against civil liability and the vehicle insurance policy against loss and damage. During the press briefing held by the...
Moroccan insurance company Saham Finances has bought Mauritian insurer Sun Insurance Co Ltd for an undisclosed sum, the Moroccan company said in a statement. The deal is the latest expansion by Saham Finances in Africa and follows its acquisition of a 40 percent stake in Nigeria’s Unitrust Insurance Co, Rwanda’s...
The Egypt government plans to present the comprehensive health insurance law to parliament during its second session in October in preparation for its approval over the upcoming period. Deputy minister of Finance Mohamed Meit said to Daily News Egypt that the drafting of the law is finished and it will...
