The Ministry of Public Health said recently that it has completed work on a draft law for establishing a new health insurance system in the country. The draft law will be submitted to the Cabinet for action and the first phase of the new insurance system will be launched next...
Abu Dhabi Securities Exchange (ADX) stated it had listed mandatory convertible bonds worth AED390 million, that were issued by Abu Dhabi National Insurance Company (ADNIC), as shares of the company. ADNIC had issued the bonds at a fixed interest rate of 7.5 percent per annum, accorded to a WAM report....
Dubai SME, agency of the Department of Economic Development (DED) in Dubai, mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Neuron and Nasco France to enable businesses registered in Dubai to provide competitive health insurance packages for their employees. The...
Compareit4me.com, a UAE-based finance comparison group, has teamed up with Allianz Global Assistance to introduce travel insurance. A recent survey found that as many as 80 per cent of travellers have experienced some sort of travel-related incident, with flight delays hitting the top spot, followed by illness and then by...
Africa needs favourable insurance regulation to enable the growth of the insurance market within the continent, panelists observed at the 40th Anniversary Symposium and General Assembly of the African Reinsurance Corporation (AfricaRe). More than 200 participants attended the meeting where Moulay Hafid Elalamy, minister of industry, trade and new technologies...
Gulf Insurance Group K S C P has announced that it has successfully obtained the approval from Turkish regulators to acquire 90 percent stake of Turins Sigorta, a Turkish non-life insurer. “It is an absolute pleasure to have Turins Sigorta join Gulf Insurance Group,” said Khaled Saoud Al-Hassan, GIG CEO....
Souqalmal.com, an insurance aggregator/comparison site in UAE, has announced the launch of its online end-to-end car insurance comparison platform across the UAE, coinciding with Ramadan when both car and car insurance sales are at their peak. The latest addition to Souqalmal’s portfolio follows the findings from a survey the team...
The World Shipping Council, the TT Club, the International Cargo Handling Coordination Association, and the Global Shippers’ Forum jointly released a second Frequently Asked Questions (FAQ) document designed to support the smooth implementation of the container weighing regulations that take effect globally on July 1, 2016. The amendments to SOLAS...
The National Health Insurance Company – Daman, in collaboration with Abu Dhabi Health Services Company (SEHA), is undertaking throughout 2016 a series of specialised workshops to enhance the healthcare in Abu Dhabi. The main areas of focus include developing health insurance practices in SEHA’s medical facilities and improving the experiences...
Allianz has agreed to buy Zurich’s Morocco unit, the seventh largest insurer in the country for a sum of EUR244 million.
