National Takaful Company (Watania) said that its board decided in a recent meeting to sign a Memorandum of Understanding (MoU) with Dar Al Takaful, according to a recent statement. The MoU aims to study the areas of strategic cooperation between both companies.
Marsh will launch Marsh BLAST, a tool to model the financial impact of explosions in the energy sector. Energy companies will use Marsh BLAST to calculate the maximum property damage loss across their global assets, as they undertake insurance risk assessment surveys. Nine out of the ten largest property damage...
Dubai Trade has expanded its online marine and cargo insurance platform Tradeshield by adding Oman Insurance to offer its customers a fourth insurance service provider. Dubai Trade customers can now search and select competitive rates from the Abu Dhabi National Insurance Company (ADNIC), RSA, Noor Takaful and Oman Insurance, by...
Mitsui Sumitomo Insurance Company (MSI) has entered into agreement with 3i-Infotech to deploy their Premia general insurance software towards the company’s operations. The new product will help streamline their operations for reporting and efficiency in process management. It is also scalable to cater to ever growing business volumes. Premia handles...
Friends Provident International (FPI) has launched a Financial Adviser Academy as part of a strategic plan to add value for its distribution partners. Initially available in the UAE, and aimed at advisers working with expatriate customers, the Academy offers access to a team of specialists who will share their expertise...
In line with the decision issued by Dubai Health Authority (DHA) to merge the health insurance card with the ID card issued by the Emirates Identity Authority, Dubai Islamic Insurance and Reinsurance (Aman), has merged the insurance card issued by the company to its customers with the UAE ID card....
International Maritime Club (IMC) recently organised the IMC Golden Shield Excellence Awards 2016 to honour experts from Marine, Energy and Oil & Gas insurance sectors. Awards were presented toJugal Madaan, chief underwriting officer – Commercial Lines, ADNIC, Tariq A. Minhas, divisional head, Marine Department, Al Futtaim Willis Co LLC, Narayan...
The health insurance services provided by the National Health Insurance Company (Seha) have been indefinitely suspended as of 31 December 2015. The SCH said that the suspension is an implementation of a Cabinet decision released recently. News agencies reported that during the Cabinet’s weekly meeting it was decided that in...
Medgulf Takaful has entered into an agreement with Copart Bahrain. Both companies will work to streamline the salvage sales process. Nader Saeed Al Mandeel, CEO of Medgulf Takaful and Carlos Sabugueiro, CEO of Copart in the Middle East and Africa signed the agreement in an official ceremony. Al Mandeel commented,...
Nearly three million expatriates may face difficult healthcare challenges in three years’ time under a proposed government plan to close access to public health services. Government officials recently suggested that a timetable has been established for the creation of expat-only hospitals accessible by higher-cost private health insurance, according to a...
