Cigna Insurance Middle East [CIME] has announced the winners of its 3rd Middle East Brokers Awards. The annual event recognises and rewards the distinguished efforts of brokers who play a crucial role in driving the insurance sector in the region by demonstrating leadership through innovation and helping the insurer in serving its clients more...
Organisations in the United Arab Emirates (UAE) have made significant strides towards providing better health and well-being benefits to employees post-COVID, new research by Aetna International shows. However, the study — which polled over 1,000 employees across the UAE — shows that work remains to be done to improve internal...
Alpen Capital recently addressed a webinar on the GCC insurance industry, listing out drivers of growth, the current status of the sector, with an outlook and trends that would reflect positively in the future. The webinar also featured the views of panelists Fareed Lutfi, secretary general of the Emirates Insurance...
Dubai National Insurance (DNI) has been awarded Participating Insurer (PI) license by Dubai Health Insurance Corporation (DHIC). Following the granting of this license, DNI will service an even more extensive customer base by offering the Essential Benefits Plan (EBP). The EBP is the minimal level of health insurance cover under...
Al Salam Bank and Ithmaar Holding B.S.C. have announced their agreement in the acquisition by Al Salam Bank of the consumer banking business of Ithmaar Bank, and Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait B.S.C (BBK) and Solidarity Group Holding, the parent of Solidarity Bahrain. The...
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will establish new general terms and conditions for its standing credit and liquidity insurance facilities, where licensed financial institutions in the UAE can avail access to CBUAE reserves on an overnight or term basis by...
Braxtone Group has announced its acquisition of Afro Asian Assistance LCC in Oman. Commenting on the acquisition of Afro Asian Assistance, Ayman Al Ajmi, chairman of Braxtone Group, said, “Our acquisition of Afro Asian Assistance LLC is part of our plans to expand beyond the Kingdom of Bahrain and increase...
Zurich International Life (Zurich) and market research agency YouGov have released a Critical Illness Survey Report which gathered responses of 502 employed UAE residents aged between 24 – 45 years and without dependents on how they would cope financially should they be diagnosed with a serious illness. The report also...
AXA Gulf has announced, in collaboration with Motori, a plan to launch proactive artificial intelligence-based services to limit fraud in motor insurance claims and automatically calculate the risks for new customers. The new alliance will allows the insurer to rapidly identify the risk of new clients, including extensive analysis of...
The Dubai Health Authority (DHA) highlighted recently during the ongoing Arab Health Congress and Exhibition the success of its ‘Doctor for Every Citizen’ telemedicine service. Since its inception, more than 185,000 consultations have been conducted through this telemedicine initiative. DHA launched the 24/7 Doctor for Every Citizen initiative in December...
