The National Health Insurance Company – Daman has launched its new range of individual health insurance plans designed exclusively for residents of Dubai and the Northern Emirates. The Care plans, featuring a number of variations, were created to address specific market demand in these Emirates by offering a range...
Standard Life announced an enhanced offering to its savings and investment products, which will be offered through authorised intermediaries in the UAE. The products will offer access to four Standard Life/HDFC Mutual Funds via its savings and investment contract that is issued from Standard Life International Limited. Chris Divito, CEO,...
The head of MCCI’s transport committee, Saad Jamil Al-Qurashi, called on the Ministry of Haj to ensure the general syndicate of cars makes insurance mandatory for companies transporting pilgrims. Al-Qurashi said insurance policies protect the rights of all parties and raise awareness of the issue, particularly in the wake of...
AJAY ARORA OF SIDRA CAPITAL DIFC LIMITED, SHEFALI KHERA OF AGILE FT AND KALPESH DESAI OF AGILE FT Sidra Capital (DIFC) Ltd., a category- 3A company, licensed by the Dubai Financial Services Authority (DFSA), has completed the successful implementation of Agilis IMS software. The deployment of Agilis at Sidra Capital...
A.M. Best revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of Al Fajer Retakaful, Kuwait. The stable outlook reflects Al Fajer Re’s improved underwriting and investment results, which reduces concerns surrounding the company’s historical volatile...
Union Insurance Co. announced its results for the first six months of 2013, demonstrating solid financial performance. The company has reported a net profit of AED 21.2 million compared to a net loss of AED 37 million for the same period last year, an increase of 157 percent. This has...
According to a report by Kuwait Financial Centre (Markaz), the GCC insurance industry is expected to be worth USD 28 billion (AED 102.7 billion) by the end of 2015 and USD 40 billion by 2017. The industry saw a Compound Annual Growth Rate (CAGR) of 18 percent between 2006...
The Ministry of Social Affairs will issue orphans in Saudi orphanages with health insurance cards, said Fahd Al-Issa, the Ministry’s spokesman in Makkah province. The health insurance will cover over 3,000 orphans. “We started with Riyadh Province, where we covered 1,000 orphans. The insurance would enable orphans to receive healthcare...
A mechanism to standardise medicine prices in the Gulf Cooperation Council (GCC) is expected to be in place by November, ahead of a meeting of Gulf Health Ministers early next year to endorse the price list. The entire scheme is aimed at reducing and maintaining uniform prices of medicines and...
SEIB Insurance and Reinsurance Company LLC and The College of Arts and Sciences (CAS) at Qatar University (QU) have announced a five-year agreement for student internships and workshops in all the relevant fields at the College. The Memorandum of Understanding (MoU) was signed by the Dean of CAS Dr. Eiman...
