AIG has recently launched its Trade Credit Insurance (TCI) product in the UAE. AIG has been underwriting this class of business globally for over 40 years. The UAE is seen as the ideal launch pad for trade credit insurance in the Middle East due to its accelerated GDP growth and...
Oil and gas firms globally are increasingly exposed to cyber threats as a result of converging technological, terrorism and political risks. According to Marsh, oil and gas firms with installations in politically sensitive geographies are more exposed to cyber attacks, given the potentially crippling nature of any ensuing disruption on...
Zurich Insurance Middle East has extended its product and service offering to the corporate retail insurance market to serve the needs of large, complex companies that require more sophisticated and cross-border insurance solutions. Zurich Global Corporate will complement its reinsurance business with insurance and risk management services, including risk transfer...
Held under the patronage of H.E. Dr. Mohammed bin Saleh Al-sada, Minister of Energy and Industry, Qatar and chairman and managing director of Qatar Petroleum; and supported by Qatar Chamber and Public Works Authority (Ashghal), Qatar Projects 2013 was packed with presentations and panel discussions that provided valuable information to...
Returning for its sixth year of action and excitement, the RSA Cricket Cup corporate cricket league is warming up to thrill cricket lovers in the UAE insurance sector. 10 teams will be pooled in to three groups to compete for the coveted RSA trophy in a T20 format over the...
Nexus Financial Services is moving to larger offices in the Seef District to accommodate market expansion plans and an on-going recruitment drive. “Bahrain is a significant market for Nexus and we are delighted that our expansion and influence continues to spread,” said Emanuel Lantzos, general manager, Nexus Financial Services. “We...
JOHN DRZIK, CEO OF OLIVER WYMAN GROUP, A PART OF MARSH & MCLENNAN COMPANIES According to the World Economic Forum’s (WEF’s) Global Risks 2013 report, severe income disparity is regarded as the most likely risk over the next decade. Respondents with expertise in the MENA region also put water supply...
The Ministry of Health has said that there had been no increase in the monthly fees that public health insurance beneficiaries pay and that there were no plans to change the existing fee system. The minister of health Abdul Latif Wreikat said,“The government currently deducts three percent from the basic...
AXA Insurance Gulf, a non-life international insurer in the region, has been conferred the Insurance Authority award for its commitment to Emiratisation guidelines. The award was handed over in Abu Dhabi by Sultan Bin Saeed Al Mansouri, minister of Economy and Ibrahim Obaid Al Za’abi, acting director general of Insurance...
National Bank of Oman (NBO) has announced the re-launch of its Himayati Life Insurance Plan. The enhanced plans will include additional coverage besides the existing basic Life Insurance Plan first launched by the bank in 2009. The Himayati ‘basic plan’ gives a maximum coverage for an amount of OMR 10,000...
