GIG Gulf hosted its VIP broker event and awards under the theme of ‘Pride and Passion’. The event was held in Bahrain for the first time and saw over 100 local partners in attendance. The occasion also recognised the significant investment by GIG Gulf in its new regional headquarters located...
Old Mutual and CoverGo have formed a strategic partnership through Old Mutual’s investment in CoverGo’s USD15 million Series A earlier in 2022. Old Mutual, one of the world’s oldest insurance companies, will be able to leverage CoverGo’s platform to streamline its insurance ecosystem by launching insurance products in record time,...
Mosaic Insurance has opened an office in Dubai, United Arab Emirates, within the Dubai International Financial Centre (DIFC). Three specialist underwriters, along with a finance team member, are based at the new location—the seventh for Mosaic as it approaches its second anniversary next month. The company’s other physical hubs are...
Cigna Worldwide Company has announced that it has received an official branch license from the Saudi Central Bank (SAMA) to operate as a health insurer in the Kingdom of Saudi Arabia. The announcement makes Cigna Worldwide Insurance Company the first international insurance provider to receive a branch license to operate in...
Orient Insurance Company (Orient) part of Al-Futtaim Group, has partnered with Mashreq, one of the leading financial institutions in the UAE, to launch Orient Educare – a new guaranteed returns savings, investment, and insurance plan. Orient Educare is designed to provide Mashreq customers with a low-risk savings plan that offers...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed a wide-ranging Memorandum of Understanding (MoU) with Abu Dhabi Future Energy Company (Masdar) which is set to give a major boost to the transition to renewable...
Dubai National Insurance (DNI) has partnered with Takalam, an award-winning mental health and well-being platform, offering private and easy access for individuals to choose from a variety of mental health professionals, tools, and solutions as part of their packages. Abdulla Al Nuaimi, chief executive officer of Dubai National Insurance (DNI),...
Abu Dhabi Exports Office (ADEX) has signed an agreement with the Korea Trade Insurance Corporation (K-SURE), on the sidelines of the UAE-Korean Business Forum, organised by the Abu Dhabi Chamber of Commerce & Industry. The agreement aims to promote Emirati exports, drive investment, and explore fresh opportunities to carry out...
The Supervisory Authority of Insurance and Social Welfare (ACAPS) was elected, represented by Siham Ramli, director of Communication and International Relations, recently to the position of vice-president of the Executive Committee of the International Association of Insurance Supervisors (IAIS), in charge of Emerging Markets and Developing Economies (EMDE), succeeding the...
Damana has entered the B2C digital market with a new motor insurance portal for Bahrain. Through the new portal, commercial and private motor customers can obtain quick quote packaged options, with seven-day validity, and renew existing policies with successful transactions taking less than two minutes. “Customer convenience is at the...
