The Capital Market Authority has completed the first draft of a standard insurance policy for fishing boats and vessels and is set to receive feedback and observations from all stakeholders. The CMA has presented the policy draft to a specialised working group comprising of members from the Central Bank of...
The Capital Market Authority is organising a training program in collaboration with the College of Banking and Financial Studies and the Insurance Institute of India. The 15-day program will be conducted from December 5 to 23 within the Tamkeen training program for the Omani cadres working in the insurance sector...
Oman Reinsurance Company SOAG (Oman Re) recently listed itself on the Muscat Stock Exchange (MSX) in accordance with the local regulatory mandate and raised OMR2.62 million (USD6.8 million) in fresh equity. Upon successful listing, Oman Re’s chairman Dr. Juma Bin Ali Al Juma commented: “As a best-in-class regional reinsurer, success to...
The Board of Directors of the Qatar Insurance Company has decided to convert Daman Islamic Insurance Company (Beema) into a public joint stock company and list its shares on the Qatar Stock Exchange. In a bourse disclosure, QIC approved the conversion of Daman Islamic Insurance Company “Beema”, in which the company owns...
Dubai National Insurance & Reinsurance (DNI) has partnered with Munich Re to take over the Global Choice medical portfolio of Generali Global Health (GGH). Munich Re has taken over the reinsurance of the Global Choice policies since July 2021. DNI and Munich Re will maintain the existing policy benefits and...
The Council of Health Insurance (CCHI) and the National Health Information Center, in cooperation with the Ministry of Health, recently launched the nphies platform to facilitate the exchange of health information for patients. As an interest of the CCHI to ensure the importance for the entities to follow the integration...
The National Social Security Fund (CNSS) of Morocco has announced that retailers, artisans and other professionals registered on the Single Professional Contribution system (CPU), will now benefit from the country’s Mandatory Health Insurance (AMO). Contributions for beneficiaries of the CPU will be retracted starting this December, the CNSS said in...
The Council of Health Insurance organised a workshop for health insurance companies and claims management organizations to provide major updates and initiatives by the Council as part of its aim to improve the sector. The workshop’s agenda included a series of important topics, primarily the update of the health insurance...
The Saudi Central Bank (SAMA) announced the approval of a new product designed to provide a coverage of autonomous vehicles and related risks. SAMA has indicated that the product provides insurance coverage of autonomous vehicles (AVs) that can drive themselves from a starting point to a predetermined destination in ‘autopilot’...
Oman Insurance Company has signed a deal with MR HealthTech, a division of Munich Re to deploy MEDNEXT 10 as its core health insurance management system. Once it goes live, MEDNEXT 10 will form the backbone of Oman Insurance’s health insurance operations and will significantly enhance the end customer’s experience....
