MPs have presented an urgent proposal to open up the Bahrain insurance market for insurance companies to provide policies for housemaids. The proposal, which will be debated during Parliament’s session, has been presented by five MPs led by Parliament public utilities and environment affairs committee chairman Khalid Bu Onk. An...
The pandemic has emphasised the importance of health and wellbeing, with many organisations focusing on the enhancement of employee benefits programs as one of the strategies to attract and retain talent. This is highlighted in a new report by employee benefits platform Bayzat, which found that over the last 12 months, two-thirds...
The Council of Health Insurance, Kingdom of Saudi Arabia recently launched the Dhaman Fund that aims to cover expenses that exceed insurance coverage specified under health insurance policies. While approval was issued earlier by the Council Board of Directors, the Dhaman Fund aims to cover expenses for specified facilities in accordance with specific...
AM Best recently held an insurance market briefing recently in Dubai, where the key trends impacting the region’s insurance industry, reinsurance sector, consolidation within the market and the regulatory environment were discussed. Speaking about key trends, Alex Rafferty, associate director, Analytics, AM Best, said that despite headwinds such as persisting...
AXA Gulf has completed the digitization of its commercial auto business line powered by InsureMO PaaS, a microservice based digital insurance platform provided by eBaoTech Corporation. The commercial auto business is a fast-growing segment in the Middle East region. However, in most insurance organizations, the majority of existing operations are...
The Financial Regulatory Authority (FRA) represented Egypt for the fourth time to retain membership within the executive committee of the International Organisation of Pension Supervisors (IOPS) for the coming period 2022-2023. Egypt was selected to the Executive Committee from representatives of 77 member states of the organisation during its annual...
The Saudi Central Bank (SAMA) announced the approval of a parcel insurance product for several insurance companies to cover the risk of transporting parcels – in the event of loss or damage – to be released in the Saudi insurance market. This step comes as part of the ongoing efforts...
The Saudi Export-Import Bank (Saudi EXIM Bank) has announced that it has officially joined the Berne Union, the leading association of the global export credit and investment insurance industry. The Saudi EXIM Bank’s inclusion in the Berne Union provides a unique platform to partner with leading institutions to address major...
Dubai National Insurance & Reinsurance (DNI) has announced the launch of a dedicated contact centre to service its clientele. Abdulla Al Nuaimi, chief executive officer at DNI, said: “We are delighted to launch our new Contact Centre, which is set to be yet another important milestone in our commitment to elevate...
The Ministry of Public Health (MoPH) has affirmed that based on Law No. 22 of 2021, of developing and regulating the health sector in the country, a mandatory health insurance system will be implemented for all expatriates and visitors to the country to provide basic healthcare services to them through...
