Etihad Credit Insurance (ECI) and the French Export Credit Agency Bpifrance Assurance Export have signed a reinsurance agreement to increase joint Emirati and French projects globally. The agreement, which was signed by Massimo Falcioni, CEO of ECI, and François Lefebvre, general manager of Bpifrance Assurance Export, in the presence of...
UK-based Instanda, a customer and policy management platform for the insurance industry, has started working with new client and partner in UAE, NewTechMe. NewTechMe is an insurance broker established through strategic partnership between The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, and carefully chosen insurance industry veterans. By...
The Capital Market Authority has organised, in collaboration with the International Compliance Institute, a workshop titled ‘Customers, Cross Border Payments and Targeted Financial Sanction’ as a training programme of the employees of the capital market and insurance sector on Anti Money Laundering and combating financing terrorism with the participation of compliance officers...
Bupa Global has launched the second edition of the Bupa Global Executive Wellbeing Index analysing the continued effects of the COVID-19 pandemic on the world’s high-net-worth community. The index, surveyed over 1,200 HNWIs and senior business executives based across Europe, North America, the Middle East and Asia. The survey shows...
The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) have entered into an agreement supporting the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone. The agreement establishes a framework that allows DWTCA to issue the necessary...
Under the patronage of the Financial Supervisory Authority, Dr. Mohamed Omran, chairman of the Authority, signed a memorandum of understanding with Egypt’s minister of Immigration Nabila Makram, and Alaa Al-Zoheiry, chairman of the Egyptian Insurance Federation, with the aim of coordinating cooperation in the field of providing insurance protection for...
Takaful providers in the Gulf Cooperation Council (GCC) countries reported a decline of over a third in their combined net income during the first half of 2021 (H1 2021) compared with the same period last year. The deterioration reflected rising claims and stiff competition in a still fragmented industry. Moody’s...
The Saudi Central Bank has announced the second quarterly report of the year 2021 for the insurance sector. Overall, the sector showed positive developments during the second quarter of the year 2021, according to the report. The gross written premiums grew by 8.1 percent to reach SAR9.4 billion in the second...
Bahrain-based Benefit, a fintech and electronic financial transactions service organisation, has integrated the insurance sector to the Electronic Know Your Customer (eKYC) service in collaboration with Bahrain Insurance Association (BIA). This initiative is aligned with The Central Bank of Bahrain’s (CBB) objective of the digitisation of insurance services. The eKYC...
Rapid changes to working conditions resulting from the COVID-19 pandemic have exposed gaps in the ability of organisations to respond to risks associated with their workforces, according to a new report by Mercer Marsh Benefits (MMB). Conducted a year after the declaration of the pandemic, the survey of over 100...
