His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No. (27) of 2021 forming the ‘Emirati Human Resources Development Council in Dubai’. The Council, which includes representatives from the public and private sector, will oversee the...
KPMG’s new report, the Future of Insurance, presents macro trends that are shaping the insurance industry, along with a review of the financial performance of the Saudi companies. The publication also highlights outcomes of the most recent KPMG 2021 CEO Outlook Global Pulse Survey, where 50 CEOs of insurance companies...
Emirates NBD Bank (P.J.S.C.) has confirmed the sale of 22,778,049 shares in National General Insurance Company P.J.S.C. (NGI) at a price of AED3.12 per share. This sale represents 15.19 percent of the Issue Shares of National General Insurance Company P.J.S.C, according to a bourse statement. Following the sale, Emirates NBD...
Marsh has announced the launch of its engineering hub in Al-Khobar, Saudi Arabia. The Energy Engineering hub is Marsh’s third in the Middle East and Africa (MEA) region and joins the business’s existing engineering hubs in Abu Dhabi and Dubai. The hub will be led by Nick Holland, who will...
The Department of Health – Abu Dhabi (DoH) has announced the Abu Dhabi Healthcare Information Security Strategy. The strategy will serve as a framework that defines the important principles that guide the comprehensive approach to enhance Abu Dhabi’s healthcare sector to securely and effectively mitigate cyber threats. The new strategy is...
Democrance recently announced the completion of its latest funding round, led by Dubai-based international VC firm Global Ventures, along with the participation of Veridian Ventures and existing investors. Michele Grosso, chief executive officer, Democrance, said: “Democrance aims to enable the consumerisation of insurance where insurance products will be bought and serviced...
The Chartered Insurance Institute, Middle East, has announced a teaming agreement with the Centre of Excellence for Applied Research & Training (CERT), which will see the organisation incorporating the CII’s professional qualifications and certifications into career path development within the UAE’s Insurance and Financial Planning sectors. CERT provides life-long learning...
Aetna International has announced that it has partnered with Sanlam Pan Africa to launch the Global Health plan — a health insurance offering that addresses the healthcare needs of both local and expatriate nationals, on an international basis, across all market segments in 19 countries in Africa. Fully compliant with...
Solidarity Bahrain recently announced the launch of “on-spot cash settlement” in lieu of car repair for its valued customers, in a bid to enhance and simplify the motor claim process. The motor claims on-spot cash settlement is the first of its kind in Bahrain in a price-driven and highly-competitive insurance sector....
The Saudi Central Bank (SAMA) recently announced the issuance of the Rules governing Forming and Managing Health Insurance Risk Pools through Brokers. The rules aim to regulate and develop the mechanism of forming and managing health insurance risk pools and providing access to suitable insurance coverage at low costs. SAMA...
