September 17, 2019

Middle East Views

Middle East Views
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DoH develops oral health cover

The Department of Health-Abu Dhabi (DoH) has announced the development of a comprehensive oral health policy for all residents across the emirate. The new policy focuses on four key aspects, developing a new system for oral healthcare services, enhancing community awareness of the importance of preventative care and oral hygiene,...

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Warba expands stake in TPA

Warba Insurance has increased its stake in Wapmed TPA Services from 54.57 percent to 82.57 percent by buying 1.96 million shares in consideration of KWD196,000 (USD645.67). The transaction was concluded under the supervision of Boursa Kuwait and Kuwait Clearing Company, according to a statement. Warba stated that the financial impact of the...

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BSynchro raises USD1 million in funds

Beirut-based insurance technology start-up BSynchro has raised USD1 million in fresh funds from existing local VCs Berytech (Fund II) and Phoenician Funds (I), the start-up has announced in a statement. BSynchro apparently remained bootstrapped for a very long period of time before receiving its first external investment of USD4 million...

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Enhanced coverage for Kuwaiti retirees

Retired Kuwaitis will receive addition healthcare benefits with improved Afya 2 insurance card, according to the health ministry. The card will offer full coverage for the treatment of several additional ailments, the ministry said in a statement. These include joint stiffness, joint articulation with prosthetics, osteoporosis, fractures, urinary incontinence, prostate...

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Compulsory medical cover for KSA visa extension

The Directorate General of Passports (Jawazat) has made mandated the provision of medical insurance coverage for extension of family visit visa, local daily Al-Madinareported. The Jawazat said the provision of medical insurance for the visitors is a must for the extension of their visit visa. It said medical issuance will...

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Medical liability law to cut errors

The UAE Cabinet’s approval for the executive regulations of the Federal Law on Medical Liability reinforces the country’s health system and efficiency of medical services, to be at par with the international standards, said the Ministry of Health and Prevention (MoHAP). The executive regulation outlines the controls and requirements of...

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War risk premiums see hike

The recent attacks in the Gulf of Oman, close to the Fujairah port in the UAE have caused insurance premiums of oil tankers and ships to increase by an average of 10 percent. The increase in premiums has been attributed to the risk faced by tankers that sail through the...

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ECI launches SME product

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has announced the launch of ‘SME Protect’, an export trade credit solution, specifically designed for UAE-based SMEs to support their growth plans globally and assist them in entering high-growth markets. The product is claimed to be the first SME product...

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Kuwait adopts no-paper health cover policy

The Kuwait Ministry of Interior and Ministry of Health have implemented the automation process of health insurance services for expatriates. Paper receipt of health insurance will no longer be accepted and payments should be made online for all residence permits through the link – www.moh.gov.kw. Meanwhile, the Ministry of Health...

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Slump in insurance complaints: CBB

CBB executive director of financial institutions supervision Abdul Rahman Al Baker revealed the figures as he chaired the CBB’s periodic meeting with officials of Bahrain-based insurance companies’ recently. The meeting reviewed repeated customer complaints about car insurance services provided by these companies and urged them to comply with CBB regulations...

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