Cigna Insurance Middle East (CIME) has launched its new health insurance offering SmartCare by Cigna. The new region-specific offering provides members access-to-care across a wide list of network providers, and is supplemented with services such as Employee Assistance Programs, Telehealth, Clinical Care for critical illness, Pandemic inclusions and Mental Health solutions, which...
Zurich International Life in the Middle East (Zurich) has highlighted some key insights for the future of the industry in the UAE, as part of its ‘Shaping a Brighter Future of Work’ report published in collaboration with Oxford University. The study distilled insights from 17 of Zurich’s markets across five continents...
Al-Futtaim Health and MetLife have announced a strategic partnership to launch a service that will connect healthcare professionals and specialists with patients virtually. The services will be launched under MetLife’s Care Anywhere platform, powered by Al-Futtaim Health, making healthcare services more accessible to MetLife’s corporate insured members. MetLife’s Care Anywhere encompasses...
RSA Middle East has announced that American property & casualty company Intact Financial Corporation has successfully acquired all its intended shares in RSA Insurance Group plc, based out of the UK. A consortium comprising of Intact Financial Corporation and Tryg A/S, has purchased all shares in RSA Insurance Group plc, with acquisition...
Mitsui Sumitomo Insurance Co., Ltd., a subsidiary of MS&AD Insurance Group Holdings Inc. has announced that it has invested in and formed a business alliance with Israeli start-up Upstream Security Ltd., a company that specialises in providing innovative solutions for connected cars. Upstream’s advanced cybersecurity technology for connected cars is...
The health ministers of the Gulf Cooperation Council for the Arab States (GCC) convened their fifth extraordinary meeting in Riyadh, during which they discussed the importance of vaccinations as a safe means to protect communities to overcome the pandemic, with the need to sustain adherence to the approved precautionary measures. The...
Commercial insurance pricing has increased owing to the COVID-19 pandemic and its resulting economic slowdown that has impacted insurers across the world, according to a report by Marsh. The MENA Insurance Market Update by Marsh has stated that insurance markets in the Middle East and North Africa region have not...
Cities like Cairo, Damascus, Istanbul, Tehran and Jeddah are likely to experience medium to high environmental risk, according to research published by Verisk Maplecroft, The ‘Environmental Risk Outlook 2021’ covers key and emerging environmental issues for investors and companies that would like to mitigate their exposure to financial, reputational and...
Bahrain Kuwait Insurance Company (gig Bahrain) and Takaful International (gig Bahrain-Takaful) announced the commencement of its first Graduate Development Programme (GDP) on 23 May 2021, designed in strategic partnership with the Bahrain Institute of Banking and Finance (BIBF), to provide fresh graduates with the technical knowledge and competencies to start their career in Insurance....
The Saudi Central Bank (SAMA) has issued the 14th annual report on the Saudi Insurance Market. The report highlights the performance of the insurance sector in the Kingdom of Saudi Arabia in 2020 and the sector’s contribution to the Kingdom’s gross domestic product (GDP). According to the report, the insurance...
