The Capital Market Authority has announced a tender for e-payment service for the Dhamani health insurance platform. The service will enable transfer of funds between health services providers and insurance policyholders. The e-payment service will be added in the first phase of the platform which will be launched in the...
Dubai Islamic Insurance & Reinsurance Company PJSC (Aman) has announced its financial results for the first quarter of 2021. Aman reported a net profit attributable to shareholders of AED6.4 million in the first quarter of 2021, registering a significant increase of 100.8 percent compared to AED3.18 million in the first quarter of...
Islamic Arab Insurance Company, (SALAMA) has announced its audited financial results for Q1 2021. SALAMA reported a net income of AED24.22 million in the first quarter of 2021, its highest Q1 net profit since 2011, and an increase of 84.43 percent compared to AED 13.13 million in the first quarter of 2020. SALAMA...
Cigna Insurance Middle East (CIME) has announced the winners of its 2nd Middle East Brokers Awards. Marsh Emirates Insurance Brokerage, Nasco Middle East, and Nasco Emirates won in the SME Broker of the Year category, while AON Middle East was named Corporate Broker of the Year and Pacific Prime was honored as...
Amazon Payment Services (APS) has partnered with Zurich International Life Limited (Zurich) to offer digital payments for its customers in the Middle East on Zurich’s digital customer onboarding platform ZurichPro. Commenting on the new partnership, Omar Soudodi, managing director of Amazon Payment Services, said: “It is a privilege to be...
Protect4less, a UAE-based insuretech startup that provides users of smartphones and other electronic devices including laptops, PCs, tablets, accessories and home appliances coverage, has closed a USD1 million Pre-Series A round from a group of family offices and private investors. Rafiq Khan, co-founder and managing partner of Protect4less, commented: “As...
The National Health Insurance Company – Daman has received the ISO/IEC 20000-1:2018 certification, recognising the insurer’s sophisticated management of its IT services. Daman claims to be the first health insurer in the region to receive the certification. ISO/IEC 20000 is the first internationally recognised standard for an IT Service Management System...
The Saudi Central Bank and the Council of Cooperative Health Insurance announced that insurance documents on non-Saudis will be updated with COVID-19 coverage. The added coverage will be updated for all non-Saudis arriving in the Kingdom from abroad, for the purposes of tourism, visit and Umrah. The step, according to...
Saudi Enaya Cooperative Insurance company has announced the signing of a binding merger agreement with Amana Cooperative Insurance Company. The Board of Directors of both companies have reached an agreement regarding the conditions under which Enaya will be merged into Amana and all the assets and liabilities of Enaya will...
The Capital Market Authority continued training and qualification programs for the national cadres working for the insurance sector by organising a training program titled “Excellence in Customer Service of insurance companies ” in collaboration with Bahrain Institute of Banking and Financial Studies (BIBF). The training program falls within the series for the year...
