Mubadala Health has signed a partnership agreement with Abu Dhabi Pension Fund (ADPF) that will see a group of 67,000 people made up of pensioners and beneficiaries, both civilians and military covered in the Fund’s services, benefit from high-level services across Mubadala Health’s entire network of healthcare providers. The Benefits...
Oman Re recently launched its new branch at Qatar Financial Centre (QFC), Doha following the receipt of necessary regulatory approvals. While business operations are expected to commence from second quarter of this year, the new QFC Branch will write facultative and treaty business from both local and dedicated international markets. The Company’s...
One year after its launch, the DIFC Employee Workplace Savings (DEWS) Plan has been deemed a success with over USD127 million in assets under management as of 1 February 2021, encouraging and facilitating a new approach to savings via the workplace. Launched in February 2020 for Dubai International Financial Centre (DIFC) based...
Aviva plc (Aviva) has agreed to sell its entire 40 percent shareholding in its joint venture in Turkey, AvivaSA Emeklilik ve Hayat AS (Aviva SA), to Ageas Insurance International N.V. for a cash consideration of GBP122 million. Aviva’s joint venture partner, Sabancı Holding, will retain its 40 percent shareholding. The...
Driven by large populations and relatively low insurance penetration, growth prospects for takaful remain strong in the GCC, Africa and Southeast Asia, according to a report by Moody’s Investor Services (Moody’s). Despite the economic downturn in many of these markets which has been exacerbated by the coronavirus pandemic, Moody’s expects...
Ukrainian Insurance Group (UIG) has paid insurance compensation to the tune of USD1.333 million for a cargo of grain damaged as a result of an explosion in the port of the Beirut in the recent explosion, the insurance company has stated. Among other things caught in the blast wave spreading...
The National Debt Management Center (NDMC) recently signed a Memorandum of Cooperation with Nippon Export and Investment Insurance (NEXI). Fahad Al-Saif, chief executive officer of the NDMC, and Atsuo Kuroda, chairman and CEO of NEXI, signed the agreement. Mohammed Al-Jadaan, chairman of the NDMC’s Board of Directors, explained that the...
The National Health Insurance Company – Daman has launched the first digital smart branch service in the GCC health insurance sector: the Hayakom-Thiqa smart branch. The innovative smart branch provides all the services of a Thiqa branch and works through an advance appointment system that allows members to choose a...
The Insurance Authority has published draft regulations concerning Telematics technology for property and liability insurers who plan on incorporating it in their underwriting. The draft regulation mentions that the application of telematics technology is optional for the owner of commercial sedans and four-wheel drive, pick ups, tankers and trucks, buses,...
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with the UAE International Invers Council (UAEIIC) to support Emirati investments abroad and protect UAE export businesses globally. Both ECI and UAEIIC have the mandate to accelerate national economic diversification and sustain the competitiveness of businesses operating in...
