Financial Strength Rating of Dubai National Insurance (DNI) has been upgraded to A- (Excellent) from B++ (Good) by AM Best. DNI’s Long-Term Issuer Credit Rating has also been upgraded to “a-” (Excellent) from “bbb+” (Good). Abdulla Al Nuaimi, chief executive officer of Dubai National Insurance (DNI), said, “It is an...
InsurTech Wellx and metabolic fitness platform, Ultrahuman, have collaborated to introduce a novel insurance program, to to help users track key metrics and lead a healthier lifestyle by being mindful of what they are consuming on day-to-day basis. Upon sign-up, all Wellx customers will gain access to critical health metrics...
Sukoon has launched ‘Health Extend’ – a health insurance product in the UAE that allows employers to limit their budget while giving employees the freedom to add specific covers according to their own needs. Employers will be offered a medical product providing strong base benefits but also allowing their employees...
Online vehicle auctioneer Copart UAE Auctions LLC has announced the cooperation with eData Information, located in Dubai, UAE. eData is the Middle East’s leading vehicle data specialist, offering vehicle specifications and valuations for various industries. “This cooperation will serve as the basic data provider for our operations in the GCC...
Islamic Arab Insurance Company (SALAMA) and French wholesale broker APRIL Group, have announced a new partnership to bring innovative international health insurance solutions to UAE consumers. With this partnership, which marks APRIL International’s expansion into the Middle East, the group will build on SALAMA’s decades of expertise to provide seamless...
ESA Business School has partnered with IRM and Corporate Risk Management Institute (CRMI) has launched a certificate in risk management for insurance and reinsurance professionals. The signature of the partnership took place recently at ESA Business School in Clemenceau in the presence of Maxence Duault, general director at ESA business...
Sukoon has finalised the acquisition of the UAE Life insurance portfolio from Assicurazioni Generali S.p.A. The agreement, signed in February 2022, is in line with Generali’s overall strategy to rationalise its business model in UAE by strengthening its ecosystem of partnership proposition. The transfer which covers unit-linked life insurance policies...
CFS DIFC Limited, a leading insurance intermediary and financial services provider, has secured a Dubai Financial Services Authority (DFSA) licence to advise on financial products and arrange deals in investments related to long-term insurance contracts. Founded in 1994 by insurance veteran Ashok Sardana, The Continental Group (CFS DIFC Limited) has expanded to five...
Dubai National Insurance (DNI) has joined hands with Wellx, the region’s very first wellness backed insurance platform, to launch ‘Wellx Fit’, a unique insurance product that offers all policyholders a complimentary Fitbit device to track activity and stay on top of their health goals. The MoU was signed by Abdulla Al Nuaimi,...
Lux Actuaries & Consultants has announced the establishment of Lux Actuaries & Consultants in Kuwait, as a locally based actuarial consultancy, registered by the Kuwait Insurance Regulatory Unit (IRU). “This is another proud milestone in the growth of Lux within the Gulf region. Our thanks to the team that has...
