Experts within the regional insurance industry discussed medical insurance and health care at the Sixth Regional Forum for Medical Insurance that took place in Cairo recently. The forum was held in cooperation between the General Arab Insurance Federation, the Egyptian Insurance Federation and the Egyptian Society for Health Care Management,...
The Capital Market Authority (CMA) has announced execution of the ‘Capital Market and Insurance Sector Stakeholders Perception Assessment Project’ to assess the perception and satisfaction of stakeholders and performance enhancement. The move comes as an endeavour to upgrade the services rendered to all regulated and supervised entities to enhance the...
Badri Management Consultancy recently released a report on the Q3 performance of the UAE listed insurance companies. According to the report, the total premiums written by the UAE listed insurance companies during the nine months of 2020 amounted to AED19.4 billion, compared to AED18.8 billion of premiums written in the...
Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of state for Foreign Trade and deputy chairman of the Board of Directors of ECI, praised the efforts of Etihad Credit Insurance (ECI), after it was assigned with Insurance Financial Strength (IFS) Rating and an Issuer Default Rating (IDR) of AA- (Very...
National Takaful Company (Watania) has announced its nine-month financial results for 2020. The company’s net profits are up by 78 percent compared to corresponding period last year. The Company achieved net profit of AED17.8 million in nine months during the financial year 2020 as against AED10.0 million in nine months...
The Capital Market Authority held a virtual introductory meeting on the Dhamani Platform. The meeting was chaired by Ahmed Ali Al Maamari, vice president, Insurance Sector and the participation of the company executing the Dhamani Platform and the insurance companies, brokers, agents, third party claim administrators and private hospitals and clinics....
The Capital Market Authority will hold a virtual meeting to introduce Dhamani Platform implementation on Monday with the participation of the Ahmed bin Ali Al-Mamari, vice president, Insurance Sector, the company executing the project, chief executive officers and general managers of insurance companies, brokers and agents as well as representatives...
Insurers based in the Gulf Cooperation Council (GCC) countries are exposed to increased outstanding receivables, putting them at risk of provisioning and pressurising profitability, Moody’s Investors Service stated in a report published recently. “The coronavirus-driven economic shock caused a sharp decline in oil prices that widened the region’s budget deficits...
Nama Shared Services Company (NSS), a member of Nama Group, recently signed a Credit Insurance System Agreement with Credit Oman. On behalf of NSS, Ahmed Al Rahbi, general manager of Nama Shared Services Company attended a signing ceremony with Sheikh Khalil bin Ahmed Al Harthi, CEO, Credit Oman. The agreement...
Orient Insurance Company will increase its stake in UAE-based Orient UNB Takaful PJSC and Egypt-based Orient Takaful PJSC as the result of a recent transactional agreement. Abu Dhabi Commercial Bank Group (ADCB) has agreed to sell its 49 percent stake in Orient UNB Takaful PJSC and its 20 percent stake...
