In a bid to expand the business, Africa Reinsurance Corporation (Africa Re) Group has set up a unit in the Dubai International Financial Centre as its first presence outside of Africa. The business will operate as Africa Re Underwriting Agency Limited (Africa Re). Over the last 44 years, Africa Re...
President of the Supreme Council of Health (SCH) lieutenant-general Dr. Shaikh Mohammed bin Abdulla Al Khalifa recently launched the “Joint Initiatives between the Kingdom of Bahrain and the Dubai Health Authority” forum. Health officials from Bahrain and Dubai city took part in the forum, held via video conference. In his opening...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) recently signed a Memorandum of Understanding (MoU) for cooperation with the United Kingdom’s Export Credit Agency, the UK Export Finance (UKEF). The MoU allows for both entities to enter into co-insurance, reinsurance or cooperation agreements to engage in...
A social security generalisation project and compulsory health insurance will be part of reforms to be put forth in the 2021 Draft Appropriation Bill for Morocco. The priorities relating to the preparation of the 2021 Draft Appropriation Bill will require additional expenditure of around MAD33 billion, said Mohamed Benchaâboun, minister...
Following a comprehensive bidding process, Abu Dhabi National Insurance Company has been awarded as insurer of the DIFC Master Health Insurance Scheme in partnership with the Dubai International Financial Centre Authority (DIFCA), effective 01 October. Administered by EC3 Brokers MEA, the DIFC Master Health Insurance Scheme is intended to provide...
Jebel Ali Free Zone (Jafza) has entered into a strategic agreement with Etihad Export Credit Insurance Company (ECI) to support local businesses, advance exports, and drive the UAE economy during the current economic climate. A Memorandum of Understanding (MoU) was signed virtually by Mohammed Al Muallem, CEO & managing director,...
A press conference held by the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon has stated that an operations room will be set up in order to expedite the claims payment process for organisations and individuals affected by the recent explosion in the port of Beirut. This service will...
The Department of Health Abu Dhabi recently issued a decision concerning the schedule of violations and administrative fines for health insurance. This decision replaces Schedule No. (4) as part of the executive regulations of Law (23) of 2005 for health insurance in the emirate of Abu Dhabi. A statement on...
Zurich Workplace Solutions (Middle East) Limited has partnered with UK-based technology provider Smart to launch the Zurich for DEWS App in the UAE. The app, developed by Smart and fully customised for DEWS, provides members with a simple, quick and hassle-free digital way to manage their workplace savings accounts. The app creates transparency in...
“The data shows that the value of compensation paid by the insurance companies in the UAE for claims related to COVID-19 amounted to more than AED588 million till the end of August 2020,” said Ebrahim Obaid Al Zaabi, director general of the Insurance Authority (IA). He was speaking at the...
