December 2, 2020

Middle East Views

Middle East Views
QGIRC enlists services of Roland Berger

2021 Draft Appropriation Bill: Insurance reform imminent

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...


ADNIC emerges insurer for DIFC health cover scheme

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...

ECI, Jafza join forces

JAFZA, ECI join forces to enhance trade

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,...

Beirut Blast

Beirut blast: Special claims process to be set up

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...


DoH issues fines for health insurance violations

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...


DEWS app launched

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...


Regulators address resilience of insurance sector

“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...


IA, MOCCAE hold workshop on climate risks, opportunities for insurance

The Ministry of Climate Change and Environment (MOCCAE) and the Insurance Authority recently organised a virtual awareness workshop to explore climate-related opportunities and challenges for the insurance sector. Around 50 insurance companies and other stakeholders attended the event themed ‘Studying the Insurance Sector’s Opportunities and Risks in Light of Climate...


BNH, BIBF to hold virtual forum in November

The Bahrain Institute of Banking & Finance (BIBF) and Bahrain National Holding (BNH) will jointly organise a forum on digital transformation in November 2020 to reimagine the insurance sector and future-proof the industry against further disruption in a post-COVID world. This one-day virtual forum will bring together key speakers and subject matter...


CMA: Workshop for Insurance Agents

The Capital Market Authority will organise a training workshop for insurance agents in collaboration with the Public Authority for Small and Medium Enterprises targeting national cadres to acquaint them with  technical and administrative skills required for distributing  licensed insurance products. The five day workshop will start on 18 December at the...

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