Ebrahim Obaid Al Zaabi, director-general of the Insurance Authority and president of the Union of Arab Insurance Supervisors’ recently held an e-meeting with the presidents of the Arab authorities overseeing the insurance activities of the union’s members. During the meeting, the participants discussed the key efforts of Arab supervisory authorities...
Etihad Credit Insurance (ECI) and Abu Dhabi Exports Office (Adex) announced recently a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. Adex and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE...
A high-rise tower caught fire recently in the emirate of Sharjah. and authorities said it wasn’t immediately clear what caused the blaze. Neighbours and onlookers saw flames shooting up the sides of Abbco Tower. The building was swiftly evacuated and the fire was brought under control in less than three...
Noor Takaful and Deem, a digitally-led financial services provider, have signed a partnership to create new solutions for corporates and SMEs to access insurance products online while they are working remotely and quarantined from their homes. Through the agreement, Deem’s business customers will be able to access Noor Takaful’s wide-range of commercial...
The audited financial statements of the insurance sector for 2019 show that gross direct premiums of the sector increased by five percent to OMR486.5 million at the end of 2019 compared to OMR463.5 million at the end of 2018. The average growth of insurance premiums in the past five years...
DMCC has announced that it has signed a Master Service Agreement with Dubai Insurance Company (DIC) to introduce a new Employee Protection Insurance programme for all DMCC and member company employees. The agreement was signed electronically by both representatives. The Employee Protection Insurance programme will offer increased protection for member...
The Insurance Authority is working on a modern technology system in vehicle insurance to monitor the behaviour and guidance of drivers when committing misconduct while driving, which contributes to reducing traffic accidents and reducing the number of road traffic deaths. This comes as part of the Authority’s contribution to the...
Bahrain National Holding Company BSC has announced the consideration of the acquisition of 25 percent in Al Khaleej Takaful Insurance Company QPSC, in Bahrain National Life Insurance Company. The announcement was made in a bourse disclosure.
The Financial Regulatory Authority (FRA) has issued a decision to extend the installment payment deadline for non-payment risks insurance policyholders. This decision covers micro, small, and medium enterprises (MSMEs). FRA chairperson Mohamed Omran has said that installments will be collected starting early March to September without imposing any delay fines....
GIG Group, represented by GIG Takaful, GIG Bahrain and GIG Kuwait have signed a strategic partnership agreement to support the BIBF’s latest publication Takaful: Technical and Operational Aspects. The textbook will provide a comprehensive reference to Takaful and its operations, and will be a source of teaching material and information...
