In a move to serve the population during the current pandemic, the Insurance Authority has decided to amend Resolution (30) of 2016, which include reducing the tariff rates of motor vehicle insurance so that companies have the power to discount the premium by up to 50 percent for vehicles owned...
Etihad Credit Insurance (ECI) and export financing entity Abu Dhabi Exports Office (ADEX) founded by Abu Dhabi Fund for Development, 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...
Raising professional standards is the top issue facing the insurance and financial planning professions according to the Chartered Insurance Institute’s 2020 edition of its annual guide, A World of Promise. “A World of Promise” has been produced by the CII, with valuable input from training partners and insurance institutes around...
Gulf Insurance Group (gig) has announced that it has partnered with blockchain technology start-up Addenda Technologies to streamline its motor recovery process, with a view to transform digitally. gig is the first in Kuwait to use blockchain platform, which will allow for minimal business disruption in times of crisis as...
AXA Gulf has extended its 24/7 virtual healthcare service – AXA Teleconsultation to all its health and retail customers in the Gulf region during this period of crisis. AXA Teleconsultation is giving its respective customers free 24-hour access to virtual health consultation and also ensuring the regional healthcare systems maintain efficient...
Oman Insurance Company has partnered with Arte Generali to offer a new home insurance product for high net-worth individuals in the UAE. The product has been launched as part of Oman Insurance’s existing ‘Privilege Club’ offering that provides a wide range of coverage options to high net-worth clients in the...
Zurich Workplace Solutions (ZWS), a subsidiary of Zurich International Life Limited and Scheme Administrator for the DIFC Employee Workplace Solutions (DEWS) Program onboarded 1,100 DIFC based companies into the scheme as at the end of last month. “We have been working closely with organisations and helping them with enrolment and...
Gulf Insurance Group (gig) has announced its investment of USD4.25 million into insurance aggregator yallacompare.com. Commenting on this acquisition, CEO, Khaled Saoud Al Hasan said, “gig’s acquisition in yallacompare is an integral part of gig’s digitalisation strategy which aims to strengthen its digital distribution channels and provide an online gateway...
The Insurance Authority Board of Directors has passed a resolution marking the amendment of some provisions of the regulations concerning insurance brokers. One such amendment that was passed concerned the issue of Letter of Guarantee: “The insurance brokers may submit to the Authority a request to reduce the amount of...
The Tunisian Federation of Insurance Companies (FTUSA) has announced that the organisation will contribute TND2 million towards the COVID-19 Solidarity Fund 1818. In a press statement, the FTUSA also stressed that insurance industry has taken all measures to continue work with minimal disruption, making available to them all the means...
