Al Wathba National Insurance Company (AWNIC) recently launched its e-commerce website with faster services and its very own online salvage car auction system. “Today AWNIC is launching its first interactive website and mobile app to avail its products online and process motor claims digitally for customers. We are very proud...
The Department of Health – Abu Dhabi (DoH) and the Dubai Health Authority, (DHA) have announced that they are strategically partnering to achieve the objectives and vision of the UAE in developing an international healthcare model. The announcement was made during a meeting that took place at the DHA headquarters...
Oman Insurance Company is in the process of increasing its shareholding to 100 percent in Dubai Starr Sigorta A.S., a Turkish non-life insurer. The organisation has accordingly signed a Sale and Purchase Agreement, according to a bourse statement, and remains subject to regulatory approval. The shareholder structure of the company...
The Saudi Arabian Monetary Authority (SAMA) has invited observations and comments on the draft rules governing bancassurance activities. This step comes in continuation of SAMA’s role in developing the financial services environment and aligning with the latest technical developments in the insurance industry in correspondence with SAMA’s objectives of Insurance...
The Social Security Corporation’s (SSC) insurance revenues, from its establishment in 1978 to the end of September 2019, have reached JOD17.1 billion, SSC spokesperson Musa Sbeihi said recently. SSC expenditures to cover insurance services of pensions, work injuries and compensations totalled JOD9.8 billion, while the corporation recorded an accumulative surplus...
Minister of Commerce and Industry, Khaled Al-Roudhan, has issued a decision to form the Supreme Committee for the Independent Insurance Unit, with seven members, including two full-time members, who were appointed by an Amiri decree in accordance with the law, according to a report by Kuwait Times. The two members...
Comar Tunisia has become the latest local insurance provider to become a member of MAXIS Global Benefits Network (MAXIS GBN). The addition of Comar means MAXIS GBN now has a member insurance firm to provide medical, life, accident and disability coverage to multinational clients in Tunisia. In total, the MAXIS...
The insurance and financial sectors were among the industries to see declining growth, according to Arif Al Muhairi, executive director, Dubai Statistics Centre (DSC). Financial and insurance activity were among sectors such as agriculture, electricity, gas, water, waste management and information and communication activities that declined by 1.4 percent compared...
Two leading Turkish banks were fined TRY281.8 million for breaching insurance laws regulations. Yapı Kredi, the Turkish unit of Italy’s UniCredit SpA, has been fined TRY187.1 million and Akbank was asked to pay TRY94.7 million, according to statements by the companies to the Istanbul Stock Exchange. Both banks said they...
Misr Insurance Holding Company, Misr Life Insurance, Misr Insurance, the National Bank of Egypt (NBE), Banque Misr, and Misr Financial Investment Company signed an agreement recently to establish Misr Takaful Insurance Company – Hayat with a capital of EGP150 million. Misr Insurance Holding and its subsidiary companies contribute 52 percent...
