Volante Global, a multi-class, multi-territory international Managing General Agent (MGA) and Lloyd’s Syndicate, has announced the launch of Volante (DIFC) Ltd at Dubai International Financial Centre (DIFC). Volante (DIFC) Ltd has received a category four licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted...
Anoud Technologies (Anoud Tech) has deployed and integrated of its ADEPT platform as part of its collaboration with ACORD Solutions Group, the industry-owned extension of ACORD, the standards-setting body for the global insurance industry. ADEPT (ACORD Data Exchange Platform and Translator) provides real-time data exchange, translation, and transformation, and connects...
The Sixth Saudi Insurance Symposium has outlined the future of the local insurance sector in the august audience of 1200 senior officials. The eight panel discussions and deliberations during the two-day period focused on foreign investments, savings, the future of health insurance and the issues of digital transformation, and the...
Gulf International Services (GIS) and Doha Insurance Group (DIG) announced, in a joint press release that they intend to engage in initial negotiations on a potential all-share merger of Al-Koot Insurance and Reinsurance Company, a wholly owned subsidiary of GIS, with Doha Insurance Group. The potential merger would form a...
The Supervisory Authority of Insurance and Social Welfare (ACAPS) and the Capital Market Authority of Oman(CMA) recently co-hosted a seminar on climate risks bringing together MENA supervisors, the International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Sustainable Insurance Forum (SIF) to discuss the challenges...
The Arab Pensions and Social Insurance Conference was held recently under the title ‘Arab Pensions Outlook 2050 – Change and Opportunity’ to discuss challenges facing the pension systems in the Arab world and how to overcome them. Gamal Awad, chairman of Egypt’s National Authority for Social Insurance, said that the...
Indian life insurance company Tata AIA Life Insurance (Tata AIA), has announced the opening of its first representative office in Dubai, UAE. The representative office will help Tata AIA assess the needs of the Indian diaspora in the UAE. Currently the company services over 2.3 million consumers in India through...
The Ministry of Human Resources and Emiratisation (MoHRE) has announced that an unemployment insurance scheme for employees of the federal government and the private sector has come into force. The Decree-Law on Unemployment Insurance Scheme stipulates that the insured will be compensated with a cash amount for a specific period...
Oman Insurance has rebranded to Sukoon Insurance, reflecting its position in the market as an insurer of choice and one that gives peace of mind to customers and partners. Abdul Aziz Abdulla Al Ghurair, chairman of Sukoon launched the new brand entity in Dubai. Relating the story of the formation...
The Ministry of Climate Change and Environment (MoCCAE) hosted the Fifth National Dialogue for Climate Ambition (NDCA), dedicated to the insurance industry. Held under the theme ‘Building an effective insurance sector as part of climate adaptation and resilience management’, the event drew the participation of the Rt Hon. Vincent Keaveny,...
