Orient Insurance Company and Allianz Care, working with Allianz Care’s sister company NEXtCARE, have recently launched the LiveDoc Video Consultation service in Dubai. This service allows customers to speak to fully qualified UAE-based doctors from the comfort of their own home or office. LiveDoc is available to companies and private families who chose...
The second edition of the Dubai Marine Insurance Conference, held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, focused on offshore energy and risk management this year. The event was held as part of the UAE’s Maritime Week. A key discussion...
Kazakhstan plans to launch in January 2020 a new system of compulsory insurance after 10 years of planning. The system is meant to lower the cost of healthcare and expand the number of Kazakhs who have access to healthcare through compulsory contributions by citizens and businesses to the national healthcare...
Najm for Insurance Services and SAShave signed an agreement to counter and reduce fraud in automobile and motor insurance claims. “Insurance fraud is becoming increasingly advanced and sophisticated … This reality demands that insurers change their investigative methods proactively,” Abed Hamandi, SAS director for professional services and delivery in the Middle East and...
The CII recently organised the third ‘Dive In’ festival in Dubai in partnership with Lloyd’s, Kennedys and Marsh. This year the theme for the event was focused on unlocking talent and supporting colleagues at all stages of their career. “Inclusion is both the act of including and the state of...
The Sharjah Executive Council had the weekly meeting chaired by Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and chairman of the SEC at the Sharjah ruler’s office. Among a number of issues aired, the SEC issued Decision No (26) of 2019 amending...
South African insurer Sanlam Ltd may invest in Egypt in the next year, according to CEO Ian Kirk following interim results bolstered by its pan-African strategy. Reporting a 32 percent drop in profits primarily due to one-off costs including a black economic empowerment transaction and a ZAR200 million amortisation charge,...
UAE-based Orient Insurance recently said it has obtained the preliminary approval of the Saudi Arabian Monetary Agency (SAMA) to establish branches in the kingdom with a paid-up capital of AED300 million. The company will commence construction of the branches once it gets SAMA’s final approval to begin operations as soon as possible,...
Moody’s expects more insurance firms in KSA to get into run-off than consolidation efforts owing to lack of capitalization and weak underwriting results. Saudi Arabia’s primary insurers saw weaker profitability in the first half amid intense competition and there is increasing pressure for consolidation in the industry, Moody’s Investors Service...
The Moroccan government will soon approve the ‘Solidarity Tax against Disastrous Events’ draft decree, which will be part of the Solidarity Fund against Disaster Events. The decree outlines the introduction of a new tax of one percent on premiums and contributions paid under insurance contracts, with the exception of life...
