Executive president of the Capital Market Authority Sheikh Abdullah Salim Al Salmi recently issued the Unified Health Insurance Policy (UHIP), one of the main components of compulsory health insurance for the employees of the private sector, expatriates and visitors (Dhamani). He added that the implementation phases will be determined as...
Dr. Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority (SAMA), inaugurated the fifth Saudi Insurance Symposium recently in Riyadh. The event, organised under the theme “Protection and Sustainability” by the Insurance Companies General Committee, brought together senior sector officials and stakeholders from the Kingdom and abroad. During the opening session,...
The Abu Dhabi Department of Health has issued a mandate requiring health facilities in Abu Dhabi to issue medical bills to patients. Set to come into effect starting in May, the bill will detail the treatment provided, healthcare services received, including any patient cost sharing obligations (such as co-pay). Mohammed...
The Capital Market Authority (CMA) has inaugurated the Health Insurance Diploma Program, which includes 21 employees of insurance companies and government agencies associated with the implementation of the health insurance project. The program ends in January as part of CMA’s ongoing efforts to empower Omani youth in the insurance sector...
The Ministry of Commerce and Industry (MoCI) issued a decision mandating all insurance companies, insurance brokers, companies practicing real estate brokerage, real estate offices dealing with gold and precious metals and money exchange companies to appoint Kuwait auditors effective Jan 1, 2020 to fight money laundering. Al-Qabas daily had reported recently...
The DHA’s Dubai Health Insurance Corporation (DHIC) announced a directive to all insurance companies recently to ensure that there is no gap in health insurance coverage for newborns including premature babies. Prior to the issuance of this decree, some insurance companies had a waiting period of up to six-months to...
The General Secretariat of the Committees for Resolution of Insurance Disputes & Violations announced the launch of the reconciliation center for disputes that worth no more than SAR50,000 filed by individuals against insurance companies in accordance with regulators and controls. The committee clarified that the center has already started receiving...
Insurance firms in Egypt recorded a significant increase in their capital amounting to USD549.8 million, according to a statement by the Financial Regulatory Authority (FRA). A report marked the rise by 14.4 percent, compared to EGP8.3 billion generated in the previous year. The increase was attributed to the capital increase...
The Central Bank of Bahrain has granted a license to Cigna Life Insurance Company of Europe S.A. – N.V. (Cigna) to open a branch in Bahrain. The license allows the entity to expand its insurance products in the Kingdom of Bahrain. The proposed branch is expected to contribute in medical...
The Abu Dhabi Department of Health (DoH), has issued a mandate requiring health facilities in Abu Dhabi to issue medical bills to patients. Set to come into effect starting May 1, the bill will detail the treatment provided, healthcare services received, including any patient cost sharing obligations (such as co-pay)....
