May 2, 2024
LN BUTTON

Middle East Views

Middle East Views

CII: Exams can be taken at home

The Chartered Insurance Institute (CII) is partnering with a US-based online exam invigilation company to launch a new initiative to allow professionals to take exams from any location with a secure internet connection; even from the comfort of their own home. Those studying with the CII will now be able...

Health insurance system closer to reality

The emirate of Sharjah, UAE is one step closer to seeing fruition after the Sharjah Executive Council recently adopted recommendations by the Sharjah Health Authority. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, recently chaired a meeting...

deVere acquires UAE-based Prosperity

deVere Group founder and CEO, Nigel Green, recently announced the acquisition of Prosperity, an independent financial advisory organisation based in the UAE. Prosperity will remain an independent brand and continue to be run on a day-to-day basis by its chief executive, Andy Cole, who set up the firm in 2009. Green...

IA imposes administrative fines

The Insurance Authority (IA) has issued a list of 204 violations that are liable for administrative fines payable by any person, company or insurance related professions in case of committing the transgression. The regulator has published in recently published Cabinet Resolution no. (7) of 2019 a list of violations and...

EC3 Brokers enter MEA region

EC3 Brokers is targeting growth in the Middle East and Africa with the launch of a new division, called EC3 Brokers MEA, which is to be led by senior executive officer Steve Hart. This new venture, based in the Dubai International Finance Centre, expands EC3 Brokers’ existing operations in London...

Bahrain RERA: Insurance bond on escrow accounts

Shaikh Salman Bin Abdulla Al-Khalifa, president of the Survey and Land Registration Bureau and chairman of the Board of the Real Estate Regulatory Authority (RERA), launched an Insurance Bond on escrow accounts for real estate projects. Speaking at the event, he said, “The provision of this new  Insurance Bond on...

AXA Egypt joins MAXIS GBN

AXA Egypt has joined as a member of MAXIS Global Benefits Network (MAXIS GBN), a network of 140 local insurers alongside Metropolitan Life Insurance (MetLife) Egypt. The development will make AXA Egypt the second MAXIS partner in the country. MAXIS GBN is an international employee benefits network co-founded by MetLife...

FRA: GWP rises by 23.3%

Chairperson of the Financial Regulatory Authority (FRA) Mohamed Omran has declared that the value of the total insurance premiums at the end of June 2018 increased by 23.3 percent, reaching EGP29.5 billion, compared to EGP23.9 billion in the same period in the previous year. He added that the investments of...

Dubai Health Forum: Latest insurance updates discussed

Supreme Health Council president Lieutenant General Dr. Shaikh Mohammed bin Abdulla Al Khalifa gave an overview of the Bahrain national insurance programme at the auspices of the Dubai Health Forum. The two-day event was held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and...

CMA launches whistleblowing window

The Capital Market Authority recently launched a whistleblowing window at its website. The move aims to upgrade the capital market and insurance sectors and protect the participants from unfair and unsound practices. The window is set to be an easy and swift channel of communication between CMA and all participants...

Previous Issue