Head of Central Insurance of Iran (CII) Gholamreza Soleymani has said that foreign companies have expressed their readiness to carry out reinsurance operations in Iran’s insurance industry. He was speaking at the Fifth Insurance and Risk Management Conference recently. Conveying the importance of risk management for insurance companies, he said...
Finance and Treasury minister Berat Albayrak has announced that a new insurance scheme has been devised to help small- and medium-sized companies (SMEs) that face difficulties collecting their receivables. “We will put in use the State Supported Receivables Insurance that is designed to cover SMEs’ losses in case they fail to collect receivables....
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with UK Export Finance (UKEF), the UK government’s export credit agency, to encourage greater confidence amongst traders and investors by enhancing the trade relations as well as boosting investment opportunities between the UK...
Tawuniya Insurance Company’s CEO Abdulaziz Hassan Al-Boug recently inaugurated the Tawyuniya Sales Academy in a ceremony attended by the company’s senior executives and sales managers. Established in collaboration with sales performance consultancy Miller Heiman Group, Tawuniya Sales Academy aims to enhance the effectiveness, performance and knowledge of the sales teams...
The Saudi Arabian Monetary Authority has issued new rules for the licensing and supervision of branches of foreign insurance and/or reinsurance companies in the country. The new rules are in line with the royal decree (3120/MB) which approves opening foreign insurance company branches in Saudi Arabia according to the provisions...
The Ministry of Commerce and Industry has said the Council of Ministers has finally approved the establishment of an independent body for the insurance sector, which will supervise the insurance of companies, its establishment and control procedures, a report by Al- Seyassahdaily has stated. Previously it was agreed during a...
AD Global Investors Limited (ADGI), a company of Invest AD (Abu Dhabi Investment Company), has been granted its licence to manage funds and assets by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). ADGI is a specialist active fixed income manager serving institutional investors. It offers separately...
The Dubai Government Workshop (DWG) recently signed a partnership agreement with Abu Dhabi National Insurance Company (ADNIC) to provide innovative motor fleet insurance for DGW. The two-year agreement was signed in the presence of Humaid Sultan Al Mutaiwee, CEO of DWG, and Ahmad Idris, Chief Executive Officer of ADNIC, as well...
AXA has been recognised as the no. 1 insurance brand for the tenth year in a row by consultancy firm Interbrand. To be included in the Best Global Brands, a brand must be truly global, having successfully transcended geographic and cultural boundaries. It will also have expanded across the established...
The UAE Insurance Authority has invited feedback for the draft regulation applying to all electronic insurance operations practiced by licensed insurance companies, brokers, agents and third party administrators. Before submitting an application to obtain the approval of the Insurance Authority to practice electronic insurance operations, companies will need to develop...
