WeInvest, a Singapore-based digital wealth services and robo-advisory firm, is expanding into the United Arab Emirates (UAE) to serve the Middle East market. A company spokesman told The Business Times that the region is seeing a digital revolution across industries and presents great opportunities for digital wealth providers. He said:...
Abu Dhabi National Insurance Company (ADNIC) has announced it will utilise Al Etihad Credit Bureau (AECB) products. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, AECB regularly collects credit information from financial and non-financial institutions in the UAE. This information is used to produce Credit Reports...
The Lebanese Credit Insurer (LCI) has launched Tajer, a credit insurance policy for Small and Medium-sized Enterprises (SMEs) operating across the MENA region, providing cover for their trade receivables. Utilising LCI’s expansive market intelligence, including the active monitoring of 16,000 companies focusing on their payment behaviors, TAJER will aid SMEs...
Dubai-based startup venture BankOnUs is aimed at simplifying the complex and confusing world of banking and insurance. The venture was floated by Kirtan Desai, co-founder, BankOnUs and Dhruba Jyoti Sengupta, co-founder, BankOnUs and Capstone Insurance a little over five months back and now delivers product comparisons for credit cards, personal...
Saudi Re Cooperative Reinsurance Company (Saudi Re), the leading reinsurance company in the MENA region, is reinforcing its brand presence in Egypt ahead of the next year’s busy reinsurance renewal season. Fahad Al-Hesni, managing director and chief executive officer of Saudi Reinsurance Company, commented: “Saudi Re has a wide presence...
The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the National Policy for Senior Emiratis to reflect the directions of President HH Sheikh Khalifa bin Zayed Al Nahyan, to cater for all segments of the UAE society and...
The National Health Insurance Company, Daman, has announced that members can now check and track medical pre-approval requests for the first time immediately after updating the Daman or Thiqa mobile applications to their latest versions. The new feature provides Daman and Thiqa members with the latest status of their medical...
The Kuwait health insurance industry is set to follow its global counterparts. The compulsory health insurance for expatriates will move from the Ministry of Health to Daman, in order to facilitate development of the state, according Ahmad Al Saleh, Board member and CEO of Health Insurance Hospitals. Speaking to Al-Rai...
Alizz Islamic Bank has signed a memorandum of understanding (MoU) with Takaful Oman, to launch Sharia’ah-compliant insurance products for the bank’s customers. The agreement was signed by Salaam bin Said al Shaksy, CEO of Alizz Islamic Bank and Sayyida Rawan Ahmed al Said, CEO of Takaful Oman, a press release...
The Capital Market Authority (CMA) recently launched a new electronic complaint system to serve insurance companies’ customers. The new system aims to transfer all complaint-related dealings to insurance companies electronically. The application will enable insurance policyholders to follow-up the movement of their complaints between related parties inside the CMA departments...
