National Health Insurance Company – Daman has launched a new service that allows private sponsors to renew the health insurance policies of family members and domestic staff online. The service is a significant upgrade over the previous iteration, launched in 2016, which limited renewals to sponsored employees in eight professions,...
Specialist run-off acquirer and manager, AXA Liabilities Managers (AXA LM), has announced that it has entered into an agreement to acquire a majority stake in Emirates Re. Emirates Re, once the largest independent international Islamic reinsurer handling Retakaful business, operates from the Dubai International Financial Center (DIFC). Gross reserves total...
Bahrainis could be subject to a minimum wage system as part of the pension reform. It would be equivalent to the minimum pension, plus 50 per cent. The idea was discussed during talks between the National Assembly and government representatives, states a report in the Gulf News Daily. “Any agreement...
The Dubai Health Authority, DHA, has announced the inclusion of free screening and treatment for Hepatitis C under the basic benefit plan of the Dubai Mandatory Health Insurance Scheme. Hepatitis C is a liver disease caused by the hepatitis C virus, HVC. According to the World Health Organisation, WHO, approximately...
Zurich International Life Ltd (Zurich) today announces increased non-medical limits for life cover and Family Income Benefit on all protection products. This is the highest non-medical limit in the Middle East. Age Old limit (in USD) New limit (in USD) To 45 500,000 750,000 46-55 350,000 500,000 “As part of...
Doha Insurance Group (DIG) is pleased to announce that it has obtained final approval from Qatar Central Bank to establish a representative office in Beirut, Lebanon under the name of “Mena Re Life” to extend the Group’s reinsurance reach in the international arena. This step comes as part of DIG’s...
Bupa Arabia has launched a new e-commerce platform that answers to the needs of small enterprises and Saudi families by allowing them to procure a health insurance product anytime, anywhere and within minutes of starting the purchasing process. Tal Nazer, CEO of Bupa Arabia, said: “E-commerce is yet another example...
The Abu Dhabi Investment Authority (ADIA) has agreed to buy a 21.4 percent stake in Pension Insurance Corporation (PIC), a GBP25 billion UK insurance group, which acquires closed company pension funds. ADIA has bought the stake from the private equity group JC Flowers, which was one of the founding investors...
Sultan bin Saeed Al Mansouri, minister of Economy and chairman of the Insurance Authority, has approved the “Innovation Strategy in the Insurance Sector for 2018 – 2021.” He approved the strategy on the sidelines of the “3rd Innovation Lab in the Insurance Sector,” which was organised by the Insurance Authority...
The Lebanese Credit Insurer (LCI) and SACE have signed a cooperation agreement, to enhance trade opportunities between Lebanon and Italy by supporting SMEs. The expertise and know-how of both entities will be extended to SMEs, along with training programs and technical assistance offered to financial institutions and commercial banks, as...
