The company has more than 4 decades of experience in medical insurance with numerous offerings catering to both individuals and corporates. The company’s innovative medical insurance provision services that include online and mobile applications, together with its strong technology partnerships have ensured its growth even in a slow market. The...
A number of provisions of the Federal Law No. (6) of 2007, or the Insurance Law in the UAE were recently amended. Among the significant developments is an expansion of the powers of the Insurance Authority (IA). Peter Hodgins, partner at Clyde and Co. analysed the new law. Pursuant to...
The Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted a number of strategic decisions with regards to foreign workers’ insurance in the private sector, as well as a legislative package of visa facilitations. A...
Bridge Insurance and Reinsurance Brokers WLL. (Bridge), Bahraini independent corporate insurance brokers and risk advisers, has announced the launch of its operation in the Kingdom of Bahrain, having obtained approval from the Central Bank of Bahrain (CBB). The company, which currently provides insurance brokerage and consultancy services, is in the...
Financial Regulatory Authority (FRA) chairman Mohamed Omran said the FRA has launched an electronic platform in cooperation with Insurance Federation of Egypt for the exchange of data and information of insurance companies. In a statement, Omran said to Egypt Today that the electronic platform is the first step in establishing...
The Mint Corporation has announced that its majority owned subsidiary Mint Middle East LLC has enhanced its team by adding a senior insurance professional to qualify and establish an insurance brokerage business. The team recently received preliminary approval from the regulatory authority to become a licensed insurance brokerage company in...
Under the theme “Omanisation based on Tamkeen in the Insurance Sector” the Human Resources Forum was held recently under the patronage of Abdullah Salim Al Salmi, executive president of the Capital Market Authority. The event was well attended by senior officials of CMA and insurance companies and other allied ancillaries....
Bahrain Middle East Bank has announced the signing of an agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, Jeddah, KSA, to consolidate its trade financing activities, with specific emphasis to GCC and MENA Countries. BMB signed...
The General Pension and Social Security Authority (GPSSA) has said the pensions law grants insured workers, including those who died or became totally disabled as a result of a work injury, 100 percent of their salary as a pension. This ruling assumes a disabled worker spent 35 years in service,...
The Ministry of Health is currently studying three proposals regarding the health insurance for expatriates as the State Audit Bureau (SAB) cancelled the latest bid due to the ministry’s violation of governmental bidding regulations, reports Al-Rai daily. Sources disclosed the proposals are as follows: float another tender, link with the...
