The Dubai Health Authority’s (DHA’s) Health Insurance Corporation, which regulates the health insurance sector in Dubai, has launched the first-of-its-kind value-based healthcare model for the Emirate. The model known as EJADAH is a value-based model rather than volume-based healthcare. At the launch of the event, which was attended by all...
The insurance sector in the UAE continued to grow in the Q1 2022 as reflected by the increase in number of insurance policies, gross written premiums and increase in the number of licenced insurance-related entities, while the number of insurance companies Y-o-Y remained the same in Q1 2022 at 62,...
The Supervisory Authority of Insurance and Social Welfare (ACAPS) has granted six participative banks the approvals to present Takaful insurance products. The approvals concern the products of the companies that have been approved by the ACAPS at the beginning of 2022 to practice Takaful insurance operations. It should be noted...
Chedid Capital Holding has announced that its subsidiary Chedid Insurance Brokers-Egypt has been licensed to operate in Cairo. The license was granted by Egypt’s Financial Regulatory Authority (FRA) two months after the country’s approval of a unified insurance bill that includes specific and comprehensive rules to supervise and regulate the...
The Saudi Central Bank (SAMA) has announced the issuance of the standard insurance policy of professional indemnity for auditors of the entities supervised by the Capital Market Authority (CMA), with the cooperation of the CMA. The standard policy aims to set the minimum acceptable standard that must be met within...
Lord Abbett (Middle East) Limited, a leading asset manager has received approval from the DFSA to operate its first and only Middle East office within the Dubai International Financial Centre. Lord Abbett has more than 50 years of experience in multi-sector credit investment and depth of analytical credit research. The...
Forensic Risk Alliance (FRA), a forensic accounting, business analysis and eDiscovery consultancy specialising in international and complex investigations, compliance and disputes, has established its Middle East and Africa head office in Dubai International Financial Centre (DIFC). FRA specialises in compliance, risk mitigation, and corruption and fraud investigations and disputes for...
Policybazaar.ae has observed a significant rise in demand for travel insurance in FY21-22 in the UAE. The fintech company saw a 150 percent increase in sale of travel insurance policies where travelers bought more policies in the second quarter in comparison to the first quarter of 2022. The company saw...
Dubai National Insurance (DNI) recently received an appreciation award during the recent Dubai Hub Partners Meetingorganised by the World Logistics Passport (WLP) for their partners. The recognition, given during the Partners Appreciation Ceremony, commemorates DNI’s position as an exclusive and valuable partner for WLP in the organisation’s mission to strengthen...
Gallagher Re and Africa Re are joining forces to strengthen the financial resilience of African countries against a broad range of climate, crisis and disaster risks. Named ‘Accelerating action through scalable risk transfer schemes’, the initiative is offering a robust, replicable, and modular framework to address a wide range of...
