More than OMR68 million was disbursed by the Public Authority of Social Investment (PASI) to cover insurance expenses, according to a Times of Oman report. PASI, which is a government arm that provides insurance coverage against ageing, disability, death, work-related injuries, and occupational diseases, registered a six percent rise in...
National Life and General Insurance Company (NLGIC) recently met with its channel and business partners. The management shared future strategies and their plans for 2018 with a overview of new products and services on the anvil. The event also saw the launch of an on-line insurance portal that simplifies insurance...
Berkshire Hathaway Specialty Insurance Company (BHSI) has announced that it has received its insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head...
Dental and gum treatment as well as one-time teeth cleaning during policy period will be covered in the new cooperative health insurance bylaws which will be implemented in July 2018, according to an announcement made by the Council of Cooperative Health Insurance (CCHI) recently. The new insurance bylaws also allow...
The Ra’s al-Khaimah National Insurance Company (RAK Insurance) has reported a net profit of AED32 million for 2017, compared to AED23.4 million in 2016, an increase of 36.6 percent. In a filing to the Abu Dhabi Securities Exchange, ADX, the company said that gross written premiums for 2017 increased by...
Union Insurance has entered into an agreement with DXC Technology to migrate its complete IT infrastructure and workloads to Amazon Web Services (AWS). DXC will work with Union Insurance to migrate its data center infrastructure and core business applications to AWS. This will provide Union Insurance with greater flexibility to...
Medical and SME lines of business as well as digital operationalisation on the cards, says head. National Life and General Insurance Company (NLGIC) recently met with its channel and business partners. The management shared future strategies and their plans for 2018 with a overview of new products and services on...
Health insurance firm Bupa has signed a strategic partnership with HealthTap to provide a combination of digital and in-person healthcare. Bupa and HealthTap hope the applications on offer through the partnership will enhance the speed, convenience and quality of care for Bupa customers. No financial details of the partnership were...
The Egyptian parliament approved recently a comprehensive EGP600 billion health insurance bill. According to press statements made by health minister Ahmed Emad Al-Din earlier in October, the Universal Health Care Act will be affordable for the average citizen and will be provided to each and every Egyptian. It will be...
Chaucer, the international specialty insurance group, has announced the opening of Chaucer MENA in the Dubai International Financial Centre to support Middle Eastern and North African business. The office will write a broad range of specialty insurance and treaty business through Syndicate 1084 at Lloyd’s. Fawzi Omari will lead Chaucer...
