The National Health Insurance Company (Daman) will begin replacing cash payments with the e-Dirham service across all its branches and service points from January 2018. The move comes after six months of thorough testing and is part of Daman’s efforts to digitalise services and simplify customer transactions, making their experiences...
The FINACTU Group has once again been selected by the Morocco government to work towards the development of agricultural insurance. Following an international call for tenders, the organisation has just been selected to support the ministries of agriculture, maritime fisheries, rural development and water & forests in setting up and...
Acting minister of Health Dr. Jamal Al-Harbi has confirmed that expatriates will not be imposed with new health fees according to a report in the Al-Jarida daily. The minister pointed out, the health fees have already been introduced at the health centers, hospitals, outpatient clinics, laboratories and others and there...
Members of the Federal National Council on Tuesday passed changes to Law No. 6 of 1997 on the Insurance Authority. The changes were introduced in the insurance dispute resolution system to save time, effort and money involved and reduce the backlog of cases in courts. The new rules, empowers the...
The Turkish Natural Catastrophe Insurance Pool (TCIP) will set up a nuclear insurance pool to offer EUR700 million of protection for each of the country’s first nuclear power plants, soon to be built in Akkuyu and Sinop, according to Berat AlBayrak, minister of Energy and Natural Resources, reports Hurriyet. The...
The Board of Directors of the UAE Insurance Authority has issued two resolutions. The first resolution relates to amending the Vehicle Insurance Price Definition System No. 30 of 2016, while the second is on amending certain provisions of the Unification System of Vehicles Insurance Documents No. 25 of 2016. The...
The UAE Insurance Authority has issued a Work Guide for internal controllers at insurance brokerage companies. In the document, the Authority has defined the role of the internal controller and listed out the various functions and responsibilities, along with a thrust on the independent nature of this role. The Guide...
Peter Hodgins, partner at Clyde & Co has stated that in January 2018, the United Arab Emirates (UAE) will be the first country to fully implement a model based on Solvency II, when the final phase of the Insurance Authority’s Financial Regulations come into effect. Although risk-based capital models have...
The QIC Group has announced today that its Bermuda based reinsurance subsidiary, Qatar Re – has been authorised by Qatar Central Bank and the, UK regulator, Prudential Regulation Authority to carry out certain regulated activities in the UK from its branch office in London. Khalifa Al Subaey, QIC group president...
Takaful Emarat has agreed to acquire Al Hilal Takaful from Al Hilal Bank in an all cash transaction that will create the largest takaful group in the UAE, based on 2016 gross written contributions. The deal enables the combined group to offer comprehensive takaful products and services throughout the UAE...
