Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2014

Country Profile


Poised for a shake-up

The UAE insurance market, leading the GCC with US$8 billion in premiums in 2013, might see major changes when new regulations aimed at ensuring solvency come into effect by year-end.


Interview with the regulator: Strengthening the bases

With the Insurance Authority (IA) ramping up its role to actively regulate the market, UAE insurers can expect more regulations essentially aimed at establishing the business on sound legal, technical, and supervisory foundations. HE Ebrahim Obaid Al Zaabi, Director General of the IA, elaborates.

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Oman Insurance Company: Diversifying beyond the UAE

Following its venture into Turkey, Oman and Qatar, Oman Insurance Company (OIC) is now looking to establish itself in the Saudi market, reveals CEO Patrick Choffel. By Wong Mei-Hwen

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National General Insurance : Looking to better times ahead

National General Insurance (NGi) has been affected by severe competition but CEO Dr Abdul Zahra A Ali is optimistic that a new five-year plan will help it regain the growth momentum. Wong Mei-Hwen

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Al Sagr National Insurance Co: Profitability is the priority

Al Sagr National Insurance Co (ASNIC) is focussing on increasing its profitability and sees ample growth opportunities in the UAE market despite its challenges, says Mr Ayman El Hout, Deputy CEO. By Osama Noor

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RAK Insurance on track to meet targets

RAK Insurance is looking for growth in its technical underwriting result and is on track to meet its 2014 targets, says CEO Andrew Smith. By Cynthia Ang

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Revamping SALAMA

Following a financially rough period which saw its parent company's ratings lowered, SALAMA is strengthening its UAE base with its strategy to become an active player in the market. Mr Sami Sharif, General Manager, General & Health Takaful and Assistant Group CEO explains. By Wong Mei-Hwen

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