The War, Terrorism, and Political Violence (WTPV) market has entered a materially more complex phase, according to Marsh Re. Middle East losses are being discussed at north of $2bn against an annual gross premium base of approximately $2.5bn, making...
The Board of Directors of the Financial Regulatory Authority (FRA) has issued a decision to abolish the requirement that obligates insurance and reinsurance brokerage firms to open at least two branches within three years of launching operations as a licensing prerequisite.
Sukoon Takaful and Ajman Bank have signed a memorandum of understanding (MOU) to establish a strategic partnership aimed at providing the bank's customers with access to Sharia?h-compliant takaful solutions that address their protection and financial-planning needs.