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United Arab Emirates tag returned 652 results

  • UAE: Swiss Re and Democrance to help insurers digitise

    Swiss Re and Democrance, the Dubai-based InsurTech startup, have joined forces to empower regional insurance companies to automate and digitise their businesses with a focus on life insurance, while at the same time leveraging the project innovation capabilities developed by one of the largest reinsurers in the world.

    Middle East | 26 Nov 2020
  • UAE: Study reveals disparity in healthcare needs between remote and office-based staff

    Hybrid-working models are leading UAE businesses to reconsider the healthcare benefits they offer to employees, with special attention being paid to the differences in needs between office and stay-at-home workers, an Aetna International study has revealed.

    Middle East | 25 Nov 2020
  • UAE: Dubai National Insurance & Reinsurance shows strong underwrting performance

    Dubai National Insurance & Reinsurance (DNIR) has a track record of strong operating performance, as evidenced by a five-year (2015-2019) weighted average return on equity of 9.3%, notes AM Best.

    Middle East | 22 Nov 2020
  • UAE: Reinsurance terms to be tighter in Jan 2021

    Terms and condition of 2021 reinsurance agreements, which are currently being negotiated and drafted, will be more stringent, while premium rates will increase, insurance executives have confirmed.

    Middle East | 19 Nov 2020
  • UAE: Insurance sector sees stable premium growth in first 3 quarters

    As the UAE economy in general struggles to resume normal business post COVID-related restrictions that were in place during the second quarter of this year, the insurance industry managed to maintain a positive growth in the first nine months of about 4% in the topline.

    Middle East | 18 Nov 2020
  • UAE: Combined profit of 29 listed insurers jump by 20% in Jan-Sep period

    The combined profit generated for the first three quarters of this year by 29 listed insurance companies in the UAE amounted to AED1.6bn ($435.6m), an increase of 20% when compared with AED1.3bn for the corresponding period in 2019, according to an analysis by Badri Management Consultancy, a boutique actuarial consulting firm.

    Middle East | 18 Nov 2020
  • UAE: Global insurer launches omni-channel sales solution

    Zurich Middle East has launched ZurichPro, a platform that digitises the entire financial planning process, allowing the sale of insurance products online without face-to-face interaction.

    Middle East | 17 Nov 2020
  • UAE: Net profits of 23 listed insurers increase by 3.8% for first 3 quarters

    The net profits of 23 insurance companies listed on the financial markets in the UAE increased to about AED1.41bn ($384m) during the first nine months of 2020, with a growth rate of 3.8% compared to the profits they achieved in the corresponding period of 2019.

    Middle East | 17 Nov 2020
  • UAE: Etihad Credit Insurance expected to be profitable in next 3 years

    Etihad Credit Insurance (ECI) is expected to become profit-making in the next three years following its initial start-up phase, says Fitch Ratings.

    Middle East | 16 Nov 2020
  • UAE: SALAMA's net profit for first 9 months surges 392%

    Islamic Arab Insurance Company, listed as "SALAMA" on the Dubai bourse, has announced that its net profit for the first three quarters of this year surged to AED137.06m ($37.32m) from AED34.99m for the corresponding period last year. This represented an increase of 392% year-on-year.

    Middle East | 15 Nov 2020