The COVID-19 crisis has ensured that the provision of comprehensive health benefits for employees will become a top priority for UAE organisations in 2021, according to new research from Aetna International.
Senior executives and directors of insurance brokerage firms expect a 10% decline in the average motor insurance premium rate during the current year, compared to last year.
The Insurance Authority (IA) has exempted reinsurance providers from rating requirements for a period of one year to ease the pressure on capacity, especially with the COVID-19 pandemic causing more stress.
Islamic Arab Insurance Company (Salama), the UAE's largest Shariah-compliant insurer, has appointed Mr Fahim Al Shehhi as the company's new CEO with effect from 13 January 2021.
Mr Jack Jenner has joined Orient Insurance Group as COO, according to an announcement by group president Mr Omer Elamin.
The Emirates Insurance Association and officials in the sector expect that the profits of insurance companies would have grown by between 10% and 12% in 2020.
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with ECGC , the premier export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India.
The UK-based Chartered Insurance Institute (CII) has welcomed the UAE Insurance Authority's publishing of a draft regulation consolidating rules on insurance broking and online broking transactions, highlighting how the measures will make a significant contribution to raising professional standards and instilling public trust and confidence in the sector.
The UAE Insurance Authority (IA) has said that drivers will be granted an additional discount of up to 10% on their motor premiums if they agreed to install telematics technology on their vehicles to monitor driving behaviour.
Government-owned budget airline flydubai will provide passengers with a new multi-risk travel insurance which will be automatically applied to all passengers purchasing a ticket from now.