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United Arab Emirates tag returned 962 results

  • MENA: Chaucer marks 5th anniversary of Dubai office

    Global specialty (re)insurance group Chaucer is celebrating the five-year anniversary of its Dubai office, which was established to help Chaucer deliver bespoke risk solutions and service expertise to clients in the Middle East and North Africa.

    Middle East | 25 Jan 2023
  • ICIEC signs landmark MoU to support renewable energy projects

    Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, signed a wide-ranging Memorandum of Understanding (MoU) with Abu Dhabi Future Energy Company (Masdar) last week.

    Middle East | 25 Jan 2023
  • UAE: Insurance industry engages fully in digitisation

    The insurance sector in the UAE is witnessing rapid changes in terms of digital transformation, benefiting from the high levels of corporate spending on technological solutions and the adoption of new technologies that have contributed to changing the features of the sector during the past two years, according to experts and officials in the sector.

    Middle East | 24 Jan 2023
  • UAE: Central Bank lists conditions under which auto insurers can grant discounts

    The Central Bank of the UAE (CBUAE) has identified three situations in which insurance companies are permitted to grant customers a discount on motor insurance premiums of up to 30%, provided that there are no traffic accidents caused by the insured that result in claims on insurers.

    Middle East | 18 Jan 2023
  • UAE: 3 leading local insurers in talks about game-changing merger -- report

    Three leading domestic insurance companies are reportedly in advanced talks to merge and form a giant corporation, which would become one of the largest insurance institutions in the UAE.

    Middle East | 17 Jan 2023
  • UAE: Bermuda-based insurer opens regional hub

    Bermuda-headquartered Mosaic Insurance has opened an office in Dubai as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market.

    Middle East | 15 Jan 2023
  • UAE: Indian InsurTech platform company partners local broker

    Indian InsurTech platform Turtlefin has entered into a partnership with Compass Insurance Brokers, one of the biggest financial solution providers in the UAE, to create a unified and seamless platform to enhance their distribution capabilities in the UAE market.

    Middle East | 12 Jan 2023
  • UAE: Central Bank issues new guidance on anti-money laundering for insurers

    The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for the insurance sector comprising insurance and re-insurance companies, agents and brokers.

    Middle East | 10 Jan 2023
  • UAE: Misr DIFC says its financial performance exceeded target in FY2022

    Misr DIFC, the regional reinsurance arm of Egypt's biggest general insurer Misr Insurance Company, has exceeded its financial target for the fiscal year ended 30 June 2022 (FY2022).

    Middle East | 09 Jan 2023
  • UAE: Sukoon signs deal to purchase majority stake in takaful company

    Sukoon (formerly known as Oman Insurance Company) has signed a share purchase agreement to acquire a majority stake (in excess of 93%) in Arabian Scandinavian Insurance Company - Takaful (Ascana Insurance).

    Middle East | 08 Jan 2023