The Ramadan period presents specific challenges to road users for a number of reasons including increased traffic, according to an analysis of motor insurance claims data by Japanese general insurance giant Tokio Marine, presented in collaboration with RoadSafetyUAE.
Sanadak, the Ombudsman Unit catering to customers of financial institutions and licensed insurers, has started operations, in line with the UAE leadership's directive to enhance government services, and in accordance with the regulations set by the Central Bank of the UAE.
Sukoon Insurance Company has announced that it has obtained the necessary approvals from the regulatory authorities to submit an offer to the remaining shareholders of Arabian Scandinavian Insurance Company - Takaful (ASCANA).
Marsh staff are mourning the passing of their colleague, Ronny Vellekoop.
Based on 2023 IFRS17 preliminary results, Abu Dhabi National Takaful Company (ADNTC) reported a return on equity of 22%, a significant improvement from 4% in 2022, says Fitch Ratings.
The UAE is bound to remain the largest life insurance market in the GCC with its life insurance GWP projected to contribute approximately 73.4% of the total life GWP in the GCC by 2028, according to a report by Alpen Capital.
Islamic Arab Insurance Company (Salama) has announced a net loss of AED43.45m ($11.83m) for the year 2023, as its results slipped into red ink compared to a net profit of AED35.44m in 2022.
Dubai International Financial Centre (DIFC), the leading global financial centre for the Middle East, Africa and South Asia (MEASA), has announced a series of finance events and activities spanning 20 days, in celebration of the Centre's 20th anniversary.
Union Insurance Company has appointed Mr Ramez Zaid as CEO to drive the company's strategic growth.
Gross written premiums (GWP) in the UAE motor insurance sector are set to increase on the back of increased vehicle sales in 2023 with underwriting profitability improving, as premium rates return to pre-pandemic normalised levels, Fitch Ratings said in a new report.