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United Arab Emirates tag returned 1119 results

  • UAE: Insurers raise disaster insurance premiums by up to 50%

    Some insurers in the UAE have increased premiums for losses arising from NAT Cat, while others are still considering adjustments in rates and will do so in the near future.

    Middle East | 21 May 2024
  • UAE: DIFC sees growing number of MGAs

    The number of Managing General Agents (MGAs) at the Dubai International Financial Centre (DIFC) has been increasing, according to Mr Arif Amiri, CEO of the DIFC Authority.

    Middle East | 20 May 2024
  • UAE: Dubai Insurance Co, a top 5 insurer, receives ratings boost

    AM Best has upgraded Dubai Insurance Company's (DIN) Financial Strength Rating to 'A' (Excellent) from 'A-' (Excellent) and the Long-Term Issuer Credit Rating to "a" (Excellent) from "a-" (Excellent) of Dubai Insurance Company (PSC) (DIN) (). The outlook of these credit ratings has been revised to 'Stable' from 'Positive"

    Middle East | 19 May 2024
  • UAE: Comprehensive insurance viewed as a lifeline by owners of flood-hit vehicles

    The UAE insurance industry sees rising demand for comprehensive motor insurance in the wake of severe floods in recent weeks that submerged or swept away vehicles.

    Middle East | 14 May 2024
  • UAE: Anoud Tech launches operations in the emirates

    Anoud Technologies (Anoud Tech), a global InsurTech group based in Qatar, launched its UAE branch last week as part of its strategy to become the IT platform provider of choice for the insurance industry in the MENA region and beyond.

    Middle East | 06 May 2024
  • UAE: Daman enters non-health insurance arena

    The National Health Insurance Company - Daman, part of PureHealth, the largest integrated healthcare platform in the Middle East, has launched its first non-health insurance product, The Daman Gratuity and Employee Benefits (GEB) Trust.

    Middle East | 02 May 2024
  • UAE: Insured losses from April floods could reach US$850m

    While preliminary estimated insured property losses arising from the floods in April in the UAE are likely to exceed US$650m, they could reach as high as $850m, with the most affected emirate being Dubai, says Guy Carpenter, a leading global risk and reinsurance specialist.

    Middle East | 01 May 2024
  • UAE: Global Association of InsurTech Professionals launched in Dubai

    The Global Association of InsurTech Professionals (GAIP) has been launched in Dubai, to bring under one umbrella international InsurTech personalities, innovators, technology providers, investors, senior dignitaries, government authorities, insurance industry regulators, and other key stakeholders.

    Middle East | 01 May 2024
  • UAE: Insurers willing to insure commercial property risks at the appropriate price

    Insurance companies are willing to insure industrial and commercial facilities that take risk mitigation measures, according to Minister of State for Financial Affairs Mohammed bin Hadi Al-Husseini.

    Middle East | 30 Apr 2024
  • UAE: Insurance sector in DIFC posts record-high premiums in 2023

    Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history of $2.6bn in 2023, increasing by 23% from $2.1bn in 2022.

    Middle East | 29 Apr 2024