Travel insurance premiums in the UAE have risen by 12% to 18% year-on-year on average as summer -- the peak season for international travel -- approaches.
Rokstone DIFC has appointed Mr Giles Hussey as senior executive officer of Rokstone DIFC and Mr Kamil Mammadov as head of short tail lines.
There is growing recognition of the importance of financial security in the workplace in the GCC, with the average age of those with income protection falling to 41 from 51 over the last three years, according to Zurich International Life Insurance Middle East, a subsidiary of Zurich Insurance Group.
State-controlled PureHealth, the largest healthcare provider in the UAE, has strategically expanded its insurance arm, Daman, marking the latter's transformation from a health-focused entity into a comprehensive, multi-line insurer with entry into the high-growth Property and Casualty (P&C) segment.
Many UAE consumers are experiencing increased auto insurance costs, prompting adjustments to their financial strategies, according to the findings of a survey conducted by NIQ, a leading consumer intelligence company.
Etihad Credit Insurance (ECI) has recorded an insured turnover reaching AED16.2bn ($4.4bn) -- reflecting a 15.7% year-on-year increase and accounting for 2.85% of the UAE's total non-oil exports, the UAE federal export credit company said in its 2024 annual report released last week.
Fidelis MEASA, the Middle Eastern operation of The Fidelis Partnership (TFP) has delivered Gross Written Premiums (GWP) of $88m after one year of its establishment, serving the regional and international markets.
Abu Dhabi-headquartered digital life insurer HAYAH has entered into a strategic partnership with France's global multi-specialty insurance company APRIL.
National General Insurance Company (NGI) is expected to grow modestly over the short-to-medium term, through strategic partnerships and innovative product offerings, with a focus on achieving bottom-line profitability and maintaining a balanced underwriting portfolio.
Dubai Insurance Company (DIN), among the top five insurers in the UAE in terms of insurance revenue and net profit, has a track record of strong operating performance supported by robust underwriting results and steady investment income, says AM Best.