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GCC tag returned 103 results

  • Bahrain: Trust Insurance Management launches new cyber products

    Trust Insurance Management (TIM) has announced the launch of new cyber products. The company has concluded a coverholder agreement to underwrite the cyber insurance products in cooperation with and utilising the experience, expertise and capacity of the Tarian Consortium 9633 (a pool of Lloyd's syndicates led by Beat Syndicate 4242).

    Middle East | 17 Jun 2019
  • GCC: Bancassurance holds huge potential, supported by regulation

    Regulators need to find a balance between regulatory oversight set against a developing insurance distribution market, says Dubai-headquartered law firm BSA Ahmad Bin Hezeem & Associates in its outline of regulations in the region covering bancassurance.

    Middle East | 30 May 2019
  • UAE: Leading takaful operator achieves 37% increase in combined net profit for 1Q2019

    Abu Dhabi National Takaful Company (ADNTC) has posted strong results for the first quarter of 2019, achieving a 37% increase in net profit amounting to AED36.7m (for policyholders & shareholders before qard hasan provision) compared to AED26.9m in the corresponding period of 2018.

    Middle East | 15 May 2019
  • Qatar: Pioneer Islamic bank launches takaful product for low-income workers

    Qatar Islamic Bank (QIB) has launched a new takaful product targeted at low-income workers as part of the bank's efforts in offering products and services tailored to the needs of the state's entire population.

    Middle East | 15 May 2019
  • Saudi Arabia: Local insurers among biggest fallers following tanker attacks

    Saudi stocks suffered their biggest single-day decline since last October on Monday following the tanker attacks off the coast of the UAE, according to media reports. Saudi Arabia's index declined 3.6%. Other Gulf markets were also in the red with Dubai index plunging 2.8% and Abu Dhabi index falling by 2.5%.

    Middle East | 15 May 2019
  • Oman: CMA launches health insurance diploma programme

    The Capital Market Authority (CMA) has launched its Health Insurance Diploma Programme as part of its ongoing efforts to empower Omani youth in the insurance sector with the necessary skills, abilities and knowledge in insurance and its products.

    Middle East | 14 May 2019
  • UAE: Insurance Authority supports protection for the energy sector

    The UAE Insurance Authority (IA) has signed an agreement with the 24th World Energy Congress to sponsor and exhibit at the event, aiming to educate attending energy stakeholders on their responsibilities and rights when buying insurance.

    Middle East | 13 May 2019
  • UAE: Vast majority of UAE residents fail to insure their homes

    Only one in 10 residents in the UAE has home insurance, leaving the vast majority of the population uninsured, said InsuranceMarket.ae.

    Middle East | 13 May 2019
  • Saudi Arabia: MedGulf inks multi-year deal with external shariah auditor

    The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has signed a multi-year agreement with Shariyah Review Bureau (SRB) for its shariah audit services as part of the company's shariah-compliant transformation strategy.

    Middle East | 12 May 2019
  • UAE: Most residents would seek professional help for mental health issues

    Most UAE residents would seek professional help if they or someone they knew were suffering from mental health problems. However, the proportion saying they would get expert assistance varies markedly depending on the type of mental health issue, said global market search and data company YouGov in its new study.

    Middle East | 09 May 2019