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MENA tag returned 95 results

  • Africa: Santam to take full control of engineering underwriter

    Santam, South Africa's largest non-life insurer, is increasing its stake in Mirabilis Engineering Underwriting Managers by acquiring the remaining 45% stake in the latter that it did not already own.

    Middle East | 06 May 2021
  • MENA: Heatwaves of up to 56 degrees C predicted without climate action

    The COVID-19 pandemic must be treated as a wake-up call for urgent, coordinated climate action, ensuring recovery is used as a chance to build back better, says the Nicosia-based research organisation The Cyprus Institute.

    Middle East | 02 May 2021
  • MENA: MIG and Gallagher form strategic partnership

    MIG Holding (MIG Group), a leading regional insurance investment group, and Gallagher, one of the world's largest insurance broking and risk management firms, have agreed on a strategic partnership which will see them jointly develop their presence in the MENA region.

    Middle East | 20 Apr 2021
  • MENA: Complete digital transformation of insurance sector seen as unlikely at present

    A complete digital transformation of the insurance sector is unlikely at present, even though the COVID-19 pandemic has accelerated digitalisation in the sector.

    Middle East | 06 Apr 2021
  • Africa: Reinsurer retains stable outlook amidst pandemic

    S&P has affirmed the African Reinsurance Corporation (Africa Re) financial strength rating at A- (Strong), with a stable outlook, citing that the reinsurer has sufficient capital buffer to absorb potential deterioration in its asset credit quality and it also has limited exposure to COVID-19-related classes of business.

    Middle East | 26 Aug 2020
  • UAE: CII signs exclusive agreement with KSA Financial Academy

    The Chartered Insurance Institute (CII) has announced that it will be the exclusive provider of professional examinations for students of the Financial Academy for the Kingdom of Saudi Arabia for the next three years.

    Middle East | 25 Aug 2020
  • MENA: High risk levels could pose a challenge for insurers

    AM Best has released its 2020 Country Risk Assessment Reports, providing economic, political and financial system risk assessments on 137 countries.

    Middle East | 24 Aug 2020
  • Jordan: Pharmacists association warns of dental insurance fraud

    The Jordan Pharmacists Association (JPA) has warned that 'dental insurance cards' issued by some insurance companies violate the association's law and are not licensed by any legitimate authority, reported The Jordan Times.

    Middle East | 24 Aug 2020
  • Morocco: Social welfare authority to reimburse COVID-19 medical costs

    The National Fund for Social Welfare Organizations (CNOPS) will reimburse the costs of medical services linked to COVID-19 for the benefit of its insured members, following a decision by the Minister of Economy, Finance and Administration Reform, in consultation with the Supervisory Authority of Insurance and Social Welfare (ACAPS).

    Middle East | 23 Aug 2020
  • Saudi Arabia: Health insurer narrows 1H2020 loss

    Saudi Enaya Cooperative Insurance Co has recorded a net loss before zakat of SAR12m for 1H2020, compared to SAR45.3m in 1H2019, narrowing the loss by 73.5%.

    Middle East | 23 Aug 2020