Malakut, a multinational insurance and reinsurance broker, has appointed Mr Sajith Kumar as Chief Commercial Officer, Middle East, based at the company's Dubai headquarters.
The UAE's insurance market is expected to maintain double-digit growth in 2026, driven by the country's economic growth coupled with a rising expatriate population.
Dubai National Insurance (DNI), has appointed Mr Charbel Yazbeck, as Acting CEO in a leadership transition, following the resignation of Mr AR Srinivasan from his position as CEO due to personal reasons.
The UAE insurance sector is seeing a period of strength and growth, supported by increased premium volumes, improved profitability, higher investment returns, and a healthy competitive environment. Industry trends include regional expansion and digital transformation.
The Central Bank of the United Arab Emirates (CBUAE) and the Dubai Public Prosecution (DPP) have announced the launch of an innovative electronic system dedicated to streamlining the settlement of blood money claims.
Health and motor insurance lines of business are expected to drive growth in the UAE insurance market in 2026, according to Sukoon Insurance, which is among the biggest insurers in the country.
Al Wathba Insurance (AWNIC) marks a pivotal moment in its growth journey with the finalisation of a key strategic investment in London Bridge 2 PCC, Cell 27.
High net worth insurance solutions provider Sun Life has received the green light from the Dubai Financial Services Authority to begin operations in the Dubai International Financial Centre (DIFC).
BMS Group has announced the launch of BMS (DIFC), having secured the necessary licence and regulatory approval.
The UAE government has issued a new Federal Decree-Law amending key provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, providing clearer mechanisms for calculating and settling corporate tax obligations.