Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, recorded a 35% leap in gross written premiums to $3.5bn in 2024 from $2.6bn in 2023, according to DIFC Authority COO Ms Alya Al Zarouni.
Sukoon Insurance (Sukoon) continues to exhibit above-average operating performance, despite the heavy floods that hit the UAE in 2024, according to S&P Global Ratings (S&P).
Further market consolidation is expected in the UAE insurance industry in 2025, says Fitch Ratings.
Dubai National Insurance (DNI), one of the leading insurance companies in the UAE, in collaboration with Nexus Insurance Brokers, has launched an innovative insurance solution 'Group Protection Plan', tailored for the blue-collar segment.
The National Health Insurance Company - Daman, a subsidiary of PureHealth, has started a nationwide initiative to enhance health insurance literacy and empower the public to make more informed choices about their healthcare coverage.
International speciality (re)insurance MGA, Rokstone DIFC, has appointed Mr Giles Hussey as senior executive officer, subject to regulatory approval.
Liva Insurance, a leading GCC insurance provider, and Relm Insurance, which is dedicated to emerging sectors, yesterday announced that they have secured UAE Central Bank approval for their dedicated multi-line insurance solution for Web3 businesses.
InsurTechs are reshaping the UAE insurance market by addressing critical gaps and driving innovation, according to eSanad Insurance CEO Anas Mistareehi.
Dubai-headquartered regional insurer Islamic Arab Insurance Company (Salama) has announced the appointment of Mr Mohamed Ali Bouabane as group CEO. The appointment is effective immediately as Salama continues to solidify its position as a leading provider of takaful insurance solutions.
AM Best has assessed Kay International AMEA's MGA operations (United Arab Emirates) as 'PA-3' (Strong) with a 'Stable' outlook.