Insurance

Hedge Funds & Alternative Investments

Moody's announces completion of a periodic review of ratings of Al Fujairah National Insurance Company P.S.C.

January 28, 2022

Moody's Investors Service has completed a periodic review of the ratings of Al Fujairah National Insurance Company P.S.C. and other…

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Insurance

Moody’s upgrades MedGulf’s IFSR to Ba1

January 27, 2022

Moody’s Investor Service has upgraded the insurance financial strength rating (IFSR) of the Mediterranean and Gulf Insurance and Reinsurance Company…

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Comment & Analysis

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

January 27, 2022

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend…

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FinTech

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

January 26, 2022

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend…

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Insurance

Dubai Insurance Leads Emiratisation Efforts bringing the company's Emiratization rate to 34%

January 13, 2022

In a tangible step that reflects a firm commitment to the government’s Emiratization efforts, Dubai Insurance Co. (DIN) – UAE’s…

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Hedge Funds & Alternative Investments

On career choices, next-gen UAE Nationals will not go only by work hours, says insurer

January 13, 2022

With the UAE’s government departments shifting to a 2.5-day weekend, the private sector will have some serious work to do…

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Insurance

Saudi Arabia's AlAhli Takaful, Arabian Shield merger now 'effective'

January 12, 2022

Saudi Arabian insurer AlAhli Takaful Company announced on Wednesday the effectiveness of its merger deal with Arabian Shield Cooperative Insurance…

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Insurance

Dubai unifies all government health insurance systems; announces new benefits

December 30, 2021

Dubai has unified all government health insurance systems under one umbrella called ‘Enaya’.   The move covers all government insurance…

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Hedge Funds & Alternative Investments

Saudi Central Bank approves Gulf Union Al Ahlia's capital raise to $122mln

December 30, 2021

The Saudi Central Bank (SAMA) has approved the capital increase of Gulf Union Al Ahlia Cooperative Insurance to SAR 458.9…

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Insurance

Egypt to launch first insurance policy for citizens living abroad

December 29, 2021

Egypt will launch the first-ever insurance policy for Egyptians working and residing abroad effective January 2022, Nabila Makram, the country’s…

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Hedge Funds & Alternative Investments

Saudi British Bank sells stake in Wataniya Insurance for $21.3mln

December 23, 2021

Saudi British Bank (SABB) has sold its entire stake in Wataniya Insurance Co. to Private Wealth Investment Holding Co. for…

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Hedge Funds & Alternative Investments

Saudi's Walaa secures $5mln insurance deal with STC

December 16, 2021

Saudi Arabia's Walaa Cooperative Insurance Co. on Wednesday signed an insurance policy with Saudi Telecom Company (STC) with a total…

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