UAE's IA set to issue six-month delay on BOD-49 implementation
The United Arab Emirates Insurance Authority is to delay the implementation of its game-changing BOD-49 by six months, International Investment…
Insurance
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Coronavirus, low oil prices threaten GCC insurers’ earnings- S&P
The coronavirus pandemic and the oil price shock threaten earnings of GCC insurers, possibly leading to negative rating actions in…
VUMI makes Middle East push with Dubai office
International health insurance company VIP Universal Medical Insurance Group (VUMI) has expanded to Dubai. The new Dubai office will…
Critical illness cover will protect UAE expats hit by covid-19
As the coronavirus pandemic takes its toll all over the world, expats in the UAE will be relieved to know…
Salama Insurance achieves AED 55 million net profit in 2019
Islamic Arab Insurance Company has announced its audited financial results for the year ended 31 December 2019, reporting a net…
Misr Life Insurance accepts premium payments through electronic platforms
Misr Life Insurance Company, a subsidiary of Misr InsuranceHolding Company, has taken measures encouraging its customers to reduce cash transactions…
Oman Insurance considers bid for AXA's Middle East operations
Oman Insurance Company is mulling a bid for the Middle Eastern operations of French insurer AXA, Bloomberg has reported. …
Oman Insurance said to mull bid for Axa's Middle East ops
Oman Insurance Company is considering making a bid for the Middle Eastern operations of French insurer Axa, according to people…
Kenya Re targets Egypt with Sharia-compliant subsidiary
Kenya Re wants to establish a Shariah-compliant subsidiary in Egypt after converting into capital Ksh5.25 billion ($52.5 million) from its…
Central bank of Bahrain to verify compliance by insurers
The Central bank of Bahrain is planning to verify if insurance companies are in compliance with the unified claims settlement…
Life and critical illness claims surge in Middle East
The vast majority of the population in the Middle East considers themselves to be healthy, but the sum paid out…
Saudi regulator seeks to raise capital levels for insurers
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central…