Orient Insurance expands into Saudi Arabia
UAE's Orient Insurance has received approval from the Saudi Arabian Monetary Authority to open branches in the kingdom. Owned…
Insurance
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Dubai's health insurance industry booming after mandatory medical insurance
The introduction of mandatory medical insurance in Dubai has caused a boom in the number of insurance policies in the…
UAE's Orient Insurance gets green light for Saudi expansion
Orient Insurance has revealed plans to expand into Saudi Arabia. The subsidiary of Al Futtaim Group has received approval…
Bancassurance law boosts Saudi market
The introduction of new legislation on bancassurance will provide new opportunities for insurers to grow their business in Saudi Arabia,…
SAMA proposes the Draft Rules governing Bancassurance Activities for Public Consultation
As part of the Saudi Arabian Monetary Authority’s mission to enhance the transparency and the contribution of public, SAMA welcomes…
Saudi regulator fines SABB Takaful for late disclosure
The Saudi Capital Market Authority has imposed a SAR 40,000 fine on SABB Takaful as the insurance firm did not…
Swiss Re Corporate Taps Ex-Allianz Exec Willauer as Head Property & Specialty, EMEA
Swiss Re Corporate Solutions has appointed Bianca Willauer as head Property & Specialty Lines, Europe, Middle East and Africa (EMEA),…
AXA weighs options for its Middle Eastern operations
AXA Insurance is weighing options for its Middle Eastern operations including a potential sale, as the firm’s Chief Executive Officer…
Pacific Prime Dubai Receives Cigna’s Individual Broker of the Year 2019 Award
Pacific Prime had been awarded Individual Broker of the Year 2019. They received the award at the Cigna Partner…
Al Hilal Bank to sell Takaful to Siraj Holding
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank, ADCB, has agreed to sell Al Hilal Takaful, its…
Undergoing a digital transformation at AXA Gulf
Transformation. It’s a word that has become synonymous with the financial services industry in recent years. The influence of…
Saudi Arabia bans combined insurance and reinsurance businesses
Regulators in Saudi Arabia have enacted a ban on combining insurance and reinsurance brokerage activities in the same company. …