SAP: Middle East insurers adopt digital strategies to boost outreach to millennials
Insurers are in agreement that the growing customer base of millennials — generally considered those born between the early 1980s…
Insurance
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Takaful chairman steps down
The Chairman of Islamic insurer Abu Dhabi National Takaful Co. (Takaful) resigned on Tuesday, according to a statement on the…
Union National Bank signs Bancassurance Partnership with Orient Insurance PJSC
This marks the partnership of two leading brands in Banking and Life Insurance to provide world-class savings, protection plans and…
BTG Teams Up With Abu Dhabi Fund for Ariel Re Acquisition
Grupo BTG Pactual, Brazil’s only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand…
Saudi Solidarity Takaful Company decides to take the automation of its operations to another level with ESKADENIA Software.
After going through a long phase of software evaluations, Saudi Solidarity Takaful Company choses ESKADENIA Software , the region's leading…
Majority shareholders selling out of Watania
The statement to the ADX did not elaborate on the size of the stakes being sold or on the names…
EFU Insurance to open Takaful windows
In a note dated 11 July, EFU General Insurance said that its Board of Directors had unanimously decided to open…
Qatar Central Bank introduces mechanism to insure deposits
The Qatar Central Bank recently introduced several new measures to strengthen the regulations governing the banking and insurance sectors and…
BKIC net profit surges 30pc
Bahrain Kuwait Insurance Company (BKIC) yesterday announced that net profit for the first half of the current year increased by…
Watania agrees to sell stake to Gulf investors
The Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes…
UAE's RAK Bank says in talks to acquire RAK National Insurance
UAE-based National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a…
Takaful: Specific regulations to improve insurance penetration
Takaful is experiencing rapid growth in the GCC and some regulators have recently responded by proposing a host of new…