UAE introduces third-party protection from floods and storms for motorists
insurance policy
Latest in insurance policy
insurance policy
Poor understanding amongst UAE customers when choosing insurance products: Survey
Policybazaar’s survey showed a staggering 68% of participants are yet to invest in any form of life insurance in the country
Bajaj Allianz Life
Indian insurer Bajaj Allianz Life opens first GCC office in Dubai
The representative office will focus on offering enhanced services to its customers based in the Middle East
insurance coverage
Kuwait reverses decision to increase vehicle insurance by 80%: Report
Last week, Kuwait approved the decision to raise annual insurance for private vehicles, and privately-owned vehicles
insurance coverage
Kuwait increases vehicle insurance by 80%: Report
From April 16, 2023, the mandatory insurance premium will increase to KD53, up from KD19 for some vehicles in Kuwait
Cigna
Saudi Arabia allows entry of a foreign health insurance company for first time
The country’s central bank announced granting license to Cigna Worldwide Insurance Company on Monday
insurance policy
UAE announces start date of pioneering Unemployment Insurance Scheme
The new insurance scheme, announced by the ministry of human resources and Emiratisation, will be opened to UAE nationals and residents
crypto assets
Crypto insurance firms face massive surge in requests following FTX collapse
Alongside, the crypto market is also witnessing increased inter-segment collaboration, with e-wallet players such as Liminal joining hands with blockchains such as Polygon, Tezos and Avalanche to support them with safe and secure asset custody solutions
insurance policy
UAE unemployment insurance now mandatory: How you can get AED20,000 a month explained
The UAE unemployment insurance scheme is now required for all employees. Here’s everything you need to know about the new programme
Abu Dhabi
Abu Dhabi-based Daman records 84% growth in profits in three years
Includes 14 percent increase in overall earned instalments compared to 2020; also managed an 18 percent reduction in operational expenses despite 80 percent increase in paid claims
basic salary
UAE Unemployment Insurance Scheme launches today: AED20k cover
Insured residents and locals will be compensated with a cash amount for a set period until new employment is found
cosmetic surgery
Health insurers in the Gulf face a dilemma of their own making
Correcting facial and body abnormalities due to birth defects, disease, accidents, or aging will undeniably have an immediate and long-term impact on patients’ health and personal life
CBUAE
UAE insurance sector improves performance in Jan-March with policies issued reaching 2.3 million
The total invested assets in the insurance sector also saw an increase of 5.4 percent during the quarter to AED 77.8 billion, compared to AED 73.8 billion in Q1 2021
airport baggage
Demand for travel insurance policies shoot up in UAE amid surging international travel
Increasing incidents of lost and missing luggage, on-going disruptions at airports in London, Europe leading to large-scale flight cancellations and delays among reasons driving up demand for travel insurance
Capital Gains Tax
UK inheritance tax net spreads to UAE properties: Have you planned ahead?
Few foreign investors are aware of the revised legislation, the impact on their residential property portfolio, and how to plan for it
insurance
How insurtech demystifies insurance by making it simpler, accessible, and easier to understand
“With insurtech, we’re typically trying to give more detailed data that helps the industry price the risk better. At the same time, it makes insurance, or the product, simpler for consumers,” says CEO of insurtech policybazaar
digital insurance platform
Abu Dhabi’s Mubadala invests in Berlin-based digital insurance company
Record $650m Series C funding round for wefox resulted in a post-money valuation of $3bn