The company founder explains the growing potential of Insurtech in the region and shares expansion plans to establish regional HQ in Saudi Arabia
insurance
Dubai
Dubai announces mandatory health insurance for visitors: Report
The Dubai Health Authority (DHA) is reportedly working to establish a “new mechanism” to ensure visitors have health insurance
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
CBUAE
UAE central bank cancels license of IRIS Health Services
IRIS Health Services is a third-party administration service company providing medical benefit and claims administration services
insurance
UAE workers urged to subscribe to unemployment insurance to avoid fines, begin eligibility period
Those not registered by the June deadline to face fines, delayed subscription will lead to delayed completion of the 12 month eligibility period
insurance
All UAE workers must sign up for unemployment insurance or face fines: Everything you need to know
The UAE’s new unemployment insurance is mandatory for every employee in the country but costs only a nominal fee
insurance
60,000 sign up for UAE unemployment insurance in 2 days
60,000 sign up for UAE unemployment insurance scheme in first 2 days
bilateral cooperation
Saudi-Swiss Financial Dialogue opens in Riyadh
The two sides signed a good will declaration document citing the enhancement of cooperation in a number of areas related to the financial sector, including banking services, financial technology, sustainable finance and insurance
Business Interruption Insurance
Setting up a business: 10 insurance policies a company must buy, according to experts
From property insurance to workmen’s compensation insurance to cyber protection covers, here is a list of insurance types to consider whilst setting up your business in the UAE
insurance
UAE announces mandatory unemployment insurance
UAE unemployment insurance will be mandatory for employees from January
Cars
UAE changes VAT, petrol prices surge, 3D printed villa, Saudi launches electric car brand: 10 things you missed this week
A rundown of ten top stories – from changes to UAE VAT laws, petrol price increases, Saudi launching an electric car brand and a 3D-printed villa – you might have missed this week on Arabian Business
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
insurance
Oman Insurance Company is now ‘Sukoon’
The company unveiled a new corporate logo on the Burj Khalifa on Thursday
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
bank guarantee
UAE outlines new resolution to safeguard employee rights in private sector
The insurance coverage will be worth AED20,000 whereas the bank guarantee of a year’s validity will be valued no less than AED3,000
Aon
British insurer Aon to launch ‘insurance academy’ for Saudis as demand grows
The British-American firm said it has increased its investment in the Middle East in recent years – particularly in Saudi Arabia, where it has seen most profitability