The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals
In light of weather-related damage caused to property and vehicles, it is important to understand the tools available to claim insurance
Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE
New research sheds light on how to use insurance money to protect countries from the spiralling cost of storms, drought, and rising sea levels
Democrance helps insurers increase their digital sales and access new customer segments
The scheme provides a social safety net for citizens and residents while ensuring that they have a decent life until alternative employment arises
It is replaced it with a temporary committee of experts for six months
The guidelines will support licensed financial institutions effectively implement their statutory obligations related to anti-money laundering and combatting the financing of terrorism
The company has also extended its hiring freeze through Q1 of next year, with a small number of exceptions
The first half of the year saw Salama establishing new strategic tie-ups with banks in the UAE to provide omnichannel Takaful solutions to bank customers
ADNIC reported that gross written premiums increased by 20.9 per cent to Dhs3.23bn in H1 2022, compared to Dhs2.67bn for the same period in 2021
The total number of insurance policies issued increased year-on-year by 10.4 per cent in Q1 2022 to 2.3 million
The new proposition will enable information transparency and empower Mashreq’s customers to make an informed choice while buying insurance products
The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector
A year of transformation has affected both insurers and customers
It has become the first Chinese insurer to operate in the Dubai International Financial Centre
Saudi Arabia has been taking steps to merge and restructure various entities as it looks to boost efficiency
The travel insurance for all passengers has been indefinitely extended beyond March 31, 2021
The Suez Canal Authority temporarily suspended navigation in the canal on March 25
SAS Insurance Fraud Management to improve speed of claims settlement and fraud identification
Tasweya offers a platform for auto-reconciliation of statements of accounts
Travel insurance with Covid-19 cover is now mandatory for travel to many countries
Sehteq will have an additional investment of $3m to support its technology arm
Al Mehyas has been leading the company following a major reorganisation last year
Its gross premiums increased to Dhs1.87bn, up 7.7 per cent over the corresponding quarter from last year
Employers must ensure that they comply with the mandatory provisions of Health Insurance Law Number 11 of 2013