Friday 23 June 2017
 
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Insurance

Tawuniya rolls out insurance programme for SMEs

Saudi-based Company for Cooperative Insurance (Tawuniya), a joint stock company, has launched an insurance programme for small and medium enterprises (SMEs), with the aim of supporting the national economy. The programme, ‘3

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Tawuniya rolls out insurance programme for SMEs

Saudi-based Company for Cooperative Insurance (Tawuniya), a joint stock company, has launched an insurance programme for small and medium enterprises (SMEs), with the aim of supporting the national economy. The programme, ‘3

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Compareit4me secures $3.5m funding

Compareit4me.com, a leading comparison site in the Middle East, has raised $3.5 million from its existing investors, including STC Ventures, Wamda Capital, Dubai Silicon Oasis Authority and Saned Partners, in its latest phase of funding.

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Insurance Career Day opens in Riyadh

The Second Insurance Career Day will open today (May 240 at The Institute of Finance in Riyadh with a number of specialists and officials from the insurance sector attending. The two-day event, to be inaugurated by Dr Ahmed Abdulkarim A

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StanChart, Zurich sign UAE distribution deal

Standard Chartered Bank and global insurer Zurich Insurance Group have signed an exclusive strategic partnership by which Standard Chartered will offer Zurich’s comprehensive life insurance solutions to its customers in the UAE for the nex

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Saudi insurance sector ‘offers huge opportunities’

The Saudi insurance market has a huge opportunity to grow with the sector contributing only 1.5 per cent to the kingdom’s GDP last year, said Governor of the Saudi Arabian Monetary Authority (Sama). Inaugurating the 4th Saud

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DHA imposes hefty fines on 25 health facilities

The Dubai Health Authority (DHA) has imposed fines on 25 health centres, clinics, insurance brokers and insurance companies for violating the Dubai mandatory health Insurance law, while it has referred six clinics to prosecution for potential fr

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Saudi insurance firms to provide no-claim discounts

Insurance companies in Saudi Arabia are required to provide no-claim policyholders with a discount when pricing individual mandatory motor insurance policies as per Saudi Arabian Monetary Authority (Sama) instructions, a statement said.

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Insurance premiums set to grow in GCC: report

Gross premiums in the four largest GCC insurance markets will continue to increase in 2017 despite the the current economic slowdown in the region, which is the result of relatively low oil and gas prices, a report said. Credit co

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Is Blockchain the missing piece of the puzzle?

In the wake of immense digitization, insurers are no strangers to disruption. Even today, the effect of Catastrophe bonds on the reinsurance market is felt to have unexpected consequences on direct insurers. Constant innovation of

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