Tuesday 23 May 2017
 
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Insurance

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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Critical illness cover ‘priority for UAE residents’

UAE residents are willing to spend more on protection against the financial impact of critical illness compared to the global average, according a report released today by insurer Zurich International Life, Middle East. In the UAE

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Critical illness cover ‘priority for UAE residents’

UAE residents are willing to spend more on protection against the financial impact of critical illness compared to the global average, according a report released today by insurer Zurich International Life, Middle East. In the UAE

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Adnic swings to strong profit

Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, reported a net profit of Dh205 million ($55.81 million) for 2016, a significant turnaround back into strong

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Risks linked to skyscraper construction in spotlight

Marsh, a global leader in insurance broking and risk management, explored the unique set of risks associated with construction and operation of tall buildings at a key summit in Dubai, UAE. Marsh 2017 Infrastructure Risk Managemen

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