Wednesday 12 December 2018
 
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Insurance

DMCA highlights Dubai's marine insurance industry

The Dubai Maritime City Authority (DMCA) highlighted Dubai's pioneering experience in the development of marine insurance policies in its bid to raise its global competitiveness at the recently concluded Dubai Marine Insurance Conference.

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Tawuniya insures Saudia Airlines fleet

The Company for Cooperative Insurance (Tawuniya) has entered into a contract with Saudia Airlines to provide insurance coverage for its aircraft fleet and its affiliated airlines.  According to the contract, Tawuniya will pro

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Healthcare ‘could cost $120,000 for uninsured in UAE’

Uninsured residents of the UAE could pay as much as Dh440,000 ($120,000) for breast cancer treatment out of their own pocket, should they not be covered, said an industry expert.   “Chemotherapy is extremely expensive an

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IGI reports H1 net profit at $11m

International General Insurance Holdings Limited has reported a net profit of $11 million for the first six months of 2018, against $14.8 million last year. International General Insurance Holdings Limited has reported a net profi

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Solidarity Bahrain posts BD1.16 m net profit

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has announced a net profit of BD1.16 million ($3.07 million) for the six month period ended June 30, 2018, compared to BD89

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GCC catastrophe ‘could call for huge recapitalisation’

A single large catastrophe event with the same severity as the Super Cyclone Gonu in 2007 across the GCC would have resulted in an estimated third of all companies requiring recapitalisation, said an industry expert. “Had Go

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DHA includes free Hepatitis C treatment in insurance

Dubai Health Authority (DHA) has announced the inclusion of free screening and treatment for Hepatitis C under the basic benefit plan of the Dubai Mandatory Health Insurance Scheme. Hepatitis C is a liver disease caused by the hep

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UAE agrees new innovation strategy in insurance

The UAE’s Minister of Economy has approved a strategy that aims to create the future leaders of the insurance sector and promote the country’s stature as a global insurance centre in terms of innovation, as well as attract relevant i

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More UAE residents travelling without insurance - survey

Despite over 73 per cent of UAE residents travelling to a different country at least twice a year, the majority fails to take out travel insurance ahead of trips, a survey conducted by yallacompare, the Middle East’s leading comparison sit

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UAE unveils new visa rules, plans for foreign workers

The UAE’s Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a number of strategic decisions with regards to foreign workers’ insurance in the priva

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