Monday 21 May 2018
 
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Insurance

InsureTech firm Aqeed.com set for launch

Aqeed.com, the first insuretech specialist in the region, is officially set for launch, after having raised a ground breaking $18 million from its corporate shareholders in a landmark Series A round of funding. Designed to offer c

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Lack of financial safety net ‘risky for expats’

The lack of any financial safety net can leave expatriates at risk of financial disaster in the event of a serious injury or death, which could leave themselves facing the legal issues that surround un-payable debts, said an industry expert.

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Dubai advances with health insurance-visa linking

The Dubai Health Authority has completed the second phase of electronically linking the Dubai Health Insurance with visa applications. This is a result of a partnership between the Dubai Health Authority and the General Doctorate

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QIC posts premium growth of 18pc to $3.2bn in 2017

Qatar Insurance Group (QIC Group), a leading insurer in Mena, recorded gross written premiums (GWP) of QR11.7 billion ($3.2 billion) in 2017, an increase of 18 per cent compared with 2016. QIC Group generated a net underwriting re

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Qatar Re buys Markerstudy insurance firms

Qatar Reinsurance Company (Qatar Re), the reinsurance subsidiary of QIC Group has signed an agreement to buy Markerstudy’s Gibraltar-based insurance companies, namely Markerstudy Insurance Company, Zenith Insurance, St Julians Insurance Co

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Takaful Emarat to acquire Al Hilal Bank unit

Takaful Emarat, a leading Sharia-compliant insurance firm, has agreed to acquire Al Hilal Takaful from Al Hilal Bank in an all cash transaction that will create the largest takaful group in the UAE based on 2016 gross written contributions.

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New insurance for shipowners launched

The Hong Kong China War Risk Syndicate (HKCWRS), a new marine insurance facility, was launched today (November 20) with the aim of protecting Chinese and Asian ship owners from the risks of war and related perils such as piracy. T

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Sports car drivers in UAE ‘could be under-insured’

Drivers of sports cars in the UAE may be under-insured – in some cases drastically – according to an analysis from yallacompare, a leading comparison site in the Middle East. Using data from policies sold through its c

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Adnic 9-month profit up 24pc to $47.5m

Abu Dhabi National Insurance Company (Adnic), a top multi-line insurance provider, has posted a net profit of Dh178.5 million ($47.5 million) for the first nine months of the year, an increase of 24 per cent over the same period last year.

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Adnic International enters UK market

Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has announced today its expansion into the UK market with the opening of a representative office in London

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