DWIC | MENA
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NewsDubai World Insurance Congress 2021: Building a ‘Hybrid’ event
Planning is now underway for the Dubai World Insurance Congress [DWIC] 2021. We are building a ‘Hybrid’ event for the future.
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News
UAE’s Oman Insurance records its best net income in 5 years, at Dh196.5m
For OIC, a focus on “risks having the right pricing” and “non-compromise” on cash collection paid off. Another gain was made on cost control, with general and admin expenses dropping Dh8 million to Dh282.8 million.
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QIC Group reports QR12.2bn gross written premiums in 2020
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020.
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Dubai Insurance Co. has numbers to back its return to growth
Its general insurance lines could see gains from an upcoming economy upturn
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Why UAE economy is positioned for strong post-COVID transformation?
The UAE economy poised for a fast recovery from the impact of COVID-19 and an overall transformation, according to the Institute International Finance.
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Pandemic’s second wave threatens to derail Dubai’s tourism surge
Dubai, one of the few destinations open to international travellers since July, has yet to impose the toughest restrictions after record daily infections in the UAE, in the hope that vaccinations will spare a repeat of last year’s lockdown.
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Central Bank of UAE begins procedures to execute Insurance Authority merger
Merger to transform Central Bank into one of the top 10 central banks globally
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Fitch: Saudi Insurance M&A Activity Increasing Despite Challenges
The changing regulatory landscape, the increased required minimum capital, and the fragmented market will further drive M A activity for Saudi Arabian insurance companies, says Fitch Ratings in a new report.
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More UAE employees want ‘comprehensive’ insurance cover for mental health
“COVID shifted the focus of the individual, and employers need to face up to that when designing their health benefits,” said David Healy, CEO EMEA at Aetna International.
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AM Best releases Country Risk Assessment Report on Iraq
The Country Risk Tier of CRT-5 for Iraq reflects a very high level of economic, political and financial system risk.
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Commission cuts are too hard to absorb for UAE’s insurance brokers
This might be good for the insured person and beneficiaries, but could force most brokers to go out of business.
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Qatar insurance sector stands to gain from tourism, realty boost: S&P
’The restoration of ties between Qatar and the four Arab countries previously boycotting the country will improve political and economic co-operation within the GCC region,” the credit rating agency said.
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GCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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Breakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.
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AMNM partners with AlKoot Insurance and Reinsurance
The partnership provides AlKoot’s members access to AMNM’s world-class, patient-centric healthcare services in Qatar.
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Etihad Credit Insurance certified as a Best Place to Work Company in UAE
ECI offers employee incentives such as health and family resources, promoting diversity programmes, and carrying out employee-wellness policies.
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Special Report: Riding the Cycle
This special report, in partnership with the Dubai International Financial Centre, includes the highlights a roundtable debate hosted virtually by Global Reinsurance in October 2020 and the results of research conducted during September 2020.
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AM Best places credit ratings of GIG under review with developing implications
The under review with developing implications status reflects AM Best’s uncertainty over the group’s post-acquisition risk-adjusted capitalisation, leverage and liquidity.
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Latest Issue
Global Reinsurance Annual Edition 2020
The 2020 renewal season has been a sombre affair on many fronts, not least because it has involved virtual negotiations in this new normal
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QIC Group appoints new CEO for Oman Qatar Insurance Company to drive forward strategic developments
This step comes in line with QIC Group’s consistent strategic approach that aims to focus on identifying local talent and empowering them to spearhead key developments within the QIC Group
