DWIC | MENA
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NewsDubai World Insurance Congress 2022: Building a ‘Hybrid’ event
Planning is now underway for the Dubai World Insurance Congress [DWIC] 2022. We are building a ‘Hybrid’ event for the future.
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News
National General Insurance deserves premium it got from Dubai Investments
The star of the UAE stock market last week was Dubai’s National General Insurance, which rallied 14.88 per cent on Wednesday. The gain came as Dubai Investments bought 21.5 per cent in it through the purchase of 32.89 million from Emirates NBD.
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News
UAE and UK set to sign multibillion-pound clean energy and tech investment deals
Britain’s Office for Investments, an agency set up this year to promote and channel investments into the UK, expects to get more clarity on the size and scope of potential deals and how they will be structured by the end of June.
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News
QIC Group net profit jumps 210% to QR205mn in Q1
Mena region’s leading insurer Qatar Insurance Company (QIC) reported robust results with a net profit of QR205mn for the first quarter of 2021 compared to a loss of QR186mn in Q1, 2020.
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News
New CEO of Dubai National Insurance & Reinsurance
With more than 25 years of experience in the government and private sectors, Al Nuaimi holds an EMBA degree in Leadership Business Management from Wharton Business School of the University of Pennsylvania.
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UAE’s Etihad Credit Insurance to prioritise saving jobs when extending trade finance
Etihad Credit Insurance will be issuing another 2,000 ‘revolving credit guarantees’ to UAE-based exporters this year, as part of its bid to revive business activity after the COVID-19 induced damage.
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News
Dubai’s DIFC records best performance in 2020, with fintech presence doubling
The Dubai International Financial Centre has just turned its best annual performance ever, with a 20 per cent increase in the number of licensed firms to total 2,919 companies.
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People & Opinion
Farid Chedid appointed as Chairman and Group CEO of Ascoma
The move comes in line with Chedid Capital and ASCOMA’s acquisition deal whereby the former acquired 80% of ASCOMA’s insurance brokerage business in Africa in a deal signed on this day.
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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.
