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Syria: Insurance federations dissolved as part of strategy to reform insurance industry

The Syrian Insurance Federation (SIF) and the Syrian Insurance Agents and Brokers Federation (SIABF) have been dissolved.


UAE: Dubai court brings more clarity to vehicle insurance claims

A Dubai court has clarified that neither the insured, the driver responsible for an accident, nor the insured's employees -- if injured during work or as a result of it -- can claim compensation from the insurance company beyond the limit stated in the insurance policy's supplementary endorsement.

UAE: Nearly 18,000 workers benefit from unemployment insurance scheme

The majority (88.3%) of private-sector employees in the UAE have benefited from the unemployment insurance scheme.

Other News

Africa

  • South Africa: More than three fourth (86%) of South African men skip regular health check-ups

Asia

  • India: Cabinet passes draft law allowing 100% FDI in insurance companies
  • China: Private insurers to cover costly new innovative drugs
  • New Zealand: Insurer ordered to pay US$4m penalty for misleading representations

China

  • Financial regulator eases risk factors for insurers, bolstering long-term equity investments
  • 1st Innovative Drug Catalogue set to reshape commercial health insurance market
  • Asset-liability management must be product-centric, per CPIC CIO
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Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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    Egypt:Insurance federation issues eight recommendations for responsible AI use
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    UAE:EV insurance costs expected to fall as spare parts become more accessible
  • 5
    Egypt:FRA mandates insurance funds to be invested in stock market via open-ended equity funds

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