Profits at UAE insurance companies' profits could plunge by up to one-fourth in the second quarter due to unprecedented rains in April, which caused severe property and vehicle damages.
Wafa Life Insurance Egypt, a subsidiary of Wafa Assurance that is one of Morocco's biggest insurers, has launched coverage for corporate clients to expand its operations.
Najm for Insurance Services Company (Najm) has launched a new telematics initiative to improve road safety in Saudi Arabia. The motor services company has already partnered with a number of insurance companies to adopt the new telematics system.