The UAE government has set a new Emiratisation strategy for the years 2027-2030 which targets Emiratisation rates of 50-60% at insurance companies, depending on company size.
Iraqi insurance and reinsurance veteran Dr Mustafa Rajab passed away on 15 June in Abu Dhabi at the age of 96.
Abu Dhabi-based IHC, a listed global investment company, has named its global reinsurance platform in ADGM (Abu Dhabi Global Market) as Reinsurance Intelligence Quotient (RIQ).
Transamerica Life Bermuda, a global high-net-worth (HNW) life insurer, has been granted a licence by the Dubai Financial Services Authority (DFSA) to establish a presence in Dubai International Financial Centre (DIFC).
Travel insurance premiums in the UAE have risen by 12% to 18% year-on-year on average as summer -- the peak season for international travel -- approaches.
Rokstone DIFC has appointed Mr Giles Hussey as senior executive officer of Rokstone DIFC and Mr Kamil Mammadov as head of short tail lines.
There is growing recognition of the importance of financial security in the workplace in the GCC, with the average age of those with income protection falling to 41 from 51 over the last three years, according to Zurich International Life Insurance Middle East, a subsidiary of Zurich Insurance Group.
State-controlled PureHealth, the largest healthcare provider in the UAE, has strategically expanded its insurance arm, Daman, marking the latter's transformation from a health-focused entity into a comprehensive, multi-line insurer with entry into the high-growth Property and Casualty (P&C) segment.
Many UAE consumers are experiencing increased auto insurance costs, prompting adjustments to their financial strategies, according to the findings of a survey conducted by NIQ, a leading consumer intelligence company.
Etihad Credit Insurance (ECI) has recorded an insured turnover reaching AED16.2bn ($4.4bn) -- reflecting a 15.7% year-on-year increase and accounting for 2.85% of the UAE's total non-oil exports, the UAE federal export credit company said in its 2024 annual report released last week.