Liva Insurance, a leading GCC insurance provider, and Relm Insurance, which is dedicated to emerging sectors, yesterday announced that they have secured UAE Central Bank approval for their dedicated multi-line insurance solution for Web3 businesses.
InsurTechs are reshaping the UAE insurance market by addressing critical gaps and driving innovation, according to eSanad Insurance CEO Anas Mistareehi.
Dubai-headquartered regional insurer Islamic Arab Insurance Company (Salama) has announced the appointment of Mr Mohamed Ali Bouabane as group CEO. The appointment is effective immediately as Salama continues to solidify its position as a leading provider of takaful insurance solutions.
AM Best has assessed Kay International AMEA's MGA operations (United Arab Emirates) as 'PA-3' (Strong) with a 'Stable' outlook.
Takaful Emarat achieved a turnaround in its financial results in 2024 when it reported net profits attributable to shareholders of AED11.2m ($3m) compared to a net loss of AED12.4m in 2023, according to the audited consolidated financial statements of the company.
InsurTechs could ensure the security of sensitive policyholder data on their digital platforms by starting with end-to-end encryption, locking down data both at rest and in transit using industry-leading encryption, according to eSanad Insurance CEO Mr Anas Mistareehi.
Sukoon Takaful has reported a significant turnaround and a return to profitability in the financial year ended 31 December 2024.
Gross written premiums in the UAE insurance sector rose by 21.4% in 2024 to AED64.8bn ($17.6bn), according to the Central Bank of the UAE (CBUAE).
Union Insurance Company has reported strong financial results for 2024. The company's net financial results improved sharply to net profits of AED38.3m ($10.4bn) in 2024 from a net loss of AED2.5m in 2023.
Nas Neuron Health Services (NNHS), a leading health insurance third-party administrator in the region, is unveiling a new brand identity.