Parents in the UAE anticipate having to spend between AED250,000 ($68,100) to AED600,000 to finance the higher education of their children, according to the findings of a survey by commissioned by Zurich International Life (Zurich), a part of Zurich Insurance Group.
Insurance premiums for electric vehicles (EVs) have increased at double the pace of fuel-powered cars after the heavy rains in the UAE in April 2024.
Emirates Insurance Company (EIC) has a demonstrated track record of strong operating performance, with profits reported in each of the past five years (2019-2023), says AM Best.
Price hikes are expected for some insurance products in the UAE on the back of high demand in the second half of 2024, according to Mr Gautam Datta, CEO of the UAE-based Islamic insurance group, Watania International Holding.
Venture capital firm RB Ventures has been launched in Dubai to facilitate venture capital investments into (re)insurance, InsurTechs and other related sectors and providing deal-related services.
The combined profit before tax of 26 listed insurance companies in the UAE grew by 7% to AED1,044m ($284m) in 1H2024 from AED975m in 1H2023, according to Badri Management Consultancy, an international company that specialises in actuarial services and provides financial services, strategic HR consulting, data management, business intelligence and other services.
The demand for travel insurance has witnessed a significant increase, driven by a surge in customer inquiries and a growing trend among travellers to secure their journeys.
Watania International Holding (WIH), has reported a net profit of AED 7.9m ($2.15m) for the first half of 2024, according to interim financial statements filed by the company.
Dubai-listed Watania International Holding (WIH), a leading investment holding company overseeing a portfolio of established takaful providers and innovative investments, has appointed Al Ramz Capital as liquidity provider.
The demand for warehouse insurance policies has increased in the post-rainy period as businesses are keen to protect goods stored in warehouses.