Dubai-listed Sukoon, the third largest insurer in the UAE, has completed the acquisition of the UAE Life insurance portfolio of Chubb Tempest Life Reinsurance.
Dubai Islamic Insurance and Reinsurance Co (Aman) has said that it "will be taking the necessary steps to protect its interests", after Abu Dhabi National Takaful Company (ADNTC) stated that it had terminated an agreement to acquire Aman's life insurance portfolio.
UAE-listed Abu Dhabi National Takaful Company (ADNTC) has terminated an agreement to acquire the life insurance portfolio of Dubai Islamic Insurance & Reinsurance Company (AMAN).
As the use of e-scooters and e-bikes increases in the UAE, particularly in urban areas, insurers need to develop insurance policies for those using these personal mobility devices, according to Mr Anas Mistareehi, CEO of the insurance brokerage eSanad, which runs a digital insurance platform.
RAKBANK, also known as The National Bank of Ras Al Khaimah, has launched Protego, an insurance aggregator platform that helps users navigate insurance in the UAE.
Sukoon Insurance, a leading provider of comprehensive insurance solutions in the UAE, is now introducing an innovative videoconferencing feature for its life insurance customers.
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.