February 17, 2019

Middle East Views

Middle East Views

EC3 Brokers enter MEA region

EC3 Brokers is targeting growth in the Middle East and Africa with the launch of a new division, called EC3 Brokers MEA, which is to be led by senior executive officer Steve Hart. This new venture, based in the Dubai International Finance Centre, expands EC3 Brokers’ existing operations in London...

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Bahrain RERA: Insurance bond on escrow accounts

Shaikh Salman Bin Abdulla Al-Khalifa, president of the Survey and Land Registration Bureau and chairman of the Board of the Real Estate Regulatory Authority (RERA), launched an Insurance Bond on escrow accounts for real estate projects. Speaking at the event, he said, “The provision of this new  Insurance Bond on...

AXA Egypt joins MAXIS GBN

AXA Egypt has joined as a member of MAXIS Global Benefits Network (MAXIS GBN), a network of 140 local insurers alongside Metropolitan Life Insurance (MetLife) Egypt. The development will make AXA Egypt the second MAXIS partner in the country. MAXIS GBN is an international employee benefits network co-founded by MetLife...

FRA: GWP rises by 23.3%

Chairperson of the Financial Regulatory Authority (FRA) Mohamed Omran has declared that the value of the total insurance premiums at the end of June 2018 increased by 23.3 percent, reaching EGP29.5 billion, compared to EGP23.9 billion in the same period in the previous year. He added that the investments of...

Dubai Health Forum: Latest insurance updates discussed

Supreme Health Council president Lieutenant General Dr. Shaikh Mohammed bin Abdulla Al Khalifa gave an overview of the Bahrain national insurance programme at the auspices of the Dubai Health Forum. The two-day event was held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and...

CMA launches whistleblowing window

The Capital Market Authority recently launched a whistleblowing window at its website. The move aims to upgrade the capital market and insurance sectors and protect the participants from unfair and unsound practices. The window is set to be an easy and swift channel of communication between CMA and all participants...

Foreign reinsurers express interest

Head of Central Insurance of Iran (CII) Gholamreza Soleymani has said that foreign companies have expressed their readiness to carry out reinsurance operations in Iran’s insurance industry. He was speaking at the Fifth Insurance and Risk Management Conference recently. Conveying the importance of risk management for insurance companies, he said...

New insurance scheme to support SMEs

Finance and Treasury minister Berat Albayrak has announced that a new insurance scheme has been devised to help small- and medium-sized companies (SMEs) that face difficulties collecting their receivables. “We will put in use the State Supported Receivables Insurance that is designed to cover SMEs’ losses in case they fail to collect receivables....

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ECI signs pact with UK Export Finance

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with UK Export Finance (UKEF), the UK government’s export credit agency, to encourage greater confidence amongst traders and investors by enhancing the trade relations as well as boosting investment opportunities between the UK...

Tawuniya launches first sales academy

Tawuniya Insurance Company’s CEO Abdulaziz Hassan Al-Boug recently inaugurated the Tawyuniya Sales Academy in a ceremony attended by the company’s senior executives and sales managers. Established in collaboration with sales performance consultancy Miller Heiman Group, Tawuniya Sales Academy aims to enhance the effectiveness, performance and knowledge of the sales teams...

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