December 14, 2017

Middle East Views

Middle East Views

Draft on medical error goes to Fatwa Dept

Minister of Health Dr. Jamal Al-Harbi has announced that the Ministry has referred a draft legislation on insurance against medical errors to the Fatwa (legal advice) and Legislation Department of the cabinet. “The department is supposed to study the legal, financial and administrative aspects of the draft as a prelude...

Code of Ethics for Pharma industry out soon

The Ministry of Health and Prevention is expected to release this month, an impending Code of Ethics intended for professionals within the medical and pharmaceutical institutions. The regulation is the outcome of a meeting earlier this year that was held among the Board of Trustees of the pharmaceutical sector composing...

QIC renews licence

Qatar Insurance has said that it had renewed the business licence for the company’s branch in Abu Dhabi, more than two months after saying it would close because of an ongoing regional political crisis. The branch will continue to conduct normal activities, Qatar Insurance said in a bourse statement. Earlier...

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DHA signs agreement with NTT Data

Humaid Al Qutami, chairman of the Board and director general of the Dubai Heath Authority (DHA) recently met with officials from NTT Data Services, an international organisation that manages health insurance. He emphasised the importance of constantly developing the insurance system in Dubai to simplify the customer’s journey and enable...

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Health insurance bill to be submitted soon

A draft of a comprehensive social health insurance law has almost been finalised and is expected to be submitted to the House of Representatives within two weeks, Health minister Ahmed Emad Eddin said. Eddin stated to Egypt Independent that the bill mainly aims to preserve the quality of services and...

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Nirsal signs partnership pact

Two Moroccan agricultural insurance and re-insurance companies, Mutuelle Agricole Marocaine D’Assurances (MAMDA) and MAMDA Reassurance have signed a partnership agreement with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) to expand the range of agricultural insurance products and coverage in Nigeria. The partnership is designed to...

MEBAA to cover cyber attack

An innovative insurance program that includes protection for damages from cyberattack was unveiled last month by MEBAA, the Middle East and North Africa Business Aviation Association. The first customer is expected to be accepted in the very near future, and others are expected to apply soon. This is MEBAA’s second,...

Africa’s reinsurance market to recover in 2018

Reinsurers in Africa are optimistic about the prospects of Africa’s USD6.8 billion reinsurance markets in 2018, it was discussed at the 22nd African Reinsurance Forum. In 2016, Africa’s GDP growth dropped to 1.8 percent, below the global average of 2.5 percent and Insurance premiums declined by 15.3 percent to USD61 billion....

Iran, SCOR SE reach agreement

The Central Insurance of Iran, the industry’s regulating body, announced recently that it has reached an agreement with SCOR SE, based on which the major reinsurer will cover catastrophe excess of loss reinsurance for Iran. According to a press release, the agreement was finalised during a meeting between Abdolnasser Hemmati,...

Premium growth by 20pc in Iran

Iranian insurance companies’ premiums during the first half of the current fiscal year to September 22 has amounted to IRR166 trillion (USD4.15 billion), which indicates an increase of 20 percent compared to the corresponding period of last year. According to the president of the Central Insurance of Iran, this growth...

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