October 22, 2018

Middle East Views

Middle East Views

Daman opens approval tracking for members

The National Health Insurance Company, Daman, has announced that members can now check and track medical pre-approval requests for the first time immediately after updating the Daman or Thiqa mobile applications to their latest versions. The new feature provides Daman and Thiqa members with the latest status of their medical...

Kuwait health insurance to set global pace

The Kuwait health insurance industry is set to follow its global counterparts. The compulsory health insurance for expatriates will move from the Ministry of Health to Daman, in order to facilitate development of the state, according Ahmad Al Saleh, Board member and CEO of Health Insurance Hospitals. Speaking to Al-Rai...

Alizz Islamic Bank signs MoU with Takaful Oman

Alizz Islamic Bank has signed a memorandum of understanding (MoU) with Takaful Oman, to launch Sharia’ah-compliant insurance products for the bank’s customers. The agreement was signed by Salaam bin Said al Shaksy, CEO of Alizz Islamic Bank and Sayyida Rawan Ahmed al Said, CEO of Takaful Oman, a press release...

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CMA launches e-complaints system for policy holders

The Capital Market Authority (CMA) recently launched a new electronic complaint system to serve insurance companies’ customers. The new system aims to transfer all complaint-related dealings to insurance companies electronically. The application will enable insurance policyholders to follow-up the movement of their complaints between related parties inside the CMA departments...

t’azur invests in Invita

t’azur has taken a stake in Invita Claims Management Company, a third-party administrator for motor insurance. t’azur chief executive Yahya Nooruddin said the decision behind the investment into Invita Claims with a vision “to enhance the customer experience and bring new technology to further assist in the motor claims process.”...

2019 launch year of Takaful products in Morocco

Morocco will launch Islamic Insurance (Takaful) in 2019 after the success of its 2017 launch of Islamic banking services, which are thriving in the Middle-East, Africa, Asia and some western countries. In July 2017, the Moroccan Government Council adopted a draft decree paving the way for implementation of the Takaful...

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Policybazaar Group launches in Dubai

The parent company of India’s leading insurtech brand, Policybazaar.com, ETechAces Marketing and Consulting Pvt. Ltd., along with Indian lending marketplace, Paisabazaar.com and healthtech platform, docprime.com, has now set up within the UAE market, with the launch of its new venture, Policybazaar.ae, an online financial products marketplace, that would list insurance and lending...

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ECI conducts workshop with Dubai Chamber

Etihad Credit Insurance (ECI), the UAE Federal export credit company, in collaboration with Dubai Chamber of Commerce and Industry, organised a focus group workshop for Dubai-based businesses, particularly in the emirate’s export community. The workshop allowed ECI to gain increased understanding of the challenges and issues that the exporters face...

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Alpha Lloyds, MSH International set up in Dubai

Siaci Saint Honore, provider of insurance brokerage and consulting services, known locally under the name of Alpha Lloyds & MSH, inaugurated their offices recently in Dubai, under the patronage of the Consul General of France in Dubai & Northern Emirates. Active in the UAE since 2006 with its affiliate MSH...

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Nexus launches online Life product

Financial adviser Nexus has teamed up with Zurich International Life Ltd. (Zurich) to offer instant life insurance online with no medical check needed. Tarun Khanna, CEO of Nexus commented: “Customers’ protection needs come into sharp focus when major changes occur in life, for example getting married or starting a family,...

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