The recent sabotage attacks of ships docked in UAE waters has led Britain’s insurers to widen the list of waters deemed as high risk. Recently the London insurance market’s Joint War Committee extended its list to include Oman, the United Arab Emirates and the Gulf. A statement by the Committee...
The Ministry of Commerce and Industry (MoCI) issued a decision mandating all insurance companies, insurance brokers among other companies to appoint Kuwait auditors effective January 1, 2020 to fight money laundering. Local media reported that the move is expected to generate nearly 16,000 job opportunities for Kuwaiti jobseekers in the...
The Capital Market Authority (CMA) has inaugurated the Health Insurance Diploma Program, which includes 21 employees of insurance companies and government agencies associated with the implementation of the health insurance project. The program ends in January as part of CMA’s ongoing efforts to empower Omani youth in the insurance sector...
The Dubai Free Zones Council (DFZ Council) recently held its twelfth meeting where members discussed the latest developments across initiatives and industries, along with the completion and submission of the Council’s E-Commerce Initiative to the Dubai Executive Council for its implementation. The meeting was headed by Sheikh Ahmed bin Saeed...
Charles Taylor InsureTech has opened an office in Dubai to meet the growing demands for technology-related business transformation programmes in the regional insurance market. The business will be led by Shahid Safdar, who has been appointed as managing director for the Middle East and North Africa regions. He joins from...
Marsh has announced that it has reached an agreement to acquire a stake in Beassur, a leading insurance broker in Morocco. Terms of the transaction, which is expected to close later this quarter, were not disclosed. On closing, Beassur will operate as Beassur Marsh. Founded in 1974, Beassur is a...
The Ministry of Commerce and Industry (MoCI) issued a decision mandating all insurance companies, insurance brokers among other companies to appoint Kuwait auditors effective January 1, 2020 to fight money laundering. Local media reported that the move is expected to generate nearly 16,000 job opportunities for Kuwaiti jobseekers in the...
The Ministry of Health and Prevention (MoHAP) has underlined that the Cabinet’s approval for the Executive Regulation of the Federal Law No. 4 of 2016 on medical liability is reinforcing the country’s health system and efficiency of medical services to align with the latest international developments and to consolidate the...
The Kuwait National Assembly recently approved a new insurance law amid calls by MPs that the insurance sector must come under the Central Bank or continues under the Commerce and Industry Ministry. Commerce and Industry minister Khaled Al-Roudhan said that Kuwait badly needs a new insurance law especially that the...
SSP has partnered with Refpoint Insurance Consultants LLC (RPIC) to enter the ever-growing Middle East insurance industry. The objective of the partnership is for RPIC to represent SSP in the MENA region, in transitioning to a new digital insurance platform. RPIC, led by Ken Maw, who will provide sales and...
