As a leading insurance brokerage in the region, Pacific Prime Dubai is extremely pleased to announce that they have received the award of “Top Individual Sales” in 2020 from their longstanding insurance partner, Allianz Care.
AM Best continues to hold a negative market segment outlook on the insurance markets of the Gulf Cooperation Council (GCC). Factors supporting the outlook include COVID-19-driven uncertainty and the risk that further oil price volatility will maintain economic pressure across the region. In addition, there is concern over price adequacy amid intensely competitive conditions. Financial market fluctuations and depressed real estate valuations, as well as the expectation of liquidity pressures and increased delays in cash collection, also weigh on the outlook.
Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the Annual General Meeting of shareholders held for the fiscal year 2020.
Dubai Islamic Insurance & Reinsurance Company PJSC (Aman), the pioneering UAE Takaful Insurance provider, has received Board approval for its FY 2020 audited financial results. At the same time, the Board agreed to propose AMAN's first cash dividend distribution of 6% of net profit attributable to shareholders since 2011 (when it made returns to shareholders via a bonus issue of shares).
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) reported condensed and unaudited financial results for the fourth quarter and full year 2020.
The National Health Insurance Company – Daman announced that over 60% of participants in its diabetes management programme have maintained or reduced their risks to develop complications over a period of 12 months with 89% following the programme’s coaches guidance to improve their quality of life.
