Ras Al Khaimah Economic Zone (RAKEZ) has recently teamed up with Sehteq,a new and unique online health portal, to provide its clients and their families cost-effective health insurance plans for as low as AED 550 per year.
Orient Insurance PJSC,a leading insurance company in the UAE, announced the winner of its online health insurance promotion for December 2017. The draw for the prize has been completed and the lucky winner, Muhammad Farooq, has been handed a Lexus car.
NTT DATA Services, a recognized leader in global technology services and a Platinum Cloud Standard member of Oracle PartnerNetwork (OPN), today announced a new end-to-end solution in collaboration with Oracle Insurance designed to improve operational efficiencies for government payers and health plans.
Seib Insurance & Reinsurance Company LLC (Seib), one of Qatar’s leading insurance and reinsurance company, is pleased to announce the successful completion of internship program for Qataris.
Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has received its insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its Senior Executive Officer (SEO) and Neeraj Yadvendu as deputy SEO and Head of Third Party Lines for the Middle East. In addition, Alessandro will be leading First Party Lines for BHSI’s broader Asia Middle East region, which includes BHSI’s other regional hubs of Hong Kong and Singapore as well as its operations in Malaysia and Macau.
A.M. Best has a negative outlook on the insurance markets of the Gulf Cooperation Council (GCC). Insurers in the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) have historically enjoyed significant capital buffers and benefited from extensive reinsurance support; however, continuing headwinds could lead to potential volatility in the operating performance and capitalisation of market participants.
