IRDAI Proposes Strict Commission Clawbacks to Stop Insurance Mis-Selling
India’s insurance regulator plans to mandate salesperson identification and public records of mis-selling to protect consumers.
Business Tabloid Desk2 min read
Topic
Insurance
15 stories
Dubai National Insurance (DNI) wins the Health Insurance Company of the Year 2022 award at the 4th Annual Business Tabloid Awards
The 4th Annual Business Tabloid Awards, conducted at Atlantis The Palm, Dubai, UAE, on the 19th of January, 2023 witnessed a wonderful gathering of global award winners from the best organizations of the world. One of the esteemed participants, Dubai National Insurance (DNI) bagged the Health Insurance Company of the Year 2022 award. Business Tabloid […]
Vandana Srinivas1 min read
Business Tabloid Awards recognises excellence in various industries
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
Vandana Srinivas4 min read
Jeffry Shah appointed new CEO of Sun Life Malaysia Takaful
Jeffry Azmi Mohd Shah has been named the new Chief Executive Officer of Sun Life Malaysia Takaful Berhad (SLMT) with immediate effect, according to a statement released by Sun Life Malaysia, a life insurance and family takaful company. In his role as CEO, Jeffry will be in charge of creating and implementing strategic initiatives to […]
Vandana Srinivas2 min read
EVs cost 20% more to insure than a comparable traditional fuel-powered car
Local insurance companies believe that even though Chinese manufacturers are producing new electric vehicles, they will cost more to cover. The largest auto market in the world, China, has encouraged the development of new energy vehicles by subsidising sales as well as rules that make it simpler to obtain licence plates. More people are choosing […]
Vandana Srinivas1 min read
IUMI announces new executive appointments
New members of the Executive Committee and Nominating Committee, as well as the President and Vice President, have been chosen by the International Union of Marine Insurance (IUMI) Council for the years 2022–2023. In addition to Kosuke Hashimoto of Japan and the General Manager of Maritime Underwriting at Tokio Marine & Nichido Fire Insurance serving […]
Vandana Srinivas1 min read
Dar Al Takaful and Watania complete merger to form one of the leading national Takaful (Islamic Insurance) providers in the UAE
Dar Al Takaful (DAT) and Watania, both publicly traded firms, have completed their merger, forming one of the region’s largest Shariah-compliant insurance carriers and consolidating its shares on the Dubai Financial Market. According to a release, the joined business now has a total share capital of AED 260 million ($70.8 million). Watania, which was listed […]
Vandana Srinivas2 min read
CyberSecurity – A Threat to the Digital Acceleration in the Middle East
Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a company’s reputation, and result in costly legal action. The more technology a company relies upon, the more vulnerable it is to cyberattacks and challenges. Hackers are increasingly focusing on Middle Eastern firms that are converting […]
Vandana Srinivas9 min read
LIC shares slump after debut as India’s biggest IPO
Shares of the state-owned Life Insurance Corporation of India (LIC) were set to open at an 8% discount from their IPO price on Tuesday. In pre-open trade, LIC shares were trading at 872 rupees, compared to the offer price of INR 949. This valued the company at ₹5.7 trillion (INR) or $73 billion (USD). Since […]
Vandana Srinivas2 min read
Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18 billion) initial public offering. Bidding for anchor investors began on May 2, but the general share auction begins on May 4 and ends on May 9. Because of the Ukraine crisis and the outflow of […]
Vandana Srinivas2 min read
AXA launches €1.7 billion share buyback program
The French multinational insurance firm AXA launches €1.7 billion share buyback program In addition to €1.7 billion share buy-back program announced, The company intends to launch a further share buy-back program in 2022 for up to Euro 0.5 billion to neutralise earnings dilution from disposals announced after December 1, 2020*, as communicated during AXA’s Investor […]
Shyam Dev2 min read
BT
Insurance Giant Aviva sells French Unit for $3.9bn to Mutual Insurer Aema Groupe
The British multinational insurance and the largest general insurer Aviva has agreed to sell its French business unit for $3.9 billion (3.2 billion euros). The French Business unit was sold to mutual insurer Aema Groupe which was recently created by the merger of two companies Macif and Aesio. This deal is considered to be the […]
Shyam Dev2 min read