Topic

Insurance

14 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 Srinivas20 February 20231 min read

Awards

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 Srinivas6 February 20234 min read

Leadership

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 Srinivas19 October 20222 min read

Technology

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 Srinivas27 September 20221 min read

Leadership

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 Srinivas23 September 20221 min read

Insurance

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 Srinivas5 July 20222 min read

Technology

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 Srinivas24 June 20229 min read

Finance

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 Srinivas17 May 20222 min read

Finance

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 Srinivas4 May 20222 min read

Insurance

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 Dev5 November 20212 min read

Finance

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 Dev23 February 20212 min read

Insurance

Japan Airlines to offer complimentary COVID-19 insurance for passengers

Japan Airlines (JAL) becomes one among the airlines to offer COVID-19 insurance to its passengers on international flights called JAL COVID-19 cover. The Airlines has joined hands with Allianz Travel to provide complimentary cover for testing, medical expenses and quarantine costs in the event that customers test positive for COVID-19 during their travel. The insurance […]

Shyam Dev14 December 20202 min read