Insurance World

Insurance markets in the Middle East and North Africa (MENA) region have continued to grow, with increased demand for products over the past decade driven by a period of high oil prices that has funded infrastructure development and increased commercial activity, and the introduction of compulsory covers, particularly for medical health care and liability risks.

American International Group, Inc. (NYSE: AIG), advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant insurance policy in the Middle East and North Africa region (MENA) for merger and acquisitions activity.

Global insurance broker Pacific Prime has announced it has partnered with Orient Insurance PJSE, Allianz Worldwide Care to help deliver a new international insurance solution for individuals in Dubai. The plans provide people with exceptional international health coverage coupled with Allianz Worldwide Care’s reputation as one of the best insurers in the world.

American International Group, Inc. (NYSE: AIG), advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant Mergers and Acquisitions (M&A) insurance policy in the Middle East and North Africa region (MENA).

Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, kept the momentum of its strong Q1 2017 performance to achieve a combined net profit of AED 40.9 million (Policyholders & Shareholders before release of Qard Hasan) and an underwriting profit of AED 34.1 million in Q2 2017.