Insurance World

Aafiya insurance services, the leading specialized integrated service provider for healthcare management has launched its first health card “Dahab” that offers premium value-added healthcare services for its customers.

SAP SE (NYSE: SAP) today announced that elseco Limited, the leading high technology insurance underwriting agency, has partnered with SAP as co-innovation partner to develop its ATOM insurtech next generation technology platform on SAP Core Insurance Suite, Hybris and S4/HANA, powered by SAP HANA.

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.

Chedid Re (for Reinsurance Brokerage), a Chedid Capital Holding company, has won the Reinsurance Broker of the Year 2017 award at the 4th Middle East Insurance Industry Awards (MIIA) organized by Middle East Insurance Review (MEIR), at the Ritz Carlton Dubai.

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.