Insurance World

Today RoadSafetyUAE and QIC Insured (Qatar Insurance Company) announced their strategic partnership for UAE, a partnership aiming at jointly increasing road safety and safe driver awareness in the Emirates.

Al Hilal Takaful, the takaful insurance subsidiary of Al Hilal Bank, has signed a distribution agreement in Abu Dhabi with Euler Hermes, the worldwide leader of trade credit insurance. The landmark agreement was forged recently at Al Bahr Towers, Al Hilal Bank’s headquarters in Abu Dhabi, during a special ceremony attended by Euler Hermes’ Regional Board.

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The Insurance Authority issues Financial Regulations to Traditional and Takaful Insurance Companies

Al Mansouri: The UAE is the first to adopt the latest solvency requirements in the Middle East

  1. The financial regulations represent a significant move ahead in developing the regulatory principles and technical rules for the development of UAE insurance market performance.

  2. An actuary is accredited for every insurance company operating in the UAE.

  3. New investment rules to protect the rights of policyholders and companies against risks.

     

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