Insurance

Hyperloop Transportation Technologies, leading testing, certification and inspection company TÜV SÜD, and Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions announced today the creation of the first set of Hyperloop core safety requirements and certification guidelines along with the first insurance framework for HyperloopTT worldwide systems. As construction moves forward at different locations around the world, HyperloopTT has reached key milestones on two of the biggest hurdles remaining for the new transportation system: regulation and insurance.

ACE Insurance Brokers, one of the leading insurance and reinsurance brokerage firms in the GCC, has embarked on a major rebranding strategy to enhance ambitious regional growth plans.

SIACI SAINT HONORE, provider of insurance brokerage and consulting services, known locally under the name of Alpha Lloyds & MSH, inaugurated their offices yesterday in the heart of Business Bay (One by Omniyat tower), Dubai, under the patronage of the Consul General of France in Dubai & Northern Emirates.

Daman Investments PSC, one of the leading investment firms in the United Arab Emirates (UAE), announces preparations for the launch of a new family of funds, which are expected to be introduced within the coming few months. These new overseas funds will be designed specifically to be attractive to those investors in the UAE and wider GCC seeking the protections of more robust regulatory regimes outside the UAE.

Etisalat today announced a new insurance offering - ‘Home Protection Plan’ for all eLife home customers to provide a hassle-free option, making sure all household goods are insured for just AED 10 per month.

UAE residents are being urged to check the fine print on their travel insurance before flying abroad during the New Year period, with some policies potentially leaving them short on cover in an emergency.