Insurance Archives - International Finance

New Saudi insurance scheme to protect expat workers takes effect on October 2024

IFM CorrespondentOctober 11, 2024October 10, 2024

by IFM CorrespondentOctober 11, 2024October 10, 2024

The Insurance Product, offered by insurance firms in the Kingdom, pays foreign employees' obligations if the owners of the establishment neglect to pay their salaries...

Effective communication key to success, says Assupol CMO Velmah Nzembela

IFM CorrespondentSeptember 18, 2024

by IFM CorrespondentSeptember 18, 2024

Assupol CMO Velmah Nzembela stated that the commitment to innovation has profoundly enhanced the client experience...

Start-up of the Week: Through flexible deals, Marshmallow is redefining car insurance sector

IFM CorrespondentSeptember 11, 2024

by IFM CorrespondentSeptember 11, 2024

Marshmallow’s USD 1.25 billion valuation, registered in 2023, was a result of a USD 85 million Series B funding round in 2021...

Kuwait Insurance Company posts impressive financial results in 2024

IFM CorrespondentAugust 21, 2024

by IFM CorrespondentAugust 21, 2024

Kuwait Insurance Company has remained committed to training and educating its employees, as well as investing in their professional development...

Emirates floods to impact insurance companies in UAE

IFM CorrespondentJune 10, 2024July 19, 2024

by IFM CorrespondentJune 10, 2024July 19, 2024

Post-flood infrastructure improvements will stimulate demand for insurance, hence promoting higher insurance penetration in the UAE...

MEDGULF: Shaping the future of insurance in Saudi Arabia with innovation & integrity

IFM CorrespondentMay 28, 2024May 28, 2024

by IFM CorrespondentMay 28, 2024May 28, 2024

With a legacy spanning over three decades, MEDGULF has solidified its position as a trusted and innovative insurance provider in Saudi Arabia...

Insurance claims for rain-related losses in UAE may face denial

IFM CorrespondentApril 23, 2024

by IFM CorrespondentApril 23, 2024

The insurance companies may still deny the claim if drivers purposefully drive on a flooded road during a downpour...

UAE’s latest health insurance directive: All you need to know

IFM CorrespondentMarch 26, 2024

by IFM CorrespondentMarch 26, 2024

Employers are currently required by law to provide health insurance to their staff members in Abu Dhabi and Dubai...

Start-up of the Week: Flock & ‘Connected Insurance’ for commercial vehicle fleets

IFM CorrespondentMarch 20, 2024

by IFM CorrespondentMarch 20, 2024

Flock uses telematics data to ensure your client's premium always reflects the trips they make and the risks they take...

Fitch’s take on Indonesian insurance sector reforms: All you need to know

IFM CorrespondentFebruary 28, 2024February 27, 2024

by IFM CorrespondentFebruary 28, 2024February 27, 2024

As the two-tier insurance sector regulatory reforms come into play by 2028 end, reinsurers offering basic products will need over USD 63 million worth minimum equity capital...