Saudi Arabia insurance sector set to see more M&As: Moody’sIFM CorrespondentDecember 4, 2024December 4, 2024 by IFM CorrespondentDecember 4, 2024December 4, 2024 The GCC insurance market is still fragmented, with about 190 competing insurance companies sharing a premium of almost USD 40 billion... Read more
New Saudi insurance scheme to protect expat workers takes effect on October 2024IFM 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... Read more
Effective communication key to success, says Assupol CMO Velmah NzembelaIFM CorrespondentSeptember 18, 2024 by IFM CorrespondentSeptember 18, 2024 Assupol CMO Velmah Nzembela stated that the commitment to innovation has profoundly enhanced the client experience... Read more
Start-up of the Week: Through flexible deals, Marshmallow is redefining car insurance sectorIFM 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... Read more
Kuwait Insurance Company posts impressive financial results in 2024IFM 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... Read more
Emirates floods to impact insurance companies in UAEIFM 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... Read more
MEDGULF: Shaping the future of insurance in Saudi Arabia with innovation & integrityIFM 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... Read more
Insurance claims for rain-related losses in UAE may face denialIFM 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... Read more
UAE’s latest health insurance directive: All you need to knowIFM 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... Read more
Start-up of the Week: Flock & ‘Connected Insurance’ for commercial vehicle fleetsIFM 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... Read more