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UAE: Motor insurance rates decline

The Emirates Insurance Association (EIA) has revealed that the average car insurance rates in the...

Public Authority for Social Insurance opens bank account for job security system

August 17, 2020 | 7:30 PM by Times News Service Image used for illustrative purpose Muscat: The Public Authority for Social Insurance has opened a bank...

Oman’s share index ends marginally lower

August 17, 2020 | 4:07 PM by United Securities Muscat: The MSM index closed at 3,551.35 points, down 0.25 per cent from the previous close.The...

South African insurer introduces pandemic health insurance

South Africa-based GENRIC Insurance Company has introduced a new insurance product called 'Pandemic Shield' to...

Total economic loss of Istanbul giant quake could exceed US$16bn

The total damage caused by a possible massive magnitude-7.5 earthquake that hits Istanbul can reach...

Arig announces its operations are in run-off

Shareholders of Arab Insurance Group (Arig) have approved the run-off of the regional reinsurance company...

Aman posts improved net profits in 1H to slash accumulated losses

Dubai Islamic Insurance and Reinsurance Company (Aman) has recorded net profits attributable to shareholders of...

ME insurers to bear brunt of insured losses from Beirut blast

Insurers in the Middle East are expected to absorb a large part of the losses...

Cigna clinches WELL™ Gold accreditation for regional head office

Cigna Insurance Middle East has become one of the first global health services companies in...

Watania sees 136% climb in 1H net profit

National Takaful Company (Watania) has more than doubled its net profit to AED16.6m ($4.52m)...

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budget 2021: Samir Arora on why millenials shouldn’t make insta decisions based on Budget

During the 2020 Budget, the Finance Minister had said that the FY22 Budget will be made in a manner never seen in 100...

What is insurable interest? – The Economic Times

1. A person is said to have an insurable interest in something if he would suffer loss or get adversely affected if that...

Choosing the frequency of an MCLR reset for your loan

When interest rates fall, it is beneficial for borrowers to have a shorter reset period as rate cuts will be passed on quickly...

Cyber risks: Need to popularise cyber insurance

The panel says that there are certain aspects of cyber insurance that require a consensus and Common Reference Framework to bring about clarity...