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Russia to open the insurance market for foreigners

Moscow: The Russian Ministry of Finance has submitted to the government a package of bills defining the procedure for admitting and operating foreign insurers...

Surveyors group issues warning about new PI products

London: The Australian Institute of Building Surveyors (AIBS) has voiced concerns at a number of new professional indemnity (PI) insurance products in the market,...

Arch Capital Group to buy Watford Holdings

London: Arch Capital Group has entered into a definitive agreement to acquire all of Watford Holdings common shares in an all-cash deal valued at...

4 UAE insurtech firms among 50 most-funded startups in Mena

Dubai: Four insurance-related providers are among the 50 most-funded startups in the region in 2020, according to a Forbes report. Bayzat, a provider of digital...

How insurance companies manage their businesses during Covid pandemic

Dubai: With millions of people fired and stay-at-home regulations, drivers are less likely to drive or have problems paying the insurance bills. The automotive...

Advisers see trouble in UAE’s new life insurance rules

New regulations may lead to shortage of distribution channel support Dubai: The new life insurance regulations that will come into effect from 16 October 2020...

UAE regulator sets cap on fees, bans indemnity commission

Regulations to be effective from October 15, 2020 Dubai: The UAE Insurance Authority’s landmark regulations that set an overall cap on commissions for sale of...

More TPAs set to go bust in the UAE

The collapse of third party administrators in the UAE leaves health insurers and providers in the lurch