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Rising healthcare costs concern for employers in UAE
Medical costs have rocketed in the UAE over the past five years, worrying employers because these costs eat up a significant share of companies’ budget. Medical inflation in the UAE was 9.5 per cent...
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Zurich Insurance moves into takaful with Malaysia buy
Zurich Insurance is set to take full ownership of Malaysia's MAA Takaful after the deal received regulatory approval, giving Europe's fifth-biggest insurer a foothold in the world's second largest...
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Why do UAE SMEs not go for insurance covers?
Experts have warned that the insurance uptake among small and medium enterprises (SMEs) in the UAE has gone down to “worryingly low” levels. Several SMEs do not have any insurance cover, placing...
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Dubai insurance intermediary Clements fined for breaches
Dubai Financial Services Authority (DFSA) has handed a fine of AED312,650 to Clements Dubai Limited (CDL) after an investigation found out that the company was involved in prohibited insurance...
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Home insurance myths and misconceptions
Whether you own your house or are renting it, protecting your home and its contents against unexpected events such as fire, theft or flooding can definitely save you some big bucks. But as you start...
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Accessibility, capacity concerns curtail Islamic insurance – Survey
* 70 per cent willing to buy Islamic insurance if offered as an option alongside conventional covers * Takaful is bellwether of consumer appetite for Islamic financial products * 48 per cent said...
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You may have to pay AED500 penalty per month in Dubai from January
* Dubai's DHA made it mandatory for every visa holder to have insurance * 88 per cent of people already covered * AED500 per month fine if remaining 12 per cent not covered by December 30, 2016 The...
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Only two per cent of Dubai residents left to get mandatory insurance cover
As the deadline for mandatory health insurance in Dubai looms, the emirate’s health watchdog has claimed that 98 per cent of residents have secured coverage. With more than 4 million currently...
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Dubai extends deadline for mandatory insurance to April – source
Dubai’s health regulator has announced that residents can continue to apply for mandatory health insurance cover in 2017. The Dubai Health Authority (DHA) had earlier said that every visa holder in...
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Vidal Health joins hands with GlobalNet to strengthen presence in UAE
Vidal Health TPA Services AE LLC, a part of well-established Vidal Health Group in India, joins with another distinguished TPA services provider in the UAE, GlobalNet TPA LLC. Vidal Health Group is...
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What will shape GCC’s insurance market in 2017?
Macroeconomic uncertainties and industry-specific developments will shape insurance sector in GCC this year. While in UAE, insurance companies will likely see a medium-term improvement in their credit...
View ArticleWARNING: Get insurance in Dubai or pay AED500 fine every month
* Dubai’s DHA made it mandatory for every visa holder to have insurance * 4.3 million visa holders in Dubai already covered * AED500 per month fine if not covered by March 31, 2017 Only four days left...
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Top 5 tips to remember when renewing your health insurance in the UAE
Insurance renewals can feel like a lot to take in. A month before your policy expires you’ll be bamboozled by paperwork and packages from your usually silent insurer letting you know what’s in store...
View ArticleWhy underfunded staff medical schemes put your company at risk
It’s no secret that the cost of medical care is on the rise. The latest Willis Towers Watson Global Medical Trends Survey report shows the projected average rate for 2017 for the UAE at 10.2 per cent...
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Health insurance fraud: why ME companies should care
If I grabbed one third of your company’s annual budget and gave it away to a bunch of unscrupulous individuals, how pleased would your executives be about this? Furious probably. Yet when it comes to...
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How ME companies should fight health insurance fraud
Healthcare fraud and abuse are big problems with even bigger consequences – so what can we do about it? One of the most effective ways for a company to combat the abuse of the system is by educating...
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Travelling abroad? 6 things you need to know about your health insurance
Very few people think in much detail about their health when they go abroad, often failing to acknowledge that a visit to a doctor or hospital could be required. The fact is, chances of requiring...
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Top six things you get wrong about car insurance in UAE
Did you know that Oman coverage on a UAE insurance policy does not necessarily mean that you’re legally entitled to drive in Oman? And did you know that a personal accident cover will not cover your...
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Who are UAE’s safest drivers?
UAE residents from France, the United Kingdom and Australia are among the safest drivers in the country, according to a new study from yallacompare, the Middle East’s leading comparison site. “French...
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Saudi women drivers will jump-start car and insurance markets
Following the announcement that Saudi Arabia will lift its longstanding ban on women drivers, there were very positive comments coming from car manufacturers and even from cab operators. Simple...
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