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UAE: Up to 400% jump in insurance claims as record rainfall damages thousands of cars

UAE: Up to 400% jump in insurance claims as record rainfall damages thousands of cars
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Rehman moinAnas mistareehiKhatm al shaklaMohammed ali londeAvinash baburUnitrust insurance brokerAli londe

Islamic insurance market growth to be driven by compulsory health cover – Moody s

DUBAI: The Islamic insurance market will continue to grow at current levels in the coming two to three years as more GCC, southeast Asian and African countries introduce mandatory health care, according to Moody’s Investors Service. Takaful growth will be helped by relatively low levels of insurance penetration and large Muslim populations in these regions, Moody’s said in a report. Takaful accounted for an average 29 percent of total insurance premiums in its largest markets at the end of last year, up from 27 percent in 2016, while penetration of all insurance products is in the low to mid-single digits compared with 11.2 percent in a mature market, such as North America, Moody’s said.

United arab emiratesUnited statesSaudi arabiaMohammed ali londeNational health protection schemeMoody investors serviceNorth americaAli londeஒன்றுபட்டது அரபு அமீரகங்கள்ஒன்றுபட்டது மாநிலங்களில்சவுதி அரேபியாமுகமது அலி லொந்டேதேசிய ஆரோக்கியம் ப்ரொடெக்ஶந் திட்டம்மனநிலை முதலீட்டாளர்கள் சேவைவடக்கு அமெரிக்காஅலி லொந்டே

Singapore s GIC leads $164m pre-IPO funding in Star Health

Star Health and Allied Insurance Co Ltd, the health insurer backed by billionaire Rakesh Jhunjhunwala and Westbridge Capital, raised around ₹1,200 crore in a pre-IPO funding round led by Singapore’s state investor GIC, two people aware of the development said.

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Indian insurers to withstand pandemic-led downturn: Moody s

Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, with general insurance premium growth in positive territory, Moody s Investors Service report has said. The report said that general insurance premium growth has been in the positive territory due to the persistent strong sales of health and protection cover. It noted that resilient sales of health and protection policies reflected the rising consumer awareness about these products during the pandemic, as well as regulator s actions in enabling the insurers to offer protection against the virus. The Indian insurers have also rapidly developed their digital offerings during the pandemic, the report added.

Mohammed ali londeMoody investors serviceInvestors serviceAli londeVice presidentSenior analystInsurance companiesIndian insurance firmsLife insurersHealth insurersLife insuranceHealth insuranceInsurance latest updatesமுகமது அலி லொந்டேமனநிலை முதலீட்டாளர்கள் சேவைமுதலீட்டாளர்கள் சேவை