DAMANA News

29 I 01 I 2014

 

Commercial lines business in Qatar is expected to benefit from a strong pipeline of infrastructure and construction projects with an estimated value of up to $200bn over the next decade. In addition, Qatar’s economy is expected to continue to...
27 I 01 I 2014

Insurers are likely to improve their performance this year, compared to 2013, following their adoption of prudent actuarial pricing and conservative reserve provisions, according to Standard & Poor's Ratings Services.

S&P expects to see...
27 I 01 I 2014

Insurance companies will be linked to the computer system of the Royal Oman Police (ROP) by 1 February, in a move to modernise services to serve the public better.

This follows the Capital Market Authority (CMA) order for insurance firms to activate an e-...
26 I 01 I 2014
 The Oman Insurance Association (OIA), a trade body representing insurance companies, brokers and loss adjusters, has presented a two-year plan for the industry that would raise the level of customer service, strengthen consultations with government and other...
23 I 01 I 2014
 The Saudi government has made third party insurance mandatory for all factories handling hazardous materials in suburban areas, amid growing demand in several cities to remove factories and workshops from residential areas because they posed a hazard to...
21 I 01 I 2014
Insurance players in Saudi Arabia are debating the merits of placing a ceiling on motor insurance premiums, amounting to a percentage of the value of insured vehicles.
 
Experts say that it is impractical to allow car insurance companies...