DUBAI, UNITED ARAB EMIRATES – Mantas, a pioneering insurtech, received In-Principle Approval (IPA) for a Category 4 licence from the Dubai Financial Services Authority (DFSA). This enables Mantas to operate as a regulated Managing General Agent (MGA) upon the issuance of the full DFSA licence. This key milestone bolsters the company’s mission to protect cloud-reliant businesses […]
Drive now, pay later: Shory and Wio Bank unveil embedded car insurance with monthly installments
Abu Dhabi: Shory, the UAE’s leading digital insurance platform, is proud to announce a strategic partnership with Wio Bank to deliver a faster and more accessible way for customers to obtain car insurance, seamlessly embedded within the Wio Personal app. This milestone collaboration was officially formalized during a signing ceremony, highlighting the shared commitment of both […]
Historic milestone: First (Re)insurance association established in ADGM
This landmark initiative represents a major step forward in building a strong, collaborative, and future-ready (re)insurance ecosystem. Abu Dhabi, UAE – In a groundbreaking move for the UAE’s financial and (re)insurance sectors, the first-ever (Re)insurance Association, has been officially launched within the ADGM, the international financial centre of Abu Dhabi. This landmark initiative represents a major […]
Etihad Credit Insurance announces AED 174mln funding raised for SME growth in partnership with four leading banks
Dubai, United Arab Emirates – June 25, 2025: Etihad Credit Insurance (ECI), the UAE’s federal export credit company, announced the impact of its ‘Xport Xponential’ programme, which has helped raise AED 174 million in funding to support the growth of SMEs, during the closing ceremony of the programme. The working capital was raised with the […]
BankDhofar unveils ‘Laha’ – A motor insurance solution designed exclusively for women
This launch underscores BankDhofar’s commitment to innovation, inclusivity, and customer-centric financial services. MUSCAT: BankDhofar, Oman’s second-largest bank by branch network, has introduced ‘Laha’, a unique motor insurance product created exclusively for women. This launch underscores BankDhofar’s commitment to innovation, inclusivity, and customer-centric financial services. Developed in partnership with Dhofar Insurance, one of the largest insurance […]
Transamerica Life Bermuda expands global presence with a licence in DIFC
Brings significant experience in large sums assured and managing complex customer scenarios to the Middle East. Dubai – Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, has been granted a licence by the Dubai Financial Services Authority (DFSA) to establish a presence in Dubai International Financial Centre (DIFC), the leading global financial centre in the […]
Etihad Credit Insurance achieves AED 16.2bln in insured turnover
With a 15.7% growth in more than 100 countries across 17 strategic sectors. During a recent media briefing organised by the company H.E. Abdulla Bin Touq Al Marri: Under the directives of its wise leadership, the UAE has adopted innovative strategies to enhance economic diversification, and Etihad Credit Insurance (ECI) plays a vital role in […]
MENA InsureLab Launches in Dubai as Region’s First Dedicated InsurTech Venture Builder and Accelerator
Dubai, UAE – MENA InsureLab, the first dedicated InsurTech venture builder and accelerator in the Middle East and North Africa, has officially launched its operations, with its regional headquarters based in Dubai. With a mission to drive real-world innovation in the insurance sector, MENA InsureLab is establishing regional chapters across Bahrain, Saudi Arabia, Oman, Qatar, […]
Relm Insurance and Liva Insurance obtain Central Bank Approval in the UAE for Web3 Insurance Solutions
Dubai, United Arab Emirates: Relm Insurance – the only insurer dedicated to emerging sectors – and Liva Insurance, a leading insurance provider operating across the GCC, today announced UAE Central Bank approval for their dedicated multi-line insurance solution for WEB3 businesses – SIGMAWEB3, and its tailored version for VARA-regulated companies, SIGMAWEB3 VARA. This milestone follows the signing of Relm and […]
Etihad Credit Insurance joins the KYC Blockchain Platform
Dubai, UAE – 03 February 2025: Etihad Credit Insurance (ECI), the UAE Federal export credit company, joined the KYC Blockchain Platform, marking a first for the insurance sector. Led by the Dubai Department of Economy and Tourism (DET), the initiative aims to improve ease of doing business, company KYC compliance, and customer data quality and enable […]