Takaful operators continue to gain traction in the UAE insurance market as the Islamic insurance segment's profitability has improved significantly in recent years, according to a new special report by AM Best.
The governor of the Central Bank of Iran has revealed that the Supreme Council of Economic Coordination has endorsed the importance of creating a universal insurance fund to cover losses caused by natural disasters.
The Central Bank of Bahrain (CBB) has granted a licence to Cigna Life Insurance Company of Europe (Cigna) to open a branch in Bahrain. The licence allows Cigna to expand its insurance business in the Kingdom, the regulator says in a statement.