التأمين الدولي – international insurance

Company achieved Aqeelah Takaful Insurance in the first half of this year, an approximate value of insurance contributions of 321.9 million pounds a decrease of 5.23 percent over the same period last year.
 
And net loss attributable to policyholders 54.9 million pounds and its shareholders for 32.5 million pounds and total assets in the first half of this year3,060,459,662 pounds while she was in the same period last year,3,326,960,901 pounds.

And reached the rights of shareholders in the company during the first half of this year to 1,905,263,089 pounds while it was in the same period last year,2,158,143,848 pounds.

Also showed the financial statement of the progress the manual for the company achieve the assets during the first half of this year 3,060,459,662pounds in a while during the same period of last year, 3,326,960,901 pounds in addition to the arrival of total liabilities and fund policyholders and property rights to 1,155,196,573 pounds while she was in the same period last year1,168,817,053 pounds.
 
The company Aqeelah Takaful Insurance is a closed shareholding companyfounded in Syria in 2007 and the end of the forefront of all private insurance companies operating in Syria in terms of capital, as two billion Syrian poundspaid in full.

Was the launch of the new international health insurance entirely in the UAE.Now, in addition to the enjoyment of insurance by AXA Gulf, is NOW International Health Now Health International has been a fantastic Tmsamima specifically for people who require access to health care anywhere in the world.
This product is supplied, the system, pricing and service infrastructure prestigious in the UAE through an exclusive agreement between NOW International Health Now Health International and AXA Gulf. This means that the international health Taminan Seitovran in the UAE under the banner of AXA Gulf. AXA also will continue to provide its services with award-winning, at the same time, under an agreement separate and unique, the producer of health now Now Health capabilities in addition to its own IPO.

Commented Ms. Sonia de Patterson, co-director of business development at AXA Insurance (Gulf), said, “This product is one of the most essential and useful in the market for international health insurance today, and is characterized by several levels of coverage, high potential to benefit a wide range of options to take advantage – all specifically designed to fit a large network of customer base. ”

Insurance is available for each of the clients of citizens and expatriates in the UAE, and aims at the essence of this presentation to provide unparalleled service to move forward at all times to ensure fast service and accurate.

Customers will enjoy a safe space for their files and personal data online, which Amkinkhm accessible around the clock and from anywhere in the world.Amkinkhm as well as to look at and download files plans and follow up their claims of past and present, as they can add or delete names of the members, to provide medical service provider and request a new membership card.

Caused political unrest in the Arab countries, to increase the value of contracts of insurance by 30% after the company said that a new policy include insurance against terrorism, riots, and exceed the percentage in airports and oil companies.

This comes at a time when experts expect to see the insurance market in the Arab world alliances with counterparts in European and American world to acquire as much as possible of the tenders in the field of insurance. It is expected that insurance premiums worth $ 60 billion.

The consultant and expert insurance company safe Arab Insurance Adnan Hoxha told the “Middle East” of London, that the increased risks lead to increased caution and programs security of capital, whether in public or private sectors, which make some Arab companies allied with some foreign companies, the so-called by “re-insurance” in order to reduce the chances of loss and the acquisition of as much as possible of the tenders in the field of insurance.

He estimated the value of Khoja insurance premiums in the Arab States 60 billion dollars, and the reason for the increase in premiums to the value of the contracts is based on the current developments.

He invested in the insurance field and member of the Insurance Committee at Jeddah Chamber of insurance Khalid Zainal Mutawakkil that the Gulf states differ from the rest of the Arab States, on the grounds that the increase in both alliances, or the value of transactions was increasing before the occurrence of political turmoil, and attributed Mutawakkil, however, that political stability is a factor important in that, but the large number of foreign investment has accelerated the growth of insurance market in Saudi Arabia in particular and the rest of the Gulf States in general.

Commented the American investor Fuad Frank Halabi on the orientation of insurance companies to raise prices that it could be available, but if her choice of programs added, which may be appropriate for both parties by the investors from the business and insurance companies, although the price increase be an additional burden for the project terms of increased project costs.

He expected to see Halabi companies in the field of tourism and other companies contracting with insurance companies in the policy of terrorism and riots, and will not be only on government installations such as oil and airports.

And the insurance companies rises over the past two years, by events that have affected the complex economies in the Arab world, Kalozma World, followed by the problem of piracy on the Arab water. Was paid by the bodies and government insurance to focus on the method of control, and the necessity of enhancing the effectiveness of the regulatory system, by asking companies to focus on developing a strategy and framework, based on risk identification and future opportunities, to achieve the goals, and develop internal controls to reduce risk and increase opportunities.

And contributed to the Arab countries joining the global free trade agreement, “GATT” in front of challenges to keep up with developments, and competitive international companies with high financial capacity.

Expanded the Governments of a number of Arab countries to the actual steps as signing a number of memorandums of understanding to promote cooperation among Arab countries in the field of insurance, and update the legislation of insurance in force, and the issuance of new legislation keep pace with climate on the open market, as nations took measures to raise the minimum capital, as the Gulf States and Jordan , Egypt, Lebanon and Tunisia.

And suffer the insurance market of Arab negligence insurance individual, such as securing home and personal accident, where the needs of this type of insurance to raise awareness among individuals, so focused insurance companies to earn big business with little effort, featuring such acts consciously insurance chief to their owners, so seek companies to this type of business competitiveness in order to record high volume of high premiums.

Saudi market is reflected in the downward course yesterday after two consecutive declines, although it has not closed on the rise. After the colors the mind in green in an editorial yesterday, he returned the general index of the Saudi market quickly to the red, reaching a low of 5874.49 points in mid-session, but it soon regained its luster and began to claim the points, to end the session stable levels yesterday itself, has helped resort to the banking sector to get some gains. The march of the Saudi market was quiet yesterday in the small-scale oscillation, oscillating around the 5,900 points. 

As for the performance of the market segments in the hearing yesterday, he was overwhelmed by the contrast. Of the 15 sectors listed, rose eight sectors, while declines were limited to seven sectors. And insurance sector topped the list of sectors in gainful yesterday, up 2.03 per cent, followed by multi-sector investment by 0.79 per cent, media and publishing sector has increased by 0.63 per cent. The loss-making sectors in the said meeting, it came under the leadership of the transport sector for the second day in a row, fell by 1.96 per cent, followed by energy and utilities by 0.72 per cent. 

At the level of individual stocks, the shares of which 78 increased, while prices dropped another 53 shares, and shares of securing the loyalty of most stocks rose in yesterday’s session was won by 10 per cent. 

Was in session yesterday traded 122.84 million shares, worth a total 3.28 billion riyals, the meeting has seen a rise in volume by 26.6 per cent, while the volume of liquidity by 40.46 per cent, compared to the previous day. On the other hand was occupied SABIC shares and the shares traded on the forefront of development, in terms of size in the session yesterday. 

Performance of sectors: completed eight sectors of the 15 sectors listed in the Saudi market yesterday in the Green Zone. The insurance sector at the top sectors gainful in the hearing yesterday, up 2.03 per cent, a winner 16.3 points, followed by multi-investment has risen by 0.79 per cent and earning 15.6 points, resolution of the media industry and publishing in the third place, has ended the session gaining by 0.63 per cent. The loss-making sectors in the hearing yesterday, it was issued by the transport sector, down by 1.96 per cent, followed by energy and utilities by 0.72 per cent. 

Market activity: Among the 145 companies listed in the market, which has been traded in the session yesterday, stocks ended the day 53 lower, while the performance of 78 stocks and prices of 14 shares remained unchanged. It was during the hearing yesterday, trading 122.84 million shares, worth a total 3.28 billion riyals. Trading volume increased by 26.6 per cent from the end of trading yesterday, while turnover rose by 40.46 per cent, compared to most in the first. 

Most active stocks: Shares of SABIC most active in the market yesterday, in terms of turnover. The liquidity of the stock has reached 1.2378 billion riyals, and therefore the number of trading 13.5 million shares. Resolution of shares in the second wire liquidity of $ 116.9 million riyals, the result of the circulation of 3.3 million shares. The shares that the other three are the most active share development, liquidity of $ 110.8 million riyals, the result of the circulation of 12.2 million shares, Vshm Saudi Kayan, liquidity of $ 97.7 million riyals, the result of the circulation of 6 million shares, and then finally came the manufacture, liquidity of $ 70.1 million Real, the result of two million shares traded. 

Gainers and losers: Firms winning yesterday Shares of the loyalty of Insurance has the highest increase was 10 per cent, followed by support the 9.87 per cent. The third place was the AXA shares – which surged cooperative 9.77 per cent, while the shares of Tihama for Advertising in fourth place by 7.58 per cent.This, among the losers in yesterday’s session, shares were wires, the highest loss of 4.18 per cent, followed by maritime transport, when a loss of 3.06 per cent. The share of research and marketing in the third loss amounted to 3.03 percent, while the share BCI IV lost by 2.98 per cent

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Volume of the insurance industry in the GCC countries to 18 billion dollars (66.1 billion AED) by the end of this year, according to a report by Alpen Capital, which is expected to continue to qualify for up to $ 37 billion (136 billion dirhams) by the year 2015 growth rate of CAGR of 20%. 

The report pointed out that the UAE and Saudi Arabia topped the total insurance market share estimated at 75% (2015), and is expected to be Qatar in the period between 2011 and 2015, the fastest growing at a CAGR of 30%.The report expects to continue the rest of the sectors except the life insurance growth to constitute about 86% of the total income of insurance by the year 2015, pointing out that most GCC countries experiencing an economic recovery because of economic diversification, which witnessed most of the region and investment in various sectors. 

And that due to the diversity of ways to achieve strong growth in the insurance sector (non-life insurance), the major projects currently underway in these sectors is expected to raise demand for financial services and insurance in particular, in the coming years. It is expected to increase the insurance premium (non-life insurance) from 1.12% in 2011 to 1.81% in 2015.

 Gulf insurance industry is undergoing a transitional phase in spite of that sector is relatively small compared with other regions according to a report on the Capital’s coffee, the insurance industry in the Gulf Cooperation Council (GCC). 

The report estimates the size of the insurance industry in the GCC will reach the end of the year 2011 by about $ 18 billion, and will continue to rise until it reaches $ 37 billion by the year 2015 at a CAGR of 20%. 

The report pointed out that the UAE and Saudi Arabia topped the total insurance market share estimated at 75% and is expected to be Qatar in the period between 2011 and 2015, the fastest growing at a CAGR of 30%. 

It is also expected to continue to the rest of the sectors except the life insurance, a growth of about 86% of the total insurance revenue by 2015 with most countries experiencing the GCC economic boom due to economic diversification, which witnessed most of the region and investments in various sectors. 

In addition, the further growth of Takaful would provide a strong impetus to the insurance sector. Takaful insurance is that complies with Islamic law has little appeal among the local population in the region. 

Still GDP growth, the main driver for the growth of the insurance sector. It also will acquire the life insurance further momentum with the rising population and increasing per capita income of the year. In addition, continue to the GCC countries to diversify and develop new sectors which made the new projects that will increase the demand for insurance is life insurance other engine for the growth of this sector. In addition to the introduction of compulsory health insurance and auto insurance, which has had a significant impact in the growth of this sector. 

It is expected to provide greater availability of Takaful Islamic insurance products, a strong impetus for the growth of the insurance industry. Play as new models for distribution, including those associated with banks (bancassurance) a prominent role in driving growth in the insurance market. 

Facing the insurance industry, though small, some of the challenges, the sector is insurance in the GCC is growing rapidly but is still fragmented with a very large number of insurance companies, have affected the increase in the number of insurance companies and market conditions and lack of experience in the skills of underwriting and management skills portfolio and a heavy reliance the re-insurance companies, the profitability of Gulf companies which reported a decline in most of the return on assets, in addition to the difficulty of implementing a sound investment strategy due to the volatile nature of investment in the region.

Dr. Abdul Hamid Abaza, Assistant Health Minister for Technical Affairs and Political Advisory Committee to prepare a draft of the Supreme law of the new health insurance, has completed the re-wording of some articles of law and discussion of all other items. 
The remaining material sources of funding only, which will be discussed after the Eid directly, and accompanied with a bill and thus ending the draft bill of social health insurance comprehensive whole, where the Minister of Health and Population, the attention of the Council of Ministers during the month of September, will also be put forward for discussion societal to become law is ready the end of November for submission to the People’s Assembly at its next session after the election. 
The Abaza, that the main what has been changed on the draft law comprehensive health insurance is to abolish the Disaster Fund, which included some incurable diseases such as cancer, organ transplants, and others, so that the all chronic diseases, oncology and transplant the heart and the emergency within the system of universal health insurance new in the package diseases that are covered depending on the involvement of the insurance. 
He added that the draft also included intolerance to the user costs of increasing the participation with the exception of 25% of the value of medicine, was also stressed on the separation of service funding and a mechanism will be provided for in the list of implementation Ye of the law to manage the supervision and control, and the service pack is not less than the available now.
Also deferred to the Law of Social Solidarity for the definition of poor patronage by the state, as will the quality of services high and watched a special committee to follow up on quality control in the form of health insurance. 
He noted that the draft included a commitment to purchase the service of insurance of all public and private sectors as long as the latter will stick to the terms of the insurance provision of the service to users.

I am a citizen suffering kidney failure make the meetings of dialysis per week three times and spend Alajata Center Khraibat the mass market and I was previously (in a health center skyscraper destruction) pay for each treatment of 250 fils, although the other patients who take their sessions with me do not pay any amount because they possess the aid and national insurance or disability there any reward for my service in government and I got my insurance to pay for drugs that Asrvha month.

Generally the problem is not at 250 fils, but in the last time I asked the health center me a tax of 5% of the price for any treatment and this large sum has my review of Instructions No. 2 in 2004, issued pursuant to the provisions of Article 15 / B of the health insurance system No. 83 of 2004 found that patients with renal failure were excluded from the tax of 5%, but insisted that the center, so please pay of officials to resolve the issues, because God knows it once did and come sincerely.

Official data showed the initial issued by the growth of total insurance premiums increased by 7% the end of last July to $ 1.266 million compared to JD 8.249 million dinars for the same period of 2010. 

Also showed growth of gross premiums of general insurance increased by 6% to $ 2.24 million compared to JD 4.226 million dinars during the same period last year, while total premiums Life Insurance 9.25 million dinars at the end of July of this year compared to 4.23 million dinars during the same period of last year. 

And the Insurance Commission showed that the total compensation paid at the end of July of this year amounted to 8.191 million dinars, compared to 9.161 million dinars during the same period in 2010 and a growth rate of 18%. 

On the other hand, the number of complaints relating to branches of various insurance and the introduction of the 447 complaint until the end of July, which was concentrated in the branch of insurance of vehicles by 97%, and resulted in the Commission’s efforts to settle 392 complaints of which, as the Commission to resolve insurance disputes settled 12 complaints. 

These data indicate further that the contribution of insurance sector in the volume of trading on the Amman Stock Exchange amounted to 4.2% of the total trading volume during the period from early January to the end of July two years, while the index of the shares of the insurance sector 8.2305 points at the end of July of this year .

Group insurance companies compete to win a deal on insurance Olympic Committee traveling to the State of Mozambique next month to participate in the Africa Games. 

The list of insurance companies compete on the deal, both the “Arab Insurance Group – AMIG -, and Royal Insurance, Misr Insurance, Insurance, and Harts, and Pharaonic Insurance Brokerage.” 

Revealed Hamdy Abdel Mawla broker insurance that he had received a letter from the Egyptian Olympic Committee, including mission data of participation and that of 159 members of the official mission, administrators and players, pointing to the value of insurance coverage on a mission of up to 16 million pounds, and will cover death and disability the full and partial permanent and temporary. 

He said he filed the report of the Technical Committee to explain the merits of each offer, to serve as a guide for the committee to choose the best offer among the insurance companies.