UAE: Govt-owned export credit insurer expected to post net profits in 2-3 years

Published on February 8, 2024
UAE state-backed export credit agency Etihad Credit Insurance (ECI) is expected to turn profitable in the next two to three years as its revenue grows faster than its expense base following its
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Saudi Arabia: Biggest insurer posts 17% jump in 2023 net profits

February 8, 2024
Bupa Arabia for Cooperative Insurance Company, Saudi Arabia's biggest insurer in terms of premiums, recorded net profits after zakat attributable to the owners of SAR940.16m ($250.72m) in 2023, a

Nacional Re to utilise ACORD’s ADEPT Platform to automate data exchange

February 8, 2024
Spanish reinsurer Nacional Re is set to leverage ACORD Solutions Group’s ADEPT (ACORD Data Exchange Platform and Translator) for Global Reinsurance and Large Commercial (GRLC) to “automate the digitisation and exchange of accounting and claims data in insurance industry documents”.ADEPT and its integrated ACORD Transcriber service reportedly enable efficient data extraction and real-time data exch