Industry stalwarts to headline takaful meet in Dubai

Ebrahim Obaid Al-Zaabi, director general of UAE Insurance Authority, and Abdulla Mohammed Al-Awar, CEO of DIEDC, at the 13th World Takaful & InsurTech Conference.
Updated 18 March 2019
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Industry stalwarts to headline takaful meet in Dubai

Middle East Global Advisers, a financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the 14th edition of the World Takaful & InsurTech Conference (WTIC) April 1-2 in Dubai.
The event is being held in strategic partnership with the Dubai International Financial Center Authority and supported by the UAE Insurance Authority (IA) and the Dubai Islamic Economy Development Center (DIEDC). The two-day forum will take place at Address Dubai Mall Hotel.
Addressing the theme of “Reinforcing customer engagement and operational agility through digital transformation,” the forum is expected to draw participation from over 300 industry leaders and stakeholders. The event will see unique innovations in the form of an “Innovative Insurer Showcase Session.” Attendees can explore transformative solutions by way of insurance products, services and technologies. Insurance regulators from the GCC and Asia will share the best regulatory mandates and practices for the industry to unleash its full potential while maintaining compliance.
There will also be presentations focusing on artificial intelligence solutions that detect insurance fraud and streamlining aggregators’ regulations for better governance, among others.
Abdulla Mohammed Al-Awar, CEO of DIEDC, will deliver the opening keynote address, with the vision of furthering the ecosystem for Islamic insurance to thrive and grow in global markets. Salmaan Jaffrey, chief business development officer of Dubai International Financial Center Authority, will offer his insights on building an insurance ecosystem and driving business value and internal data science capabilities in takaful and conventional insurance by leveraging on insurance innovations.
Industry veterans from leading corporates, banks and regulatory bodies will headline the forum and impart valuable insights on a host of central themes affecting the takaful and insurance innovations industry at large.
Sager Nadershah, managing director of Aljazira Takaful, will offer his insights on aiding takaful operators through substantial regulatory requirements on technical underwriting, pricing, technology adoption and risk management. 
“Saudi insurance market continues to evolve due to strong government reforms and long-term vision supporting the insurance industry growth, namely expanding insurance coverage to increase penetration, enhancing the company’s corporate governance, focusing on building strong solvent companies, enabling business through talent creation and increasing the penetration of protection and saving sector. It is my pleasure to be a part of the 14th Annual World Takaful & InsurTech Conference and address these key points,” said Nadershah.


CMRC admits first patients to new Saudi clinic

Updated 21 May 2019
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CMRC admits first patients to new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia. 

CMRC’s new 60-bed clinic, located between Dhahran and Alkhobar, aims to help patients requiring post-acute care and rehabilitation services to make large improvements in their quality of life through multidisciplinary rehabilitative therapies including physiatry, physiotherapy, occupational therapy, speech and language therapy, and multi-sensory room sessions. 

The facility is staffed by multiple clinical experts including GPs, internal medicine consultants, pediatricians, ICU intensivists, rehabilitation consultants, psychologists and therapists, and will service patients across the eastern region of Saudi Arabia. 

It follows the same clinical procedures and protocols successfully implemented in facilities in the UAE, similarly benefiting from the center’s international partnership with the Spaulding Rehabilitation Network, a teaching affiliate of Harvard Medical School, and accreditations from Joint Commission International, CARF and Planetree.

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CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

CMRC Group CEO Dr. Howard S. Podolsky said: “We expand into countries where there is notable demand for post-acute care and rehabilitation services. Like many countries around the world, Saudi Arabia is experiencing a rise in the incidence of non-communicable diseases, birth defects, and life-threatening injuries. Our new facility brings our world-class medical treatment, care, and rehabilitation therapies to the Kingdom through a truly patient-centric approach.”

He added: “We look forward to helping families in the region improve their quality of life and using our international expertise and specialized workforce to support the government of Saudi Arabia’s focus on health care development, as part of Saudi Vision 2030.” 

CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

Dr. Helmut Schuehsler, CEO of TVM Capital Healthcare and board member of CMRC, said: “We believe that private equity investment should be a force for good, and that by working in health care, we have a real opportunity to make a difference to patients’ lives. Therefore, we conceptualized and invested in CMRC in the UAE to cater to those in need of post-acute care and an elevated level of rehabilitation. CMRC grew to be the leading post-acute care and rehabilitation provider in the UAE. We are very happy to bring the offer to the people of Saudi Arabia now.”

CMRC offers both inpatient services at its medical centers and outpatient therapy, where patients follow a rehabilitation program after discharge. The company employs more than 500 staff members across all facilities.