UIS Unlimited Insurance Services

02/12/2024

On this joyous occasion of the 53rd UAE National Day, We extend our warmest congratulations to the leadership, citizens, and residents of the United Arab Emirates. This day marks not just the unification of a nation but the remarkable journey of progress, innovation, and unity that has made the UAE a beacon of prosperity and a source of inspiration for the world.



Under the wise leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President of the UAE and Ruler of Dubai, the UAE has achieved milestones that reflect the power of vision, dedication, and collective effort.



The UAE National Day serves as an opportunity to express gratitude to the leadership and the people of the UAE for their unwavering support of Lebanon and its citizens. Their recent assistance in alleviating the hardships faced by displaced persons during the war on Lebanon reflects their deep sense of solidarity and humanitarian commitment.



May this beloved nation continue to thrive, building on its legacy of tolerance, development, and global contribution. Wishing the UAE and its people further success, peace, and prosperity in the years to come.



Happy UAE National Day!

29/11/2024

Letter from the CEO, Professor Jihad Faitrouni

Today, we reach out to you not just as a business, but as part of a shared community, to acknowledge a profoundly important moment for Lebanon. After enduring the trials of conflict, our beloved country is embracing a new dawn of peace and hope.

The end of hostilities marks a new beginning—a time to come together with strength, resilience, and hope. It reflects the enduring spirit of our people, who have endured and persevered through even the toughest challenges.

As Lebanon moves forward, we are reminded of the power of partnerships and the trust that connects us. Your unwavering support has been a cornerstone of our journey, and we are deeply grateful for your solidarity through moments of uncertainty. Together, we have weathered storms, and together, we will rise stronger.

Peace offers an opportunity for renewal. It brings with it the chance to rebuild not only infrastructure but also the trust and cooperation that bind communities. It calls on us to innovate, to dream, and to act with purpose, ensuring that the lessons of the past guide us toward a more harmonious future.

At this moment of transformation, we reaffirm our commitment to serving you with excellence, contributing to the rebuilding of our nation, and fostering sustainable growth. Your partnership is not just a business relationship; it is a testament to shared values and a common vision for a better tomorrow.

Thank you for standing with us. Together, let us embrace this new era with optimism, compassion, and the resolve to create lasting impact.

21/11/2024

Letter from the CEO:

As we celebrate our Independence Day, our hearts are filled with both pride and solemnity. This day, which marks our nation’s birth and the hard-won freedoms we cherish, holds an even deeper meaning during these challenging times of war.

We stand in solidarity with those who have made sacrifices and with the communities that come together in resilience and support.

In the face of uncertainty and conflict, our shared values become the unbreakable threads that bind us. We are grateful for the unity and the strength of a nation that has faced adversity before and continues to rise, determined to protect the land we love.

Today, let us renew our commitment to our country and to one another. May we find inspiration in our shared history, both past and present, by cherishing and upholding the freedoms we hold.

Happy Independence Day. Let freedom ring, now and always.

21/11/2024

The CEO Mr. Jihad Faitrouni of UIS a full-service consultancy firm based in Beirut. UIS offers a wide range of business consultancy and insurance management services to clients in the Middle East, focusing on business success and risk minimization. Mr. Faitrouni will be attending the Digital insurance MENA that will be held in Dubai where he will be participating as a speaker for the following topics

The Future of Workforce in Insurance: Tech, Culture, and Capabilities in Transformation

Scheduled on 16 December at 17:45-18:15

From Risk Transfer to Risk Prevention: Transform Insurance Values through Digital Technologies

Scheduled on 17 December at 15:05-15:35



Digital insurance MENA is a great platform to connect, inspire and promote digital transformation in MENA insurance industry, Mr Faitrouni is looking forward to join the Digital insurance MENA that will be held in Dubai

13/11/2024

Exclusive interview with CEO of UIS insurance Mr. Jihad Faitrouni with Abu Dhabi TV Al Zafra.

1.Tell us about the responsibilities of the driver and the insurance company in minor accidents?

The vehicle owner must follow specific legal procedures when an accident occurs. This adherence is crucial to ensure both the protection of the driver's rights and the insurance company's interests. Insurance companies have set processes to protect themselves and the insured.

2. Does insurance refuse to pay during accidents in cases such as moving the car from the scene of the accident in minor accidents?

if an accident obstructs traffic, the law permits moving the vehicle to a safe location. However, doing so may complicate the accident investigation, as physical evidence is critical in determining responsibility. it will be difficult for experts to assign responsibility.


3. Is it sufficient to prove to the insurance companies who is affected and who is responsible? Or there’s other procedures required by the insurance company?

While reports and dialogues help determine fault, additional protective measures are often required. Insurance companies take precautions to avoid manipulation of evidence. The law ensures fair treatment for all parties.


4.What are the cases that allow insurance companies to recover accident compensation?

When multiple insurance companies are involved, the responsible party's insurer is liable to cover the damages. This is referred to as rehabilitation, where insurers resolve claims based on contractual agreements and liability.


5. What is the solution if the driver's license expires and the car insurance continues and an accident occurs, how is this matter dealt with?

Drivers must keep their licenses valid. Authorities issue reminders about expiration and fines are imposed for delays (10 dirhams per day). In cases of accidents with an expired license, the situation is reviewed to find a fair resolution, considering the reason behind the non-renewal.


6. How is intentional accident proven by the insurance company, which is one of the cases that the insurance company is not obliged to compensate for?

Insurance companies use technology and regulatory support to investigate and detect fraudulent claims. Proven intentional accidents are not covered, and companies rely on accumulated market experience to handle these cases efficiently.

05/11/2024

Dr. Jihad Faitrouni, a university lecturer in the field of risk and CEO of UIS Insurance, was interviewed by Al Emirates News, he stressed on the importance of addressing some of the challenges associated with the new decision, including lack of experience and increased risks, as he stated that young people at this age of 17 may not have enough maturity to deal with risks on the road, which may increase traffic accidents, and challenge social pressure and impulsiveness.
He said: "This group of age can face social pressures to carry out dangerous practices, such as racing or driving at excessive speed, as well as the challenge of affecting the environment, as the decision may contribute to increasing the use of cars and air pollution as more drivers enter the roads, and despite the positives, qualifying young people and ensuring the availability of good training and safety standards remains necessary to reduce the potential negatives."

28/10/2024

73.3% share of written premiums by national insurance companies.

Exclusive interview with Professor Jihad Faitrouni, CEO of UIS, with ALETIHAD NEWS.

https://www.aletihad.ae/news/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A/4525124/-73-3-%D8%AD%D8%B5%D8%A9-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%A3%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%A3%D9%82%D8%B3%D8%A7%D8%B7-%D8%A7%D9%84%D9%85%D9%83%D8%AA%D8%AA%D8%A8%D8%A9

18/10/2024

Dear valued partners,

Kindly find below link to our UIS guide is designed to provide practical steps for businesses across various sectors to adapt to real-time threat during the current wartime situation in Lebanon that is facing.

In light of the challenging times our country is facing, UIS remains committed to being at the forefront, providing unwavering support to our partners as we navigate these difficulties together. To further assist in overcoming these obstacles and ensuring everyone's safety, we are pleased to offer our awareness guide as a valuable resource.

By following these practical steps, companies can navigate the complexities of crisis management, ensure operational resilience, and safeguard their employees.

https://uismanagement.com/uis-safety-awareness-guide/

11/10/2024

Insights into the insurance sector in the UAE with our CEO professor Jihad Faitrouni.

https://uismanagement.com/insights-into-the-insurance-sector-in-the-uae-with-our-ceo-professor-mr-jihad-faitrouni/

02/10/2024

Professor Jihad Faitrouni, CEO of UIS, revealed in an interview with Al-Nahar that the insurance market in the Gulf is valued at $25-30 billion, with the UAE and Saudi Arabia leading the region. In contrast, insurance markets in countries like Egypt, Morocco, and Jordan are smaller but growing, with Egypt's market size estimated at $2-3 billion. The total Arab insurance market is approximately $35-40 billion.

Mr. Faitrouni emphasized the significant role of technological advancements, including AI and data analytics, in enhancing the efficiency and customization of services in the Arab insurance sector. Population growth and economic stability, particularly in oil-rich countries, are driving increased demand for insurance products, such as health, life, and property insurance. Regulatory improvements and growing public awareness of the importance of insurance also contribute to market development.

However, challenges persist, including low awareness of insurance in less developed countries, lack of advanced legislation, and fluctuating oil prices, which can reduce demand. Additionally, geopolitical instability in countries like Lebanon, Syria, and Yemen poses risks to insurance operations. Competition in the UAE and Saudi markets has led to price cuts that may affect service quality.

The most in-demand insurance products in the Arab region include health, car, life, property, and Takaful insurance. Countries like the UAE and Saudi Arabia stand out due to their strong insurance markets, while Qatar and Kuwait are also witnessing significant growth, particularly in Takaful and commercial insurance.











https://lnkd.in/d8GEbnxY

24/09/2024