Latest news with #SukoonInsurance
Zawya
09-04-2025
- Business
- Zawya
Coface to host country risk conference in Dubai to discuss global trade and risk management trends for 2025
Dubai, UAE – Coface, a global leader in trade credit risk management, will hold its Country Risk Conference at the prestigious One & Only Royal Mirage Hotel in Dubai on April 15th 2025. The Country Risk Conference is Coface's recognized flagship event gathering every year top business experts and economists to analyze the major risks that companies face today. Featuring a panel of prominent speakers, the event will provide essential information on the global trends - geopolitical, economic and technological - that will shape the business landscape in the months ahead. The organization of the Dubai edition benefits from the invaluable support of our partner Sukoon Insurance. Navigating Uncertainty in Global Trade For over 75 years, Coface has been at the forefront of trade credit insurance, debt collection, and business information services, helping businesses worldwide grow and thrive in uncertain economic conditions. Today, Coface supports 100,000 clients across approximately 200 markets, offering solutions to develop business, both domestically and abroad, through an effective credit risk management. As businesses grapple with economic instability, supply chain disruptions, and evolving financial risks in 2025, this press conference will serve as a crucial platform to address these challenges from both a regional and global perspective. Jean-Christophe Caffet, Coface Group Chief Economist, will drive us 'into the wild', providing a global outlook on latest trends and the scenarios of global commerce, while Seltem İYİGÜN , Coface Senior Economist for the Middle East and Türkiye, will focus on the challenges of the Middle East amid rising global uncertainties. This year's agenda also includes a round table on the Economic Impact of Artificial Intelligence, with a panel of experts and business leaders analyzing the risks and opportunities of generative AI in business and trade. 'With geopolitical and economic uncertainties on the rise, businesses must adopt proactive risk management strategies,' said Sandrine Sarikey, Country Manager GCC & Egypt 'This event will serve as a valuable forum for exchanging deep insights from seasoned experts and local business leaders to help companies navigate today's challenges and secure their financial future. At Coface, we continue to closely monitor the evolution of trade with the aim of supporting businesses operating in complex markets through targeted risk management solutions.' Jean-Louis Laurent Josi CEO SuKoon said ' In an ever – challenging economic landscape, understanding and managing risks and trade credit risk in particular is a necessity and Coface Country Risk Conference is an event that can give insights and guidance to companies. As we strive to become reference in the region for excellent customer service, the attention to our clients is a key element of each business lines' Coface's mission is to help businesses navigate complex financial environments by providing innovative solutions and expert insights. This conference in Dubai underscores the company's dedication to fostering secure and profitable trade worldwide, equipping businesses across the Middle East region with the tools and knowledge they need to thrive in 2025 and beyond. COFACE: FOR TRADE As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment. Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets. In 2024, Coface employed ~5 236 people and recorded a turnover of ~€1.84 billion.
Khaleej Times
10-02-2025
- Business
- Khaleej Times
UAE: New AI tool to scan heart rate, blood pressure of life insurance applicants via video
UAE residents planning to purchase life insurance will no longer have to undergo medical tests, thanks to artificial intelligence (AI) technology which is transforming our daily lives. A UAE insurer has introduced an AI-powered face scanning feature which measures key health metrics like heart rate, blood pressure, and respiration rate of life insurance applicants in the country through videoconference. Launched by Sukoon Insurance, this new AI-powered tool eliminates the need for traditional medical exams, making the application process more convenient and efficient. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 'Initially, we've set specific age bands and sum assured limits for policies that will eliminate the need for medical tests. As this is a pioneering approach, we will progressively explore expanding the scope of medical test exemptions,' said Emmanuel Deschamps, executive vice president and head of individual life and workplace saving at Sukoon, which claims to be the first insurer to introduce this technology in the UAE. He added that this solution is currently exclusively for individual life insurance policies. The UAE's public and private sectors have been aggressively pursuing AI to benefit from this revolutionary technology, making the country a hub for responsible AI adoption. According to a study by Trends Research and Advisory, the UAE's AI market is expected to reach $46.33 billion by 2030 on the back of a strong push from the National AI Strategy 2031 and advanced innovation centres. 'Sukoon covers the cost of medical tests, offering significant savings to customers. More importantly, it provides unparalleled convenience, allowing applicants to complete the process from anywhere,' he said, adding that only customers within specific age bands are required to take this test, based on the desired sum assured. In 2024, Sukoon registered gross written premiums (GWP) of Dh5.84 billion. It was rated A by Standard and Poor's and A2 by Moody's. Deschamps added that integrating AI within the videoconferencing tool is a testament to the company's digital approach for greater flexibility and convenience for our customers.
Arabian Business
05-02-2025
- Business
- Arabian Business
Sukoon uses AI to eliminate medical exams in life insurance
Dubai-headquartered Sukoon Insurance has launched a new AI-powered face-scanning feature that eliminates the need for costly and time-consuming medical exams while applying for life insurance, making the whole process faster and simpler. The company has partnered with One Call, a leading provider of technology solutions for the life and health insurance sector, to develop this cutting-edge technology. It is integrated into the insurance provider's existing videoconferencing system and analyses a short video of the applicant's face to measure key health metrics like heart rate, blood pressure, and respiration rate. Executive Vice President Head of Individual Life and Workplace Saving Emmanuel Deschamps, commented: 'The new AI integration within the videoconferencing tool is a testament to Sukoon's digital approach, for greater flexibility and convenience of our customers. 'It solidifies Sukoon's dedication to enhancing the user experience of our clients.'
Zawya
29-01-2025
- Business
- Zawya
SUKOON launches go saver employee money purcase scheme through a dedicated subsidiary in DIFC
Sukoon Workplace Savings Solutions Limited (SWSS), a fully owned subsidiary of Sukoon Insurance, has launched GO SAVER Employee Money Purchase Scheme, serving corporates in Dubai International Financial Centre (DIFC). Designed to provide secure end-of-service benefit and workplace savings, GO SAVER aims at putting employees' and employers' financial protection at the forefront. With GO SAVER, employees will have access to a diversified choice of investments that have been carefully designed. The offering features a fully capital protected option provided by Sukoon Insurance and Generali Global Pension, a selected list of independent funds, including Shariah-compliant solutions, and a range of risk-based portfolios offered by Franklin Templeton, designed to cater to diverse risk appetites. GO SAVER is operational and available to clients. It is built on a comprehensive framework that complies with applicable regulations. While acting as the plan administrator, Sukoon Workplace Savings Solutions Limited has partnered with CSC which provides the trustee and operator services. This unique proposition demonstrates Sukoon's unwavering commitment to improve the labour market in the UAE, by enhancing the financial well-being of employees. Emmanuel Deschamps, Chairman of SWSS commented, "The launch of GO SAVER marks a significant milestone in our ambition in the workplace savings landscape. What has been driving us and will continue to drive us is to offer solutions in the UAE which are in line with highest international standards. We are happy to partner with globally renowned companies to launch this plan. I am confident that GO SAVER will provide a competitive advantage to clients and help us in becoming a reference in the region for exceptional customer service'. ABOUT GO SAVER The Go-Saver EMP Scheme (GO SAVER), established as a DIFC trust, is a DFSA approved Employee Money Purchase Scheme and has been granted Alternative Qualifying Scheme status by the Dubai International Financial Centre Authority. ABOUT SUKOON WORKPLACE SAVINGS SOLUTIONS Sukoon Workplace Savings Solutions Limited (SWSS) is regulated by the DFSA to provide administrator services and is a fully owned subsidiary of Sukoon Insurance, one of the leading insurers in the Middle East established in the UAE in 1975. Sukoon is committed to providing outstanding insurance solutions that help create and protect wealth and wellbeing. The Dubai-based company aims to achieve this mission by serving businesses and individuals with a team of 700+ professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, an e-commerce platform, and a dedicated call centre. In 2023, Sukoon registered a solvency ratio of 272 percent and exemplary ratings from Standard and Poor's (A rated), and Moody's (A2 rated). The results clearly demonstrate the company's financial soundness, robustness in risk management processes, effective governance, and ability to serve its clients effectively in the long run. ABOUT CSC CSC is the world's leading provider of business administration and compliance solutions. Privately owned and proud have celebrated our 125th anniversary in 2024, we're more than 8,000 people strong, with capabilities in more than 140 global jurisdictions. CSC provides the trustee and operator services via their wholly owned subsidiary CSC Trustee Services (Middle East) Limited, which is regulated by the DFSA, and licensed to provide operator services to GO SAVER. CSC's Executive Compensation Services team, who manage the operator, provide comprehensive specialist support for share plans, pension and savings plans, deferred compensation, and carried interest plans. The team consist of highly skilled and experienced professionals who understand the complexity of ever-changing rules and regulations, and who provide end-to-end trustee management and plan administration services. For more information about CSC, please visit us at ABOUT FRANKLIN TEMPLETION Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives, and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.6 trillion in assets under management as of December 31, 2024. For more information, please visit
Khaleej Times
29-01-2025
- Business
- Khaleej Times
Dubai: New gratuity investment scheme launched to boost employees' savings
A new saving and investment scheme has been introduced in Dubai to boost employees' end-of-service benefits. Sukoon Workplace Savings Solutions Limited (SWSS), a subsidiary of Sukoon Insurance, has launched a capital-protected 'Go Saver Employee Money Purchase Scheme', which caters to companies and employees in the Dubai International Financial Centre (DIFC). Stay up to date with the latest news. Follow KT on WhatsApp Channels. This is the second saving plan introduced for the employees based in the free zone after Dews. The SWSS aims to expand its reach to mainland UAE and other free zones in the future. Under Sukoon's Go Saver plan, employees will have access to a diversified choice of investments. The offering features: A fully capital-protected option provided by Sukoon Insurance and Generali Global Pension A selected list of independent funds, including Shariah-compliant solutions A range of risk-based portfolios offered by Franklin Templeton, designed to cater to diverse risk appetites Emmanuel Deschamps, chairman of the SWSS, said the plan 'will provide a competitive advantage' to customers.
