ADNICAbu Dhabi National Insurance Company (United Arab Emirates; also seen as ADNI)
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Ahmad Idris, Chief Executive Officer of ADNIC said, "We are delighted to be the first insurance company to partner with The Fund in the UAE.
Abdullah Al Nuaimi, Chief Corporate Marketing and Communications Officer at event sponsor Abu Dhabi National Insurance Company, said: "The health and wellbeing of the nation is at the heart of the ADNIC Yas Run and we are dedicated to ensuring that young people of the UAE have access to this unique event that focuses on promoting a healthy lifestyle.
Being one of the first private insurance companies to sign such an agreement with SEHA will represent a new milestone in our efforts to respond to the evolving needs of our growing medical insurance customer base, said Walid Sidani, Chief Executive Officer of ADNIC.
The company incurred impairments amounting to Dh307 million on assets available for sale during the first two quarters of the current year, an ADNIC statement posted on the website of the Abu Dhabi Stock Exchange said.
While it is expected that ADNIC will return to technical profitability in 2016, the company will be challenged to produce robust results given the fierce competition in the UAE market.
The introduction of Protect Plus follows the renewal of the partnership between Emirates NBD and ADNIC in which the Company provides protection for loans and certain life events to the bank's retail customer base through a series of bundled insurance products.
For the first half of 2015, ADNIC reported a Net Underwriting Loss of AED 248 million compared to a Net Underwriting Profit of AED 149 million for the same period last year.
Aa According to company officials, the changes will also help differentiate ADNIC from other insurance companies by clearly outlining its competitive advantages.
Our priority is to ensure that ADNIC is positioned amongst the regional market leaders by leveraging on our innovative capabilities and differentiated offering.
Furthermore, the hospital accepts all major insurances (including Daman Insurance, Oman Insurance, Nextcare, NAS, ADNIC, Alico) on over 40 treatments.
ADNIC has been at the forefront with its innovative product.
The agreement enables ADGM and ADNIC to collaborate closely on a cross a range of technology-related initiatives that serve to support entrepreneurs, start-ups and technology firms who are active in the insurance and related industry.