UIS Unlimited Insurance Services

Professor Jihad Faitrouni CEO of UIS attended this week the Digital Insurance MENA 2024 conference that took place in Dubai. He was a speaker & spoke about two major subjects: The Future of Workforce in Insurance: Tech, Culture, and Capabilities in Transformation From Risk Transfer to Risk Prevention: Transform Insurance Values through Digital Technologies   This conference proved to be an invaluable experience for the insurance sector, bringing together a diverse group of speakers from various countries who generously shared their insights and expertise. The discussions and presentations contributed significantly to empowering the insurance industry as a whole. The collaborative spirit of the conference highlighted the potential for innovation and growth within our sector, fostering connections that he believe will lead to future advancements.   @ReetikaPaliwal  @ZeinShiyyab @philipStory @HusainAlajmi @AbdealiMerchant @RamesshRamakrishnann  @ShimaAra @SajithKumar @DennisSebastian @IlanOssin @MuhammadAshfaq-Ur-Rehman  @HelenHu @jihadfaitrouni   #digitalinsurancemena2024 #conference #event #UAE #Dubai #presentations #speakers #connections #insurance #experience #knowledge #discussion #empowering #collaborativespirit #countries #people #insight #expertise #opportunity #risktransfer #riskprevention #transformation #technology #culture #workforce

Mr. Jihad Faitrouni CEO of UIS analysed UAE insurance sector and said it is a critical economic pillar, with this analysis focusing on insurance revenue, net profit trends, and market share dynamics for Q3 2023 and Q3 2024 plus a comparison between the three big insurance companies in UAE : Orient which leads in both revenue and profitability, showcasing operational efficiency. ADNIC which emerged as a stronger competitor, narrowing the gap in revenue but trailing in net profit. Sukoon which faces challenges in maintaining competitiveness amid declining net profit and stagnant growth. #insurance #insuranceregulators #insuranceauthorities #reinsurance #brokers #loyds #centralbank #uae #comparison #economy #orient #adnic #sukoon #challenges #netprofit #growth #revenue #competitor #operational #marketshare

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! #UAEnationalday #53uaenationalday #HighnessSheikhMohammedbinZayedAlNahyan #HighnessSheikhMohammedbinRashidAlMaktoum #nation #Lebanon #celebration #solidarity #prosperity #development #humanitarian #assistance #support #peace #war #citizens #leadership #innovation #progress

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. #solidarity #freedom #Lebanon #war #peace #Community #compassion #optimism #transformation #nation #growth #conflict #businessrelation #customers #partners #rebuilding #effort #dream #reality

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. #independanceday #freedom #future #nation #support #solidarity #history #warinlebanon #lebanon #peace

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 #digitalinsurancemena2024 #conference #speaker #dubai #UAE #riskprevention #transformation #technology #Culture #knowledge #future #workforce #riskminimisation #MENA #digitaltechnologies

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. https://lnkd.in/dXH7YdAP #insurance #accident #drivinglicense #marketexperience #alzafra #abudhabitv #liability #accidents #car #traffic #investigation #responsibility #driver #insurancecompany #law #authority

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." #emiratesalyoumnews #driving #challenges #trafficaccidents #roads #accidents #risk #stress #UAE #car #socialpressure #lackofexpertise #youngage

73.3% share of written premiums by national insurance companies. Exclusive interview with Professor Jihad Faitrouni, CEO of UIS, with ALETIHAD NEWS. https://lnkd.in/d6xymisP #aletihadnews #takafulinsurance #insurance #sharia #market #liabilityinsurance #personalinsurance #centralbankofuae #uae #uaenationalinsurance #propertyinsurance #liabilityinsurance #statistics #data

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.     #lebanoncrisis #lebanonwar #resource #awarness #employees #crisis #guide #safeguard #obstacles