Hashim Mohamedkutty

Insurance brokers play a crucial role in the insurance market in the UAE acting as intermediaries between insurance companies and customers. #AdvisoryServices - Brokers provide expert advice to clients on the best insurance products to meet their needs. They assess the client's requirements, financial situation and risk profile to recommend suitable policies. #MarketResearch - Brokers conduct thorough market research to identify and compare various insurance products from different insurers. This enables them to offer clients a wide range of options and the best coverage at competitive prices. #PolicyNegotiation -Brokers negotiate terms and premiums with insurance companies on behalf of their clients. They leverage their knowledge and relationships with insurers to secure favorable terms and better coverage. #ClaimsAssistance -Brokers assist clients in the claims process, ensuring that claims are filed correctly and efficiently. They act as advocates for their clients, helping to resolve any issues and ensuring timely settlement of claims. #RiskManagement -Brokers provide risk management services, helping clients identify potential risks and recommending strategies to mitigate them. This includes advising on appropriate coverage levels and additional protections. #ComplianceandRegulatoryGuidance -Brokers ensure that their clients' insurance policies comply with local regulations and industry standards. They stay informed about regulatory changes and help clients navigate the legal aspects of insurance. #CustomerEducation-Brokers educate clients about insurance products, terms, and conditions. They help clients understand the coverage they are purchasing and their rights and responsibilities under the policy. #RenewalManagement-Brokers manage policy renewals, ensuring that clients' coverage remains current and adequate. They review existing policies, recommend adjustments if needed, and negotiate renewal terms with insurers. #CustomizedSolutions- Brokers offer tailored insurance solutions to meet the specific needs of individual and corporate clients. This can include creating bespoke policies or arranging complex insurance packages for large organizations. #AdministrativeSupport-Brokers handle administrative tasks related to insurance policies, such as documentation, policy issuance, and record-keeping. This relieves clients of the administrative burden and ensures accuracy and efficiency. #BuildingRelationships-Brokers maintain strong relationships with both clients and insurers. Their network and industry connections enable them to provide better service and more advantageous terms for their clients. #TrainingandDevelopment-Brokers continually update their knowledge and skills through professional development and training remaining current with industry trends, regulatory changes, and new insurance products. In the UAE, insurance brokers must be licensed and regulated by the UAE Insurance Authority (IA). ☎️ 0503542100

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Why You Should Never Let Your Car Insurance Lapse: Essential Insights for Vehicle Owners 🚗 Attention Vehicle Owners! 🚗 With the recent increase in rainfall and flooding risks, motor insurance underwriting in the UAE has become stricter, leading to higher premiums. Here’s why it’s crucial to renew your car insurance without any breaks: 1. Avoid Higher Premiums 💸 Breaks in insurance coverage can lead to higher premiums when renewing your policy. Continuous coverage often results in better rates and is viewed positively by insurers. 2. Simplify the Renewal Process 📝 Continuous coverage simplifies the renewal process. A break may require additional documentation such as: Videographs or Current Dated Photographs: Evidence that the vehicle is in perfect condition and has not been damaged in recent rains. Vehicle Inspection Certificate : Need to make sure that vehicle is passed and free of any damages Flood Declaration: Many leading insurers now require a declaration confirming that your vehicle hasn't been damaged in recent floods. 3. Ensure Comprehensive Protection 🌧️ Consistent comprehensive insurance ensures protection against natural disasters like rain and floods, which are not typically covered by basic Third-Party Liability insurance. 4. Maintain Peace of Mind 🛡️ Knowing your vehicle is continuously covered allows you to drive with less worry about potential financial losses from accidents or adverse weather conditions. Avoid gaps in coverage that can leave you financially vulnerable. 5. Expand Your Options 📋 Breaks in insurance coverage can limit your options. Some insurance companies may decline your application or take longer to approve it if there has been a lapse in coverage. Maintaining continuous insurance ensures you have more choices and a streamlined approval process. Stay safe and drive with confidence! 🚘🔒 #CarInsurance #VehicleSafety #InsuranceTips #UAE #RainySeason #FinancialProtection #PeaceOfMind #InsuranceCoverage #DriveSmart #insurtech

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Know Your Basic Medical Insurance Rules in Dubai! Staying informed about basic health insurance in Dubai is essential, whether you're a sponsor or a resident. Here’s a quick rundown of the rules as per the Dubai Health Authority (DHA). ✅ Mandatory for Everyone:Every Dubai resident must have health insurance – no exceptions! ✅ Sponsor’s Responsibility:It’s the **sponsor’s duty (employer for employees or individual sponsors for dependents) to provide health insurance. ✅ Basic Plan for Low-Income Workers: Employees earning less than AED 4,000 a month are entitled to a basic plan that covers doctor visits, emergencies, and medication. ✅ Family Coverage:Sponsors must ensure their dependents, such as spouses, children, and domestic workers, are covered under an insurance plan. ✅ Pre-existing Conditions:Declared pre-existing conditions are covered after a waiting period of 6 months in essential benefit plans. Make sure you're following the DHA guidelines and keeping yourself and your family protected! 💼🏥 #HealthInsurance #DubaiHealthAuthority #DHA #HealthcareDubai #InsuranceRules #Covermatch #dubai #health #welness

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What insurances should new businesses be aware of in UAE? More and more individuals are starting businesses in the UAE. While starting a business is risky, and most individuals who venture into this profession are ready to take on those risks, it is surprising how many do not focus on risk mitigation for their businesses. Investing in the right insurance products is one of the best ways to ensure your efforts and money in building a business are not wasted. Here are a few insurance products that you as an entrepreneur should be looking at to mitigate risk at your business: - General Liability Insurance - Property Insurance - Business Interruption Insurance - Professional Indemnity Insurance - Cyber Liability Insurance - Directors and Officers Liability Insurance - Key Person Insurance - Money Insurance - Group Medical Insurance (Mandatory) - Workmens Compensation Insurance Many businesses do not purchase these insurances, and when something unfortunate happens, companies struggle to contain the losses. Remember, take the risk to start a business, but do not put your business at risk. ----- Contact me if you are an entrepreneur looking to start a business in the UAE. Let's discuss how we can mitigate the risks before they arise using the right insurance products and coverages.

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Essential Insurance for Startups in the UAE Starting a business in the UAE comes with many responsibilities, and one of the most important is ensuring you have the right insurance in place. Here are the mandatory coverages every startup should be aware of: Health Insurance: As per UAE law, providing health insurance for all employees is mandatory. This ensures that your team has access to necessary medical care. Workmen's Compensation: Protects your business by covering medical costs and lost wages if an employee is injured at work. Third-Party Liability Insurance: Depending on your industry, you may need this coverage to protect against claims for damage or injury caused to others by your business operations. Motor Insurance: If your startup owns company vehicles, insuring them is a legal requirement. Getting these essential coverages in place not only keeps you compliant but helps safeguard your business as it grows. #Startup #UAEBusiness #BusinessEssentials #HealthInsurance #WorkplaceSafety

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Engage, Enlighten, Empower - Tune in to Dubai Talk FM 100.3 and discover how LIC International BSC's New Plan Life Protect Term Plan can secure your family's happiness for less than the cost of a cup of tea. #lifeinsurance #insurance #terminsurance #familyhappiness #lifesecurity

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Here’s an example of how one of Allianz Trade in Middle East clients was able to increase market share and grow his bottom line by 15% just with the help of his Trade Credit Insurance policy. It’s simple….if your business requires you to offer credit to your clients then you need Trade Credit Insurance. #tradecredit #traders #uae #insurance #trade #protection

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🌟 Health Insurance for Startups in the UAE: Why It Matters and How to Choose Wisely 🌟 In the UAE, health insurance is not just a benefit—it's a legal requirement. For startups and growing businesses, ensuring your team has access to quality healthcare is essential not only for compliance but also for building a productive and loyal workforce. 🔹 Why Health Insurance is Mandatory The UAE’s health insurance law mandates that all employees must have coverage. This requirement ensures that every worker can access medical care when needed, reflecting the country’s commitment to public health and safety. 🔹 Balancing Cost and Benefits Finding the right health insurance plan for your startup can be challenging. Here are a few tips to strike the perfect balance between cost and benefits: Assess Your Needs: Evaluate the specific needs of your team. Consider factors such as age, health conditions, and the types of coverage required. Compare Plans: Use insurance comparison tools to review different plans. Look for options that offer comprehensive coverage while fitting your budget. Consult Experts: Engage with insurance partners who specialize in startup health insurance. Their expertise can help you navigate the options and find the best plan. Consider Flexibility: Choose plans that offer flexibility in coverage and network access, allowing your employees to receive care at their preferred facilities. Evaluate Employee Feedback: Involve your team in the decision-making process. Their feedback can provide valuable insights into what coverage they find most beneficial. Providing health insurance not only ensures compliance but also demonstrates your commitment to your team's well-being. It’s an investment in your startup's future success! Looking for a smart way to compare health insurance options for your team? Reach out to Covermatch for expert guidance and start building a healthier future for your startup today! #HealthInsurance #Startups #UAE #EmployeeBenefits #BusinessGrowth #Insurance #StartupLife #Covermatch

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RAPID GROWTH IN INSURANCE SECTOR: The rapid growth in the insurance sector has been driven by several key factors: 1. Economic Growth: As economies expand, individuals and businesses become more capable of purchasing insurance products. Increased disposable income and investment in assets contribute to higher insurance demand. 2. Awareness and Education: Greater awareness of risks and the importance of insurance has led to more people seeking coverage. Educational campaigns and the increased availability of information online have empowered consumers to make informed decisions. 3. Technological Advancements: The rise of insurtech has transformed the insurance landscape. Technology has streamlined processes, enhanced customer experience, and improved risk assessment through data analytics and artificial intelligence. Digital platforms make it easier for customers to compare and purchase policies. 4. Regulatory Changes: In many regions, deregulation has provided opportunities for new products and competition within the insurance market. Governments are also recognizing the importance of insurance in economic stability and are encouraging innovation. 5. Healthcare Revolution: The health insurance sector has seen significant growth due to rising healthcare costs and an aging population. This trend has increased demand for comprehensive health coverage. 6. Personalization and Customization: Insurers have started to offer more personalized products tailored to individual needs, allowing for more targeted marketing strategies and improved customer satisfaction. 7. Emerging Risks: The rise of new risks, such as cyber threats, natural disasters, and climate change, has created demand for specialized insurance products. As businesses and individuals seek to protect themselves against these risks, the market has expanded. 8. Globalization: As businesses operate in a global economy, their insurance needs have also evolved. Multinational corporations require coverage across various jurisdictions, leading to an increased offering of international insurance products. Overall, the insurance sector's growth is likely to continue as it adapts to changing consumer preferences, advances in technology, and emerging global risks.

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𝐈𝐬 𝐁𝐮𝐫𝐣 𝐊𝐡𝐚𝐥𝐢𝐟𝐚 𝐬𝐜𝐫𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐤𝐲? 𝐂𝐡𝐞𝐜𝐤.  𝐏𝐚𝐥𝐦 𝐉𝐮𝐦𝐞𝐢𝐫𝐚𝐡'𝐬 𝐥𝐮𝐱𝐮𝐫𝐢𝐨𝐮𝐬 𝐚𝐫𝐜𝐡𝐢𝐩𝐞𝐥𝐚𝐠𝐨? 𝐃𝐨𝐮𝐛𝐥𝐞-𝐜𝐡𝐞𝐜𝐤.  It’s evident that Dubai's property market is a head-turning marvel of innovation.     However, with such ambitious projects, more than traditional property insurance might be needed. Let's discuss megacity risks and how to keep your investments safe!     𝑻𝒉𝒊𝒏𝒌 𝒂𝒃𝒐𝒖𝒕 𝒊𝒕 𝒕𝒉𝒊𝒔 𝒘𝒂𝒚: Would you use a flip phone for 5G? Exactly. The same goes for property insurance in a rapidly growing metropolis.     𝑯𝒆𝒓𝒆’𝒔 𝒘𝒉𝒂𝒕 𝑰 𝒐𝒇𝒕𝒆𝒏 𝒕𝒉𝒊𝒏𝒌 𝒂𝒃𝒐𝒖𝒕:   ◘𝗨𝗻𝗳𝗼𝗿𝗲𝘀𝗲𝗲𝗻 𝗚𝗿𝗼𝘂𝗻𝗱 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀: Dubai's desert foundation can surprise even the most seasoned developers. Imagine hitting unexpected rock formations during construction! A comprehensive policy with coverage for these surprises is crucial.   ◘𝗧𝗵𝗲 𝗚𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗦𝗵𝘂𝗳𝗳𝗹𝗲: The world's a crazy place, and Dubai isn't immune. As industry experts point out, shifting global politics can impact insurance rates and risk assessments. Think of it as a financial weathervane – you must stay updated!  Okay, so what can you do?  Here is how you can craft your Dubai property insurance plan:   ◘𝗗𝗼𝗻'𝘁 𝗯𝗲 𝗮 𝗟𝗼𝗻𝗲 𝗥𝗮𝗻𝗴𝗲𝗿: Dubai's insurance landscape is vast. Partner with a local broker who knows the ropes. They'll be your insurance Obi-Wan Kenobi! (hope you got the Star Wars reference?) ◘𝗧𝗮𝗶𝗹𝗼𝗿𝗲𝗱 𝗶𝘀 𝘁𝗵𝗲 𝗡𝗮𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗚𝗮𝗺𝗲: Generic policies are about as helpful as the 2909 steps in the Burj Khalifa. Ensure your coverage reflects your property's specific risks and construction type. vs. ️ makes a big difference!  ◘𝗗𝗼𝗻'𝘁 𝗦𝗲𝘁 𝗜𝘁 𝗮𝗻𝗱 𝗙𝗼𝗿𝗴𝗲𝘁 𝗜𝘁: Dubai's skyline is ever-changing, and so should your insurance plan. Schedule annual reviews to adapt to the latest risks. Think of it as spring cleaning for your financial security!  𝑯𝒂𝒗𝒆 𝒚𝒐𝒖 𝒆𝒏𝒄𝒐𝒖𝒏𝒕𝒆𝒓𝒆𝒅 𝒂𝒏𝒚 𝒖𝒏𝒊𝒒𝒖𝒆 𝒄𝒉𝒂𝒍𝒍𝒆𝒏𝒈𝒆𝒔 𝒚𝒆𝒕? 𝑯𝒐𝒘 𝒂𝒃𝒐𝒖𝒕 𝒂 𝒄𝒂𝒍𝒍 𝒕𝒐 𝒅𝒊𝒔𝒄𝒖𝒔𝒔 𝒕𝒉𝒆 𝒄𝒉𝒂𝒍𝒍𝒆𝒏𝒈𝒆𝒔?  Article link to read more: https://lnkd.in/dUQhjxqC  #dubaiproperty #propertyinsurance #megacityrisks #investmentprotection #insurancebroker  

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As #Dubai gears up for the arrival of over 100 #flyingcars by 2025, transforming urban mobility, the need to adapt insurance solutions becomes evident. These vehicles merge the complexities of aviation with everyday road travel, presenting unique challenges for insurers. At Diot Siaci Middle East, we closely monitor these innovations to understand the evolving risks and opportunities. As we move towards the roads—and skies—of tomorrow, we remain committed to developing insurance solutions as advanced as the vehicles themselves. #FutureOfTransport #InnovationInInsurance

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Do you know the importance of having medical insurance? Medical insurance is almost an essential requirement in places like the UAE. The government recognizes this, and hence, it has been made mandatory for companies to provide this insurance for all of their employees. But still, there are instances where the coverage is inadequate or issues with delays. This is why it is essential to identify and pick the right medical insurance for your business. Medical insurance provides safety for your employees and lowers their costs, helping them heal faster and get back to work sooner. If you are a UAE-based business looking to renew or take brand new medical insurance, contact me, and let me help you get the best coverage at the best cost.

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What is the biggest mistake that vehicle owners make regarding insurance? Last week was challenging for vehicle owners in the UAE. There is speculation that insurance claims have increased by 400% due to vehicle damage. However, a portion of those claims are being rejected by insurance companies. Do you know why? One of the most significant reasons for these rejections is the absence of comprehensive insurance coverage. This means that if your vehicle is damaged, you could be left with a hefty repair bill. The cost of comprehensive insurance is often much less than the potential repair costs. Third-party insurance coverage is mandatory; every vehicle owner must take it. It covers damages to other vehicles and property, but not your own. However, comprehensive coverage of the damage to the vehicle and its passengers is not mandatory, so many vehicle owners do not carry this insurance. Comprehensive insurance is not just an option, it's a crucial safeguard. It covers all kinds of damages, including those to your vehicle and its passengers, providing you with a sense of security and peace of mind. If you have not yet taken one for your vehicle and you live in the UAE, please contact me, and I can help you get one immediately.

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Nothing is more effective than a blend between old school and new school. Stay tuned #interactiveinsurance #insuranceuae #insuranceclaims #businessinsurance #dubai #uae #entrepreneurs #insurancepolicy #insurancebroker #insuranceagent #insuranceagency

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