Ramzi Ghurani

Ramzi Ghurani CERT. II, Managing Partner of Petra Insurance Brokers UAE, has taken on the leadership role of this UAE insurance institution which has been around since the 1960’s. With 20 years of experience in insurance, risk management, brand building, and business development, Ramzi's mission is to bring people clarity when it comes to the complicated world of insurance.

uae insurance brokers regulatory sandbox cbuae

Regulatory Sandboxes: How UAE Insurance Brokers Can Innovate Within CBUAE Guidelines

Balancing innovation with strict regulations can be challenging in the UAE’s insurance industry. However, “regulatory sandboxes” introduced by the Central Bank of the UAE (CBUAE) offer a middle ground, letting brokers experiment with new ideas while still protecting consumers and the market at large. These specialized environments encourage creative problem-solving under close regulatory supervision, so …

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estate planning with life insurance in the uae

Advanced Estate Planning with Life Insurance in the UAE

Estate planning plays a crucial role in financial security, helping to preserve wealth and distribute it according to personal wishes. While traditional tools like wills and trusts are fundamental, life insurance in the UAE has become a powerful component in advanced estate planning. In the UAE, where financial regulations and inheritance laws are shaped by …

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how cbuae regulations impact insurance brokers in uae

How CBUAE’s New Regulations Will Impact Insurance Brokers in the UAE

In July 2024, Federal Decree Law No. 48 of 2023 was published, marking a pivotal shift in how insurance is regulated across the UAE. This legislation transfers oversight of insurance operations to the Central Bank of the UAE (CBUAE) (a change that stems from the merger of the UAE Insurance Authority under Federal Decree Law …

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life insurance riders in the uae

How Life Insurance Riders Enhance Coverage and What to Consider

Life insurance in the UAE provides critical financial protection for your loved ones, but standard policies often offer limited flexibility. This is where life insurance riders become invaluable. Riders are optional add-ons that enhance the scope of your coverage, allowing you to customize your policy to address unique needs and potential risks. By understanding the …

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impact of economic factors on participating whole life insurance policies

The Impact of Economic Factors on Participating Whole Life Insurance Policies

Life insurance in Dubai is a cornerstone of financial planning, offering protection and peace of mind for policyholders and their beneficiaries. Among the various types of life insurance, participating whole life insurance policies stand out for their unique ability to share in the insurer’s profits through bonuses or dividends. Understanding how economic factors influence these …

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tourist health insurance in the uae

UAE: Health Insurance With Tourist Visas Soon As New Project Announced

Visitors will get policy while applying for their permits online through the ICP website or app A new project will soon help tourists to the UAE get health insurance as they apply for their visas, it was announced Monday. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) said the ‘health insurance for …

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How Electronic Insurance Regulations Are Transforming The Industry

How Electronic Insurance Regulations Are Transforming The Industry

The insurance landscape in the UAE is poised for profound transformation, driven by evolving electronic insurance regulations. The insurance industry has undergone a remarkable transformation over the past few years. Historically mired in extensive paperwork and manual processes, it faced numerous inefficiencies and challenges. However, the advent of digital technologies and new regulatory frameworks has begun to reshape the …

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how uae floods could affect your insurance costs

How UAE Floods Could Affect Your Insurance Costs

In recent years, the United Arab Emirates (UAE) has experienced an increase in extreme weather events, including floods. These natural disasters have far-reaching implications, particularly for homeowners and businesses. One of the most significant impacts of flooding is on insurance costs. Understanding how these changes may affect you can help in better preparing and managing …

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the impact of natural disasters on commercial properties in the uae: why insurance is essential

The Impact of Natural Disasters on Commercial Properties in the UAE: Why Insurance is Essential

Natural disasters are unpredictable forces of nature that can wreak havoc on commercial properties, causing immense financial losses and disruptions to businesses. In the UAE, a region susceptible to various natural calamities, including the recent record-breaking rainfall, the need for comprehensive commercial property insurance cannot be overstated. This blog delves into the significance of commercial …

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