Anas Mistareehi: Pioneering Innovation in the UAE’s Insurance Landscape

Category: News and Events

In the heart of Dubai’s bustling business district, Anas Mistareehi is making waves in the insurance industry with his visionary approach to digital...

Boosting Organizational Effectiveness: eSanad Employees Engage in Diverse Training Sessions

Category: News and Events

eSanad is dedicated to continuous improvement through its commitment to training and development. The objective of training and development is to enhance the...

Moral Hazard

Category: Terms and Phrases

What It Is:Risks stemming from human behavior, attitudes, and values, especially related to honesty and care. Further Explanation:Moral hazards encompass the...

Physical Hazard

Category: Terms and Phrases

What It Is:Risks based on tangible, measurable attributes of an insured item or property. Further Explanation:Physical hazards are determinable factors that...

Proximate Cause

Category: Terms and Phrases

What It Is:The primary reason setting off a series of events leading to an outcome. The Story:A cigarette butt started a fire in the woods, becoming the...

Waiver of Subrogation

Category: Terms and Phrases

What It Is:Insurers forgo their right to seek damages from negligent third parties. The Story:Jane’s company had a fire due to a faulty device, but her...

Business Interruption

Category: Terms and Phrases

What It Is:Coverage for potential future losses that aren’t tangible. The Story:A fire halted Sam’s bakery. His “business interruption”...

Property Damage

Category: Terms and Phrases

What It Is:Concerns tangible damage that’s quantifiable, often to physical property. The Story:After the storm, Lisa’s fence had clear...

Uberrima fides

Category: Terms and Phrases

What It Is:“Utmost good faith.” Honesty in revealing relevant information, especially in insurance. The Story:Alex revealed all risks when insuring...

Pro rata

Category: Terms and Phrases

What It Is:Divided according to a specific rate or proportion. The Story:At the company’s expansion, shareholders received additional shares “pro...

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