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RAK Insurance selects ESKADENIA for a wide range of software systems

RAK Insurance has selected ESKADENIA Software for the implementation and support of ESKA® Insures. The new, fully integrated initiative named ‘Project Candlelight’ will help RAK Insurance provide better service to customers by managing operations through web-based, state-of-the-art, and user-friendly systems.  Modular structure also ensures a high level of security and access authorisations. ESKADENIA will deploy 18 software products that include …

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Is insurance part of your finance strategy?

Today insurance is often seen as an unnecessary expense or it is purchased as a compliance requirement. Having in place the right insurance can provide a reliable source of capital to the business and SMEs can see it as part of their approach to properly finance operations. At the same time, they can increase the possibility of acquiring new capital …

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Employee benefits program, an absolute necessity?

Choosing the right people is important; giving them the opportunity to spread their wings is a crucial progression and putting compensation as a carrier behind them is an absolute pre-condition to success, elaborates Sandi Saksena. Expatriates continue to form the backbone of the UAE workforce, and the SME sector needs to look at providing a stable, long term financial solution …

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Strike a friendship bond with your financial fears!

If an entrepreneur/ business owner fears too much, he won’t take the required positive actions, and would pile on regret in the hindsight. When opportunities are presented, he will shun them for fear of the potential dangers and downsides, writes Sandi Saksena. One should never underestimate the power and impact of their financial decisions as a retirement portfolio needs to …

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How to keep your most valuable assets safe?

Are you planning to establish your business in the UAE or the GCC region? Here are the minimum insurance requirements needed to run your business smoothly.  Your accountant and attorney are extremely crucial to your business, however, if you are a start-up, you would also want to look at another important person—the insurance agent. In this fast-paced and competitive world, …

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Scrutinise, align your policy with your business needs

Sandi Saksena discusses some points that SMEs need to consider before opting for a health insurance cover for their businesses. With healthcare costs rising with each passing day, it is important for everyone to have a health cover, regardless of the size of their company. SMEs run on slim margins and do not have the cushioning provided by liquidity that …

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Read between the lines

 BLURB: An insurance cover is only as good as its exclusions. A clear understanding of precisely what your policy doesn’t cover will, therefore, shield you from unpleasant surprises.  INTRO: Take some time off to read the terms and conditions of your insurance policy before signing on the dotted line, urges Sandi Saxena.  “I was told this by the sales representative …

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