At AES International, we strongly believe in offering our clients value, being transparent about our service levels and fees, and making sure both the employer’s and employees’ risk is being managed appropriately.
(PRWEB UK) 30 November 2014
International financial adviser AES International has launched its team of experts specialising in corporate solutions, following a new Dubai law requiring health insurance for all employees in the emirate. The team will offer the full range of employee benefits solutions including health insurance, life insurance, disability and critical illness, and the management of gratuity and pension funding for companies operating in Dubai.
The law, initiated by the Dubai Health Authority and signed by Sheikh Mohammed bin Rashid Al Maktoum last year, came into effect in February 2014 and requires companies to provide health insurance to their employees.
In a statement to International Adviser, Sam Instone, CEO of AES International, stated that the company’s approach to Corporate Solutions would revolve around AES International’s overall mission of instilling ‘positive change’ – transforming the profit-centered financial ‘industry’ to a client-centric profession.
Instone further commented that “the regulatory, legislative and economic conditions in the UAE have all come together to create an unparalled opportunity for positive change in the way employee benefits advice is delivered in Dubai.”
The team will be led by Ilana van Huyssteen-Meyer, who takes the role of Head of Corporate Solutions. Meyer brings 10 years of corporate experience, specialising in employee benefits as well as life, health and conflict insurance. Her background in the highly regulated South African asset management and financial market is an excellent match for AES International’s vision of transforming the offshore market into an environment that exports UK best practice.
“We will also offer our clients corporate insurance solutions, focusing on protecting the whole business of its owner liability, employee liability and client liability. AES will offer the full range of corporate insurance solutions and has partnered with local and international insurance companies and underwriters to ensure we bring best practice to the market,” Meyer stressed.
Health insurance is currently a hot topic in the UAE, and the legislative changes in the country mean that the sector is predicted to be highly active in the next 2-3 years. A recent spate of very public data breaches has also focused the corporate markets’ attention on the need for better security, data protection and insuring their businesses against cyber crime.
Meyer stated that there is a rapid development of the UAE and other Middle Eastern markets, changing their requirements in favour of a more professional approach to insurance and financial service delivery. Meyer adds that AES International has a unique opportunity to export UK best practice to a market that has been ‘wrecked and threatened by unscrupulous brokers, offering low quality products at cut-throat prices, often to the detriment of the client.’
“At AES International, we strongly believe in offering our clients value, being transparent about our service levels and fees, and making sure both the employer’s and employees’ risk is being managed appropriately,” Meyer emphasised.
For more information, please visit AES International's Corporate Solutions page.