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Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
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Business of… the world’s biggest bankruptcies

Business of… the world’s biggest bankruptcies

The first ever bankruptcy of a UAE developer is underway with a deadline for claims of Friday. Kipp was inspired to look at some of the planet’s biggest insolvencies.


January 5, 2011 2:24 by

In one of the biggest scandals the financial world has seen, the “institutionalized, systematic, and creatively planned accounting fraud” that is the Enron scandal was revealed in October 2001. At the time it filed for bankruptcy, Enron employed over 22,000 people, was considered to be the leading energy company (Fortune named Enron “America’s Most Innovative Company” for six years in a row) and had claimed revenues of $101 billion in 2000. But when it filed bankruptcy it was estimated to have about $23 billion in liabilities (both in outstanding and guaranteed loans) and $65.5 billion in assets.

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