Sharing fruits of growth
IFRS: A new financial semantic for investors
New strategic digital healthcare solutions to embrace evolving customer demands - GlobeMed
Outlook 2018
Regaining growth momentum
10 predictions for 2018
Saudi Arabia
Waiting in the wings
By far a great year ahead
Vision-induced coverage
Life Insurance
The keys to success in life insurance
VAT in GCC
VAT's to be done for smooth transition?
Reinsurance Regulations
For a standalone reinsurance regime
Cyber
Cyber covers need that specialist touch
Technology
Innovation route to progress
Marketing
More than just brand building
MENA
Middle East: GCube Underwriting works with Trust Re on renewable energy projects coverage
GCC: Economy to improve on the back of non-oil growth in 2018
GCC: Insurance industry to reach $44 bln by 2021
Algeria: Insurance market to decline by 8% in 2017
Bahrain: Insurers in study to handle dispute-free minor accidents
Egypt: Premiums to grow by 20% to $1.2 bln in current fiscal year
Egypt: Comprehensive health insurance scheme moves closer to implementation
Egypt: Insurers call for study of recent years' terrorist attacks
Egypt: Govt studying floating state-owned insurance firms
Iran: Insurance industry urged to rejuvenate management
Iran: Bank Mellat plans to sell 20% stake in Asia Insurance
Iran: Over-the-counter medication excluded from insurance cover
Iran: Public should demand high-quality and safe housing: Insurance Institute
Kuwait: Insurance market posted 34% jump in premiums in 1H 2017
Kuwait: Draft medical liability law sent to Cabinet department
Morocco: 1 in 5 has at least one insurance policy
Morocco: Intermediaries face regulatory challenges
Morocco: Govt to launch farm index-based insurance
Oman: Flat growth in direct gross premiums in Jan-Sep 2017
Palestine: Insurance sector to grow by more than 10% in 2017
Qatar: Insurance mart forecast to be 1.5 times bigger by 2021
Qatar: Doha Insurance rebrands and pursues expansion
Tunisia: Insurance federation revives idea for anti-fraud agency
Tunisia: 90% of motorcycles are uninsured
Tunisia: Insurance market grew by 11% in 2016 to $752 mln
Turkey: Motor 3rd party premium ceiling to rise by 5%+5% this year
UAE: Reinsurers should be public companies - IA
UAE: Regulator to set up dispute resolution committees
UAE: Pacific Prime sets up own licensed health insurance broking unit
UAE: Chaucer MENA opens in DIFC
UAE: Govt includes cancer in mandatory health insurance coverage
UAE: Action needed to boost marine insurance business
UAE: Comparison website partners Takaful Emarat to offer online health plan
Global
Global disasters cost insurers $136 bln, third highest on sigma records: Swiss Re
Brexit forces review of UK regulatory structures
Insurance industry can do more to boost cyber risk management
Takaful
Global: Takaful growing at 9% a year and contributions to exceed $52 bln by 2020
GCC: Takaful operators see improved profitability due to regulations
Bahrain: Solidarity General Takaful and Al Ahlia Insurance merger completed, firm renamed Solidarity Bahrain
Jordan: First Insurance's gross contributions up 9% to $53.2 mln in 2016
Malaysia: IFSB admits 3 Gulf organisations as members
Morocco: Takaful rules expected to be issued in 1H 2018
Saudi Arabia: Nat CAT cover to be included in motor comprehensive insurance policies
Saudi Arabia: Insurers to provide cover only to shops with surveillance cameras
Takaful Emarat's acquisition of Al Hilal Bank's takaful unit creates biggest takaful operator in UAE
UAE: Emirates Retakaful firm's fate hangs in the balance
People on the move
COVER STORY - Outlook 2018
Buy Now
COUNTRY PROFILE - Saudi Arabia
Saudi Arabia is undergoing radical transformation on all fronts, with planned reforms that will involve greater engagement for the private sector. The insurance sector is facing a new reality with regulatory measures set to change the game for the...
The Clyde & Co team lists 10 predictions for 2018, including the implementation of Solvency II and other significant regulations in the Middle East, large insured losses catalysing M&A, and the rapid rise of technology and its attendant...
NEWS - MENA
The Dubai Health Authority (DHA) has launched Basmah, an initiative for screening and treating cancer.
2018 has raced upon us bringing tremendous changes to the market and putting to bed an otherwise nightmarish year with the third-highest insured losses for disasters haunting the world since sigma records were started. Hence, everyone believes that...
Lloyd’s sees a big opportunity for specialist insurance and reinsurance in the Middle East. As the economies in the region diversify and grow, the range of Lloyd’s products and offering will become more important, valuable and relevant....
The introduction of IFRS 17 has caused quite a stir in the financial services industry, with chartered accountants, CFOs, CEOs, IT professionals and actuaries related to (re)insurers struggling to come up with a plan to successfully incorporate all...
Year 2018 is presenting insurers with a mixed bag of stringent regulations that will fundamentally alter the industry, significant M&A activity that will bring in strong players looking for lucrative opportunities, and innovation &...
Insurers and regulators in Saudi Arabia utilised 2017 to build a strong foundation for solid growth in future, though the year may have been lacking in strategic vision. Mr David Anthony of S&P Global Ratings says the insurance sector has all...
Saudi Arabia’s government plan to transfer responsibility for healthcare provision via public-private partnerships will open up huge investment and coverage opportunities for insurers, says Mr Francis J Patalong of Al Tamimi & Company.
To succeed in the life business, insurers need to engage customers digitally and roll out products which match their needs. Insurers need to place customers at the centre of all they do, says Mr Philip Cernik of FPI.
With the implementation of VAT from 1 January 2018, insurers in the UAE and Saudi Arabia face a new regime of compliance. Ms Raghad Hammad and Mr Adam Tighe of BSA Ahmad Bin Hezeem & Associates provide practical tips to insurers to manage the...
The UAE’s reinsurance market looks set for a perfect storm of change and opportunities in 2018 when the draft reinsurance regulations are made final. Mr Tom Bicknell of Pinsent Masons does a litmus test of the various provisions.
A large number of businesses question the necessity of specialist cyber insurance cover. Global entities spend almost four times as much on property-related risks than they do on cyber. Mr Justin Whelan of Ince & Co says cyber attacks are...
The stumbling blocks to growing takaful business are tardy innovation and technology adoption. Mr Muhammad Owais of FWU proposes a takaful model that uses technology to boost efficiency and enhance underwriting.
Takaful industry bears an additional responsibility than the conventional insurers and other industries to propagate values besides brand building and marketing. Mr Ezzedine Ghlamallah of SAAFI scripts a marketing and image building strategy that...
Leading renewable energy insurer, GCube Underwriting has secured a new underwriting facility, led by reinsurer Trust Re, for the Middle Eastern clean energy markets.
The non-oil sector in GCC states will perform better in 2018 as the global economy is gaining strength, according to Mr Jihad Azour, Director of the Middle East and Central Asia Department of the Washington-based International Monetary Fund (IMF).
The GCC insurance market is projected to grow at a CAGR of 10.9% from US$26.2 billion in 2016 to $44.0 billion in 2021, said Alpen Capital in a report. This projection is based on existing fundamentals of the industry and economic outlook despite...