GAIF
The time is now
Arab insurers in the era of digitalisation
Keeping the GAIF momentum going
Tunisia
Promising changes ahead
Setting the bar high
Reinforcing healthy performance
Work-in-progress for a better future
Finding growth in new niches
Go big to succeed
Insurers need to improve life selling strategy
Takaful steadily growing in Tunisia
Broadening the scope of services
Technology
Off to an intelligent start
Renewals
Better growth prospects should improve the MENA markets
Healthcare
Protection gaps in healthcare: A global view
Compliance
Solvency II and lessons for MENA
Room for growth
Shariah Compliance
Shariah compliance in the digital era
Focus on Asia
Takaful in Asia still struggling for scale
Building a strong and innovative Africa
On an even keel
Insurers urged to strengthen role in financial inclusion policies
MENA
MENA: FAIR explores creating P&I club
MENA: DIFC Insurance Association to produce regional mortality tables
Middle East: Heart attack and cancer remain top causes for claims
GCC: Aon Risk Map outlines potential sources of greater instability
GCC: Tackling differences in rating scales for insurers
Algeria: Caarama Assurance posted record-breaking turnover of $18.2m in 2017
Bahrain: Property owners in Northern Governorate must insure buildings for fires
Egypt: FRA proposes to increase insurers' equity investments to 40% of total portfolio
Egypt: Profits soared 68% to $237m in FY17
Egypt: Call for efforts to develop microinsurance broking
Egypt: Lockton expands regional footprint with opening of Cairo office
Egypt: Heavy rains estimated to cost millions of EGP in property losses
Iran: Sanctions re-imposed by the US to affect shipping insurance
Iran: Insurance regulator promotes cyber cover
Iran: Industry shifts to using euro
Kuwait Re unveils new identity; ratings affirmed
Morocco: Insurance premiums to exceed $7.4bn by 2023
Morocco: State-owned reinsurer SCR goes to Rwanda
Oman: Insurance sector expects an average 12% annual growth to 2021
Turkey: Generali and Turkish Post join forces to offer pension plans
Turkey: European insurers concerned about MTPL measures
Turkey: Govt makes liability insurance for marine pollution mandatory
UAE: Unified Motor Policy increased premiums by up to 40%
UAE: Two new DHA units established to further enhance healthcare services
UAE: Insurance sector wants fire insurance added to tenancy agreements
UAE: Insurance and securities regulators ink cooperation pact
UAE: Call to promote primary healthcare to cut insurance costs
UAE: Insurance aggregator Aqeed raises $18m, launches officially
UAE: Nasco invests in training for employees
UAE: ADNIC's 1Q net profit surged 28.6% to $26m
UAE: Now Health launches 24/7 service hub in Dubai
UAE: 4 in 5 low-income migrants lack access to insurance
Global
Insurers' outlook on investments turns bleak
Guy Carpenter licenses the industry's first cyber risk modelling platform
Major reinsurers see combined net income of $4bn in 2017
Insurers in Africa to benefit from economic recovery
Takaful
Bahrain: Govt needs to take lead in takaful training
Bahrain: t'azur to strengthen its takaful plans
Malaysia: Syarikat Takaful's 1Q net profit up 23% to $17.6m
Morocco: Call to accelerate introduction of takaful rules
Kuwait: Islamic Development Bank provides $250,000 to IFSB to promote Islamic finance
Saudi Arabia: SAMA issues draft rules to attract foreign takaful operators
Saudi Arabia: Salama opens first claims centre for female drivers
Saudi Arabia: Tenfold increase in health insurance complaints in 2017
UAE: National Takaful (Watania) receives bb+ rating
UAE: BOK International Bank to launch new Islamic banking products
UAE: Takaful Emarat launches new brand to mark 10th anniversary
UK: AXA partners Cobalt to launch shariah-compliant real estate product
People on the move
COUNTRY PROFILE - Tunisia
COVER STORY - GAIF
This year’s GAIF Conference will tackle one of the hottest topics of the day: digital transformation and the insurance industry in the Arab world. As countries in the Middle East embark on ambitious technology-driven reforms in a bid to...
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FEATURE - Technology
Artificial intelligence (AI) will give Middle East insurers the competitive edge to be more customer-centric and efficient in their business operations. But they need to overcome challenges from regulatory compliance to privacy issues as they...
I hope Ramadan has given everyone the best of time to sit and reflect on the guiding principles, not just in life but in business too. How is the MENA region doing on the insurance front? Despite the rising geopolitical and regional tensions within,...
Keeping pace with rapid technological developments is a main challenge facing Arab insurers, and this could alter the face of the industry in the future, says Mr Abdul Khaliq Raouf Khalil, secretary general of the General Arab Insurance Federation...
With a history of more than 50 years, GAIF has always kept pace with the latest regional and international developments. While this year’s event will examine the risks and opportunities of digital transformation within the insurance industry,...
The sluggish economy in Tunisia has hampered the growth of the insurance sector, but a new insurance law in the pipeline is expected to result in bigger and stronger insurers, improved corporate governance and a better business environment overall.
Regulatory reforms and higher commitment from players could increase penetration rate, says Mr Hafedh El Gharbi, president, Comité Général des Assurances (CGA).
Adopting prudent underwriting strategies and entrenching presence in target markets helped the company overcome the severe challenges the international reinsurance market witnessed in 2017, says Mrs Lamia Ben Mahmoud, chairperson and CEO of...
Though the introduction of compulsory insurance and higher oil prices may lead to economic and premium growth, in firmer global reinsurance markets, differentiation in renewals terms will be determined by individual business merits and...
Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company explains why protection gaps in healthcare are particularly difficult to quantify – and ventures to gauge the size of the shortfall.
A stable and reliable regulatory framework, in line with Solvency II, will keep MENA insurance markets healthy and sustainable, says Ms Grace Abboud of Arab Re.
Sector expansion, product differentiation and technological innovation are the main drivers of profitable growth for the takaful and retakaful sectors, says Mr Salmaan Jaffery of Dubai International Financial Centre Authority.
For the takaful sector to embrace digitalisation to keep up with its conventional counterpart, shariah scholars must have a firm grasp of new processes and procedures to act as gatekeepers of compliance requirements, says Dr Akhtarzaite Abdul Aziz...
Islamic insurance is often considered to be the poor cousin of the more headline-prone Islamic banking segment of the shariah compliant finance industry. The result is that the takaful sector has not yet reached the scale that its advocates have...
Africa possesses all the necessary resources to create a thriving insurance industry, but local players have to cooperate more to take the industry to the next level, said speakers at the 45th African Insurance Organisation (AIO) General Assembly...
Marine insurance has emerged as one of the most profitable branches for insurers where the loss ratio over the past five years reached 40%. This is a positive outcome compared to results from other lines such as motor, the first-ever Marine...
Insurance is increasingly becoming a vital component in financial inclusion policies in emerging markets and the industry should take advantage of this to increase the penetration rate and cover larger social segments, said speakers at the 2nd FAIR...
The Federation of Afro-Asian Insurers & Reinsurers (FAIR) is studying the feasibility of establishing a P&I club.
The DIFC Insurance Association (DIFC IA) has launched a project on the development of standard mortality tables for the GCC and the MENA region.
Cardiovascular disease and cancer remain the top causes for claims, with 71% of women claiming due to cancer, and 52% of men claiming on cardiovascular disease, said Zurich International Life in a report based on its analysis of claims data for 2015...