Swiss Re on building long-term partnerships
Berkshire Hathaway Specialty Insurance: Global and diversified
International General Insurance (IGI): In pursuit of healthy growth
Motor
Women drivers to boost Saudi's motor insurance
Is there a future for telematics in the Middle East?
Rising to the aggregator challenge
Jordan
Industry under pressure
In transition to efficiency
Trade Credit Insurance
Minding the small players
Market Spotlight
Bright future for Afghan insurance sector with global support
GAIF
The changing face of insurance in a high-tech world
MENA
MENA: UAE overtakes Turkey in insurance premiums
MENA: Insurance rates expected to rise or at least stay stable in next 12 months
MENA: Nearly half of businesses have fallen victim to financial crime
GCC: Lower profitability expected this year
Africa: Allianz in $81m deal to acquire 8% stake in Africa Re
Algeria: Market forecast to expand by 5-6% this year
Algeria: Treatment of local private insurers a challenge for life sector
Algeria: Privately held insurers up in arms over limits set by bank
Bahrain: King ratifies national health insurance law to cover all citizens
Bahrain: Unified comprehensive motor insurance contract to be issued mid-year
Bahrain: First online insurance comparison portal to launch in 3Q18
Egypt: FRA approves country's first crop insurance policy
Egypt: Regulator mulls letting e-payment companies distribute insurance products
Egypt: Life expectancy increases for both women and men
Iran: Insurers assess impact of weaker rial
Global insurers monitor dealings with Iran following US withdrawal from nuclear deal
Jordan: Insurers protest 40% tax rate, up from 24%
Lebanon: Original terms of health policies to remain unchanged on renewal
Morocco: Brokers demand more fees from insurers
Morocco: Listed insurance brokers produce steady financial results
Morocco: Saham Finance says proposed deal with Sanlam is on normal course
Oman: Local reinsurer's net profit surged by more than 15 times in 1Q
Oman: Regulators urged insurers to ease claims procedures in wake of Cyclone Mekunu
Qatar: Outlook revised to stable amidst political dispute - Fitch
Tunisia: Insurers sign pact with lenders to resolve life insurance issues
Turkey: Credit insurance pool being planned for SMEs
Turkey: Car leasing firm acquires Allianz's insurance unit
UAE: Insurance sector saw 21% profit surge in 1Q
UAE: IA issues strict regulation for bancassurance
UAE: Cabinet introduces new labour insurance, visa facilitation
UAE: Shake-up expected in insurance consultancy segment over new rules
UAE: Insurers must adapt to support sharing economy - AIG
UAE: Huge majority fear insufficient savings for the future
UAE: Insurers unwilling to cover certain vehicle models
UAE: New health app launched to curb claims costs
Global
First blockchain platform for marine insurance goes 'live'
GDPR fines can reach $23m; insurability limited
Healthy insurance M&A outlook for 2018
Reinsurance industry to outpace global growth
Takaful
Global: Islamic finance industry assets cross $2tn-mark
Malaysia: Syarikat Takaful Malaysia segregates its family and general businesses
Malaysia: Regulator issues draft requirements for trade credit insurance and trade credit takaful
Malaysia: No GST for life, general insurance and takaful products
Morocco: Insurance sector hopeful of takaful launch in 2019
Saudi Arabia: Enaya approves 50% capital cut
Saudi Arabia: Moody's assigns stable outlook rating to Saudi Re
Saudi Arabia: Govt considering comprehensive insurance plans for pilgrims
UAE: Dubai Islamic Bank issues 1.6bn additional shares; raises $1.4bn
People on the move
COUNTRY PROFILE - Jordan
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COVER STORY - Motor
The end of the ban on female drivers in Saudi Arabia is set to have a significant positive impact on the automotive market, including the motor insurance industry, with three million new drivers expected on the road by 2020.
TAKAFUL - Market Spotlight
The insurance industry in Afghanistan, though small in size, is poised for growth with increasing awareness and opportunities resulting from the government’s push for infrastructure development in the country. Although terrorism is still a...
I t was an interesting GAIF Conference and there was a great resolve in Hammamet – with over 1,400 delegates – to go tech. With the spirit of Eid still in the air, it was a good conference indeed despite all the geopolitical tensions,...
Global reinsurance giant Swiss Re wants to differentiate itself in the Middle East by being a long-term partner, offering more products and services than its counterparts, says Mr Lukas Mueller, head Middle East, director, Europe, Middle East &...
The names of Berkshire Hathaway and Warren Buffett both became global brands in their own right many years ago. The story of Berkshire Hathaway Specialty Insurance is a little newer and begins in 2013. Messrs Peter Eastwood and Marc Breuil tell...
Excess capacity continues to soften the reinsurance markets, especially in MENA, but there are good opportunities for providers to achieve profitable growth if they play it right, says Mr Waleed Jabsheh, President, IGI Bermuda, and Executive...
Telematics as a car insurance product has never really taken off in the region, but there is a potential for a higher adoption rate with the right business model, says Mr Frederik Bisbjerg of Qatar Insurance Company.
The emergence of online aggregation is changing the competitive landscape for insurers in the Middle East, says Mr Jonathan Rawling of yallacompare.
Challenges grew over the past year for Jordan’s insurance operators and profitability of the sector dropped sharply on the back of tough economic conditions. Concurrently, unhealthy competition continues to add pressure.
The insurance regulatory body is undergoing a transition phase as preparations are afoot to shift the task of supervising the sector to the Central Bank – a move which is expected to have a positive impact on the industry, says Mrs Lubna Saqr...
This risk mitigating tool protects SMEs against insolvency and provides the foundation for a secure and sustainable growth, says Mr Leroy Almeida of Markel International.
The message was clear at the 32nd GAIF General Conference in Tunisia: Arab insurance markets must keep pace with technological advancements and modernise their business strategies to remain competitive.
The UAE has overtaken Turkey in terms of total premium volume, according to the latest Swiss Re Institute sigma study, ‘World Insurance in 2017’.
The insurance markets of the Middle East and Northern Africa are expected to continue to outgrow the region’s GDP over the next 12 months, according to the MENA Insurance Pulse 2018, published by Dr. Schanz, Alms & Company.
Around 45% of respondents in MENA have been a victim of at least one form of financial crime within their global operations during the 12 months preceding a survey conducted by Thomson Reuters. Globally, 47% had fallen victim.