Strengthening the regulatory environment
Reinsurance
Meeting of minds in Monte Carlo
BRI
High stakes on the Belt and Road
Egypt
Turning the tide
Life: A growth generator
Takaful in upward trend
Paving a new path to success
Energy
Renewable energy: Powering the future of specialty insurance
Big target for cyber crime
Risk Management
Adapting to the changing risk landscape
Marine
Regional shipping growth offers more opportunity for the P&I market
Insurance for SMEs
SMEs: A growing market for Middle East insurers
Healthcare
Optimising regulation without limiting competition
Technology
The rise and rise of data
Malaysia
Takaful strides forward
MENA
Finalists of 5th Middle East Insurance Industry Awards 2018
MENA: Longstanding regional reinsurers show resilience to challenging operating environment
Middle East remains the 4th largest ultra-rich region
GCC: Employers revamping benefit offerings to remain competitive
Algeria: Lawmakers to examine insurance Bill
Algeria: Merger of 2 state-owned insurance-related entities will strengthen local expertise pool
Bahrain: Insurers enjoy low product risk in overcrowded market
Bahrain: LIC International expands into the UAE
Egypt: Govt initiatives spur insurers to focus on agricultural business
Egypt: Tharwa Capital on verge of clinching general and life insurance licences
Egypt: Insurance to be made compulsory for tourists
Iran: Govt looks at divesting part of wholly state-owned insurer
Iran: International trade credit insurers withdraw from market
Jordan: IGI hosts kingdom's first Dive In Festival for diversity and inclusion
Lebanon: Combined net profit of insurers surged nearly 20% in 2017
Morocco: Saham-Sanlam deal gets all the necessary approvals
Oman: Authorities may introduce mandatory health insurance scheme in phases
Turkey: Insurers more cautious following a string of fires
Turkey: Half of total housing with quake insurance located in high-risk region
Turkey: Bupa to enter health insurance market with acquisition
Turkey: Unstable economy and weak lira hit insurers
UAE: Insurance regulator to build electronic financial database
UAE: Net profit soared 40% to $270.7m in 2Q18
UAE: Some insurers chafe at bancassurance ties between banks and other insurers
UAE: FinTech Hive picks 22 startups for accelerator
UAE: Obesity among children causes alarm
Global
Reinsurers' returns will barely cover capital costs in 2018 & 2019: S&P
Industry needs to respond proactively to changing market dynamics: Swiss Re
Pressing need for dialogue between insurers and supervisors on innovation
Takaful
Morocco: Takaful regulations still under deliberation
Palestine: Tamkeen Insurance opens doors as 10th insurer and 2nd takaful operator
UAE: Takaful Emarat first insurer in Middle East to use Apple's Device-as-a-Service to streamline its processes
Takaful Rendezvous 2018 goes 'back to basics'
People on the move
COUNTRY PROFILE - Egypt
COVER STORY - BRI
Despite its obvious Sino-centric economic and political manifesto, the Belt & Road Initiative is growing in importance in the Middle East as witnessed by increasing bilateral trade, infrastructure developments and investment agreements, all...
FEATURE - Risk Management
Middle East insurers are increasingly facing a variety of strategic risks as the industry develops and moves towards maturity. To safeguard their business effectively, insurers will need to rethink their approach to risk management in order to build...
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INSIGHTS - Marine
There is a bright future in the Middle East marine P&I market for insurers prepared to innovate and commit to the long term, say Messrs Eugène van Steekelenburg and Dirk Pieter Kruijsifix of MS Amlin.
With the buzz of October, there is positive optimism in the region despite the global uncertainties and political tensions everywhere. Middle East, home to the largest oil reserves in the world and several ultra-rich entities, is taking disruptive...
Several regulatory initiatives are in the pipeline to develop the financial strength and soundness of the insurance sector in Oman, says Mr Ahmed Al Mamari, vice president for insurance sector, Capital Market Authority.
There can be few more potent symbols of an industry constantly reaching new peaks than the annual Rendez-Vous de Septembre that sees the bright, the experienced and the boldest insurers and reinsurers gather with one aim in mind – doing...
The insurance industry in Egypt is benefiting from the economic development the country is witnessing. The regulator’s strategy to increase the penetration level is setting the stage for unprecedented growth in the next three years. Middle...
Life insurance in Egypt maintained a double-digit growth trend even in the toughest times and will continue to support the market growth.
Product differentiation remains the biggest challenge for takaful operators, but the concept itself continues to achieve notable success in Egypt, market leaders say.
With stronger specialist underwriting capability, local and regional insurers stand to benefit from the growing renewable energy sector in the Middle East, says Mr Murray Haynes of JLT Specialty.
As the energy sector in the Middle East faces increased cyber threats, it is time for boards and senior-level management to take greater charge in assessing and mitigating such risks to protect their operations, says Mr Simon Bell of Marsh Middle...
Insurers stand to gain as SMEs continue to thrive throughout the MENA region bolstered by economic reforms, says Mr Tamer Saher of RGA Reinsurance Company Middle East.
As inflation and market consolidation continue to raise medical costs and erode health insurers’ margins, regulators in the Middle East are fine-tuning regulations so that consumers can receive a higher level of care at reasonable prices, says...
New regulatory requirements are expected to shake up the takaful market in Malaysia, but operators are taking these challenges in their stride, as takaful has shown better growth over conventional insurance in recent years, say Malaysian Takaful...
A total of 44 insurers, brokers, risk managers, service providers and industry leaders have made it to the finals of the 5th Middle East Insurance Industry Awards (MIIA) 2018, lauded as the premier awards of the MENA region. They edged out more than...
Longstanding MENA reinsurers continue to ride competitive pressures and carve out market niches to support their operations. They are steadily making sound returns, but return on equity (ROE) hovers around the mid-single digits, said A.M. Best in...
The Middle East remained the fourth-largest ultra-high net worth (UHNW) region in 2017, just ahead of Latin America and the Caribbean, but recorded by far the weakest growth both in its ultra-wealthy population (up 4.4%) and combined net worth (up...