Leading with innovation
Cyber Risks
Cyber market tipped to grow exponentially
Saudi Arabia
Overcoming a dual shock
Nurturing growth on home ground
Passion for people
COVID-19
A resilient response to reputational risk
Reinsurance
The end of an era
IFRS 17
IFRS 17 a game changer
A strategic shift to more agile operations
Unlocking the potential benefits of reinsurance under IFRS 17
Claims
Beirut explosion: Claims considerations
BI: Managing large and complex losses
Malaysia: Gearing up for takaful in a post-pandemic era
MENA
MENA: Parade of finalists for 7th Middle East Insurance Industry Awards
MENA: High country risk levels could pose a challenge for insurers
MEA: Chedid in talks to acquire majority stake in African units of insurance broking group
GCC: Digital portals enable competitive motor premiums
Egypt: Insurance broking licence granted amidst moratorium
Egypt: Moroccan insurer receives life licence
Jordan: Premiums down 2.8% to $505m in Jan-Jul 2020
Lebanon: Beirut explosion caused up to $4.6bn in damages to infrastructure and physical assets - World Bank
Lebanon: Port blast insurance claims reach $425m
Morocco: Broker enters specialised credit insurance sector
Oman: Regulator directs insurers to extend loan cover to retirees over 70
Oman: Regulator eases insurers' overseas investment limit
Saudi Arabia: Consultative panel calls for health insurance for retired expats
Saudi Enaya and GlobeMed Saudi sign TPA agreement
Turkey: Survey provides insight into health insurance preferences
UAE: Insurers are sufficiently solvent to face pandemic challenge
UAE: Health insurer launches bot to fight COVID-19
Global
(Re)insurance markets to continue hardening over the next two years
Asia Pacific crop insurance market set to overtake US
Swiss Re expects price increases across all segments to continue
Reinsurance remains accretive form of capital in managing volatility
Takaful
Global: IFSB & IsDB sign grant agreement for final review of 10-year framework
MENA retakaful has long-term growth potential
Algeria: Islamic insurance on the cards soon
Egypt: Acquisition of takaful operator complete
Nigeria: Call for review of takaful guidelines
Product Bites
People on the move
COVER STORY - Cyber Risks
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COUNTRY PROFILE - Saudi Arabia
The impact of the coronavirus and the oil price plunge has been significant on the economies in the region; however, the Saudi insurance market has shown resilience in the first half of the year, with expectations that 2020 will end on a high note.
FEATURE - COVID-19
The COVID-19 crisis has brought forth an unprecedented level of reputational threat which insurers must meet with a measured response.
How quickly October has come with all its wild cherries despite global geopolitical uncertainties, cheaper oil prices, and the global economy in bad shape.
Sehteq co-founder Saif Aljaibeji talks about driving digital innovation to boost health insurance and meet increasing consumer demand.
The COVID-19 pandemic has driven the demand for cyber insurance worldwide, with the global market size expected to triple to $20bn by 2025.
The pandemic has not deterred Saudi Re from registering growth in 1H2020 – proving that the local market remains full of potential, says its managing director and CEO Fahad Al Hesni.
Bupa Arabia is characterised by a work environment that stimulates innovation and productivity. It is considered one of the leading companies that champions women in the workforce and the Saudisation policy. The company’s chief HR officer...
The decision to place Arab Insurance Group in run-off paints a bleak picture of the Arab (re)insurance sector, with far-reaching consequences that should not be taken lightly.
There is a renewed focus to enhance risk management of insurance in the Middle East. The implementation of IFRS 17 couldn’t be a more timely move to bring more transparency and increase accounting consistency across the sector, says Dr Alok...
Mr Graham Purdon of Concordia Consultancy discusses the insurance and reinsurance implications of the tragic explosion that took place in the port area of the city of Beirut, Lebanon.
The pandemic has revealed how business interruption (BI) claims are not always straightforward. Mr Daniel Thorpe of MDD Forensic Accountants highlights some key areas to consider in managing a BI claim successfully.
Ms Ruslena Ramli of RAM Ratings outlines the opportunities for the takaful sector at a time when financial inclusion is more important than ever before.
A total of 48 insurers, brokers, risk managers, service providers and industry leaders have emerged as the finalists for the 7th Middle East Insurance Industry Awards (MIIA), organised by Middle East Insurance Review (MEIR).
AM Best has released its 2020 Country Risk Assessment Reports, providing economic, political and financial system risk assessments on 137 countries.
The Husson family, founder of the Ascoma group, and Chedid Capital Holding have entered into exclusive negotiations for the sale of Ascoma Assureurs Conseils to the Lebanon-headquartered insurance and financial services group.