ADGM: Insurance growth requires dialogue on potential developments
Generally speaking, the insurance sector in the MENA region has been ‘developing’ for a long time and many would question whether it will ever fulfil its potential. Changing market and social-economic dynamics across the region present...
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ADNIC: Continued evolution of general insurance
Customers’ evolving expectations will continue to stimulate innovations in products, pricing and end-to-end delivery in the non-life insurance sector, says ADNIC’s Mr Jugal Madaan.
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Badri: Love, actuary
The MENA insurance industry has traditionally been quite profitable although most insurers bemoaned price competition even during periods when the average combined ratio hovered between 90% to 95%. Such performance would have been considered...
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MENA insurance industry shrugs off pandemic woes for positive growth
While COVID-19 has understandably had a significant impact on almost all businesses, the MENA insurance industry has proven resilient last year. In 2021, economic disruption from the pandemic will continue to be a risk for insurers, but there are...
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Turkey market grew in 2020 despite pandemic
When envisaging where the Turkish insurance market will be in five years, it is important to consider both the environment in Turkey and broader macroeconomic trends with which its fortunes are inextricably entwined, says BMS Turkey’s Mr Kerim...

Structuring UAE health plans for employee satisfaction
The COVID-19 pandemic has left an irrevocable impression in how employees view mental and physical health. Now, many workers expect employers to take more responsibility for their health. Aetna International’s Ms Catherine Darroue addresses...
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Biggest-ever insurance legislation changes
Egypt’s Financial Regulatory Authority is working at breakneck speed to strenghten insurance regulation for a nation on the cusp of substantial growth. We spoke to Dr Mohammed Omran to find out about tech, compliance, ESG and much more.
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Positive economic growth spills over into insurance
Egypt’s insurance sector expanded in 2020, buoyed by the nation’s economic growth. The Insurance Federation of Egypt helped with initiatives to increase public awareness, improve market performance and support financial inclusion, says...
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Construction builds up non-life growth
Massive infrastructure projects to build a new administrative capital and other facilities have contributed to increased total non-life premiums. The insurance market was buoyed further by the country’s positive growth in 2020.
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Takaful recovers strongly
Malaysia’s takaful segment showed resilience by coming back strongly in the first half of this year, recovering from the COVID-19 woes that held back growth during the same period last year.
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Malaysia's takaful landscape
The development of Malaysia’s takaful market has featured in the government’s plans and, as a result, the growth of the market and the rise in adoption of Islamic finance products over the last decade have been pronounced. However, this...
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Simplifying the claims process
The insurance industry in India, despite incurring high incurred claims ratios year after year, does not seem to have gained the trust of consumers. Middle East Insurance Review spoke with Insurance Brokers Association of India’s Mr Sumit...
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The time is now for actuaries in MENA
The actuarial profession has become more prominent within the local economies in the MENA region and will play a significant role in the future with evolving insurance regulations. We spoke to Nitaq’s Mr Samih Geha about the opportunities and...

MENA: Sharm-FAIR conference to tackle the post-pandemic era
In coordination and cooperation with the Afro-Asian Insurance and Reinsurance Federation (FAIR) and under the patronage of the Financial Regulatory Authority (FRA), the Insurance Federation of Egypt (IFE) and FAIR are organising the 3rd annual Sharm...
Algeria: Biggest agricultural insurer posts net profit of $13m in 2020
The National Agricultural Mutual Fund (CNMA) has posted a net profit of DZD1.8bn ($13.3m) for 2020, 50% higher than for 2019.
Bahrain: gig Bahrain launches revamped mobile application and website
Bahrain Kuwait Insurance (gig Bahrain) has launched its revamped mobile application gig-GO and its website.

Cyber criminals target remote workers, critical infrastructure and corner stores
The share of cyber attack insurance claims surged by 50% in the first half of 2021 as compared to the first half of 2020 according to a report by US cyber insurer Coalition.
UK: Deteriorating mental health and cyber security are top people risks
The rapid changes brought about in the working conditions of employees due to the pandemic have exposed gaps in the ability of organisations to respond to risks associated with their workforces.
US: Agriculture insurance claims surge due to climate change
Global warming has contributed substantially to rising crop insurance losses in the US according to a new research study by a team of climate scientists from Stanford University.