Food glorious food
General
Development of event cancellation insurance in the Middle East
Decennial liability and inherent defects insurance in Saudi Arabia
Life & health
ESG guide for life and health insurers
Uncertainty over mandatory health insurance requirements
Becoming a long-term health partner
Can insurers help Indians plan for their retirement?
Qatar
Insuring FIFA World Cup 2022: Goals and highlights
Insuring FIFA World Cup 2022: Costs and covers
Harmonising regulations
A good time for Qatar general insurers
Bright days ahead for Qatar's insurance industry
New law set to trigger growth and expansion
Disrupting health insurance through AI
A regional reinsurance hub in the making
Registrations for SIRC 2022 take off
Lebanon: Consolidation crucial to overcoming challenges
Diversifying investments to hedge against inflation
Sudan: Working to create a better market
Building local competencies for the future
Building capacity to address the skills gap
MENA
MENA: Inflation aggravates business interruption risks
Bahrain: CBB launches survey to assess client satisfaction with minor motor accident processing
Egypt: Pricing cited as hurdle to purchase of mental health insurance coverage
Egypt: Lawmakers ask for study on insurers' capital requirements
Oman: Pricing practices improve among listed insurers
Tunisia: Insurance sector makes progress towards full digitalisation
Turkiye: Motor insurance premiums soar
Turkiye : Insurers seek to protect capital through inflation-indexed bond
UAE: Insurers to benefit from new value-based healthcare model
UAE: Motor insurance premium rates of many insurers fall to floor limits
UAE: Dubai Sports Council announces mandatory insurance for sports events
Global
Global: Global insurance premium volumes to reach new high in 2022
Personal accident and health insurance in North America to reach $1.5tn by 2026
Global: Cyber insurers are part of the solution to ransomware
Takaful
Oman: Takaful growth outperforms market's performance in 2021
UAE: DAT-Watania complete merger to form one of the UAE's leading national takaful operators
Pakistan: Motor business contributes over half of takaful volume
Major structural risks set to disrupt operations, investments and supply chains
Better road safety measures could save half a million lives annually
Overshooting 2°C would cause permanent damage to Earth's species
Arctic temperatures rising 4x faster than global warming
Digital wearables are vulnerable to cyber attacks
One in four have fallen victim to online fraud in Asia Pacific
Businesses' resilience to risks alters in 2022
Insurers can address the challenge of climate change
Almost every organisation experienced a cyber attack in 2021
Floods and droughts forecast to cost cities $194bn annually
Bahrain: Tripartite MoU signed to provide start-ups with insurance solutions
Malaysia: FWD Takaful introduces two new plans covering death, TPD and critical illness
Saudi Arabia: Bupa Arabia launches telehealth platform
UAE: SALAMA and Bayzat join forces to offer health takaful solution to SMEs
People on the move
MARKET PROFILE - Qatar
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REINSURANCE
In the last issue of MEIR, we looked at the MENA region’s efforts to develop a reinsurance hub of its own as, in the last couple of years, the reinsurance sector has seen some significant changes as around 15 firms withdrew from the market....
EDUCATION AND TRAINING
The Bahrain Institute of Banking and Finance (BIBF) plays a vital role in the training and development of human capital across all financial disciplines in the Kingdom of Bahrain and the MENA region. BIBF’s Ms Manal Mashkoor addresses the...
There is a well-known saying that claims, ‘Any society is only three square meals away from revolution’.
COVID-19 has put a spotlight on the potential losses that stem from event cancellation. In the Middle East, this was particularly noticed when Expo 2020 had to be postponed for a year. Arab Loss Adjusters’ Mr Naeim Mosleh looks at the state of...
Saudi Arabia is undergoing significant transformation in line with its Vision 2030 framework. HFW’s Messrs John Barlow and Justin Whelan look at how decennial liability and inherent defects insurance fits into all this.
The UN’s Principles for Sustainable Insurance Initiative last year commenced work on understanding the risk management and insurance challenges and opportunities within the life and health industry. The focus was on a post-COVID world...
With Qatar hosting the World Cup later this year – the first Middle Eastern country to do so – a new set of challenges and risks must be addressed to ensure a smooth tournament in a world that is still dealing with the fallout of...
As far back as 2013 pessimists were asking if Qatar really was ready to host the world’s biggest soccer tournament. Soccer fans of the world are some of the most unforgiving and are likely to be highly critical of every aspect of its...
The Qatar Central Bank is responsible for the supervision of the insurance sector and hopes better regulation will increase the efficiency of the sector’s performance, improve the penetration rate and reduce the protection gap.
With the ‘early bird’ rate for booking places at this years’ SIRC closing at the end of August, registrations continue apace for the most important event in the APAC reinsurance calendar.
The insurance industry in Lebanon is going through challenging times with players facing difficulties with the business environment and reinsurers cutting capacity and/or redeploying it to other more stable markets. LIA Assurex Insurance’s Mr...
Insurers are showing interest in revising asset allocations amid inflation and a recent increase in global rates, and are also targeting investment strategies that offer yields with lower volatility. Middle East Insurance Review spoke to asset...
Despite the political instability and deteriorating economy, the Sudanese takaful market continues to register consistent growth rates - but more can be done to get the most out of this promising nation, says Shiekan Insurance &...
The Central Bank of Bahrain (CBB) has issued directives requiring all insurers to establish an internal actuarial unit with in-house Bahraini competencies. We spoke to CBB’s Mrs Elham Ebrahim Taleb to understand the objectives of the...
Companies navigating global inflation are at risk of undervaluing or overvaluing their assets when assessing the impact of business interruption (BI) on their organisation - for those that get it wrong, the danger can be existential, according to...
The Central Bank of Bahrain (CBB) has launched a survey through its website to evaluate clients’ satisfaction with an initiative involving insurance companies handling mutually resolved minor accidents.
Pricing remains an obstacle to many employers making the decision to incorporate mental health insurance benefits into insurance policies for their employees, noted the Insurance Federation of Egypt (IFE).
Companies that focus on building resilience and flexibility can mitigate the worst impacts of external shocks by detecting them early. They are better positioned to ride out these waves of uncertainty and come out stronger on the other side,...
A new analysis that includes 74 studies conducted in 185 countries estimates that targeting four major risk factors for road injuries and deaths (speeding, drink driving, non-use of crash helmets and non-use of seat belts) could prevent between 25%...
A new study has analysed that overshooting the 2°C temperature target would be highly damaging and even a temporary overshoot would cause waves of irreversible extinctions and lasting damage to tens of thousands of species.
Bahrain National Insurance, Bahrain National Life Assurance and The Collective Hub Powered by Tenmou signed a tripartite MoU to offer tailored insurance products and solutions to the latter’s community.
FWD Takaful has introduced two takaful plans – FWD eTerm Takaful Plan and the FWD eCritical Illness Plan – to help Employees Provident Fund (EPF) members withdraw from their Account through the i-Lindung platform within the EPF i-Akaun...
Bupa Arabia for Cooperative Insurance has launched a new telehealth platform that delivers value-added healthcare services such as doctor-patient video consultations (telemedicine) and appointment booking.