From Editor-in-Chief
Impact of global trends on the Middle East Mr Lutfi El Zein, Chairman of Medgulf Group
Strengthening Egypt's broker channel
Understanding regulations better
Africa: In pursuit of growth
Africa: Succeeding in Africa's insurance industry
Tunisia: Moving up and on
Interview with regulator: Nurturing stronger players
On track towards a brighter future
Risk management: Ebola: Lessons in risk management
Strategic global view: The technology and data revolution in insurance: A brave new world?
Maritime safety regulation: Freight container securing - the next frontier
Piracy: Still in treacherous waters
C&E: Project insurance: Key issues for underwriters
C&E: A changing construction landscape
Health: The evolution and future of TPAs
Translating CAT model data into financial terms for renewals
Pensions: The nomination clause in takaful and pension contracts
Pensions: Legal and tax issues in takaful pensions
Pensions: Takaful solutions needed for greying Malaysians
Conference report: Takaful players urged to go beyond comfort zones
Better capabilities needed to seize bancassurance potential
MICC: The value of hard work
Strengthening the UAE's insurance market
Middle East & GCC: Nominations welcome for 2nd MIIA
MENA Insurance CEO Club's members exceed 20
GCC: Average white-collar salaries rise by nearly 8%
Bahrain: Regulator to standardise auto insurance policy wording
Bahrain: Impact of new traffic law to be seen within a year
Bahrain: Trust Re's paid-up capital increases to US$200 mln
Copart expands operations in Bahrain
Jordan: Premiums up 7.6% in 2014 to US$745 mln
Jordan: Govt to liberalise compulsory auto insurance rates
Kuwait: Government eases requirements on foreign insurers
Kuwait: Al Ahleia Insurance sees 11% drop in profits for 2014
Kuwait: GIG records 18% growth in net profit to US$40 mln
Oman: New regulation proposed for brokers
UAE: DIFC Insurance Association is formed
UAE: Regulator and industry to amend motor policies
UAE: Insurance sector to be key beneficiary of sanction-free Iran
UAE: ADNIC reports losses in 2014
UAE: Fenchurch Faris grows presence in Dubai
Africa: Association expedites vehicle access across West Africa
Algeria: More efforts needed to grow agriculture insurance
Egypt: Students to get mandatory personal accident cover
Egypt: Federation to set up new microinsurance committee
Egypt: Contractors consider setting up insurer
Kenya: Leapfrog gets green light to buy Resolution Insurance
Kenya: Pan Africa buys 51% stake in Gateway Insurance
Morocco to share auto expertise with Tunisia
Uganda: Motorsport body gets insurance cover
Lloyd's continues to grow global presence
Collaboration needed to combat the ISIS threat, says expert
Bahrain: BKIC quadruples stake in Takaful International to 41%
Jordan: First Insurance takes stake in local insurer
Malaysia: Takaful operators urged to seize potential in ASEAN
Takaful Oman Insurance is profitable in first year
Pakistan: EFU Life inks bancatakaful partnerships
Saudi Arabia: Industry turns around with net profit of US$196 mln in 2014
UAE: Regulator to set up takaful committee by year-end
UAE: Noor Takaful ties up with Islamic bank
UAE: Al Hilal Takaful and Euler Hermes sign distribution agreement
Shariah-compliant equine product offered at Lloyd's
Reinforcing mutuality to encourage takaful growth
Takaful Re holds family takaful workshop in Dubai
Diary of events
People on the move
COVER STORY
Low penetration across most African markets spell many opportunities for insurers, but success will depend on their ability to devise strategies to expand their foothold in a continent of 54 immensely diverse economies.
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COUNTRY PROFILE
Sentiments are positive in Tunisia as it enters a new political era with great expectations for insurance with a new five-year strategic plan.
MARINE MARKET UPDATE
Vast improvements in tackling piracy in Somalia and the Gulf of Guinea have resulted in global attacks declining for a fourth successive year, but seafarers around the world need to stay vigilant to guard against this threat, whichever quarter it...
Mr Lutfi El Zein of Medgulf assesses key global insurance trends, the extent to which Middle East markets are adapting to these developments, and what more they could do to catch up.
The Egyptian Insurance Brokers Association is working to strengthen the profession and upgrade the marketplace, says Chairman Adel Shaker Wahba.
The lack of attention given to regulation by the region's insurance industry prompted Mr Tayseer Treky to translate a Geneva Association report on this issue.
Mr Corneille Karekezi of the African Reinsurance Corporation looks at what is needed to grow and compete sustainably in the region.
The regulator is working with the sector to create a solid and sustainable industry capable of competing locally and regionally, says Mr Hafedh El Garbi, Chairman of the Comité Général des Assurances.
Tunis Re continues to play its role as a national and regional reinsurer, and its improved results show that the company is coping well with the challenges, says Mrs Lamia Ben Mahmoud, Chairman and CEO.
The world needs to prepare for enhanced disaster risk reduction processes, says Ms Mary Rahal of Arab Re as she reflects on the lessons learnt from the Ebola virus and other outbreaks.
Technology and data-driven underwriting holds great promise for both insurers and insureds. However, as long-time principles such as risk pooling and mutual risk sharing erode, governments may have to actively accompany the transition to a new...
With larger container tonnage becoming commonplace, lashing and securing is an important part of the process which when it fails, can have significant consequences, says Mr Julien Horn of TT Club.
Insurers need to understand the intricacies that go with insuring a project and ensure that their risk engineers work closely with contractors to have a robust risk management plan in place, says Ms Hema Padmanabhan of Abu Dhabi National Insurance...
Urbanisation is altering the focus of construction investments in the Middle East, presenting a number of concerns for insurers, says Mr Keith R Chapman of Willis.
The focus for third-party administrators (TPAs) is no longer on getting better discounts or winning more business, says Dr Sameer Mankani of Neuron.
Insurers and reinsurers in the Middle East are adopting increasingly sophisticated risk modelling approaches to not only shape the most effective reinsurance programmes, but also to achieve regulatory approval and business growth by looking at the...
Sheikh Faizal Manjoo of Hannover ReTakaful explores the legal and fiqhi aspects of the nomination clause in takaful and pension contracts.
Mr Abdessamad Laghmouchi of Laghmouchi Law and Mr Muktisjah Ramli of Takaful Outsource look at the opportunities in takaful pensions from legal and tax perspectives.
Despite the need for a genuine retirement takaful plan, it is still one of the major missing pieces from the current Shariah-compliant product range, says Mr Nor Azman Zainal of Prudential BSN Takaful Berhad.
Sluggish growth and a failure to differentiate Islamic insurance products from their conventional rivals mean that takaful operators need to move beyond their comfort zones to realise their potential, said speakers at the 10th World Takaful...
Bancassurance is becoming an integral part of insurers' distribution strategies but there are still many challenges to overcome, said speakers at the 4th Middle East Conference on Bancassurance & Alternative Distribution Channels in Dubai.
Young professionals should believe in their career, put in effort and persist, but more importantly, patiently await the rewards, advises Mr Fahad Al-Hesni,, CEO and Managing Director, Saudi Re.
Ms Susan Dingwall and Mr Martin Schneider of Norton Rose Fulbright LLP summarise the latest regulations issued by the Insurance Authority of the UAE while offering key pointers.
Following the resounding success of the inaugural Middle East Insurance Industry Awards (MIIA) in 2014, Middle East Insurance Review (MEIR) is organising the Awards again this year to recognise and fete the best in the industry.
As part of its expansion drive for 2015, MENA Insurance CEO Club (MICC) welcomes two new members: Mr Julio Garcia-Villalon, Regional Head, Middle East & Africa of MetLife; and Mr Ahmad Idris, CEO of Abu Dhabi National Insurance Company (ADNIC);...
The average white-collar salary across the Gulf region rose by 7.88% to US$11,211 last year, according to the Gulf Business 2015 Salary Survey.
Lloyd's is making progress in growing its global access and is continuing to work hard to open up markets such as Turkey, Malaysia and Colombia, said Chairman John Nelson in the company's 2014 results statement.
Countries and governments need to work together in partnership with community organisations to immunise vulnerable segments of the population against extremist ideologies and defeat the terrorism threat, said terrorism expert Rohan Gunaratna.
Bahrain Kuwait Insurance Co (BKIC) has increased its stake in Takaful International to 41%, barely a week after acquiring a 10.8% holding in the Islamic insurer, according to a statement on the Bahrain Bourse.
Amman-headquartered takaful operator, First Insurance Co, has acquired a controlling stake in Yarmouk Insurance Co, a composite player in Jordan.
Malaysian corporates, including takaful operators, should further understand opportunities in ASEAN to fully utilise Malaysia's chairmanship of ASEAN this year and take part in its future growth, said Datuk Seri Abdul Wahid Omar, Minister in the...
XL Group, together with specialist Shariah-compliant managing general agency Cobalt Underwriting, has launched a takaful product available through Lloyd's of London.