MENA market growth trails behind global rate for the first time in 10 years
Reinsurance
Chasing growth with tenacity
The InsurTech challenge
Expanding capabilities: Saudi Re
Oman
A highly competitive market
Takaful outpacing market growth
On the path to success: Oman Re
HR Management
Talent matters in times of change
New approaches to attract, engage and retain
Healthcare
Digital innovations the cure for health insurers
GCC healthcare trends signal a need for change
Marine insurance
Misdeclared dangerous goods: A matter of life and death
Technology
At the cutting edge of the blockchain insurance revolution
Harnessing technology for success
Legal Page
Good faith in the UAE - Impact on marine claims
Customer centricity is top of the agenda at upcoming LIMRA Life Conference
MENA
Middle East: Economic growth to improve to 2.4% this year
Middle East: UN body highlights climate change threats
EMEA: Six insurers within the region win LOMA Awards
GCC: Demand for low-skilled migrant workers will stay high in short term - ILO
GCC states expected to break heavy dependence on oil by 2050
GCC: Man-made risks require reinsurers to increase focus on ERM
Algeria: 1Q premiums rose by 8% to $331.5m
Algeria: Farm sector wilts in heatwave with little insurance
Bahrain: First Gulf state to offer real estate insurance bonds
Egypt: Committee formed to promote microinsurance
Egypt: Private insurance funds see stable performance last year
Iran: US sanctions seen barring Lloyd's IT platform for Iranian trade
Iran: Regulator reveals risk retention and inward reinsurance capacity of insurers
Jordan: Profits of 21 insurers surged 332% to $13.5m in 1H
Jordan: Govt to unify health insurance funds
Kuwait: Minor accident settlement law saves time
Kuwait: Ahlia National gets licence for general business
Lebanon: 100% universal health insurance will take several more decades
Morocco: Insurers deemed vulnerable to bank failures
Oman: Insured losses from Mekunu exceed $280m
Oman: Mandatory health cover to boost non-life insurance
Oman: Regulator warns drivers against crossing flooded wadis
Palestine: Financial regulator brokers agreement between insurers and hospitals
Tunisia: Amended insurance law likely to be ready this year
Tunisia: 90% of motorbikes are uninsured
Turkey: Premiums up 20.5% to $5bn in 1H
Turkey: Carrier liability insurance made mandatory for freight forwarders
Turkey: Milliman sets up office in Istanbul
UAE: IA plans mandatory liability insurance for engineers & doctors
UAE: Abuse accounts up to 15% of health premiums
UAE: Regulator spells out bancassurance conditions
UAE: Average premiums for top 5 car brands down by 8% in 1H
UAE: Insurance sector has exposure to hard-hit Abraaj Group
UAE: ADNIC's 1H net profit grew 17% to $41m
UAE: Replacement car and personal accident most popular add-on covers in 2Q
UAE: RTA and Dubai Police to start trial run of Traffic Incidents Management Scheme this month
Global
IIS to open offices in Singapore and London
Industry-wide pledge launched to drive greater inclusion at workplaces
Aon: Global insured Nat CAT losses during 1H18 is 40% lower than 10-year average
Qatar Re closes Singapore branch office after just three years
IR4 Conference to ride on the Korean digital wave
Takaful
A.M. Best sweeps up Best Rating Agency for Takaful award for the fourth time
Takaful Rendezvous 2018 goes 'Back to basics'
GCC: Islamic insurance sector to remain profitable in 2018 despite decline in net income
Kenya: New takaful regulations expected to be issued by year end
Malaysia: Govt mulls health takaful for low- and middle-income citizens
Malaysia: IFSB issues the first working paper on takaful
Philippines: Market not yet ready for takaful
Saudi Arabia: Health ministry cancels contract with two large insurers
Saudi Arabia: Health premiums too high for the elderly
UAE: AXA LM acquires majority stake in Emirates Re
People on the move
COVER STORY - Reinsurance
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COUNTRY PROFILE - Oman
Profitability of the Oman insurance sector has improved notably in 2017, but challenges remain amidst a competitive business environment and tough economic pressure. Inadequate pricing of risk and the fragmentation of the sector will continue to...
FEATURE - HR Management
With the shifting business landscape and the relentless pace of automation, insurers need to evolve and develop talent at all levels to better position themselves and remain competitive in the digital age.
Everything comes alive in September no matter how hot or chaotic the summer has been. The world is going through chaotic times with the various Trump spats with China, Iran and Turkey rippling through the trade and financial markets. And this summer...
The MENA insurance industry is seeing its slowest premium growth for the first time in almost a decade as the majority of the markets posted sluggish growth in both life and non-life businesses on the back of slow economic activity coupled with...
Persisting overcapacity has been the key reason for ongoing soft market conditions in the last 12 months. Despite the ‘survival of the fittest’ operating environment, reinsurers in the Middle East remain optimistic about the...
The possibilities and opportunities of new technologies such as blockchain can have a real and beneficial impact on the reinsurance markets in the MENA region, says Mr Hatem Jabsheh of International General Insurance (IGI). However, more needs to be...
As Saudi Arabia’s sole local reinsurer, Saudi Cooperative Reinsurance Co (Saudi Re) is firming up its standards to open new markets and further consolidate its position as a reliable solution provider, says the company’s managing...
Takaful in Oman has seen an impressive growth since Islamic finance was introduced in the sultanate in 2013.
Armed with a prudent underwriting and diversification strategy, Oman Reinsurance Co (Oman Re) is gradually improving its strength while remaining relevant to the needs of its local and regional markets, says COO Khaled Nouiri.
The shortage of insurance professionals and the dearth of insurance programmes at tertiary levels are common challenges for HR managers in the Middle East. To overcome these challenges, companies should focus on employee experience, innovative...
The implementation of digital and analytical tools in health insurance should be part of an overall strategy to reduce costs and maintain a competitive edge in the industry, says Mr Ihab Alameh of Munich Re.
Global reinsurer MS Amlin, which is part of the pioneering team behind Insurwave, is leveraging blockchain technology to help its clients solve their problems and make their businesses more efficient and profitable.
Dubai Insurance is partnering with Beyontec Solutions to manage its life and medical lines of business in its drive for greater efficiency.
There are differences between common law and civil law systems as to the nature of the duty and the time of application of the concept of good faith. Messrs Samuel Wakerley and Thomas Neighbour of HFW Dubai highlight the key points to bear in mind...
The customer journey – a crucial topic in today’s business climate – will take centre stage at this year’s LIMRA EMEA Life Insurance Conference, which is set to attract industry leaders across Europe, the Middle East and...
Economic growth in the Middle East, despite a relatively slow start in the first quarter and a heightened geopolitical environment, is expected to reach 2.4% this year, according to the ‘Economic Insight: Middle East’, a quarterly...
While the Arab region is already the planet’s most water insecure and food-import-dependent region, temperatures in the region are now rising faster than the global average, with climate change threatening to reduce food and water productivity...
Six companies within the EMEA region have won the prestigious LOMA Education Awards this year. Britam (Kenya) and Zurich International Life (UAE) have been awarded the Excellence in Education Award, while Sun Life Financial (Ireland), Liberty Life...