Race back to normality
General
Financial lines market transitioning rapidly
Building for the future
Delivering on the 'utmost good faith' promise
A beacon of stability in uncertain times
Qatar
A level of robustness to underlying premiums
A bright new chapter
Poised for further growth
Market ready to thrive
Dubai
Growing despite hurdles
Further advances of takaful operations globally
D&I critical to business recovery
Rising to the ESG challenge
The wind is turning
Insuring renewable technologies
Managing insurance fraud through collaboration
Data-driven fraud detection solutions gaining
Fraud management in the Indian insurance sector
MENA
MENA: Economic recovery will be modest in 2021
MENA: US/Iran, Saudi Arabia and COVID-19 loom over political risk landscape
Algeria: Insurance industry acts to counter hit to business
Morocco: Regulator issues info guide on catastrophic event insurance
Morocco: Multi-agency coordination panel finds insurance sector resilient despite COVID-19
Saudi Arabia: Ministry seals $3bn financing deal with K-Sure
Turkey: Finance minister says govt to act to boost insurance sector
UAE: Health and motor insurance estimated to have boosted insurers' profits by 10-12% in 2020
UAE: Regulator suspends reinsurance rating requirements for one year
Global
1 Jan renewals seen as orderly and efficient - Aon
Credit insurance rates to harden further as more insolvencies expected
Property rate increases more moderate than earlier predicted
Cyber crime to cost $10.5tn annually by 2025
Takaful
AAOIFI approves exposure draft on revised financial accounting standard
Oman: Takaful operator gets green light for sukuk offer
Saudi Arabia: Insurer aims to increase capital through rights issue
Saudi Arabia: Regulator penalises directors and senior execs of financially stricken insurer
Saudi Arabia: Insurer completes sale of fractional shares
Product bites
People on the move
MARKET PROFILE - Qatar
Buy Now
DIVERSITY & INCLUSION
Ensuring that D&I remains a core part of the business agenda during a crisis or downturn is essential for a company’s recovery, resilience and innovation.
ESG
As environmental, social and governance (ESG) issues are of increasing concern to the insurance industry, tremendous opportunities await Middle East insurers that plan and respond effectively to the fast-changing environment.
BROKING
BMS chairman of international operations Peregrine Towneley says personal relationships are still absolutely key in MENA as he outlines how brokers can respond to changing conditions amid the COVID-19 pandemic and the competitive landscape in the...
The temptation to say ‘enough is enough’ about the pandemic must be very hard to resist as corporates struggle to get back to business as usual. Unfortunately the thin dividing line between ‘courageous’ and...
Ms Aisling Malone of Berkshire Hathaway Specialty Insurance and Ms Shabnam Karim of Norton Rose Fulbright give an insight into the state of the financial lines market in the region.
Misr Insurance Co (Misr) is undergoing a major organisational restructuring that will fortify its leadership position in the market, modernise its business tools and support the company’s ability to deal with future challenges, says newly...
Sedgwick country manager in Kuwait Simon Weston believes the COVID-19 crisis can be a defining moment for the loss adjusting industry to reinforce that the claims manager/loss adjuster has a pivotal role in delivering the ‘utmost good...
Middle East Insurance Review spoke to AM Best financial analysts to find out the state of the Qatari insurance market and where it’s headed.
The lifting of the blockade on Qatar marks the end of a three-year rift between the state and its neighbours, signalling renewed prospects for trade and development in the Gulf, says Mr Anthony Harris of Tysers Insurance Brokers.
QLM Life & Medical Insurance Company faces bright prospects following its public listing and Qatar’s renewed ties with its Gulf neighbours.
The UAE insurance market achieved growth in the past year, exhibiting resilience despite the pressure on the country’s economy. There are encouraging signs that growth will continue amidst intensifying competition.
Prof W. Jean Kwon of St John’s University discusses the issues concerning capital, human resources and operational efficiency management in the takaful market.
With the growth of renewable energy production in MENA, one of the greatest risks is the uncertainty of weather variability. Mr Marcel-Steffen Reif of Munich Re discusses the benefits of weather risk management solutions for owners and investors.
The deployment of new renewable energy technologies, especially in remote locations, poses a number of challenges for insurers, says Mr Mamoon Alyah of CEERISK Consulting.
The fight against fraud in the MENA region and across the globe would benefit from a more collaborative effort using a consortium process model, say Messrs Jonathan Matchett of EY and Dennis Toomey of BAE Systems Applied Intelligence.
With the growing sophistication of insurance fraud, insurers are adopting more advanced analytics and machine learning technology as a solid wall of defence, says Mr Celal Kavuklu of SAS Middle East & Africa.
Fraud-detection processes in the insurance industry often seem to be playing catch-up rather than leading the way. Finexure Consulting’s Tarun Kumar Singh explains what the industry lacks and how it can achieve a fraud-free performance.
The recovery iscontingent on containment of the pandemic, stabilising oil prices, no further escalation of geopolitical tensions, and the assumption of a vaccine rollout in the second half of the year. The COVID-19 pandemic caused output losses in...
For countries in MENA, three key issues exist on the political risk landscape: US/Iran relations under a Biden administration; Saudi Arabia’s role in the region and dealing with the economic fallout of COVID-19, according to the January 2021...
Insurers in Algeria have proposed certain measures to mitigate the negative effects of several adverse developments in the industry, according to Alliance Assurances CEO Hassen Khelifati.