GAIF as a symbol of growth
Algeria
Algerian insurance regulation picks up pace
Health insurance sees highest growth in GWP
Macroeconomics impact Algerian reinsurance
More to come for Algeria's insurance industry
Untapped potential in Algerian general insurance
GAIF triumphant
Great achievements for GAIF's 60th anniversary
Insurance is not ready for AI
How insurance regulators cope with AI
Sustainable insurance practices brought to life
Challenges faced by regional brokers in the Middle East
Lebanon: Overcoming brokerage challenges hinges on regulator
New regulation to support brokers in North Africa
Promising prospects for Saudi broker industry
UAE broking anticipates a boom year
Syria
Growth in Syria's insurance market despite economic challenges
General
View from India - Indians are ready to adopt motor telematics
How substantial consolidations impact insurers in the Middle East
Marine insurance capacity remains unaffected by Israel-Gaza war
Life & health
MENA insurers addressing mental health challenges
SIRC Connect
Innovating insurance for a resilient future
Public-private partnerships can mitigate climate impact
Further cooperation between Arab markets must be promoted
Integrated healthcare system crucial for Saudi's health insurance goals
Saudi's vast health insurance goal
Complementing offerings from conventional insurers
Takaful offers valuable alternative risk mitigation for South Asia
International Women’s Day
Passing the torch: A heartwarming tale of family succession
MENA
GAIF: GAIF's 34th Conference award addresses AI development in the region
GAIF presidency goes to Oman
GAIF resolutions: Aspirations for further development with emphasis on AI and technology
GAIF: Jordan to host GAIF's next conference
GCC: Insurance market to be propelled by economic diversification, demographics and infrastructure projects
Middle East: Marine insurers continue to support trade in the Red Sea
Egypt: Inflation and currency problems to drag on insurance market growth in 2024
Egypt: Regulator said insurers are to record sales calls with customers
Jordan: Insurers and doctors reach agreement on medical fees
Lebanon: Chedid Capital's risk management institute launches second cohort of professional certificate course
Morocco: Parametric insurance pool pays out $275m for Sep 2023 'quake
Qatar: Insurance industry's prospects boosted by economic growth, infrastructure
Saudi Arabia: Country's share of GCC insurance market projected to expand in next five years
Türkiye: Government's 2023 cash support for Kahramanmaras earthquakes exceeds $3.46bn
Türkiye: Regulation governing traffic insurance platform begins
UAE: Dubai health insurance system handles transactions totalling over $5.9bn in 2023
UAE: Insurance association explains when cosmetic surgery claims are allowed
Global
Global: New global advisory council to drive industry-wide collaboration and digitalisation
Global: Marine insurers continue to support trade in the Red Sea and Black Sea
Global: Swiss Re's net income surges by 580% to $3.2bn
Takaful
Algeria: El-Djazair Takaful's contributions reach around $600,000 in 2023
Indonesia: New capital requirements for takaful operators to shape sector's dynamics
Malaysia: Takaful association targets doubling of penetration rate to 40% by 2028
Malaysia: FWD launches new takaful products
Qatar: Takaful operators report encouraging results in 2023
Tanzania: First United Takaful launches operations
UAE: Watania's turnaround strategy places group in healthy financial stead for 2024
UAE: SALAMA records 20% revenue growth in 2023
Spike in political risk threat to supply chains
Companies are recognising the dangers of reputational risk
Workplace deaths up 12% in past two decades
Global economic stagnation could cost $5.2tn
Work-life balance is as important as career progression
New code of conduct for insurance market using AI
Deepfake fraud and deglobalisation among new insurance risks
Insurers must adapt to energy transition or will disappear
Cyber insurance market growing dramatically
Global warming exceeded benchmark for the first time
Increasing air pollution may spur risk of suicides
Cyber risk predictions for 2024
Al Futtaim Willis and iO Health partner to enhance healthcare delivery in UAE
Guy Carpenter new cyber reinsurance product, CatStop+
WTW cyber insurance coverage for SMEs
Takaful International launch insurance product for critical illnesses
People on the move
MARKET PROFILE - Algeria
Buy Now
GAIF
The first main session of GAIF 34 addressed one of the big issues head on: How is the sector leveraging AI to disrupt and reshape the Arab insurance landscape?
BROKING
Gaining a foothold in multiple markets in the Middle East can be tough for a reinsurance broker. Smaller players may also be impacted by significant M&A activity among brokers in the region. Middle East Insurance Review spoke to Protection...
Everyone working in the (re)insurance sector in the MENA region is aware that, despite sociopolitical setbacks and tensions, the industry is undergoing a period of acute change.
Like many other insurance regulatory environments, Algeria needs to keep pace with the speed of developments in the market – from Nat CAT cover to InsurTech. Middle East Insurance Review takes a look at recent developments on the regulatory...
In 2023, Algeria’s life and health insurance market saw significant development driven by a growing awareness of the importance of insurance protection and an evolving regulatory landscape. In particular, the health insurance market saw the...
The Algerian insurance market posted 4.3% growth in turnover of DZD82.1bn ($597m), for the first half of 2023, in comparison to the same period in 2022, which also had a ripple effect on the reinsurance market. We spoke to Compagnie Centrale de...
The opening ceremony of 34th General Arab Insurance Federation Conference will live long in the memories of everyone who attended.
GAIF has been and remains the sole representative for insurance and reinsurance companies in the Arab world and the number of members is proof of its position. Despite challenges hindering Arab cooperation, GAIF remains an exception in terms of the...
The brokerage channel in Lebanon faces similar challenges to those felt by other providers in the market but remains underdeveloped with more efforts required to enhance its contribution to the development of the sector. The regulatory regime is...
Although regulations were introduced in Egypt to authorise corporate insurance brokers, the number of entrants in the market has been declining, according to Egyptian Insurance Brokers Association’s Mr Adel Shaker. Meanwhile, Marsh...
It can be tough for insurers to operate in a country like Syria which has been plagued by economic crisis and poverty due to conflicts spanning over a decade. We look at the latest developments from the country’s insurance market.
The majority of Indians are ready to jump on the telematics and usage-based-insurance bandwagon provided insurers can offer value for money. Are Indian insurers ready to innovate and serve what customers want? Zuno General Insurance’s Ms Pooja...
M&A activity is common in the Middle East and some consolidations involve large insurance groups operating across markets in the region. We spoke to experts to find out how these consolidations may impact the insurance industry.
The geopolitical impact of the Israel-Hamas war has reverberated throughout the shipping and maritime industry. This has prompted international companies to issue advisories urging caution and to adjust their operations in the region accordingly....
Amidst the escalating frequency and severity of natural disasters impacting Asian communities, traditional insurance models are increasingly being challenged, says Risk Lighthouse’s Mr Joey Zhou.
Policymakers agreed to establish a fund that would help compensate vulnerable countries coping with loss and damage caused by climate change during COP28 in November and December 2023. According to MNK Re DIFC’s Mr Mario Nahas, reinsurers can...
The Arab region is facing risks beyond the capabilities of (re)insurance companies alone. Oman Re’s Mr Khaled Nouiri believes the Arab markets must collaborate and establish (re)insurance pools to meet protection needs.
In the Kingdom of Saudi Arabia, one of the targets of Vision 2030 is to cover 25m beneficiaries. EY MENA’s Messrs Taher Fakhri and Jonathan Matchett share some insights.
Under Vision 2030, the Kingdom of Saudi Arabia is aiming to provide health insurance cover for 25m people. Investments in infrastructure and technology make this an achievable goal but challenges remain. Middle East Insurance Review spoke to Gen...
InsurTechs are uniquely able to navigate the intersection of insurance and technology to make an impact and address protection gaps, PolicyStreet’s Mr Lee Yen Ming said. We caught up with him to find out more.
While takaful has had low penetration in markets in South Asia, it presents substantial potential for providing microinsurance solutions to diverse segments of society in the developing region. We spoke to HNB General Insurance’s Mr Sithumina...
Succession planning in any industry often conjures images of boardrooms, strategic manoeuvres and corporate jargon. However, there’s a delightful side to the process when it involves a touch of familial flair. In this heartwarming tale,...
Misr Insurance Holding senior specialist marketing and business development Azza Gaber has bagged the 34th GAIF Conference Research Award which was presented in Muscat last month on the sidelines of the GAIF conference.
As per the General Arab Insurance Federation’s (GAIF’s) rules, Oman as the hosting country for this year’s general conference will assume the presidency of the GAIF for the next two-year term which lasts until the next gathering of...
At the end of the 34th GAIF General Conference, the board of directors announced a number of recommendations to be adopted for the next period, most of which emphasised developing the organisation’s corporate governance structure and forging a...
Multinationals are diversifying their supply chains to build greater resilience face growing political risk and civil unrest threat in the majority of emerging market manufacturing hubs according to risk intelligence firm Verisk Maplecroft.
Environmental pollution, discrimination or human rights violations can result in serious reputational damage and companies are becoming increasingly aware of this risk according to the latest edition of WTW’s Reputational Risk Readiness survey.
Global work-related deaths have jumped more than 12% since 2000 according to new estimates from the International Labour Organisation (ILO).
Al Futtaim Willis (AFW), part of insurance broker company WTW and iO Health, an AI and healthcare digital innovation company signed an MoU to bring better healthcare solutions to all AFW clients in the region using the iO Health’s intelligent...
Guy Carpenter launched a new cyber reinsurance product, CatStop+, to address and manage the volatility of cyber risk in the market.
WTW launched a new cyber insurance offering for SMEs with annual revenues under $50m.