Bridging the gap
UAE
Insurance broking reform increases both scrutiny and opportunity
Market in growth mode
Risk-based solvency and financial health of insurers
Profitability within reach for brokers despite headwinds
Rethinking UAE Nat CAT preparedness
Regulatory initiatives to drive health segment
Life insurance at an inflection point
UAE motor insurers adapt to changing market dynamics
Takaful can appeal to expatriates too
MGAs power DIFC dominance in MEASA
Regulatory shifts an opportunity for reinsurance brokers
How MGAs bridge insurers and emerging niche risks
MGA incubators set to debut in MENA
The cascading effect of geopolitical risks in aviation underwriting
MGAs offer (re)insurers both lower prices and risk
Brokers: Clients' new allies in battle for talent
Diverse risks, diverse specialties
General
Microinsurance: The power of regulation and data
AI in GCC insurance: Gaps in awareness
The digital transformation of travel insurance
Will air pollution dictate health insurance premiums?
Creating a sustainable takaful ecosystem
Tightening reinsurance markets warrant insurer diversification
Insurers brace for improved longevity
Poseidon Principles raises bar for marine insurers
Renewables insurance: Supporting MENA's energy transition
Greener horizons for Middle East insurers
Anoud Tech: Redefining the digital transformation of the insurance industry
MENA
MENA: Active Re reports strong financial results for 2024
MENA: Bajaj Allianz General Insurance announces Global Insurance Excellence Awards with Asia Insurance Review
MENA: Liva and Relm forge partnership to support emerging and innovative sectors
GCC: Health insurance expected to be factor driving growth in healthcare industry
GCC: Qatar Insurance Group makes strategic investments in InsurTech startups
Algeria: Algeria ministry of finance licenses four new insurance brokers
Bahrain: Takaful International's net profit rises by 9% in 2024
Bahrain: Arab Insurance Group posts higher profits in 2024
Egypt: Regulator raises microinsurance coverage ceiling by 25%
Egypt: Insurance Federation and regulators to develop smart ship framework
Jordan: Solidarity inks bancassurance agreement with Islamic International Arab Bank
Jordan: Premium volume in 2024 surpasses record-breaking $1bn mark
Kuwait: Kuwait Re reports 30% jump in profit in 2024
Lebanon: GlobeMed Lebanon and Libano-Suisse Insurance win health insurance contract covering 125,000+ beneficiaries
Morocco: Insurance market grows to $6bn in GWP in 2024
Morocco: Insurance federation head urges single African market
Nigeria: Insurance regulator NAICOM calls on insurance industry to develop cyber insurance
Nigeria: FITC highlights growth, tech and penetration challenges in Nigeria insurance market
Oman: Oman Re's 2024 reinsurance revenue and after-tax profits jump by nearly 20%
Saudi Arabia: Saudi Re reports record profit, plans capital increase
Saudi Arabia: Tawuniya net profit jumps by 66% in 2024
Türkiye: Market growth of 72.5% in 2024
UAE: Orient Insurance's net profit climbs by 15% to $199m
UAE: DIFC celebrates 20th anniversary with strong growth momentum
UAE: Sukoon set to tap government's insurance initiatives for growth
UAE: Nas Neuron Health Services unveils new brand identity and unified digital experience
Global
Global: Geopolitical tensions, increased protectionism destabilising supply chains in 2025
Global: Structured credit and political risk insurance market capacity rises to meet demand
Global: ILS market posts stellar returns again in 2024
Global: Lloyd's reports sustainable, profitable performance in 2024
Takaful
Egypt: Takaful market grows faster than conventional business in 2024
Indonesia: Growth of family takaful business outpaces that of conventional life insurance in 2024
Pakistan: Rule changes provide for takaful windows to disclose results in financial statements
Pakistan: Salaam Family Takaful, Dubai Islamic Bank to offer innovative shariah-compliant financial solutions
Qatar: Doha Takaful to become a listed provider
Saudi Arabia: Al Rajhi Takaful maintains stable net profits in 2024
Türkiye: Neova achieves substantial growth in 2024
Product bites
People on the move
MARKET PROFILE - UAE
BROKERS & MGAS
The Middle Eastern sector has been a dynamic area of late, with a variety of emerging risks and advancements within the sphere influencing and driving change in the traditional approach to risk assessment and coverage provision in aviation insurance.
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REINSURANCE
Every insurance market will have to grapple with the inevitability of an ageing demographic. The industry must ensure that the elderly customers are not left behind and the industry is equipped to take care of them, by developing products that...
INSURANCE - General
The travel insurance industry, more than any other, is becoming digital-native and experience-driven. Embedded coverage, AI-powered personalisation and mobile-first solutions are the name of the game.
NOTEBOOK
The insurance industry has traditionally lagged behind other financial sectors in adopting digital transformation. Unlike banking, telecommunications and retail—industries that have significantly improved efficiency and customer experience...
Brokers seem to make the insurance world go round. For a journalist, at least, brokers are the best people to talk to about any topic that involves the industry, because they tend to have the broadest perspective. After all, they have to be able to...
The UAE regulator has acted on increasing transparency, scrutiny and protection in insurance broking. The recent changes in definitions, new restrictions and rules will fundamentally alter operations in this area.
The UAE insurance market has been abuzz with activity spurred by players looking beyond short-termism and investing in long-term growth. Emirates Insurance Federation’s Mr Fareed Lutfi looks back on the past year.
The enforcement of solvency requirements for the UAE’s insurance sector is attempting to address financial stability in the market while stimulating growth. The commitment to a risk-based solvency framework, aligning with global best practices...
The Dubai International Financial Centre (DIFC) is cementing its position as the region’s leading hub for insurance and reinsurance. DIFC Authority’s Mr Salmaan Jaffery told us how a strong pipeline of new MGA entrants and a visionary...
Shifts in regulations have paved the way for market growth and risk sophistication, among other benefits, for the reinsurance segment in the Middle East, contributing to a more sustainable and resilient sector. This translates to opportunities for...
Managing general agents can offer insurers specialised underwriting capabilities that would otherwise require direct in-house expertise, offering tailored coverage for emerging technologies and associated risks in the aviation and energy insurance...
Microinsurance is making inroads into underserved markets with buy-in from regulators and insurers. The model has had mixed success, showing impressive growth, although the protection gap remains large.
The GCC insurance sector is at a crucial juncture where AI adoption is inevitable but poor awareness is clouding implementation. Insurers who address these anomalies can make AI work to its full potential.
Takaful is a promising sector with a strong potential for success and growth. However, there is a need to create a comprehensive ecosystem for the takaful business to cater to the sizeable Muslim communities across the world.
Due to increases in reinsurance premiums and tightening markets attributed to Nat CAT losses in the US, insurers in the Middle East are reassessing programmes and diversifying portfolios. These include reinforcing partnerships with regional...
The Poseidon Principles for Marine Insurance (PPMI) have undergone a significant shift in 2024 following the rising regulatory and market pressures on the shipping industry to decarbonise. These changes set new expectations for marine insurers,...
A significant portion of investment in renewable energy happens in the MENA region, providing a glut of opportunities for insurers. With the ambitious energy transition and investment in MENA, there must be careful study of the associated risks and...
As climate risks intensify and regulatory expectations rise, insurers across the Middle East are increasingly integrating ESG principles into their operations, aligning with national net-zero goals and reshaping insurance offerings to support a more...
Active Capital Reinsurance (Active Re) marked its 17th anniversary in 2024 with better showing across several performance indicators.
Liva Group, a leading insurance group operating across the GCC and Relm Insurance, a specialist insurer dedicated to emerging sectors, yesterday signed a strategic partnership to empower innovation and entrepreneurship in emerging sectors such as...