Time for takaful
InsurTech pioneers innovation in MENA
GCC credit insurance market set to grow despite risks
Insurance growth on cards despite headwinds
Expectations of industry consolidation
Geopolitical risks and regulatory compliance to test markets
A wider but challenging landscape for insurers in 2025
Navigating transformation and seizing opportunities
Regulatory reform reshapes insurance market for all
Macroeconomic tailwinds will drive insurance growth
A better understanding of risk
GCC insurance outlook: Growth and resilience
Insurers must adapt or pay the price
Maximising new technologies to scale innovation
Kuwait
Kuwait's life insurance industry gets government boost
Kuwait insurance: Growth and transition
Kuwait: Digital and regulatory shifts revitalise L&H insurance
Developing local talent for the insurance sector
Diversification and digital innovation drive non-life market in Kuwait
Kuwait regulators explore new healthcare solution for retirees
Health bullish, motor and takaful face hurdles
SIRC continues to facilitate industry advancement
Building a reliable platform for growth
Where are all the InsurTechs?
General
View from India - Product innovation and customisation impact insurance adoption
UAE: AI presents viable solution to medical claims issues
Acquiring digital market share without AI integration
Participation insurance in Türkiye: Breaking new ground
WIN sparks change in MENA insurance
Egypt insurance set for sustained growth
An opportunity for the global insurance industry
MENA
MENA: Reinsurers gain from pricing environment
MENA: Actuaries League elects chairman and vice chairman for 2024-26
GCC: Gulf Insurance Forum resolutions focus on climate change and tech
GCC: Weaker underwriting performance slows down profit growth in 9M2024
Algeria: Insurance market grows by 8.8% in 1H2024
Bahrain: Higher operating costs dent net profits of insurers in 1H2024
Egypt: Life insurers to check credit status of applicants
Egypt: Insurers cooperate with regulator to develop parametric insurance and Nat CAT insurance pool
Jordan: Insurance premiums grow by nearly 5% to over $850m in 9M2024
Kuwait: GIG posts 3.3% increase in net profits for first three quarters
Morocco: Insurance industry posts profits of over $312m in 1H2024
Oman: Trade chamber proposes the establishment of a distinct regulatory agency for the health insurance sector
Qatar: QIC's net profit jumps by 16% to $144m for first three quarters of 2024
Saudi Arabia: Insurance sector's net profit jumps by 15% to $800m in first three quarters
Saudi Arabia: Insurers with reinsurance licenses expect significant increase in revenue due to new reinsurance regulation
UAE: Motor co-insurance costs on the rise
UAE: Listed insurers post combined pre-tax profits of $544m for the first three quarters of 2024
Global
Global: Growth in the shadow of geopolitics
Global: Outlook for global reinsurance industry remains positive
Global: Firms must adopt now or risk falling behind
Takaful
GCC: Solidarity Bahrain acquires 29% stake in UAE insurer
Bahrain: Takaful International maintains strong operating performance
Indonesia: Two insurers complete spinoff of takaful windows
Malaysia: ASEAN chairmanship in 2025 to propel takaful market
Philippines: Pru Life UK receives the country's first takaful licence
Global: ESG sukuk to exceed $50bn by 2025
Insurance Authority and Saudi Red Sea Authority launch coastal tourism insurance product
Solidarity Bahrain launches life takaful protection plans
Howden introduces streamlined cyber insurance solution
HAYAH Insurance launches two new savings products
Al Salam Bank launches third-party motor takaful coverage in Bahrain
People on the move
MARKET PROFILE - Kuwait
Buy Now
AI
Long-standing issues such as healthcare costs and patient expectations are continuing to rise in the UAE. According to Sehteq-CloudKair Solutions’ Dr Saif Aljaibeji, more insurers are turning to AI for help.
TAKAFUL
Participation insurance is making inroads into Türkiye and continues to expand supported by demographic factors, rising demand for products and strong regulatory backing, according to Neova Participation Insurance’s Ms Neslihan Neciboglu.
Many of the numbers that are bandied about that claim to represent a measure of the size of the global takaful market have to be treated with some degree of scepticism.
The GCC currently leads InsurTech growth in the MENA region and with gen AI, this wave of innovation is expected to propel the evolution of insurance and InsurTech across the MENA region from 2025, says Agile Financial Technologies’ Mr Kalpesh...
As economic uncertainties and shifting market conditions spur demand for trade credit insurance in the GCC, insurers are refining coverage options and pricing strategies to protect companies against trade risks and defaults, says Allianz Trade...
The Middle East insurance industry is set for growth, despite challenges such as medical inflation, says Cigna Healthcare MEA’s Ms Leah Cotterill.
As awareness of protection continues to rise alongside population growth and economic expansion, Kuwait’s life insurance industry is also benefitting from a scheme promoted by the Central Bank of Kuwait.
Kuwait’s insurance market is set to keep its growth trend in 2025, driven mainly by medical insurance schemes and economic expansion. However, the market has faced challenges, including regulatory transitions and the termination of a crucial...
Although trailing its GCC peers, Kuwait’s life and health insurance industry has still significantly transformed digitally and regulatorily over the past year, according to Kuwait Insurance Company’s Mr Sami Sharif.
The 20th Singapore International Reinsurance Conference took place in early November and continued its run as the most important (re)insurance industry event in Asia. We present some of the topics that were covered during the conference.
As the GCC region offers substantial prospects for (re)insurance providers, there is a growing demand for reliable and adequate capacity to help markets develop on a sound basis, says HDI Global’s Mr Willem van Wyk.
Saudi Arabia has emerged as a promising hub for fintech, as part of its ongoing digital transformation and economic diversification under Vision 2030. InsurTech remains underfunded and less mature by comparison. Celent’s Mr Todd McGregor...
Despite the fact that the insurance sector in India is showing remarkable growth, penetration has remained stagnant for years. PB Fintech’s Mr Sarbvir Singh says personalisation and customisation of insurance products can help remedy the...
As the insurance industry continues to transform digitally, Click To Secure Insurance Technology’s Dr Hisham Safadi says that immediate AI integration is not necessary to expand digital market share.
The Womens Insurance Network (WIN) MENA Conference 2024, a one-of-a-kind event, brought together a wide range of women working in the insurance sector in the MENA region and beyond.
Backed by a dynamic federation and a proactive regulatory body, the insurance industry in Egypt is achieving remarkable progress. With the new Unified Insurance Law in place, the groundwork is set for sustained growth and wider insurance penetration.
India’s first operational international financial services centre, the Gujarat International Finance-Tech City is shaping up as a regional (re)insurance hub for Asia, says IFSCA’s Mrs T Alamelu.
Reinsurers domiciled in the MENA region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best.
The Arab Actuaries League has elected Childers Group chief actuary Wasem Tabaa as chairman of the regional professional association for the period 2024-2026.
Organised by the Emirates Insurance Federation, the 19th Annual Gulf Insurance Forum was held in Dubai on 15-16 October 2024 and had 200 delegates.