The battle for talent - part two
Main business imperative of reinsurance is investing in people
Ensuring SIRC remains future-ready
Is global warming shifting the diversification paradigm?
Managing risks amid price corrections and political uncertainty
MENA reinsurers' blueprint for tomorrow's risk
Egypt: Reinsurance expected to regain momentum in 2025
Algerian reinsurer eyes pricing and ESG support
Acing your medical treaty renewal
India is a growing global reinsurance hub
Takaful is a growing force in the UAE
Sudan takaful provides hope despite war
Abu Dhabi and Dubai
Takaful growth opportunities amidst challenges
UAE takaful market set to progress
UAE life insurance shows great potential
Critical illness covers are essential
UAE brokers face rising costs and InsurTech competition
Insuring construction risks in the UAE
New UAE insurance broker regulations
Insurance maintains momentum in growth and profitability
Saudi regulatory reforms and insurance innovation
Insuring the Saudi sports sector
General
The (re)insurance response to war in MENA
New insurance products for new risks
Shielding ports from business interruption risk
AI driving trust and efficiency in MENA insurance
AIRDC in Thailand amid global uncertainty
Global platform to boost microinsurance in Africa
Türkiye's new (re)insurance future
Collective effort needed for climate-related risks
MENA
Algeria: Proposed insurance law must address digital distribution and other issues
Bahrain: Strategic partnership to develop innovative consumer lending and insurance marketplace
Egypt: AXA and Egypt Post agree to form microinsurance joint venture
Egypt: New Egyptian Accounting Standard for insurance contracts in 2025
Kuwait: Health ministry guidance on suspended medical insurance scheme awaited
Morocco: Competition Council gap analysis on insurance sector
Morocco: Specialty MGA Africa & Middle East launches with new Casablanca office
Oman: Authority issues regulation on health co-insurance
Saudi Arabia: Insurers adjust capital situation
Tunisia: Direct insurers' net premiums increased by nearly 10% in 1H2024
Tunisia: Insurers mobilise for decarbonisation
UAE: DNI & UAE Cycling Federation celebrate 3 years' collaboration of working together
UAE: New insurance brokerage regulation will take effect on 15 Feb 2025
UAE: Fitch assigns Union Insurance 'BBB' IFS rating
UAE: Watania signs deal to develop centralised AI and ML business intelligence platform
UAE: Orient Insurance to expand into 3 other countries
MENA: Africa Specialty Risks operates as a Lloyd's service company
MENA: Reinsurers gain from pricing environment
Global
Global: Reinsurers' losses should stay within 2024 catastrophe budgets despite Milton
Global: Geopolitical conflict could expose global economy to $14.5tn loss
Takaful
Global Takaful Alliance to be launched in Riyadh in December
Algeria: Conventional insurers could open takaful windows to tap growth
Egypt: Takaful contributions up by 23% in first half
UAE's Al Fujairah National Insurance launches storm coverage for third-party motor policyholders
Marsh and Tokio Marine Kiln launch port disruption insurance
Liva Insurance partners with the Zubair Corporation to offer exclusive employee benefits
KSA's Tree launches the kingdom's first pet insurance
DIC and OneDegree introduce digital assets custodial risk insurance product
HAYAH and Shory launch health protection product in UAE
People on the move
REINSURANCE
MARKET PROFILE - Abu Dhabi and Dubai
The insurance market in the UAE has been making notable strides, both in terms of size of premiums and other factors that support transformation. Takaful, an integral market component, has been showing healthy vital signs. Islamic Arab...
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SAUDI ARABIA
The Saudi insurance sector has two principal levers working to deliver expansion – the kingdom’s Vision 2030 plan and a salutary regulatory environment. Tawuniya’s Mr Sultan Al Khomashi explained to the Middle East Insurance Review...
For insurance companies, the renewal of medical reinsurance treaties is a challenging but promising endeavour that can unleash growth and profitability prospects for the year ahead. LINK Insurance’s Messrs Jihad Ghanem, Jens Sonnenschein and...
Considering the high-risk times in which we live – with fighting wars and devastating natural catastrophes – it comes as something of a surprise to hear global insurance and reinsurance CEOs put the dearth of qualified talent near the...
We caught up with Munich Re’s Dr Achim Kassow to talk about the importance of talent management in reinsurance, the risk environment and what to expect in the upcoming renewals.
The Singapore International Reinsurance Conference has changed markedly over the years, becoming one of the primary ‘unmissable’ events in the industry’s calendar. We caught up with one of the main catalysts behind this change,...
As severe convective storms and other weather-related risks become increasingly synchronised across vast regions, are we overestimating the effectiveness of global diversification, the way we are looking at it, asks Deutsche Rück’s Mr...
Takaful in the UAE is showing resilience in various segments supported by favourable economic factors as well as regulatory initiatives. Although challenges persist, a clear M&A roadmap and cooperation among players could make it a winning...
Until the civil war erupted in 2023, takaful and insurance in Sudan had a consistent growth path. Seemingly undeterred by current unrest, The International Federation of Takaful and Insurance Companies’ Mr Salah El Din Musa Mohamed Sulieman...
A population composed mainly of expatriates, tough competition from conventional insurers, a limited product range and missing clarity on regulations put takaful on shaky ground in the UAE. Middle East Insurance Review spoke to Gallagher Re’s...
Low life insurance penetration notwithstanding, the UAE life insurance market has immense potential. Pragmatic support by the regulator, increasing awareness of financial protection and technical innovations are all expected to catalyse growth....
Driven by Vision 2030’s ambitious goals to diversify the economy and enhance the quality of life, Saudi Arabia’s sports sector is experiencing unprecedented growth. The nation’s investments in sports infrastructure, international...
The fighting war that has erupted in the region is involving an increasing number of sovereign actors. The potential fallout of the conflict on the price of oil is affecting business sentiment and the macroeconomic picture of the entire MENA region....
As consumers in the UAE brace for extreme weather events, especially floods, the insurance market is adapting to protect motorists from the financial burdens that follow. Al Fujairah National Insurance’s Mr Antoine Maalouli spoke with Middle...
The movement of cargo through shipping lanes and ports is not just logistics, it is a powerful symbol of a well-tuned, resilient global economy. Marsh Specialty’s Ms Louise Nevill and Tokio Marine Kiln’s Mr Ed Parker spoke to Middle East...
If technologists are to be believed, AI was designed to relieve professionals of mind-numbing tasks, preserving human capital while perfecting product development and delivery. Perceptiviti’s Mr Sandeep Khurana answered Middle East Insurance...
Thailand staged its first ever Association of Insurers and Reinsurers of Developing Countries International Conference in October. Gathered to take stock of both challenges and opportunities on the occasion were representatives of the global...
The Microinsurance Network (MiN) and African Insurance Organisation have joined forces to advance microinsurance in Africa. Middle East Insurance Review spoke to MiN’s Mr Matthew Genazzini and Ms Karimi Nthiga about the planned collaboration...
The third International Insurance Summit & Türkiye Rendezvous and XVI International Istanbul Insurance Conference discussed emerging risks such as the protection gap, climate risks and demographic changes. MEIR was there to provide a...
Algeria’s proposed new insurance law, whose enactment has been delayed, can address several challenges facing the insurance industry, said Cash Assurances former CEO Mokhtar Naouri in an interview with Algerie Eco. Among the issues the law...
BENEFIT has signed a strategic partnership with Zphin, the technology arm of PB Fintech, to develop an online platform for consumer lending, car insurance, credit cards and travel insurance, leveraging open banking infrastructure.
AXA Life Insurance Egypt, a subsidiary of France’s AXA Group, has signed a strategic partnership agreement with Post for Investment (PIF), the investment arm of Egypt Post, to establish a microinsurance company under the new Unified Insurance...