Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2023

Insurance


General

Alternative distribution channels are growing

Insurers in the Middle East face several challenges in using embedded insurance and market aggregation platforms as a distribution channel. Despite the challenges, Policybazaar.ae’s Mr Neeraj Gupta said such distribution channels have been growing in popularity.
 

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GCC bancassurance partnerships must evolve to stay relevant

The GCC region has witnessed several bancassurance partnerships and this is expected to grow further in the future but both banks and insurers must evolve to stay relevant in the face of increasing competition from web aggregators and InsurTechs.
 

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Fighting fire with fire (insurance)

Many countries in the Middle East and North Africa are affected by climate change and the region is especially vulnerable to increased frequency of extreme climatic events. Middle East Insurance Review spoke with Speciality MGA UK’s Mr Phillip Cottle and Yohaku’s Mr Tim McCosh to find out more about wildfire insurance.
 

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Egypt: Promising insurance sector despite challenging times

The insurance industry in Egypt has come a long way in developing capacity to serve the country’s population with modern tools and provide insurance to the underserved. Speakers at the 5th Sharm Insurance Rendezvous spoke about the progress insurers and regulators have made in strengthening the industry.
 

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Life & health

Forging a sustainable healthcare insurance industry

Speakers at the 14th Middle East Healthcare Insurance Conference, held in Muscat in September, discussed building trust among stakeholders and adopting best practices to sustain compulsory healthcare insurance schemes.
 

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Generative AI's potential in life and health insurance

Generative AI has the potential to revolutionise the health insurance industry in the Middle East. However, there are some challenges adopters must be aware of such as ensuring ethical guidelines are followed. Middle East Insurance Review spoke to MIG Holding’s Mr Antonio Dionisio to find out more.
 

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