QIC Group CEO outlines mutli-pronged plans for continued growth
The rise of telehealth
Health
Welcoming wellness into the workplace
Keeping medical inflation at bay
Duty of care - Whose responsibility is it?
Saudi Arabia
A return to growth
The reins of power
A cut above the rest
UAE
In search of bright spots
Takaful: A lot of ground to cover
Hitting the brakes on price cutting
Reinsurance
Shifting dynamics
Risk Management
Embracing risk management's strategic influence
Ship fires: The container trade's top risk
Regulating the takaful industry: The Malaysian success story
MENA
Middle East & Africa: Regulatory pressures weigh on M&A deals in the region
GCC: Insurers expected to face high credit risk over next 18 months
Bahrain: Listed insurers' 2019 aggregate profits soar 81% to $47.9m
Jordan: Bill amending insurance law passes in Lower House
Jordan: 24 insurers post after-tax profits of over $30m for 2019
Lebanon: Non-life sector posts first annual decline in premiums
Lebanon: Ministry bars insurers from distributing dividends
Saudi Arabia: SAMA issues new actuarial regulation
Tunisia: Govt places stake in insurance brokerage on the block
UAE: IA outlines precautionary measures against COVID-19
UAE: Govt queried on delay in enacting federal health insurance law
UAE: Industry sees 2019 profits rise for third consecutive year
UAE: DIFC-based insurers chalk up GWP of nearly $2bn in 2019
Global
Credit default a major risk for SMEs amid COVID-19
Actuarial modelling of COVID-19 proving to be tricky
Record Nat CAT losses raise questions about ILS market
High volume and growing magnitude of aviation claims
Takaful
Brunei - New cyber cover launched as sultanate sees rise in cyber attacks
Indonesia: Takaful sector to see sustained contribution growth
Indonesia: Islamic insurers discuss coverage for umrah pilgrims
Malaysia: Takaful operator collaborates with university on crop microtakaful plan
Saudi Arabia: CMA approves Allianz Saudi Fransi capital hike
People on the move
COUNTRY PROFILE - Saudi Arabia
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MARKET FOCUS - UAE
Dubai has always been the growth engine of the UAE, with its diversified economy and progressive outlook. However, with challenges mounting on the global level, insurers may be in for testing times ahead.
COVER STORY - Health
In today’s dynamic business environment, embracing employee wellness and engagement as a strategic imperative represents a paradigm shift in the corporate world.
Pieces of April reflect the chaos of the world. Humanity is being challenged with the pandemic’s ruthlessness. While businesses crumble, healthcare workers are rising to the call and are being saluted and appreciated anew, even as big cities...
Mr Salem Khalaf Al Mannai, who has been with Qatar Insurance Company (QIC) since 2001 and was recently named Group CEO at the age of 37, provides valuable insights on the state of business today, and more importantly, his strategic priorities.
Telehealth is improving the ability of providers to enhance the customer experience, says CEO of Allianz Partners MEA & NEXtCARE, Global Head of TPA & MPM Christian Gregorowicz.
Efficiency, communication and service excellence are essential to tackling medical inflation and cost containment, says Mr Georges Chidiac of Damana.
Mr Simon Isgar of BSA highlights the growing trend of mandatory health insurance and discusses where the legal duty of care lies with shifting dynamics.
Following two years of contraction, the Saudi market is showing promising signs of recovery as GWP grew in 2019, propelled by enhanced pricing.
Mr Anthony Harris of RFIB Middle East discusses the geopolitical landscape of the Kingdom of Saudi Arabia under the leadership of Crown Prince Mohammed bin Salman.
Middle East Insurance Review caught up with Bupa Arabia CEO & managing director Tal Nazer to find out how the company is maintaining its position as Saudi Arabia’s largest health insurer.
There has been notable improvement in the sector’s performance over the past few years. But operators are still a long way from reaching their desired scale and sustainability.
Mr Faizan Amlani of Badri Management Consultancy discusses the profitability in the UAE motor insurance market, where rates are on a downward trend as insurers offer discounts to attract new business.
The challenging market conditions have forced some international reinsurers out of the region – but opportunities are still aplenty for players focused on innovation.
Organisations in the region must raise their risk management capabilities to ensure the resilience and growth of the business, says Mr Jack Mikaelian of Marsh.
Mr Peregrine Storrs-Fox of TT Club highlights the trend of rising container ship fires, and identifies both causation and solutions as part of the club’s cargo integrity campaign, which is supported by the TTMS (Gulf) network partner claims...
The takaful sector in Malaysia has benefited from having to operate under a separate regulatory framework from conventional insurance, supported by a government with an agenda to make Islamic finance a success, says Ms Aiza Yasmin Benyamin of...
M&A in the Middle East continues to bump along at a low level, said global law firm Clyde & Co in its ‘Insurance Growth Report – Charting the ebb and flow of insurance M&A’, which analyses transaction trends by region.
Insurers in most GCC countries will face moderate to high credit risk over the next 12 to 18 months, reflecting mounting geopolitical tension and intense competition, said a Moody’s Investors Service report.
Insurers listed on the Bahrain Bourse posted an aggregate profit of BHD18m ($47.9m) in 2019, 81% higher than the BHD9.9m seen for 2018.