The time is ripe for captives
Reinsurance
Uncertainty persists for region's reinsurers
Where next for the post-pandemic market?
Oman
Standing strong
Holding the fort
Dhamani beyond COVID-19
COVID-19 and persistently low oil prices present challenges for Omani insurers
MENA Report Card
MENA markets back on growth path
Diversity & Inclusion
Driving positive change
Diversity & inclusion a business priority
Healthcare
The digital dilemma: Assessing the impact of technology on employees' health and well-being
Risk
Jump-starting the next normal
Marine
Marine insurance and COVID-19
Shipping industry at crossroads
The critical role of retakaful in Africa
MENA
Middle East: Qatar resilient but Iran hit by sanctions - Aon
Bahrain: Reinsurers expected to hike premiums by up to 20%
Bahrain: Industry professional receives prestigious CII award
Egypt: Intermediaries' commissions to be disclosed wef 1 October
Egypt: Market predicted to see 15-20% decrease in premiums in FY21
Egypt: Urgent need for new legislative framework for online insurance
Kuwait: Regulator enhances supervision of sector
Kuwait Re posts strong results for 1H
Lebanon: Association estimates up to 30% of blast losses are insured
Morocco: Insurance federation embarks on digital transformation
Oman: CMA issues regulations for health insurance TPAs
Saudi Arabia: Saudi Re named exclusive reinsurer for inherent defects coinsurance programme
Turkey: 2 out of 3 homes aged over 20 years lack quake cover
Turkey: Market surges by 21% in 1H
UAE: DFSA's cyber threat intelligence platform gains more traction
UAE: COVID-19 aggravates strained ties between insurers and healthcare providers
UAE: Orient posts 4.4% increase in net profit to $77m for 1H2020
UAE: ADNIC sees 1H net profit surge 60%
Global
Global insured CAT losses estimated at $31bn in 1H2020: Swiss Re
Lloyd's expected to continue to attract capital: AM Best
Number of claims on cyber insurance policies rising steeply
Industry reputation battered by pandemic
Takaful
Organisation develops zakat standards for non-Muslim jurisdictions
Malaysia: Syarikat Takaful inks two bancatakaful deals
Saudi Arabia: Tawuniya more than doubles pre-tax profit in 1H2020
UAE: Aman posts improved net profit in 1H to slash accumulated losses
UAE: SALAMA's 1H2020 net profit increases 41% to $12.8m
UAE: Watania sees 136% climb in 1H2020 net profit
Product Bites
People on the move
COUNTRY PROFILE - Oman
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COVER STORY - Reinsurance
The fact that the effect of the pandemic has not been fully reflected on the economy strongly points to a highly volatile and challenging marketplace for the upcoming1 January renewals, says Milli Re general managerFikret Utku Özdemir.
FEATURE - MENA Report Card
Growth is back in the MENA insurance industry with total premiums in the 14 markets increasing by almost 5% to $61.8bn last year after a 3.3% contraction in 2018, driven by improved performance in both life and non-life businesses. But the COVID-19...
INSIGHTS - Risk
The COVID-19 pandemic serves as an opportunity for risk professionals to fortify resilience and help organisations emerge stronger, says Mr Abhishek Nayak of HDFC International Life and Re.
This is a sober September with no Monte Carlo Rendezvous and the region still coming to grips with the horrors of the blast in Beirut, whose people we commiserate with.
The region is fertile ground for the growth of captives despite the ongoing challenges, says Braxtone Insurance Management CEO Ayman Al-Ajmi.
Ms Rachel Cohen of New Dawn Risk discusses the state of the sector and expectations at the January 2021 renewals.
The sector’s growth decelerated in 1H2020, but providers managed to remain resilient and reap some benefits despite the unprecedented market uncertainties.
The sultanate’s sole reinsurer Oman Re continues to perform well and is forging ahead despite the pandemic, says its CEO Romel Tabaja.
The Dhamani health insurance programme aims to promote local and international investment, and create sustainable growth of the private health and insurance sectors in Oman. Mr Ahmed Al Mamari and Dr Mohamed Ghazaly of Capital Market Authority...
Diversity & inclusion is not a process or a box-ticking exercise. It is about our mindset and it should be on everyone’s agenda, particularly those in leadership positions, says Ms Sonja Rottiers of Lloyd’s.
Ms Louise O’Donnell of Oman Insurance Company talks about how diversity & inclusion is a big part of the corporate strategy in attracting and retaining top-notch talent.
Mr Luke Garrett of HFW considers some of the issues that are likely to affect marine insurance as a result of COVID-19.
Ms Anjali Sharma of Lockton MENA discusses the impact of COVID-19 on marine protection and indemnity coverage.
Dr Corneille Karekezi of Africa Re notes the challenges retakaful operators face and recommends key factors for success.
While Qatar has managed to avoid a major economic hit from a Saudi Arabia-led blockade, the imposition of US sanctions has hurt growth in Iran, said the ‘Aon Risk Map 2020 – Crisis Management’ report which is a guide to political...
International reinsurance companies are expected to raise their premiums by 10% to 20% in the forthcoming period for some classes of insurance due to the COVID-19 crisis, according to a senior insurance industry executive.
The Chartered Insurance Institute (CII) has awarded Mr Hussain Al Ajmi, CEO of Foundation for Insurance and Finance Education, with the Allan Bridgewater Award for Excellence.