Dynamic reinsurance market despite lower capacity
Although small and with no national reinsurer, Jordan’s reinsurance industry is still a dynamic market with growth likely in the future. Middle East Insurance Review spoke with experts to find out more.
Jordan market brimming with potential
The insurance industry in Jordan has seen its ups and downs in the past five years due to the country’s economic conditions and other external challenges. However, it continues to develop and players manage to secure growth.
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Plenty of room for innovation in Jordan
Cyber security threats and improving supply chain resilience are among top risks faced by general insurers in Jordan. Middle East Insurance Company’s Dr Rajai Sweis spoke to Middle East Insurance Review about how the industry is addressing the...
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Aviation insurance pricing remains competitive
Although catastrophic loss due to the conflict in Gaza has been avoided so far, the risk of loss is still present. Middle East Insurance Review spoke with Malakut’s Mr Alexey Yashechkin and Marsh’s Mr David George.
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M&A: A challenging but worthy path
There is no other alternative but to consolidate and revamp the current market structure to create a sustainable insurance industry, said speakers at the CEO panel discussion held at BADRI Management Consultancy’s 7th Annual Insurance...
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Rising claims for high-net-worth insurance products
Increasing demand for high-net-worth insurance products has led to a spike in claims in recent years. Risks associated with assets such as yachts, art and jewellery collections are also evolving due to widespread digitalisation. Middle East...
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Cautious diversification leads to positive reinsurance performance
While Deutsche Rück is well known in parts of continental Europe, it is something of a newcomer to the Middle East markets. We caught up with the reinsurer’s Mr Tarik Aouad to talk about recent performance and how he thinks the business...
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National reinsurance catastrophe pools
Last year’s Singapore International Reinsurance Conference showed how critical informed discussion is in advancing the role of reinsurance as an enabler of a sustainable future for mankind. Middle East Insurance Review aims to continue these...
Reinsurers are restructuring treaties to force higher retentions
The push for increased retentions from reinsurers is a point of concern during negotiations. LINK’s Mr Jean-Carl Mazigi spoke to Middle East Insurance Review about how this impacts treaty renewals.
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Exciting times ahead for insurance in Saudi Arabia
The Saudi insurance industry is witnessing major developments on the regulatory and operational levels which will be translated into boosting businesses and creating a better marketplace. Walaa’s Mr Johnson Varughese shares his views on the...
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Countdown to the 34th GAIF Conference in the Sultanate of Oman
The 34th GAIF Conference, GAIF34, a collaborative effort by the Oman Insurance Association and the Capital Market Authority in conjunction with the General Arab Insurance Federation (GAIF), is scheduled to take place at the Oman Convention and...
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Exploring the future of markets
Middle East Insurance Review’s CEO roundtable, held in Dubai in November, gathered industry leaders to present an overview of the status of the market on timely issues and share their perspectives for 2024.
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Talent crunch can crunch the industry
The Indian insurance industry is predicted to experience a shortage of talent very soon, and it could assume alarming proportions, affecting the overall growth of the sector. National Insurance Academy’s Dr Tarun Agarwal sketches a roadmap to...
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GCC: IFRS17 transition's net impact on equity reaches -2.5%
Nine months into the year, the progress on the transition to IFRS17 has moved up to 91% as most insurers embrace IFRS17 except a few takaful entities who will likely adopt the standard’s equivalent from 1 January 2025, according to the Q3...
Algeria: Government studies proposed revisions to insurance law
Algeria prime minister Nadir Larbaoui has chaired a government meeting during which a preliminary draft insurance law was examined.
Egypt: Insurance federation and regulator studying sustainable insurance legislation
The Insurance Federation of Egypt (IFE) is working with the Financial Regulatory Authority (FRA) in studying legislation and decisions related to sustainable insurance in Egypt.

Climate on track to warm by nearly 2.9 ºC
The current emissions pledges to limit climate change would still put the world on track to warm by nearly 3 ºC during this century according to a new report by the United Nations Environment Programme (UNEP).
Climate change threats to smaller economies
Small island developing states and other vulnerable countries are facing overwhelming threats from extreme climate events such as droughts, tropical cyclones and floods, according to a new study.
ESG risks are a major concern
ESG is increasingly being regarded as an important area of risk for business executives globally, according to a new survey by specialty insurer Beazley.

QIC launches E-O-Y car insurance promotion
Qatar Insurance Company (QIC) has launched its end-of-the-year car insurance promotion, allowing new motor customers to get three months of comprehensive car insurance for free.
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Fintech Qashio in partnership with YallaCompare launch health insurance
Fintech company Qashio, a company that provides financial tools, corporate cards and expense management solutions has launched their own health insurance, called Qashio Insurance, in partnership with YallaCompare.
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Dubai Insurance and OneDegree to offer digital asset insurance in the UAE
Dubai Insurance and OneDegree, an insurer for digital assets, have partnered to offer digital asset insurance in the UAE.
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