Insuring renewables spending in MENA
Boosting impact investment for insurers in MENA
Private credit and equities dominate insurance investment in MENA
Recent trends in MENA insurance investment
Qatar
Insurance plays central role in Qatar development
Addressing inflation in claims supports life insurance boom
New growth avenues for Qatar property and liability insurance
The development of Qatar's insurance regulatory framework
Egypt
Egyptian brokers face hard market over Nat CAT losses and inflation
Regulation for Egyptian InsurTechs increasingly supportive
Coping with Egypt's reinsurance challenges
Harsh new reality for (re)insurance broking in Egypt
Egypt: New insurance regulation for a new era
General
Are MGAs growth engines for MENA?
The rising threat of cyber incidents and the importance of cyber insurance
Heatwaves pose a challenge for insurers
Latest D&O trends across the MENA region
New risks looming in MENA
Life & health
Emerging challenges for TPAs
Life and health go their separate ways
Mena motor insurance: Passenger or driver?
GCC motor broker survival could hinge on tech adoption
Embedded motor insurance can be a game changer in MENA
UAE insurers deny full coverage for EVs
SIRC Connect
Extreme weather events can stimulate insurance growth
The reality of growing an insurance business in Saudi Arabia
AI innovation and adoption in insurance in the Middle East
The rise of AI in insurance in MENA
The practicality of AI in insurance
AI for better customer experience and fraud detection
Malaysia: Takaful growth fuelled by EVs and ageing population
South Asia is largely unchartered territory for takaful
Advancing the cause of women in MENA insurance
Trends and developments in insurance training in MENA
Anniversary celebrations in style
MENA
Gulf: Floods cause estimated insured losses of almost $2.4bn
Algeria: Country's president postpones bill to amend insurance law
Algeria: CNMA highlights risks associated with grain stored in silos
Bahrain: Insurers tackle EV issues
Egypt: Regulator to establish divorce insurance pool
Egypt: Insurance Federation highlights that life insurers can mitigate climate change
Egypt: Talent management is regarded as crucial for the growth of insurance companies
Jordan: Central bank to revise insurance law to regulate contractual relationship between insurers and the insured
Jordan: Doctors' fees increased for the first time in 16 years
Lebanon: Health insurers to raise premiums, citing medical cost inflation
Morocco: Insurers warn of business impact from mandatory social health insurance decision
Oman: Listed insurers face impact of expected credit losses in adopting IFRS17
Saudi Arabia: Insurers act to increase capital
Saudi Arabia: Mandatory health insurance for domestic workers to start from 1 July
Saudi Arabia: Howden, Allianz Trade and Saudi EXIM Bank sign economic transformation agreement
Tunisia: Tunis Re strong earnings underpinned by underwriting results
UAE: Insurance industry sees total premiums grow by 18.5% in 1Q2024
UAE: DIFC sees growing number of MGAs
UAE: Insurers raise disaster insurance premiums by up to 50%
UAE: Asian car models see highest motor premium hikes
UAE: Relm Insurance expands into MENA
MENA: Dealing with the growing threat of Nat CAT
Global
Global: Strengthening global resilience with a new lease of life
Global: Cascading effects of natural disasters, weak resilience of supply chains among risks insurance sectors face
US: A transitioning reinsurance market responds to cedents' increased demand through mid-year 2024
Takaful
Indonesia: Regulator presents update on insurers spinning off takaful windows
Oman: Takaful Oman in bancatakaful arrangement with Muzn Islamic Banking
Qatar: Alkhaleej Takaful agrees to sell stake in Bahraini life insurer
UAE: Takaful Emarat shareholders approve capital restructuring plan
UAE: ASCANA rebrands as Sukoon Takaful
Bupa Arabia launches insurance benefits product upgrade for members
GIG Gulf launches cashback promotion with personal insurance products
India's LIC International launches two new investment products in Dubai
Bahrain's UIC announce electronic insurance for vehicles entering via King Fahd Causeway
QIC to offer travel insurance
People on the move
INSURANCE INVESTMENT
MARKET PROFILE - Qatar
Even as the life and health insurance segments in Qatar continue to grow due to rising awareness and rapid economic growth, regulatory changes are helping insurers address rising costs related to inflation in claims management. Middle East Insurance...
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MARKET PROFILE - Egypt
Egypt’s much-anticipated unified insurance law has finally arrived – in a regulatory landscape that was already developing fast. We take a look at the new law and the other significant insurance regulatory developments from the recent...
There is something ironic in the notion that the region best known for making its fortune from oil and gas might turn out to be the region known as a champion of renewables spending.
Insurers can use ESG disclosures – as driven by regulatory compliance – to move beyond exclusionary business-screening tools in asset allocation towards other detailed approaches such as ESG-weighted financial models, says Acuity...
Middle East Insurance Review spoke with Mercer IMEA’s Mr Robert Ansari for an overview of insurance investment strategies and asset allocation preferences shaping the financial landscape in the MENA region for 2024.
Investment trends are changing, mirroring a dynamic environment which is affected by developments in areas such as the increase in interest rates, use of technology and geopolitical conditions. Wealthrise’s Ms Racha Mezher explains some of the...
The insurance sector in Qatar has benefited from infrastructure projects and the economic boom the country has witnessed in recent years. Currently, more growth is expected as the government considers insurance a major component with an essential...
With a population of close to 3m that boasts one of the world’s highest GDP per capita rates and strong spending – particularly benefiting property and financial lines due to the country’s demographic dynamics, Middle East...
The MGA concept is gaining recognition as a rewarding business model in the Middle East as evidenced by the increase in the number licenced in the past few years. A roundtable with the theme ‘The MGAs – Catalyst for Growth and...
Businesses worldwide are increasingly contending with cyber threats, which have emerged as one of the most substantial risks in the modern digital landscape. The World Economic Forum’s Global Cybersecurity Outlook for this year reveals a 30%...
Heatwaves in India are causing untold misery and distress for the large Indian population. What do these rising temperatures imply for Indian insurers? Can they emerge unsinged? Middle East Insurance Review takes a look.
As a primary source of cashflow and to grow the topline, motor insurance is essential for MENA insurers. More innovative marketing approaches using technology are required to boost results and make it a more profitable line.
In the GCC’s highly competitive motor insurance industry, brokers have embraced technologies in order to adapt, survive and find success. We caught up with Gargash Insurance’s Mr Suresh Nair and Howden UAE’s Mr Ravi Tirumala to...
With a growing fintech ecosystem and increasing consumer demand for tech-driven services, embedded insurance presents a huge opportunity for insurers in the MENA region.
While extreme weather events bring short-term losses to insurers in the Middle East, Bahrain Polytechnic’s Dr Bilal Pandow believes that low insurance penetration and rising awareness of the need to protect against such instances could drive...
There is little doubt that Saudi Arabia is the market to watch in the MENA region as the momentum of diversification away from dependence on hydrocarbons picks up pace. To find out what effect this is having on a leading insurer in the kingdom, we...
One of the driving forces of the ‘fourth industrial revolution’ - AI- has the potential to redefine and disrupt industries worldwide. The MENA insurance industry is no exception, offering a unique landscape for AI adoption characterised...
MNK Re DIFC’s Mr Umair Ismail shares his thoughts on how the rise of AI is transforming insurance businesses in the MENA region - driving innovation, enhancing efficiency and reshaping the customer experience.
There are many steps before a company can begin to implement AI in a cohesive way, from integration to data handling to security. Middle East Insurance Review spoke to Boomi’s Mr David Irecki about the various concerns an insurer might have to...
Both family and general takaful segments have experienced growth over the past few years in Malaysia, according to experts. Further growth could be driven by the move towards green power sources, EVs and the post-retirement health cover due to the...
South Asia, with four Muslim majority countries, offers scope for the growth and development of takaful. We look at how takaful players in the region are taking on conventional players in their respective markets by dispelling misconceptions and...
Progress has been made in gender parity in the Middle East and North Africa, according to Cigna Healthcare’s Ms Leah Cotterill. She is the first female to take on the role of CEO in an international health insurance organisation in the region....
The insurance industry is vital for the economic stability and growth of the MENA region. As the region evolves, so does the need for robust training and education programmes that equip professionals with the necessary skills and knowledge....
Kay International AMEA celebrated its seventh anniversary last month with some of its cedents, brokers and reinsurance-capacity providers.
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which motor represents ~10%, according to an analysis by Guy Carpenter, with information available as of 30...
Algerian president Abdelmadjid Tebboune has ordered the postponement of a bill, which when passed would update and modernise the insurance law.
The Caisse Nationale de Mutualité Agricole (CNMA), which commands a share of over 75% of the agricultural insurance market in Algeria, has raised awareness of the risks linked to storage silos.