MEDGULF to make big impact in the UAE
Kuwait Re: Being sustainable
Outlook for 2017
Cautious optimism for the New Year
Growth glimmers amidst uncertainties
What does Trump mean for the Middle East in 2017?
Tunisia
Work in progress to build a better marketplace
Interview with the regulator - Taking the industry to the next level
Promising plans in store
Digital Revolution
Cyber risk a clear and present danger for insurers: IAIS
Wake up and smell the automation
Dealing with disruption at the doorstep
Outlook for Healthcare
GCC healthcare to continue robust growth in 2017
Medical Liability
New UAE medical liability law gives clearer direction
Motor
Motor up with analytics
RIMS Risk Forum
Upgrading risk strategies amid rapid change
MENA
Middle East: Exchange rate risk remains a concern
GCC: VAT likely to skew insurance industry costs
Algeria: Compulsory motor TPL tariff to see first hike in a decade
Algeria: Proposed law to tighten claims settlement process
Bahrain: Insurance advisory firm ties up with broker for GCC mart
Egypt: Plans to form new national reinsurer revived
Egypt: Urgent need for disaster insurance pool
Iran: Regulator calls for 40% cut in auto tariffs
Iran: Nov train crash estimated to cost lead insurer $7 mln
Iran: State-owned insurer snowed under by uncollected premiums
Iraq: Govt to merge the country's two state-owned insurers
Jordan: Govt to review crippling motor losses
Jordan: Business group opposes mandatory health insurance due to costs
Morocco: Insurers unveil roadmap towards green economy
Oman: Chamber of Commerce to publish financial services directory
Qatar: Insurers generally exempt from floodwater claims
Qatar: Seib partners KidzMondo Doha to offer children basic insurance skills
Tunisia: Credit & insurance bureau starts operations
Turkey: Almost 81% of registered vehicles have mandatory cover
UAE: Regulator proposes "game-changing" life insurance rules
UAE: New med insurance payment scheme to ensure fair pricing
UAE: 75% of drivers use mobile phones on the road
UAE: Insurance Authority enforces pricing review
UAE: Insurers prepare for Common Reporting Standard
UAE: Dubai sets up fire testing lab to improve building safety
UAE: Drivers prefer quality over cost when buying car insurance
UAE: Kay International AMEA launches in DIFC
UAE: Plan for local insurers to play bigger role in aviation
Global
Losses from disaster amount to $158 bln in 2016 but only $49 bln insured
Growth in life to outpace non-life in next 2 years
Climate insurance gap of $100 bln requires industry shift
CGIF signs its first reinsurance treaty with world leading reinsurers
Takaful
Indonesia: Takaful lags due to mirroring of conventional products
Saudi Arabia: Insurance market undergoing structural change
Saudi Arabia: Govt vehicles to be covered for motor TPL
Saudi Arabia: Regulator suspends another insurer for poor services in motor
Saudi Arabia: Fenchurch Faris launches branch office in Al Khobar
UAE: Takaful Emarat signs bancatakaful partnership with Ajman Bank
Uganda: Parliament set to pass Bill enabling takaful
People on the move
INTERVIEWS
COVER STORY - Outlook for 2017
Subdued oil prices and rising political risk are two major headwinds facing the region, although insurers are strengthening their fundamentals to ensure much needed resilience in the industry.
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LIFE & HEALTH - Outlook for Healthcare
Healthcare continues to attract significant spending by GCC governments, and with the participation of private players, health insurance will continue to grow at a fast pace in 2017 says Al Masah Capital in its recent report.
The dawn of 2017 is upon us, bringing hopes of a new beginning.
Mediterranean & Gulf Insurance & Reinsurance Company (MEDGULF) recently entered the UAE market as a medical player but aims to be an all-line insurer within the next three years, says Mr Shadi Al Mahameed, General Manager, MEDGULF UAE.
Kuwait Reinsurance Co (Kuwait Re) has been able to maintain a satisfactory performance over the years, thanks to its strong financial standing and solid reputation as a reliable reinsurer, says newly appointed CEO Dawoud S Al Duwaisan.
The Middle East will see a slower pace of growth although the improved regulatory landscape bodes well for the industry’s long-term expansion say Ms Astrid Frey-Kaufmann and Mr Roman Lechner of Swiss Re.
The combination of light policy and heavy rhetoric on President-elect Trump’s campaign trail means there are fewer certainties than ever on which to base predictions for the global political and trade credit environment in 2017. Mr Crispin...
GWP continues to see slower pace of growth but the market forces, including the regulator and federation, are on track to equipthe sector with the necessary tools to build a solid industry for a better future.
With the regulator focused on creating a healthy and sound insurance sector, the industry sees serious reforms to resolve long-standing problems and create a new vision for the future. Mr Hafedh El Garbi, Chairman of the Comité Général des...
The Tunisian Federation of Insurance Companies (FTUSA) is eager to see the implementation of various market initiatives, including the sector’s five-year development plan, and the databank project, says Mr Kamel Chibani, Executive Director of...
The nature of cyber risk requires increased scrutiny and information sharing between insurance supervisors and practitioners says the International Association of Insurance Supervisors (IAIS) .
The region’s insurance industry hasn’t even scratched the surface of what’s possible when technology is fully embraced, says Mr Jonathan Rawling of compareit4me.com.
Mr Anthony Bachara of GapCorp Insurance Brokers Muscat, winner of the 3rd Essay Contest of the MENA Insurance CEO Club (MICC) Essay on disruptive innovation in insurance, argues in this first of a two-part essay that insurers have to position...
With the more streamlined process under the new law, a decrease in unrealistic and exaggerated claims for compensation through the courts can be expected says Ms Shabnam Karim of Clyde & Co.
The use of data analytics is crucial in the motor takaful business in order to restore higher levels of profitability, says Mr Muhammad Ashfaq Ur Rehman.
Corporates in the Middle East have been urged to take a holistic approach to risk management, especially against cyber threats which are rapidly evolving.
Businesses in the GCC and five other countries in the Middle East (GCC+5) remain worried about the potential impact on costs as a consequence of pressure on exchange rate pegs caused by the decline in the price of oil.
Tariffs for motor compulsory third-party liability insurance will be increased every six months by 5% over a two-year period, starting 1 January 2017, said media reports.