MENA: Hiccups in growth though NA faring better
Thriving amidst adversity
A growing foothold in Africa
Enhancing the Saudi automotive industry
Reinsurance
Reinsurance: Uncertainties ahead
From Bahrain to Morocco
Faring well in the face of uncertain times
Morocco, a gateway to Africa
Reinsurance pool targets bigger footprint
Cautious strategy is paying off
Nat CAT pool offers safety net as regions become more vulnerable
Insurance and the future of Afro-Asian economies
Morocco
Poised for success
Expanding the protection umbrella
Synergising capacities
Healthcare
Ringing in telehealth
Rising to the challenge
Renewable Energy
Insuring a sustainable future
HR
Rogue employees: The insider threat
Unleashing the potential of takaful, today and tomorrow
MENA
MENA: IMF lowers economic forecast for the region
Middle East: All eyes on Strait of Hormuz as tensions continue
Zurich marks 30 years in the Middle East with a series of initiatives
MEA: Beyontec partners AJMS to develop IFRS 17 solution
Bahrain: Afro Asian Assistance sets out growth plans
Egypt: New bill aims to tighten governance of private insurance funds
Egypt: Bank of Cairo seeks insurance coverage of $423m for assets
Egypt: Retirement age to rise to 65 by 2040
Egypt: Some insurers cut supplementary motor premiums by over 50%
Jordan: Federation explains why insurers refuse fire cover in certain cases
Jordan: New rule allows electronic verification of traffic records
Jordan: Aggregate profits of 22 insurers jumped 40% in 1H
Kuwait: Insurers keen to step up Nat CAT covers with state support
Lebanon: Local businesses work with regional export credit insurer
Morocco: Wafa applies for insurance licence in Egypt
Oman: Preparations for national health insurance scheme in advanced phase
Qatar: Insurance market saw slower growth in 2018
Saudi Arabia: Suspected motor fraud cases up by 20% to 26,000 since 2007
Tunisia: Premiums down by almost 6% in 1Q2019
Turkey: More than 50% of houses are now quake-safe
Turkey: Insurance market grew 19% to $6bn in 1H
UAE: Etihad Credit Insurance signs MoUs with Chinese parties
UAE: 5 insurers are first to join blockchain platform
UAE: DFSA joins network for greening the financial system
UAE: Oman Insurance posted a 75% surge in 1H net profit
UAE: RTA and Dubai Police step up traffic safety and flow in the emirate
Global
Asia: Increased number of M&A leads to rise in transaction insurance
InsurTech investments remain strong through 2Q2019
Moody's says ESG risks increasingly affect insurers' credit profiles
Researchers warn of 'unexpected implications' as climate risks converge
Takaful
MENA: Takaful contributions in the region ex-GCC exceed $10bn
GCC: IFSB says takaful firms are realigning strategies
Egypt: Proposed new law bars mergers between takaful and conventional players
Iraq: Islamic banks establish takaful company
Morocco: First takaful licences set to be issued soon
Saudi Arabia: 9 in 10 insurers will need to pump in capital, merge or wind up
Saudi Arabia: 2 insurers studying possible merger
UK: ITS tackles wide-ranging topics, honours industry leaders
Lebanon: AROPE launches international healthcare plan
People on the move
COUNTRY PROFILE - Morocco
COVER STORY - Reinsurance
The MENA reinsurance industry continues to feel the heat as sluggish economic activity and geopolitical tensions contribute to a challenging operating environment. Will reinsurers buckle under pressure or rebound with resilience to face the upcoming...
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FEATURE - Healthcare
Amidst the prevalence of lifestyle diseases, telehealth offers industry stakeholders the opportunity to seamlessly deliver high-quality healthcare to more people in more places and at a lower cost. However, despite its obvious benefits, multiple...
We return with a bumper issue this September with so many things happening. There is a pervading sense of bad news all over with pockets of tensions, terrorism, trade spats, and even doom and gloom. It takes a brave heart to summon the deep optimism...
For the second time in more than a decade, the MENA insurance industry contracted in 2018 – total premiums shrank by 3.3% – as the tough business environment and market conditions dragged growth in both life and non-life premiums down...
Liberia’s insurance industry faces a multitude of challenges due to limited opportunities and a harsh business environment, yet there are always serious players willing to find a way to stand out, says Mr Naji Eid, CEO of Blue Cross Insurance...
Marsh’s investment in Beassur – a Moroccan brokerage house – signals the company’s first step towards growing its business in Africa, says Mr Christos Adamantiadis, CEO of Marsh Middle East and Africa.
With its new strategy, Najm for Insurance Services (Najm) is focusing on industry enablers and revamping its structure to create a more customer-centric and sales-driven culture, says Dr Mohammad H AlSuliman, CEO of the company.
This September, Marrakech plays host to the 26th FAIR conference, which carries the theme ‘New economic barriers in Afro-Asian insurance markets’. This is the second time that the biennial conference is being held in Morocco. Middle East...
The Federation of Afro-Asian Insurers & Reinsurers (FAIR) looks to help its members identify contemporary challenges and make the most of their capacities, says its secretary general Dr Adel Mounir.
Moroccan insurers are increasingly spreading their wings to expand their presence across Africa. However, they need to revisit their strategies to ensure sustainability as challenges abound.
Morocco's insurance industry has always been different in the regional context. Life business makes up the largest portion of GWP compared to other lines; it has the least number of players compared to other MENA markets relative to GWP; its...
Besides registering an impressive growth rate, the insurance industry in Morocco has succeeded in expanding the safety net for its citizens, says Mr Bachir Baddou, director general of the Moroccan Federation of Insurance and Reinsurance Companies...
Morocco is a springboard to more business opportunities across Africa; and Trust Re aims to strengthen its position in the continent through its branch in Casablanca Financial City, says Mr Samir El Mouaffek, GM of Trust Re (Morocco).
Mr Georges Chidiac of SAICOHEALTH explains why data standardisation, transparency, cybersecurity and M&A are top of the agenda for the GCC’s healthcare industry operators.
Mr Shakeeb Ahmad of PwC explores the risks and impact renewable energy has on the insurance industry as energy diversification gains momentum in the Middle East.
The greatest threat to your company and network is not the hackers and crackers on the outside trying to get in, but your own employees who intentionally make mischief or who inadvertently cause damage from within, says Dr Dexter Morse of the...
The need for product development has never been more important and striking a balance between value for customers and value for operators is crucial for the sector to catch up to conventional insurance, says Mr Sedick Isaacs of Bryte.
Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan region is expected to be 1% this year, rising to about 3% in 2020, said the IMF in its July 2019 World Economic Outlook Update.
Experts in the insurance industry have confirmed that the London-based Joint War Committee (JWC) has not announced any increase in the risk of war on ships in the Arabian Gulf, since the 19 July seizure of a British tanker by Iran in the Strait of...
Zurich Middle East is marking its 30th anniversary in the region with a series of initiatives and appointments aligned with its objective of becoming the leading provider of life insurance in the Middle East.
The 13th International Takaful Summit (ITS), which took place in London on 9-10 July, had as its theme ‘Takaful for all’, which aimed to address the full range of possibilities from tapping global reinsurance capacity to creating...
AROPE Insurance, in collaboration with Munich Re, held a special gathering for insurance brokers to officially launch EXPAND – its latest international healthcare solution.