The head of a pin (again)
Saudi Arabia
Building resilience
Departure of expats increases pressure for more insurance M&A
Strategic partnership to aid expansion
Tech trends revolutionising insurance
Rebound expected in health insurance sector
Insurance growth: Stimulating the private sector
General
Cyber - A new 'security first' insurance market
Cyber - Protecting digital-first consumers
Motor - Back to the future for UAE motorists
Motor - Changing driving patterns increase demand for pay-as-you-drive insurance model
Claims - New strategic imperatives in insurance claims management
Claims - The business case for digital claims
Life & health
Balancing opportunity and options in the health markets of the Middle East
Rising need for telemedicine and greater healthcare accessibility
View from India - Health insurers at risk of neglecting COVID-19 patients
Technology as an enabler of strategic objectives
Actuaries increasing in influence in the region
MENA
MENA: COVID-19 amplifies structural challenges facing the region's reinsurers
Middle East: Total assets of top 5 insurers in the region jump by 7% in 2020
Middle East: Zurich partners with Amazon Payment Services to launch digital payments for customers
Africa: Santam to take full control of engineering underwriter
Bahrain: BKIC net profit up 11.2% in 1Q
Egypt: General Healthcare Authority and Ibnsina Pharma ink digitalisation cooperation protocol
Egypt: Misr Life launches investment fund with Misr Capital
Morocco: Life insurance expected to become more important as a savings vehicle
Morocco: South African giant buys additional stake in Saham
Qatar: QIC turns to profit in 1Q2021
Tunisia: Maghrebia posts record profit for 2020
Turkey: Call made for umbrella insurance law
UAE: ADNIC reports 9% jump in net profit to $36.4m for 1Q
UAE: Dubai Investments buys additional stake in National General Insurance
Global
Price increases moderate in 1Q2021
Global InsurTech funding reaches all-time high in 1Q2021
S&P: Slow vaccination keeps emerging markets' recovery at risk
Willis Towers Watson to sell some assets to ease merger concerns
Takaful
Egypt: Egyptian Takaful aims to achieve EGP1bn contributions
Malaysia: Takaful grows faster than conventional insurance in Labuan in 2020
Saudi: Insurance market grows by 2.3% in 2020
Saudi: A pool for compulsory travel insurance
Saudi: Saudi Re posts 90% increase in profit for 1Q2021
UAE: Watania 1Q net profit grows by 74%
UAE: Salama posts highest 1Q profit since 2011
Tunisia: Zitouna achieves 56% jump in profits in 2020 despite COVID-19
Corporates that ignore 'grey swans' at risk of shareholder action
Cyber threats against industrial control systems began rising in 2020
Cyber not a game of chance
Pandemic driving new supply-chain risks
Insider risk management is equally important post pandemic
Lloyd's highlights importance of insurance to safeguard employee value
People on the move
ACTUARIAL
INSURANCE - Life & health
The rapidly changing healthcare landscape in the Middle East has paved the way for insurance providers to offer innovative products such as telemedicine, says Cigna’s Mr Jerome Droesch.
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TAKAFUL
Takaful Brunei, a composite carrier, has developed a digital roadmap to record technology implemented and to chart and identify milestones to enhance its business. Mr Shahrildin Jaya provided us with first-hand insights of the processes involved.
If, during the first week of May of this year, we had asked any insurer or corporate risk manager in the Middle East what they thought the biggest risk facing the region was, we probably would not have seen any kind of consensus.
Benefiting from its strong position in the local market and strategic partnerships built over the past few years, Saudi Re continues to register satisfactory results, says Mr Fahad Al-Hesni.
The outlook for Saudi Arabia’s non-life sector remains subdued. But as the government makes steady progress towards achieving its Vision 2030 goal to diversify the economy away from its dependence on oil, the ensuing developments could boost...
MIG Group and Gallagher have formed a strategic partnership to expand operations globally and in the MENA region. This will also allow for the introduction of new products and services, says MIG’s Mr Nagib Bahous.
Most cyber insurance buyers globally have experienced unprecedented rate hikes and coverage reductions in the last two quarters and the MENA region has not been immune to the global shift in cyber underwriting appetite, says Lockton (MENA)'s Ms...
Rising fraud and cyber crimes have created a need for greater awareness of cyber security insurance, says ADNIC’s Mr Charalampos Mylonas.
After a year of quieter, safer roads and fewer insurance claims, data suggests things are soon to return to pre-pandemic levels in the UAE, says AXA Gulf’s Mr Franck Heimburger.
The actuarial profession has been gaining popularity in recent years, commensurate with the growth of the insurance and financial services segment in the MENA region. We spoke to Lux Actuaries & Consultants’ Mr Shivash Bhagaloo about...
Reinsurers in the MENA region are facing multiple threats to their credit profile, with the coronavirus pandemic magnifying some of the pre-existing macro-economic and sector-related pressures in the region, said Fitch Ratings.
The total assets of the five largest listed insurance companies in the Arab region increased by 7% in 2020 to reach $26.2bn, compared to $24.5bn in 2019, according to a Forbes Middle East report.
Amazon Payment Services (APS), a payment processing services provider in the MENA region, has partnered with Zurich International Life to offer digital payments for its customers in the Middle East through the utilisation of the life insurer’s...
Directors and officers face increased exposure to ‘grey swan’ risks, with shareholders on average losing 26% of value in their holdings in the year following reputation crises caused by such events according to a new report from Aon and...
Cyber threats against industrial control systems are again on the rise according to a new report by cyber security firm Kaspersky.
Businesses are devoting more resources to the cyber challenge than ever before, according to the latest Hiscox Cyber Readiness report 2021.