Top three UAE insurers roar ahead
UAE listed insurance companies – Orient, ADNIC and Sukoon – are the three biggest GWP and earnings contributors, accounting for more than 50% market share while leaving the remaining listed insurers with less than 7% share each.
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Insurance regulator gets tough on violations
Insurers in Abu Dhabi and Dubai are under greater scrutiny for their compliance with regulations. Laws have also been updated to keep up with emerging developments and opportunities in the industry.
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Room for improvement in health
Health insurance in the UAE serves Emiratis and expatriates well. The pandemic has kindled a new interest in healthcare and insurance in the market. It is now up to the industry to exploit the latent potential. Middle East Insurance Review spoke...
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Saudi insurance ready for take-off
The insurance industry in Saudi Arabia is in a transformational phase with major regulatory developments being made while consolidation is looming, revealed speakers at the 6th Saudi Insurance Symposium, held in Riyadh recently.
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Egypt: Climate change the main concern
The Insurance Federation of Egypt, aware of the rising threat of climate change, has put in place the necessary strategies for insurers to strengthen community resilience. This was the main theme addressed at the 4th Sharm Rendezvous, held in Egypt...
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Türkiye: Further potential waiting to be tapped
The insurance market in Türkiye continues to attract investor attention but stakeholders need to exert greater efforts to develop the sector, said speakers at the first Turkiye Rendezvous, held in Istanbul last month.

Catlin: There is no spare capital
On the sidelines of the Monte Carlo Rendez-vous, we caught up with Convex’s Mr Stephen Catlin to get his thoughts on some of the big issues facing the reinsurance sector today.
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Growing reinsurance business using strategy
Success in reinsurance seems to be equal parts spotting new opportunities, containing costs and working with the right clients in the right markets. Middle East Insurance Review caught up with Hannover Re’s Dr Michael Pickel on the sidelines...
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Pricing adequacy for sustainable reinsurance
The harsh reality of climate change is that the increasing frequency and severity of Nat CAT has eroded the financial sustainability of traditional reinsurance business. SCOR’s Mr David Johnstone offers some pointers on how the reinsurer...
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TakTech - the new way forward
The takaful market always seems to lag behind the conventional insurance market in terms of adoption and technological advancement. However, that does not stop regulators and associations in various markets from carrying out new initiatives to...
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Developing human resources in MENA insurance
India’s National Insurance Academy is a much sought-after training centre for insurance professionals from the MENA region because of its learning and research facilities. We spoke to the academy’s Mr Gopalan Srinivasan.
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Time to strengthen and diversify talent
Things might be looking up for the Middle East insurance industry with oil prices expected to rise and contribute to GDP growth. Having a properly skilled and diverse workforce and leadership team will be required to capitalise on these tailwinds...
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Improving diversity of thought in insurance
We look at some highlights from this year’s Dive In Festival – the festival for diversity and inclusion in insurance – that addresses issues such as the gender wealth gap, social mobility and mental wellbeing in the workplace.
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The need to speed up DE&I efforts
Diversity, equity and inclusion (DE&I) is a rapidly increasing priority for organisations and individuals around the world. Cigna’s Mr Jerome Droesch discusses the state of DE&I in the Middle East insurance sector and suggests some...
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MENA: GAIF proposes a regional Nat CAT insurance pool
The General Arab Insurance Federation (GAIF) has raised the possibility of forming a regional Nat CAT insurance pool at a forum on insurance coverage for natural disasters.
Bahrain: BNH forms internal actuarial unit
Bahrain National Holding Company (BNH) has established an internal actuarial unit, which includes specialised Bahraini cadres.
Egypt: Insurers urged to match pricing to risks
The insurance sector needs to consider hiking the pricing of its products in response to the increase in the degree and size of risks that it covers, according to the Financial Regulatory Authority (FRA) chairman Mohamed Farid.

Hidden danger in electric vehicle fires
Fires in electric vehicle (EV) batteries can burn unseen. Firefighters can extinguish the visible flames in an EV fire, but chemicals inside the battery continue to burn because firefighters cannot reach the source, according to researchers at...
Digital health providers operating without protection
The attitude of digital health and wellness providers towards risk and insurance is changing rapidly across all geographies, according to specialist insurer Beazley.
Risk of triggering multiple climate tipping points
Even if countries meet the goals of the Paris Climate agreement, global warming could still trigger several climate tipping points that would drastically change life on the Earth, according to a new research.

Bahrain: Tripartite MoU signed to support start-ups
Bahrain National Insurance, Bahrain National Life Assurance and venture accelerator and business incubator Brinc MENA have signed an MoU to offer tailored insurance solutions to start-ups.
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Saudi Arabia: SAMA approves Al Rajhi Takaful's construction guarantee insurance product
Al Rajhi Company for Cooperative Insurance said it has obtained the Saudi Central Bank’s (SAMA) approval of its construction guarantee insurance product for the corporate sector, said media reports.
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UAE: XA Group rolls out blockchain-based motor claims recovery platform
UAE-based XA Group has launched Addenda, a blockchain-based digital platform that will allow insurers to reconcile motor recovery receivables between each other.
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