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Takaful |
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Bahrain: New takaful model expected in first half of the year |
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A new takaful model proposed by the Central Bank of Bahrain (CBB) for local takaful operators would likely be rolled out in the first half of this year, according to a senior official in an interview with the Middle East Insurance Review. |
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Pakistan: Draft takaful rule moots central Shariah board
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The Securities and Exchange Commission of Pakistan (SECP) has approved the 2012 draft Takaful Rules which have suggested the establishment of a Central Shariah Board at the SECP, permitting of takaful windows, and the formulation of risk management and rating procedures by takaful operators amongst other things. |
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Malaysia: Bank Negara announces financial roadmap for the next decade
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Bank Negara Malaysia (BNM) will require insurers and takaful operators to be served by independent and dedicated heads of risk and observe higher standards for risk management systems, as part of the new 'Financial Sector Blueprint' announced by the Central Bank recently. |
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| Middle East |
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Reinsurer-cedant partnerships intact in difficult times |
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The partnership between insurers and reinsurers in Asia was tested by the huge catastrophes in 2011, and the response of the global reinsurance community has once again stressed the need for a strong partnership between the cedants and the capacity providers. This was emphasised by speakers at the 5th India Rendezvous in Mumbai, India last week, which attracted nearly 500 delegates, of which 45 were from the Middle East. |
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Lebanon to introduce comprehensive healthcare coverage by end-2012 |
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The Ministry of Health (MoH) plans to implement a comprehensive healthcare coverage plan before the end of 2012 to provide coverage at affordable costs for uninsured citizens who have been residing in Lebanon for at least one year, said Lebanon This Week, a publication of the Byblos Bank Group. |
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Bahrain: Legal & General extends regional reach |
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Following its entry into Kuwait last year, Bahrain-based bancassurer Legal & General Gulf has set its sights on Qatar and the rest of the MENA region, said Managing Director Manfred Maske in an interview with Middle East Insurance Review. |
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| MIR Conferences |
Last Updated on, 26 Jan 2012 |
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