New Year resolution: Financial literacy for the young
Jordan
Dynamic reinsurance market despite lower capacity
Jordan market brimming with potential
Plenty of room for innovation in Jordan
Regulatory review in Jordan
General
Aviation insurance pricing remains competitive
M&A: A challenging but worthy path
Rising claims for high-net-worth insurance products
Significant opportunities for marine insurance despite political tensions
Stability ahead for MENA insurance market
Cautious diversification leads to positive reinsurance performance
National reinsurance catastrophe pools
Reinsurers are restructuring treaties to force higher retentions
Exciting times ahead for insurance in Saudi Arabia
Countdown to the 34th GAIF Conference in the Sultanate of Oman
Exploring the future of markets
View from India
Talent crunch can crunch the industry
MENA
GCC: IFRS17 transition's net impact on equity reaches -2.5%
Algeria: Government studies proposed revisions to insurance law
Egypt: Insurance federation and regulator studying sustainable insurance legislation
Egypt: Regulator prioritises agricultural insurance
Morocco: Agriculture Ministry to expand insurance programme for various crops
Morocco: Long-term insurance savings lose appeal
Qatar: Insurance industry to launch climate insurance products
Saudi Arabia: All insurance sales jobs to be localised from April 2024
Saudi Arabia: Cigna opens branch in Riyadh
Saudi Arabia: Insurance Authority drafting national insurance strategy
Tunisia: Number of road accidents caused by foreigners jumps in first 9 months
Türkiye: Fall in vehicle prices pushes down motor insurance premiums
Türkiye: Regulator announces revised minimum capital requirements
UAE: New insurance law takes effect
Global
Global: Insured losses from severe thunderstorms reach $60bn
US: P&C insurers set for modest improvement in 2024
S&P upgrades Lloyd's to 'AA-' on strong underwriting discipline
Takaful
Indonesia: More insurers reveal decision on takaful windows
Malaysia: Malaysian Life Reinsurance launches retakaful window
Pakistan: Pak-Qatar Family Takaful, Instaful Solutions tie up to promote bancatakaful
Saudi Arabia: Al Rajhi increases its paid-up capital by 1.5 times
UAE: Ascana Insurance rebrands to Sukoon Takaful
Climate on track to warm by nearly 2.9 ºC
Climate change threats to smaller economies
ESG risks are a major concern
Australia: A quarter of a million properties are exposed to acute flood risk
Risk of drought looms ahead as an unprecedented emergency
Will insurers safeguard the planet or greenwash business as usual?
Extreme weather events disrupt global supply chains
US: Cyber attacks on average cost each small business over $8,000 annually
Risks and regulations in focus as AI boom accelerates
Climate change can jeopardise working of hospitals
Economic uncertainty is a major business risk
Australia: Climate change litigation will continue to expand and diversify
QIC launches E-O-Y car insurance promotion
Fintech Qashio in partnership with YallaCompare launch health insurance
Dubai Insurance and OneDegree to offer digital asset insurance in the UAE
People on the move
The 34th GAIF Conference, GAIF34, a collaborative effort by the Oman Insurance Association and the Capital Market Authority in conjunction with the General Arab Insurance Federation (GAIF), is scheduled to take place at the Oman Convention and Exhibition Centre in Muscat. This landmark event aligns with GAIF’s 60th anniversary, promising a significant gathering of industry leaders and experts.
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The Indian insurance industry is predicted to experience a shortage of talent very soon, and it could assume alarming proportions, affecting the overall growth of the sector. National Insurance Academy’s Dr Tarun Agarwal sketches a roadmap to solve the problem.