Magazine

Oct 2017

Read the latest edition of AIR and MEIR as an Interactive e-book

Join Gen Y to win them

COVER STORY - Insurance for Gen Y

If insurers do not jump onto the bandwagon of technology and start adopting changes and accommodating millennials, they face the prospects of losing control of their markets. Partner Gen Y to make insurance fit for purpose. The race is about winning delivery! 
 

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Stability backed by strong fundamentals

COUNTRY PROFILE - Bahrain

Despite anaemic growth over the past couple of years, Bahrain’s insurance sector continues to present strong fundamentals that should help insurers remain resilient. The market still holds promise and is showing healthy signs, though the life...

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Forging a future with FAIR

COVER STORY - FAIR

In its growth path, the Federation of Afro-Asian Insurers and Reinsurers (FAIR) is seeing rising interest from new countries to join. In this interview, Secretary General Dr Adel Mounir outlines the grouping’s adapting to changes and redefines...


All Stories

  • Magazine article aboutEditor-s-Message

    Editor's Message

    October is upon us with the pressure to rush through the last quarter of the year “above water”. The race is on to start 2018 with a bang.

Cover Story

Insurance for Gen Y

  • Magazine article aboutJoin-Gen-Y-to-win-them

    Join Gen Y to win them

    If insurers do not jump onto the bandwagon of technology and start adopting changes and accommodating millennials, they face the prospects of losing control of their markets. Partner Gen Y to make insurance fit for purpose. The race is about winning...

    Buy Now

  • It's the turn of the digital natives

    They’re edgy, they’re dynamic, they think differently from previous generations. Mr Mohammad Alhawari of Takaful Emarat logs in to the mind-set of Millennials and advises regional insurers to adjust their offerings, systems, and business...

FAIR

  • Forging a future with FAIR

    In its growth path, the Federation of Afro-Asian Insurers and Reinsurers (FAIR) is seeing rising interest from new countries to join. In this interview, Secretary General Dr Adel Mounir outlines the grouping’s adapting to changes and redefines...

Life & Health

  • Magazine article aboutPrescription-for-viable-growth

    Prescription for viable growth

    As the GCC healthcare sector continues to develop on the back of compulsory health insurance, what strategies will boost sustainable growth? Can insurers cope with rising medical costs and changing consumer preferences?

Country Profile

Bahrain

  • Magazine article aboutStability-backed-by-strong-fundamentals

    Stability backed by strong fundamentals

    Despite anaemic growth over the past couple of years, Bahrain’s insurance sector continues to present strong fundamentals that should help insurers remain resilient. The market still holds promise and is showing healthy signs, though the life...

    Buy Now

Insights

Credit Ratings

  • Magazine article aboutRisk-controls-or-barriers-to-success-

    Risk controls or barriers to success?

    It is an irony that regulators rely on the output of international rating agencies that they do not regulate. Ms Carine Geagea of Arab Reinsurance Company advocates that regulators should create national rating agencies to assess financial strength...

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Oil & Gas

  • The changing face of energy risk

    Even as the Middle East has seen a distinct move towards increased risk transparency and disclosure, the oil and gas sector demands greater attention for new risk exposures. Mr Derek Thrumble of Alesco explores an ideal approach to risk to ensure...

Bancassurance

  • Bridging the gap digitally

    In line with the rapidly evolving insurance regulatory landscape, banks are transforming their bancassurance delivery channels. Mr Deepak Ahuja of RAKBANK looks at what the future holds for bancassurance in the digital era, with a focus on making...

News

MENA

  • Finalists of 4th Middle East Insurance Industry Awards 2017

    A total of 47 participants have made it to the finals of the 4th Middle East Insurance Industry Awards (MIIA) 2017, edging out some 250 other contenders in 16 categories. The winners will be announced at the Awards Presentation Gala Dinner to be...

  • MENA: World Bank & Arab Monetary Fund urge reforms in pension systems

    The World Bank and the Arab Monetary Fund have warned that many countries in the Arab world are in a situation in which flaws have been allowed to persist in a pension system, with consequent negative effects not only on public finances but also the...

  • Africa Re sees lower 1H2017 profit

    African Reinsurance Corporation (Africa Re) has announced that losses in the Middle East and South Africa have pushed down the company’s net profit to US$7.6 million in the first half of 2017 compared to $32.6 million for the same period last...

People on the move

Feature

Regulations

  • The changing risk-transfer equation

    With the alignment of insurers, banks and regulators resulting in the release of retained capital back into the economy, Mr John Barlow of HFW says it can lead to considerable mutual benefits and profits for those entities and also stimulate the...

  • Promoting a culture of compliance

    Revolutionary regulatory reforms are sweeping across the GCC insurance markets. But how far is maturity on par with developed markets? Mr Sunder Nurani of Deloitte Middle East tracks the trends.

Takaful

M&A

  • Magazine article aboutComplexities-of-alliance

    Complexities of alliance

    There has been only a handful of takaful M&A to date in any jurisdiction and the issues are only going to be even more difficult to resolve for want of any international standards to follow. How can M&A happen in the takaful space and what...

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Interview with the Regulator

Retakaful

  • Magazine article aboutMaking-re-takaful-sustainable

    Making (re)takaful sustainable

    The failures of many retakaful operators in their infancy, the discouraging current state of the takaful market and an increasingly challenging future raise the question of the sustainability of the sector. Mr Delil Khairat of Swiss Re Retakaful...

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