Magazine

Dec 2017

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

Of resilience and regulations

COVER STORY II - Year in Review

Year 2017 for the Middle East insurance industry will go down in history as a year of resilience, bold regulatory measures, mandatory health coverage in most GCC countries, slow adoption of technology, definite shift towards private healthcare and the determination to introduce VAT. But the much-touted consolidation remains elusive in a fragmented market beset with over-capacity.
 

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Proper regulation is the missing link

COUNTRY PROFILE - Kuwait

Kuwait offers ample opportunities and outstanding incentives for the insurance industry to grow and thrive, given the country’s wealthy economy, bold development plans and its long history in the financial industry. The regulatory environment,...

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Celebrating excellence

COVER STORY I - Middle East Insurance Industry Awards

Saluting the stars of the 4th Middle East Insurance Industry Awards


All Stories

  • Magazine article aboutOn-a-strong-comeback-trail-Sharjah-Insurance-Co

    On a strong comeback trail: Sharjah Insurance Co

    Sharjah Insurance Co (SICO) is undergoing a revamp which is projected to place the company among the top profitable insurers in the UAE market within the next five years, says Mr Ayman Khamis, General Manager.

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  • A multi-dimensional reinsurer: Trust Re

    Trust Re aims to be an exceptional reinsurance provider by offering clients turnkey solutions and responding to their needs, while modernising its business tools and processes, says Mr Fadi AbuNahl, Group CEO and Director.

Life & Health

  • Magazine article aboutWell-being-in-cost-effective-way

    Well-being in cost-effective way

    Managed quality plans offer better value as powerful cost-saving incentives are coupled with preventive care and outcome-based measures. And within a robust regulatory system, payers, providers and regulators can collaborate to deliver the highest...

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  • A wellness programme for a slim medical bill

    How about incorporating wellness programmes into underwriting model as a mandatory requirement to check medical inflation? Mr Ziad Kharma of GlobeMed says such an innovative model can be put to practice with the use of technology.

Country Profile

Kuwait

  • Magazine article aboutProper-regulation-is-the-missing-link

    Proper regulation is the missing link

    Kuwait offers ample opportunities and outstanding incentives for the insurance industry to grow and thrive, given the country’s wealthy economy, bold development plans and its long history in the financial industry. The regulatory environment,...

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Insights

Distribution

  • Magazine article aboutDistribution-disrupted

    Distribution disrupted

    With evolving customer preferences and advancing technology, insurers and brokers are adapting and re-tooling themselves to capitalise on the opportunities that come with change. What pro-active steps should they take to stay relevant in an evolving...

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Strategic Global View

  • Insurance view of Nobel Economics Prize

    Behavioural economics can be harnessed by regulators and insurers to “nudge” customers towards making better buying decisions, argues Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company.

Accounting standards

  • Towards a robust reporting framework

    Insurers treat IFRS 17 with lesser priority as the new accounting standard need to be implemented only with effect from January 2021. Mr Adil Abid of KPMG warns that it would be a grave mistake as reskilling and procedures updating are herculean...

News

MENA

People on the move

Diary

Conference Reports

Middle East Insurance CEO Agenda

  • Magazine article aboutWhen-CEOs-were-challenged-

    When CEOs were challenged...

    Middle East Insurance Review’s high-profile summit Middle East Insurance CEO Agenda (MEICA) in Dubai went for the jugular and challenged the quality of insurance CEOs in the market with the theme “Are the CEOs up to the mark with the...

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Events News

  • Magazine article aboutMeet-the-Marketmen

    Meet the Marketmen

    Lloyd’s bigwigs reaffirmed its commitment to the Middle East at the “Middle East Meet the Market” event in Dubai. More companies will join Lloyd’s in the DIFC soon as it expands its footprint in the region.

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  • Technical workshop on managing construction risks and claims

    The ALA Academy of UAE and the Australasian Institute of Chartered Loss Adjusters (AICLA) jointly organised a construction insurance workshop in Dubai in early October.

Reinsurance

1/1 Renewals

  • Magazine article aboutOver-capacity-a-spoilsport

    Over-capacity a spoilsport

    The January renewals will see rates remaining soft in MENA due to over-capacity, intense competition and low oil prices. As such, reinsurers need to improve their risk selection process, while increasingly seeking geographical diversification, says...

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  • Reinsurance outlook: Continuing saga of foreign dependence

    Mrs Yolla El Khoury of ACE Holding WLL, bringing a broker’s take, says strong growth in commercial risks, compulsory insurance and economic diversification by governments will create opportunities for reinsurers in a market dependent on...

Editor's Message

Takaful

Microtakaful in Bangladesh

  • Magazine article aboutPolicy-tools-that-protect-the-poor

    Policy tools that protect the poor

    Although the 13.5% growth of microtakaful in Bangladesh is encouraging, more needs to be done to promote awareness and cooperation, as well as in framing regulations specific to this unique form of insurance to protect the poor, says Mr K M Mortuza...

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Cover Story I

Middle East Insurance Industry Awards

Cover Story II

Year in Review

  • Magazine article aboutOf-resilience-and-regulations

    Of resilience and regulations

    Year 2017 for the Middle East insurance industry will go down in history as a year of resilience, bold regulatory measures, mandatory health coverage in most GCC countries, slow adoption of technology, definite shift towards private healthcare and...

    Buy Now