Magazine

Apr 2018

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

Takaful ranks relevant and resilient

COVER STORY - Takaful

Despite improvements in profitability, with competition from within and outside, takaful operators face fierce challenges. The cost of complying with new reporting requirements and governance and risk management rules add further pressure. But proving naysayers wrong, the industry is upbeat about clocking growth, though moderately, and remains relevant in the global insurance ecosystem.
 

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Raising the bar

COUNTRY PROFILE - Focus on Dubai

With Dubai’s growth over the past couple of years, insurance is on track to improve its standards and enhance the quality of business written. The regulatory intervention in several areas has actually led to a surge in both top line and...

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New risks for green buildings

FEATURE - Construction & Engineering

Green buildings using new materials, systems and technology present new risks, challenging insurers to respond with appropriate wordings and products, says Mr Ricardo Arroyo of AXA Insurance (Gulf).

Featured Articles


All Stories

  • Magazine article aboutEditor-s-Message

    Editor's Message

    There seems to be action everywhere with everyone seemingly hitting the innovation button fast and furiously. Maybe by GAIF in June in Tunisia, there will be a burst of apps and real innovation beyond talk, and gadgets to show that insurers are...

Cover Story

Takaful

  • Magazine article aboutTakaful-ranks-relevant-and-resilient

    Takaful ranks relevant and resilient

    Despite improvements in profitability, with competition from within and outside, takaful operators face fierce challenges. The cost of complying with new reporting requirements and governance and risk management rules add further pressure. But...

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Interviews

Country Profile

Focus on Dubai

  • Magazine article aboutRaising-the-bar

    Raising the bar

    With Dubai’s growth over the past couple of years, insurance is on track to improve its standards and enhance the quality of business written. The regulatory intervention in several areas has actually led to a surge in both top line and...

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  • Orient Insurance Co: In continued growth mode

    The continued success Orient Insurance Co achieved in the previous years consolidates the company’s position as the clear market leader, both in top and bottom lines, leaving other players in the UAE far behind. “We are working hard to...

News

MENA

People on the move

Diary

Legal Page

  • Magazine article aboutNew-UK-Act-gives-policyholder-rights

    New UK Act gives policyholder rights

    A new UK Act will give policyholders the right to claim damages in the event of late claims payment. This will have implications for the region as many policies written in the UAE are reinsured in London, says Mr John Barlow of HFW.

Takaful Market Profile

UAE

  • Magazine article aboutA-good-return-to-profitability

    A good return to profitability

    UAE takaful operators ended 2017 on a high note with growth in both top and bottom lines. The regulatory reforms introduced over the past three years, including increasing motor insurance prices and expanding range of mandatory medial insurance,...

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  • Orient UNB Takaful: Successful first steps

    Orient UNB Takaful successfully kicks off activities supported by the strength of its founders’ branding and prudent underwriting strategy, says CEO Syed M Asim from the company’s head office in Dubai.

  • Takaful Emarat: Gambit of a MENA game plan

    Takaful Emarat’s acquisition of Al Hilal Takaful last year is only a stepping stone towards further expansion in MENA to create a larger regional player within the next three to five years, says Mr Mohammad Al Hawari, Executive Board Member...

Personality Profile

  • Magazine article aboutQuintessential-insurance-honcho

    Quintessential insurance honcho

    Outgoing CEO of Oman Insurance Company (OIC) Christos Adamantiadis, leaves behind a legacy of astute management with customer centricity. He would like to be remembered for bringing more stability, predictability and a better level of...

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Takaful Feature

Sukuk

  • Magazine article aboutMalaysia-Going-green-with-sukuk

    Malaysia: Going green with sukuk

    Malaysia is wooing investors to finance green sukuk, a Shariah-compliant bond backed by assets and whose proceeds are used to fund environmentally sustainable infrastructure and other “green” projects, says Ms Siti Rohaya Mat Rahim of...

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Anniversary

Celebrations

  • Magazine article aboutHowden-celebrates-10-years-in-the-UAE-Big-expansion-after-huge-success

    Howden celebrates 10 years in the UAE; Big expansion after huge success

    Howden, the world’s largest international independent retail broker, continues its major expansion in the Middle East after consolidating its position in a highly competitive market, with its unique offerings and services.

  • Aon Benfield marks 5th year in DIFC

    Aon Benfield Middle East celebrated its fifth anniversary last February at the DIFC with friends and partners from the regional and international insurance industry. A cocktail reception was held at DIFC’s Four Seasons Hotel in Dubai to...

Feature

Construction & Engineering

  • Magazine article aboutNew-risks-for-green-buildings

    New risks for green buildings

    Green buildings using new materials, systems and technology present new risks, challenging insurers to respond with appropriate wordings and products, says Mr Ricardo Arroyo of AXA Insurance (Gulf).

CAT Risks

  • Modelling weather risks in the Middle East

    The Middle East region is prone to flooding from storm surges and heavy rainfall within a short period of time. Having new high-resolution flood modelling solutions coupled with more accurate exposure data will help insurers better manage risks and...

  • Triggering parametrics to close protection gap

    With its speed and certainty of payout, parametric insurance can cover traditionally uninsurable risks. The main challenge is to design a product that will appeal and be understood by all stakeholders, says Mr Nigel Brook of Clyde & Co.

Interview

  • Magazine article aboutHDFC-International-Innovation-torchbearer

    HDFC International: Innovation torchbearer

    HDFC International Life and Re Company Ltd (HDFC International) prefers to be known as the innovation torchbearer rather than yet another life reinsurer at DIFC. Mr Sameer Yogishwar, CEO, says he wants to go deep into the process of the insurers and...

  • Cigna scripts a success story

    Cigna has come a long way since its acquisition of the Zurich Insurance Middle East general insurer licence. Today, it’s better positioned to leverage the numerous opportunities presented by the healthcare sector in the region, which is...