The regulatory and legal landscape in the Middle East is evolving with the UAE and Saudi Arabia seeing some of the most dynamic changes. Though still nascent when compared to the more advanced markets and lacking effective implementation, they are right steps in the right direction. More is to come.

Sharing the fruits of bonhomie

COUNTRY PROFILE - Palestine

Palestine’s insurance sector has seen notable progress recently on the back of enhanced cooperation amongst providers to tap the potential of the market. Sustainability is still a critical question.

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All eyes on the CEO

FEATURE - CEOs in the Hot Seat

The changing business landscape has created a new level of complexity for today’s CEOs. Facing new demands, challenges, and opportunities, great leaders will be those who are able to adapt and innovate to achieve success for the company, while...

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Editor's Message

Editor's Message
February is upon us, and there is a definite degree of change in the air. The biggest change is that this is the first February in the entire 12-year history of Middle East Insurance Review that there is no MEIF. But that is not to say that there...

Interview

On a winning streak: Life Insurance Corporation (International)
Life Insurance Corporation (International) produced the best results among LIC of India’s eight international subsidiaries in terms of new business premium collection in 2015 and 2016. The trend continued in 2017 also with new business income...
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Cover Story

Regulations

Right steps, right direction
The regulatory and legal landscape in the Middle East is evolving with the UAE and Saudi Arabia seeing some of the most dynamic changes. Though still nascent when compared to the more advanced markets and lacking effective implementation, they are...
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Country Profile

Palestine

Sharing the fruits of bonhomie
Palestine’s insurance sector has seen notable progress recently on the back of enhanced cooperation amongst providers to tap the potential of the market. Sustainability is still a critical question.
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Big challenges for a promising sector
Though profitability has improved over the past couple of years with signs of further recovery, big challenges loom ahead, says Mr Anwar Al-Shanti, Chairman of the Palestinian Insurance Federation.
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Feature

CEOs in the Hot Seat

All eyes on the CEO
The changing business landscape has created a new level of complexity for today’s CEOs. Facing new demands, challenges, and opportunities, great leaders will be those who are able to adapt and innovate to achieve success for the company, while...

Life & Health

Medical Malpractice Insurance

Consider the claims trends
Medical malpractice underwriters face the dual challenges of increasing claims frequencies and higher damages awards by courts. Mr Brendan McDonald of Oman Insurance Company says insurers should know the underlying claims trends and warns of...
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Insights

Political Risk Insurance

Handle fragile states with care
The increasing fragility of states makes political risk insurance an essential for any company doing business across international borders. Mr Kade Spears of The Channel Syndicate looks at the reality of the market.
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InsurTech

Slow but not steady adopters
AI has all the makings of super facilitator for efficient claims processing, reduce claim costs, attract less risky clientele and improve underwriting practices. Yet, the insurance industry is a slow adopter of technology. Mr Nameer Khan, a...
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Takaful

Sukuk

Building the ecosystem for a new asset class
The takaful industry needs to boost the growth of sukuk as a vehicle for development and business expansion. Dr Hatim El-Tahir of Deloitte, Middle East, lists conducive conditions for widening the use of this asset class.
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Events

Lebanon: Gen Re screens movie to share its "Incredible Curious Adventure"
Gen Re MENA hosted an exclusive movie screening to present the outcome of its “Incredible Curious Adventure” (ICA) to distinguished business partners and take them on a thought-provoking journey along with some of the most creative minds...
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News

MENA

First FinTech deal inked between two MENA jurisdictions
Abu Dhabi Global Market (ADGM) and the Bahrain Economic Development Board (EDB) have entered into a FinTech cooperation agreement, marking a significant first in MENA and representing a leap forward in promoting the region as a connected and...
GCC: Economic growth to remain muted this year
There will be a slight pick-up in GDP growth of close to 2% in 2018 for the GCC as a whole, said Moody’s Investors Service in a report. While this will mark an improvement from GDP stagnation in 2017, aggregate growth will remain well below...
GCC: UAE to enjoy biggest boost to public coffers from VAT
The impact from the introduction of VAT will be different across GCC countries, and it will have the biggest boost on government revenues in the UAE, given its larger consumer base and the importance of retail spending, especially from overseas...