Working towards sustainable development: Mr Ahmed Al Mamari of Capital Market Authority, Oman
Insurance for Gen Y
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FAIR
Forging a future with FAIR
FAIR Non-Life Reinsurance Pool: Fair and profitable reciprocity
FAIR Aviation Pool: High flying premium retention
FAIR Nat CAT Reinsurance Pool: A pool of capacity providers
Bahrain
Stability backed by strong fundamentals
Prescription for viable growth
Regulations
The changing risk-transfer equation
Promoting a culture of compliance
Credit Ratings
Risk controls or barriers to success?
Oil & Gas
The changing face of energy risk
Bancassurance
Bridging the gap digitally
M&A
Complexities of alliance
Making (re)takaful sustainable
MENA
Finalists of 4th Middle East Insurance Industry Awards 2017
MENA: World Bank & Arab Monetary Fund urge reforms in pension systems
Africa Re sees lower 1H2017 profit
GCC: New car sales fell 30% in 1Q
Algeria: C-suite reshuffles at several insurers
Algeria: AXA posts profits after five years of operations
Bahrain: Health premiums grow 19% to $164.7 mln in 2016
Egypt: Loan-linked insurance drives 45% premium growth to $1.7 bln
Egypt: Insurers seek to cover nuclear plants overseas
Egypt: New insurance federation chief outlines 12 objectives for next 4 years
Egypt: Misr Life studies plans for standalone health insurer
Iran: Govt to sell remaining 11% stake in Amin Re
Jordan: 1H premiums grow 4.6% but profits dive 86%
Kuwait Re posts 72% profit growth to $6 mln in 1H
Lebanon: Regulator cracks down on fake motor policies
Morocco: Insurers' arrears up by 7% to $1.2 bln at end-2106
Oman: Insurance sector grew at 10% CAGR in 2011-16
Oman Qatar Insurance offers 25 mln shares to raise $10.4 mln
Qatar: Outlook negative due to potential consequences of boycott - S&P
Takaful
Tunisia: Listed insurers show mixed profit picture for 2016
Tunisia: Structural constraints retard insurance market growth
Turkey: Authority clears 32 insurers of anti-competition behaviour
Turkey: Govt announces mandatory medical liability insurance pool
Turkey: Average MTPL premium falls by 24% in wake of price cap
UAE: Regulator launches electronic database to keep track of Emiratisation among insurers
UAE: Listed insurers posted beyond expected strong performance in 1H
UAE: Motor premiums to rise with imposition of VAT
UAE: BPL Global receives DIFC licence
French residents of the UAE are the safest behind the wheel
UAE: Abu Dhabi health authorities introduce reforms to cut costs
UAE: Only 20% of breadwinners have life insurance
UAE: IA instructs insurers to cover cost of temporary housing in fire policies
Global
Recent Nat CATs highlight reinsurers' need to close "considerable" protection gap: Monte Carlo
Outlook for global reinsurance in 2018 remains challenging
First Shariah-compliant M&A insurance product launched in MENA
Indonesia: Takaful contributions grow 3.5% to $462 mln in 1H
Malaysia: Syarikat Takaful's profit before tax & zakat up 12.3% to $27.7 mln in 1H
Malaysia to launch certification programme for takaful practitioners
Morocco: Takaful market to open for both family & general lines
Saudi Arabia: Life insurance to be exempted from VAT
Saudi Arabia: Govt panel studies use of telematics in motor insurance
Saudi Arabia: Regulator bars 7 firms from mandatory auto insurance
Saudi Arabia: Over 300k workers injured on the job in past 5 years
Turkey: Draft takaful regulations to be submitted to Premier
UAE: Al Hilal Takaful appoints Emirates NBD Asset Management to manage its investments
Diary of Events
People on the move
COVER STORY - Insurance for Gen Y
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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...
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...
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.
A confluence of macroeconomic factors and regulatory reforms has created a conducive environment for Oman’s insurance sector to grow gradually and steadily. Insurers need to capitalise on this opportunity and remain competitive especially by...
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...
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...
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?
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...
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.
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...
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...
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...
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...
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...
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...
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...
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...