On a winning streak: Life Insurance Corporation (International)
Regulations
Right steps, right direction
Palestine
Sharing the fruits of bonhomie
Big challenges for a promising sector
CEOs in the Hot Seat
All eyes on the CEO
Medical Malpractice Insurance
Consider the claims trends
Political Risk Insurance
Handle fragile states with care
InsurTech
Slow but not steady adopters
Sukuk
Building the ecosystem for a new asset class
Lebanon: Gen Re screens movie to share its "Incredible Curious Adventure"
MENA
First FinTech deal inked between two MENA jurisdictions
GCC: Economic growth to remain muted this year
GCC: UAE to enjoy biggest boost to public coffers from VAT
Algeria: Life unit of AXA increases capital by 80% to $19.6 mln
Bahrain: Insurance to grow 7% annually to $1 bln in 2021
Egypt: Govt exploring insurance for state assets
Egypt: Arope Egypt ups capital by 60% to $9 mln
Iran: Largest insurer Iran Insurance Co separates its life operations
Iran: Nat CAT insurance fund on govt's agenda
Iran: Govt to receive $58 mln from sale of stakes in 3 insurers
Iran: Two local insurers to bear 30% of loss of Iranian oil tanker
Jordan: Insurers renew call for motor premium hikes
Kuwait: Insurance mart tipped to grow at CAGR of 9% till 2021
Kuwait: Changes to insurance law to double minimum capital to $33.3 mln
Lebanon: Regulator to tighten bancassurance regulations
Morocco: Lack of insurance constrains aquaculture
Morocco: More flexible exchange rate regime adopted
Oman Re adds event cancellation service, rolls out agriculture products
Oman: Dhofar Insurance to undertake financial restructuring
Qatar Re gets green light for London branch
Qatar: QIC Group's premiums up 18.5% to $3.2 bln in 2017
South Sudan is 14th to join African export credit agency
Tunisia: Tunis Re sees revenue rise to nearly $50 mln in 2017
Turkey: Motor premiums rise by 5%
UAE: Insurers to see rosy profit growth for 2017
UAE: Financial security requirements for seafarers
UAE: Ministerial Development Council reviews national strategy for health research
UAE: Unlicensed agents account for 5% of motor business
Global
BI and cyber dominate global risk landscape in 2018
New bacteria strain to block Zika and Dengue transmission
Maritime piracy and armed robbery at 22-year low in 2017: IMB report
Takaful
Global: IFSB launches 2 e-learning modules for takaful and Islamic financial institutions
Global: Uncertain performance for sukuk this year after strong 2017
Indonesia: Lack of capital hampers spin-off of takaful units
Malaysia: Takaful growth outpaces conventional counterpart in 1H2017
Malaysia: Etiqa splits business into four entities
Saudi Arabia: VAT pushes up healthcare costs
Saudi Arabia: More interest in motor damage assessment centres
Saudi Arabia: Localisation in insurance sector reaches 66%
Saudi Arabia: Discounts up to 15% on auto premiums extended till end-June
Tunisia: Finactu to lead the sale of Zitouna Takaful and Banque Zitouna
People on the move
COVER STORY - Regulations
Buy Now
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.
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...
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...
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...
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...
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.
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...
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.
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...
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.
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...
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...
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...
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...