Not over-crowded, but open market: Gargash
Medgulf UAE hits full-year target within first 9 months
Life Insurance
Getting in sync with changing demographics
United Arab Emirates
Regulations with positive impact
General insurance strained by competition
Life insurance: New reality ahead
Takaful outstanding in first half
Home-grown profitability
Fraud
Tips on busting fraud
Brokers
From price discoverer to partner
MetLife UAE Employee Benefit Trends Survey 2017
Oman: Compulsory insurance spells opportunities for healthy growth
Liability Insurance
When honchos scurry for cover
The conundrum of awareness and claims
Technology and talent can transform FAIR-Land
Where is the untapped potential?
Growing takaful via trust fund models
MENA
A bold new ME Insurance CEO Agenda
MENA: Region's reinsurers diversifying to Asian, African markets
Algeria: Third-party medical insurance payment firm established
Algeria: Insurers mired in $651.5 mln of unpaid claims
Algeria: High road accident rate impacts motor business
Bahrain: SBI Life to open branch in December
Egypt: New EFSA head urges closer cooperation with IFE for sector's growth
Egypt: Regulator approves first online life products
Egypt: Industry head calls for doubling the minimum capital to EGP120 mln
Egypt: Insurers to talk with govt about reviving highway cover
Iran: Healthcare system faces liquidity crisis
Iran: Govt launches new measures to promote life insurance
Iran: Biggest local reinsurer seals CAT deal with SCOR
Jordan: Govt to modernise insurance regulatory system
Jordan: Non-communicable diseases expected to rise
Jordan: Healthcare industry opposes draft medical liability law
Morocco: Brokers reject professional exam, call for reform
Morocco: Non-life operating margin plummets by 2/3 in 2016
Morocco: 4 insurers command almost 61% of market
Oman Qatar Insurance's IPO subscribed 1.4 times
Turkey: Govt spells out goals for insurance in medium-term plan
Turkey: MTPL insurance losses to exceed $500 mln
Turkey: Agricultural pool expects premiums to reach $466 mln by end-2017
Turkey: Türk Eximbank forms alliance with S Korea's KSURE
Turkey: Govt to set up credit rating agency
UAE: IA to review licence applications based on ability to innovate
UAE: DHA becomes first Dubai govt entity to launch paperless electronic financial system
UAE: ADNIC International enters UK market
UAE: Insurers highlight areas for improvement in dealings with brokers
UAE: Misr and SHIELDS start operations at DIFC
UAE: Financial comparison website raises $10 mln
UAE: Insurers paying more heed to high-risk, high-growth assets
UAE: Dubai ranks as 2nd safest city in the world for drivers
UAE: OIC enhances online product offerings
UAE: Dubai authorities take proactive steps to prevent fire
UAE: 50% of respondents unsure of meeting medical expenses: Cigna survey
Global
Blockchain initiative B3i adds 23 new members, including 3 from MENA
Cutting greenhouse gases, reducing disaster risk, vital for sustainable development - UN envoy
IAIS recognises insurance mutuals enhance access to cover
Takaful
Global: Takaful companies urged to boost effectiveness
Malaysia: Etiqa completes acquisition of 75% stake in Indonesian insurer
Oman: Takaful Oman launches Islamic finance knowledge programme with 2 partners
Pakistan: Financial regulator introduces rules to improve Shariah advisory services
Saudi Arabia: Number of insurers to shrink under planned new rules
Saudi Arabia: Regulator targets 100% localisation of personal sales jobs
Saudi Re completes Probitas Holding acquisition deal
Saudi insurers' retention ratio rises to 83.6%
Saudi Arabia: Auto insurers to employ female staff to serve women drivers
Turkey: Takaful regulations to take effect this year
UAE: Takaful Emarat in strategic tie-up with InsurTech firm
People on the move
COVER STORY - Life Insurance
Buy Now
COUNTRY PROFILE - United Arab Emirates
GWP is growing buoyed by higher motor rates and the compulsory health insurance in Dubai. Several experts say the market will remain unchanged for the coming year though the regulatory initiatives are creating a positive impact. Is a healthier,...
INSIGHTS - Fraud
Only a fifth of all fraud is detected. With 10% of insurance claims said to be fraudulent, Shahzad Alam of Oman Insurance Company suggests some fool-proof detection methods.
There is a buzz in the air. Everyone is busy with meetings and conference all over. The renewals do set the pace for the hive of activities especially in Dubai.
The regulatory changes that are being introduced in the UAE are very positive because they are meant to clean up the mess, discipline the rogue players and protect the insuring public, says Mr Mustafa O Vazayil, Managing Director, Gargash Insurance...
The first nine of months for the new UAE operations of Mediterranean & Gulf Insurance & Reinsurance Company (Medgulf) were very promising as the company exceeded its targets and expects to make a great impact in the coming years, said Mr...
Life has never been big in MENA with the region’s premiums standing at US$9.2 billion in 2016. The life market lacks products with regional specificities, locally grown expertise, efficient distribution and portability. Can life insurers rise...
The market remains highly competitive not just in motor and medical but more so in fire where the increasing claims and severity of fire incidents in high-rise buildings seem not to have caused any hardening.
The UAE life insurance market is in change mode with standards rising led by regulatory reforms that will bring rules in par with the likes of Hong Kong and the UK with a client-centric focus. This is the golden chance for local players to expand...
Insurers expect a role reversal for brokers and further regulatory controls. Ms Nisha Braganza of Insurance Monitor lists product innovation and claims advocacy/management as priority areas for brokers in the UAE in the next three to five years.
MetLife’s EBTS 2017 demonstrates the power of employee benefits in a fast-changing workplace, highlighting the need for customised solutions in the UAE, says Mr George Dimitriou, Regional Head of Employee Benefits – Middle East &...
The 11th Middle East Healthcare Insurance Conference, first time in Oman, saw the launching of the compulsory healthcare insurance scheme for expatriates starting 2018. Held in collaboration with the Capital Market Authority of Oman, the conference...
Directors and officers of companies run the risk of making difficult and complex decisions about how to run their businesses, often with little information at hand. Mr Alexander Blom of AIG explains why D&O insurance is increasingly becoming a...
The rise in awareness, coupled with difficult economic conditions, will see an increased appetite for professional indemnity cover and claims. But Mr David Summers of Cunningham Lindsey explores why the increased awareness is not reflected in the...
The 25th FAIR Conference in Bahrain lists innovative use of technology and development of talent as insurance industry’s top priorities in battling emerging risks.
Takaful is growing steadily in some markets like Malaysia though in many others including in the GCC it seems to be slowing down. Takaful operators are still finding ways to appeal to Millennials, while grappling with regulations that do not promote...
The use of wakala-waqf (Islamic trust fund) models can help takaful grow as the way participants’ equity is handled should appeal to participants regardless of their religious background, says Mr Ezamshah Ismail of International Centre for...
A mix of illustrious names, including 11 regional leaders and four global experts, are lined up to speak at the inaugural ME Insurance CEO Agenda, a prominent insurance conference launched by Middle East Insurance Review (MEIR).
While domestic markets remain important to MENA reinsurers, they are also looking further afield for diversification in order to stabilise earnings against the uncertainties and volatility of their local markets, said A.M. Best in a new report,...
After a waiting period of several months, the insurance industry is ready to officially announce the creation of a company to manage third-party healthcare payments, under the supervision of the Central Reinsurance Company (CCR).