The insurance industry in Egypt is benefiting from the economic development the country is witnessing. The regulator’s strategy to increase the penetration level is setting the stage for unprecedented growth in the next three years. Middle East Insurance Review organised a roundtable meeting with some of the sector’s leaders to shed light on the next period’s prospects.

High stakes on the Belt and Road

COVER STORY - BRI

Despite its obvious Sino-centric economic and political manifesto, the Belt & Road Initiative is growing in importance in the Middle East as witnessed by increasing bilateral trade, infrastructure developments and investment agreements, all...

All Stories

Editor's Message

Editor's Message
With the buzz of October, there is positive optimism in the region despite the global uncertainties and political tensions everywhere. Middle East, home to the largest oil reserves in the world and several ultra-rich entities, is taking disruptive...

Interview

Strengthening the regulatory environment
Several regulatory initiatives are in the pipeline to develop the financial strength and soundness of the insurance sector in Oman, says Mr Ahmed Al Mamari, vice president for insurance sector, Capital Market Authority.
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Special Report

Reinsurance

Meeting of minds in Monte Carlo
There can be few more potent symbols of an industry constantly reaching new peaks than the annual Rendez-Vous de Septembre that sees the bright, the experienced and the boldest insurers and reinsurers gather with one aim in mind – doing...
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Cover Story

BRI

High stakes on the Belt and Road
Despite its obvious Sino-centric economic and political manifesto, the Belt & Road Initiative is growing in importance in the Middle East as witnessed by increasing bilateral trade, infrastructure developments and investment agreements, all...

Country Profile

Egypt

Turning the tide
The insurance industry in Egypt is benefiting from the economic development the country is witnessing. The regulator’s strategy to increase the penetration level is setting the stage for unprecedented growth in the next three years. Middle...
Life: A growth generator
Life insurance in Egypt maintained a double-digit growth trend even in the toughest times and will continue to support the market growth.
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Takaful in upward trend
Product differentiation remains the biggest challenge for takaful operators, but the concept itself continues to achieve notable success in Egypt, market leaders say.
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Feature

Energy

Renewable energy: Powering the future of specialty insurance
With stronger specialist underwriting capability, local and regional insurers stand to benefit from the growing renewable energy sector in the Middle East, says Mr Murray Haynes of JLT Specialty.
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Big target for cyber crime
As the energy sector in the Middle East faces increased cyber threats, it is time for boards and senior-level management to take greater charge in assessing and mitigating such risks to protect their operations, says Mr Simon Bell of Marsh Middle...
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Risk Management

Adapting to the changing risk landscape
Middle East insurers are increasingly facing a variety of strategic risks as the industry develops and moves towards maturity. To safeguard their business effectively, insurers will need to rethink their approach to risk management in order to build...
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Insights

Marine

Regional shipping growth offers more opportunity for the P&I market
There is a bright future in the Middle East marine P&I market for insurers prepared to innovate and commit to the long term, say Messrs Eugène van Steekelenburg and Dirk Pieter Kruijsifix of MS Amlin.

Insurance for SMEs

SMEs: A growing market for Middle East insurers
Insurers stand to gain as SMEs continue to thrive throughout the MENA region bolstered by economic reforms, says Mr Tamer Saher of RGA Reinsurance Company Middle East.
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Healthcare

Optimising regulation without limiting competition
As inflation and market consolidation continue to raise medical costs and erode health insurers’ margins, regulators in the Middle East are fine-tuning regulations so that consumers can receive a higher level of care at reasonable prices, says...
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Takaful – Market Profile

Malaysia

Takaful strides forward
New regulatory requirements are expected to shake up the takaful market in Malaysia, but operators are taking these challenges in their stride, as takaful has shown better growth over conventional insurance in recent years, say Malaysian Takaful...
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News

MENA

Finalists of 5th Middle East Insurance Industry Awards 2018
A total of 44 insurers, brokers, risk managers, service providers and industry leaders have made it to the finals of the 5th Middle East Insurance Industry Awards (MIIA) 2018, lauded as the premier awards of the MENA region. They edged out more than...
MENA: Longstanding regional reinsurers show resilience to challenging operating environment
Longstanding MENA reinsurers continue to ride competitive pressures and carve out market niches to support their operations. They are steadily making sound returns, but return on equity (ROE) hovers around the mid-single digits, said A.M. Best in...
Middle East remains the 4th largest ultra-rich region
The Middle East remained the fourth-largest ultra-high net worth (UHNW) region in 2017, just ahead of Latin America and the Caribbean, but recorded by far the weakest growth both in its ultra-wealthy population (up 4.4%) and combined net worth (up...