Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

May 2024

Read the latest edition of AIR and MEIR as an Interactive e-book

Insurance as main driver of Algeria's economic development

REGULATION

Algeria is a prime example of a North African nation that has plenty of potential for the growth of insurance – both life and non-life. We caught up with Conseil National des Assurance’s Mr Laaziz Faid to discuss insurance regulatory developments in the past 12 months as well as prospects for the year ahead.
 

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Lebanon's general insurers stay resilient despite market gloom

MARKET PROFILE - Lebanon

The political and economic situation in Lebanon continue to pose challenges but the non-life insurance industry remains active amid the tough environment, demonstrating resilience in adapting to conditions of instability. We spoke to Arope...

Morocco's parametric insurance payout sets stage for flood protection expansion

REINSURANCE

Morocco was rattled by a 7-magnitude earthquake in September 2023, leading to the formation of a parametric insurance pool facilitated by Gallagher Re MENA. Although the financial impact from the Morocco earthquake was said to be manageable, it...

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Featured Articles


All Stories

  • Magazine article aboutDevelopments-in-cyber-and-digital

    Developments in cyber and digital

    A good deal of time has passed since major insurers and reinsurers began to devote significant time and resources to the opportunities and threats posed by cyber and digital.

Regulation

Saudi Arabia

  • Magazine article aboutApplying-AI-in-insurance

    Applying AI in insurance

    According to experts, the application of AI in InsurTech can range from providing behaviour-based insurance products based on real-time data gathered to classifying claims and estimating claim amounts with greater accuracy.

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  • Accelerating InsurTech adoption in Saudi Arabia

    Saudi Arabia has been witnessing a growing interest in InsurTech, with several companies emerging in the sector. Saudi Arabia’s regulatory frameworks pave the way for harnessing the power InsurTech in the region.

Takaful

  • Magazine article aboutBringing-innovation-to-takaful

    Bringing innovation to takaful

    Worldwide, takaful operators have been slow at innovation but things are about to change with several new-age players who are using technology and cutting-edge solutions to attract the masses. Ouch! is one such takaful company that is introducing...

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  • Improving takaful with preventative claims due diligence

    Takaful performance in the GCC has been affected by rising claims and costs. Chedid Re’s Mr Wasim Alwani believes that fraudulent activities can be prevented with more emphasis on preventative due diligence, rather than reactive due diligence...

  • Opportunities abound for Malaysian takaful

    There is significant consumer demand for ethical and socially-responsible insurance solutions that will drive takaful adoption in Malaysia. Etiqa Insurance and Takaful’s Ms Janifer Queen spoke to Middle East Insurance Review about how the...

Market Profile

Lebanon

  • Magazine article aboutLife-insurance-during-wartime

    Life (insurance) during wartime

    To say that Lebanon has had a tough couple of decades would be an understatement. Once considered to be the financial capital of the Middle East, the ravages of history have taken their toll – relentlessly diminishing the size of the life...

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  • Lebanon's general insurers stay resilient despite market gloom

    The political and economic situation in Lebanon continue to pose challenges but the non-life insurance industry remains active amid the tough environment, demonstrating resilience in adapting to conditions of instability. We spoke to Arope...

  • Lebanon: New regulations needed for stability

    Lebanon’s insurance industry is going through significant changes, such as exclusion of war risks since the outbreak of war, digitalisation and adoption of IFRS17. However, there have been no new regulations or reform to maintain stability. We...

Market spotlight

Tunisia

  • Magazine article aboutSlower-growth-for-Tunisian-insurers-in-2023

    Slower growth for Tunisian insurers in 2023

    Tunisia’s non-life insurers saw slower net premium growth in 2023 compared to 2022, as increased fraud attempts bite into their bottom line. We take a look at some factors that have impacted the market over the past year.

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Insurance

General

Life & health

Reinsurance

SIRC Connect

  • Revolutionising reinsurance

    Work on continuing to grow the legacy of the Singapore International Reinsurance Conference as one of the world’s preeminent reinsurance events, with its 20th iteration later this year, has been going on for some months already. We caught up...

News

MENA

Global Risk Review

  • Marine heatwaves have significant impact on microorganisms

    Prolonged warm oceanic waters are altering the marine microorganism communities that form the base of the marine food chain according to new research.

  • Businesses struggling with net-zero plans

    Large businesses around the world are struggling with their net zero plans, with barriers including fears of unfair scrutiny of climate efforts and how to address supply chains emissions, according to a survey by the Carbon Trust.

  • Will 2024 be a turning point for geopolitical risks?

    The potential for political instability presents a major risk for 2024, with pre-existing grievances tied to the rising cost-of-living, food and energy insecurity, falling real incomes and high levels of debt generating more frequent acts of...

Product Bites

Diary

People on the move