Despite the disruptions posed by economic, social and political changes, brokers have continued to support the growth of the insurance industry. Mr Issam Hitti of the Lebanese Insurance Brokers Syndicate highlights brokers' contributions in Lebanon.
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Motor insurers in the region should factor in online distribution and manage claims costs efficiently by displaying zero tolerance for fraud to improve the bottom line, said MEIR's 1st Middle East Motor & Claims Conference.
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Life insurers need to address the needs and demands of today's customers and enhance their product value, while regulators need to ensure a level playing field said the first-ever Middle East Life & Family Takaful Summit, organised by MEIR in Dubai recently.
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Given the interconnectedness of global economies, the Eurozone crisis and the ensuing risk of contagion are already starting to spread to the Middle East. How are insurers, particularly those in the region, affected?
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The rising power and interconnectivity of emerging markets, changing customer behaviour and state-directed approaches to economic development will shape the future for asset managers, say Mr Bryan Ingram and Ms Ilse French of PwC.
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The untapped potential in specialty lines opens windows of opportunities for MENA insurers to find profitability while serving vital professional and commercial segments, said speakers at the Apex Forum on specialty lines insurance.
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