Magazine Table of Contents
Having witnessed first-hand the state of digitalisation of insurers in the UAE and wider MENA region over the last four years, PolicyBazaar’s Mr Neeraj Gupta spoke to us about the main hurdles currently facing the industry and what insurers can do to overcome them.
The Indian insurance sector is growing fast relative to other markets and brokers have played a vital role in this. Middle East Insurance Review spoke to Prudent Insurance Brokers’ Mr Pavanjit Singh Dhingra about the issues that the Indian broking community faces today.
Life & health
Healthcare costs and health insurance premia are expected to rise for consumers in the Middle East markets in 2022 due to the increased demand post-COVID-19 - and also due to normal inflationary pressures. However, certain factors like the use of telehealth and data analysis may help to offset the rise in costs to some extent.
Despite the upheaval caused to the life and health insurance sector in the Middle East, a raft of regulatory changes, increased demand for certain products and insurers’ abilities to adapt quickly have helped it stabilise, says RGA Reinsurance Company’s Mr Tamer Saher.