Magazine

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

Jun 2022

Celebrating GAIF 33


Major changes in Arab insurance

The 33rd conference is the first GAIF major event in four years and after the COVID-19 crisis.
 


Future days

This year’s GAIF conference, its 33rd, sets itself a bold agenda – reflecting the confidence with which the general insurance sector in the Arab world has emerged from the global pandemic.
 

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Right time

The future direction of the general insurance industry can be predicted by close observation of what the regulators are saying and doing in each market. We offer a round-up of savvy insights from some of the region’s leading insurance regulators.
 

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Takaful in Algeria

Algeria has been taking many and regular steps towards encouraging the growth of takaful in the country. We take a look at some of the most significant steps in recent times.
 

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Some markets are volatile - others stable

In time for GAIF, we offer a roundup of the performance of some of the most interesting markets in the region over recent months – with a look at Turkey, Bahrain, UAE, Saudi Arabia and Jordan.
 

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'Stagflation' making a comeback

In a new report, Swiss Re Institute forecasts a stagflation-like economic environment for 2022 and 2023, characterised by higher inflation and lower real GDP growth. Unlike the structural stagflation of the 1970s, this stagflation will be cyclical, with the slowdown in economic growth leading to lower but still very high inflation in 2023. For the insurance industry, claims inflation is expected to affect non-life insurers’ profitability in 2022, leading to further market hardening in 2023.
 

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