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Magazine

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

Oct 2024

October-Home

Editor's Letter

The mystery of the missing MENA ILS

Reinsurance

MENA's evolving landscape offers scope for ILS

Market Profile

Oman

Resilience and growth of Oman reinsurance

Oman insurance sector headed for 4.5% growth

Takaful in Oman is small but impactful

Oman life and health insurance on growth path

Brokers in Oman set to be positive change agents

General insurance - stronger market in 2024

Oman's ambitious bet for insurance growth

Oman's national development plan offers scope for insurance growth

Insurance

General

GCC insurance market set for rapid growth

Insurance captives can be a game changer

Saudi Arabia

Domestic insurer goes regional

Saudi's opening up spells growth for insurance

InsurTech boom in Saudi Arabia

Broking

Egypt: Adapting to technology in (re)insurance broking

Regional reinsurance brokers reinventing game plan

M&A

Surge in MENA insurance dealmaking

AI in insurance: Early mover advantage

Lebanon: Impetus for insurance workforce to reskill for AI

AI is redefining MENA insurance

Takaful

Plenty of scope for global takaful growth

Notebook

MENA support network for women in insurance

News

MENA

GCC: Takaful market expected to see another profitable year in 2024

GCC: Impact of regional weather-related events in 2Q2024 contained by reinsurers

Algeria: Proposals to enhance takaful legislation

Algeria: National Agricultural Insurance Mutual's protection plan for seasonal workers

Bahrain: Insurance market set for shake-up with Solidarity Group's acquisition offer

Bahrain: Bahrain National Holding's 1H2024 profit plunged on storm losses

Egypt: Insurance industry recorded $900m in premiums in 1H

Egypt: Inflation's impact on insurance brokers

Kuwait: Banks promote life insurance to borrowers

Kuwait: GIG's insurance revenue grew 15% in 1H 2024, balanced by increased claims

Morocco: Insurance regulator to boost insurance inclusion

Morocco: Insurance industry posted net profits of $428m in 2023

Oman: Central bank says financial stability remains strong

Qatar: QIC's 1H2024 net profit grew on strong momentum

Saudi Arabia: Tawuniya signed 15 FinTech deals to boost InsurTech

Tunisia: Steady growth in insurance sector

UAE: Lack of insurance for growing population of e-scooters

UAE: Sukoon introduces videoconferencing for life insurance underwriting

UAE: Sukoon completes acquisition of UAE Life Insurance

Global

Global: Industry pioneer Brian Salmanpour passes away in London at 74

Global: Reinsurers' risk/return dynamics gathers momentum

Global: Dynamic trading environment meets reinsurance demand

Global: Reinsurers advised to maintain discipline amid casualty risks

Global: Rising catastrophe losses amid climate change and secondary perils

Global: Lloyd's reports $6.4bn profit, combined ratio up by 83.7% at 1H

Global: AM Best affirms credit rating of Active Capital Re

Takaful

Egypt: Contributions grow at slower pace in 2Q

Malaysia: Takaful Malaysia shows steady performance

UAE: ADNTC cancels plan to acquire AMAN's life portfolio

Product Bites

Qatar Insurance Company unveils VITACARE, a new health insurance solution

Hong Kong's OneDegree partners with Saudi Arabia's Walaa for digital asset insurance

Tawuniya and Hakbah partner to provide life insurance coverage during their Jameya savings periods

Diary

People on the move

Brought to you by

Highlights from ARPC's 2024 Cyclone Risk Insurance Seminar

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

Magazine Table of Contents

Cover Story - Reinsurance

Where next for the post-pandemic market?

Source: Middle East Insurance Review | Sep 2020

Ms Rachel Cohen of New Dawn Risk discusses the state of the sector and expectations at the January 2021 renewals.

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