Magazine

Nov 2020

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

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

Sailing in rough waters

COUNTRY PROFILE - United Arab Emirates

The UAE insurance sector is expected to weather the COVID-19 storm this year despite the economic contraction, which is creating a deeper impact than earlier projected. Insurers need to brace themselves for possible complications in the coming year. 
 

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Turbulent times in a hard market

COVER STORY - Aviation

The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals to mitigate against new risk exposures and COVID-19-adjusted reduction in premium base.

GCC: Takaful sector resilient so far, but there are challenges on the horizon

TAKAFUL FEATURE

The takaful sector has benefited from strong earnings in 1H2020 driven by fewer motor and medical claims but earnings could drop in 2H2020 and 2021. Some insurers will therefore need to revisit their business models and significantly strengthen...


All Stories

  • Magazine article aboutEditor-s-Message

    Editor's Message

    COVID-19 rages on with more bad news a-coming for the winter in the North. Many are already in the third wave of the lockdown, too, with more than 40m infected though many have recovered speedily almost scratch-free. The world is also afflicted by...

Interview

  • Magazine article aboutThe-road-ahead

    The road ahead

    Lloyd’s regional representative for Middle East and Turkey Andrew Woodward shares his views on the current state of the Middle East insurance industry, the implications of COVID-19 and where he sees opportunities in an increasingly challenging...

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  • Creating synergies

    Tysers Insurance Brokers Ltd, DIFC branch senior executive officer Anthony Harris outlines the group’s priorities following the full integration of RFIB Group into the Tysers brand in October.

Special Report

CEO Roundtable

Cover Story

Aviation

  • Magazine article aboutTurbulent-times-in-a-hard-market

    Turbulent times in a hard market

    The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals to mitigate against new risk exposures and COVID-19-adjusted reduction in premium base.

  • COVID-19 and aviation claims

    Mr David Bickerton of McLarens Aviation explains how the pandemic has not only reduced aviation claims but also affected the way insurance losses are being handled.

  • How COVID-19 paralysed global aviation

    Insurance and reinsurance consultant Amer Daya looks at how airlines are fighting their way through the worst crisis to have hit the sector since the dawn of aviation.

Country Profile

United Arab Emirates

  • Magazine article aboutSailing-in-rough-waters

    Sailing in rough waters

    The UAE insurance sector is expected to weather the COVID-19 storm this year despite the economic contraction, which is creating a deeper impact than earlier projected. Insurers need to brace themselves for possible complications in the coming year.

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  • Life to achieve deeper penetration

    The pandemic, along with new market regulations introduced this year, is expected to put a strain on the growth of life insurance business in the UAE, but there remains great potential in the long run.

  • COVID-19 and health insurers

    The importance of health insurance is growing significantly on the back of the pandemic, but rates and terms are subject to profound changes as players need to reassess their strategies.

Feature

Brokerage

Claims

Insights

Regulation

Corporate Governance

  • Rewriting the rules of corporate governance

    Board of directors should use this time to review their organisation’s objectives and understand how the organisation and its people will cope with significant change, says Mr John Crawley of GCC Board Directors Institute.

Takaful Feature

Conference Report

  • Magazine article aboutTowards-a-fruitful-public-private-partnership

    Towards a fruitful public-private partnership

    The growing importance of health insurance in the region should prompt better cooperation between public and private stakeholders to expand coverage, said speakers at the 6th Regional Forum for Medical Insurance & Healthcare in Cairo, Egypt.

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News

MENA

Product Bites

Diary

People on the move