Sudan at a crossroads
Thriving life business helps to lift Algerian insurance market
Broader horizons ahead for L&H market in Algeria
Opportunities for Algerian insurers despite stiff competition
Staying relevant in a disruptive environment
Jordan industry emerges a winner
Post-rebound, market poised to flourish
Blue water thinking and P&I clubs
Ensuring competency in marine insurance
New technology and cyber risks on the high seas
Evolving political and cyber landscape for marine risks
Technology adoption needed for better perishable cargo regulation
Weather index insurance gains appeal in Africa
Can agriculture be sustainable in the Middle East?
Fire cover has never been more important, but clients need to up their game
Life & health
A different approach to the health insurance network
Catastrophes, human behaviour and insurance marketing
MGAs gain traction in MENA
Bright future awaits reinsurers in MENA
Are the stars starting to align for takaful?
View from India
Insurance industry can help India attain net zero
A stronger voice for the industry
Middle East: Region's energy insurance market expected to become more prominent
Middle East and Africa: Insurance and financial sector most targeted by cyber attacks
Bahrain: Health ministry confirms mandatory health insurance scheme to be launched this year for foreign residents
Bahrain: Howden sets up operations in the kingdom
Egypt: Gulf Insurance Group to acquire AIG Egypt
Jordan: National panel looks into providing healthcare to those without medical insurance
Kuwait: Motor premiums to see 80% hike
Morocco: ACAPS to launch training programme for intermediaries to market microinsurance plans
Turkiye: New mandatory auto insurance tariff system takes effect on 15 April
UAE: Nexus completes purchase of majority stake in specialist MGA
UAE: BMS to launch Middle East operations with majority stake in local broker
UAE: Insurance industry expands by 6.5% in 2022
Global: Reinsurers' discipline evident at 1 April renewals
Global: Multiline insurers leverage their competitive edge
Global: Munich Re and Zurich exit net zero climate alliance
Global: Hannover Re is the third to walk out
Global: Stable outlook for non-life reinsurers
Côte d'Ivoire: Insurance sector grows by 13% in 2022
Djibouti: African Risk Capacity Group signs Africa's first multi-year, multi-peril agreement
Ethiopia: Preparations afoot for new player in insurance market
Ghana: Call on insurers to re-strategize to ensure claims are settled
Kenya: Insurance market in post-COVID recovery
Kenya: World Bank sponsors expanded insurance scheme for herders
Nigeria: Claims ratio deemed too low
South Africa: Life insurers remain well-capitalised despite tough operating conditions in 2022
Tanzania: Insurance sector crosses TZS1bn-premium threshold for the first time
Tanzania: TIRA considers regulating insurance premium rates
Uganda: Regulatory official says promising progress made in localising marine insurance
Zimbabwe: Majority of gross premiums denominated in foreign currency to deal with hyperinflation
Algeria: Algeria United Takaful to launch new products in 2H
Egypt: Wethaq Takaful second operator to convert to conventional insurance operations
Global: IFSB issues proposed standard on the conduct of business supervision in takaful
Nigeria: InsurTech launches motor takaful plan
Qatar: Second largest takaful player receives 'A-' Financial Strength Rating from AM Best
UAE: Dar Al Takaful adopts new brand of Watania International Holding
UAE: Sukoon receives regulatory approvals to acquire takaful operator
Supply chains slipping up on green ambitions
Ransomware focus heads south
New research reinforces need for multi-layered security approach
Climate change is destabilising insurance industry
Political risk set to remain elevated but threat levels overestimated
AI can spread climate misinformation cheaper and faster
Ozone-depleting CFCs hit record despite ban
CEO insights on cyber resilience
Staggering cost of mental health is a crisis for insurers
A new COVID-19 like pandemic could arise in next 10 years
As world warms, droughts coming on faster
Employers vastly overestimate worker wellbeing
Nigeria: InsurTech start-up launches motor takaful product
Türkiye: Turk Re offers coverage of trade receivable insurance for bigger enterprises
UAE: Telecom operator provides coverage for customers' devices against cyber risks
People on the move
MARKET PROFILE - Algeria
Algeria’s small but dynamic life insurance sector has far outperformed the non-life segment in terms of top line growth in every quarter of 2022, helping to lift the overall market performance with a full year 6% increase in written premiums...
INSURANCE - General
The marine insurance industry has suffered over the past few years, but growth has begun to return with the rise in interest rates and general improvement in shipping business. However, there are still many challenges that marine insurers must...
As the MENA region continues its slow climb out of the economic trough caused by the COVID-19 pandemic, leaders in the insurance and reinsurance sectors might be hoping not just for business-as-usual but for a growth spurt caused by the release of...
Life and health insurance along with personal lines offerings have been registering notable growth rates in the past decade and have promising prospects ahead in Algeria, says L’Algerienne Vie’s Mr Ammar Meslouh.
General insurers in Algeria have been impacted by price wars and the suspension of motor vehicle imports. However, there are also many opportunities for growth in motor and other lines of business. Middle East Insurance Review spoke to CASH...
Jordan’s insurance industry continues to demonstrate resilience despite local challenges and difficulties experienced from regional and global impacts. However, more can be done to improve the sector with regulatory support and a disciplined...
Having recovered strongly in 2022, Jordan’s insurance industry is poised to continue growing over the next few years if it can adequately address the challenges its market currently faces, says Middle East Insurance Company’s Dr Rajai...
Towards the end of last year, S&P produced an overview of the marine protection and indemnity sector that pointed to some of the major opportunities – as well as significant threats – that P&I clubs face in a post-COVID world....
The continued digitalisation of the maritime sector means that shipowners can now rely on advanced new technology to manage risks. This reliance on technology, however, also exposes vessels to more cyber risks.
Humans are not generally preventive or proactive in their approach to health, environment and a lot more. Sales of insurance covers goes up in the aftermath of a catastrophic event. Why does this happen? SCOR’s Ms Caitlyn Parsons shares her...
More players in MENA are increasingly adopting the MGA model because it offers a solution that satisfies all parties involved and adds value to the marketplace, says Optio Re MENA’s Dr Ahmed Ramadan.
The MENA region possesses the necessary ingredients for the insurance industry to grow and offers reinsurers the opportunity to innovate sustainably, says Active Capital Reinsurance’s Mr Robert Ali.
Strong, sustained performance in major takaful markets, an increasing understanding among consumers that the principles of Islamic finance are aligned with many sustainability goals and a large untapped market of young, affluent Muslims could just...
The Indian insurance industry can do much to help achieve the country’s net-zero target for 2070. Consortia Legal Indian Advocates’ Mr Satyendra Shrivastava shares his thoughts with Middle East Insurance Review on how to kickstart the...
The Dubai International Financial Centre Insurance Association looks forward to playing a more effective role in developing the insurance industry and to becoming an active forum to help creating a better marketplace, says the association’s Mr...
The start of 2023 came with the increased cost of reinsurance treaties in the energy insurance market, averaging around 30%, along with increased retentions for reinsurers in the region, said WTW head of global downstream broking, natural resources...
The insurance and financial segment in the Middle East and Africa was the industry most targeted by cyber attacks in 2022, according to the IBM Security X-Force Threat Intelligence Index 2023 report.
Bahrain’s Ministry of Health has stated that the mandatory health insurance scheme will be implemented among foreigners this year and to citizens in 2024.
Companies are lagging in tracking supply chain emissions and risk missing forthcoming regulations on nature, according to the global non-profit disclosure platform CDP.
The frequency and size of ransomware attacks has started to spread from organisations primarily based in developed economies in the northern hemisphere, to include more targets in the southern hemisphere including the Middle East, Asia, Australia,...
The OpenText 2023 Cyber security Threat Report released in March 2023 explores the latest threats and risks to the small and medium business and consumer segments.
ETAP, an InsurTech startup operating in the automotive industry, has launched a new ethical car insurance product, ‘ETAP Takaful’, that is based on Islamic principles and designed to give back to participants and their communities.
Turk Reasürans (TürkRe) has announced that it will offer reinsurance coverage of trade receivables insurance for corporate businesses in the upper SME segment.
UAE telecom operator etisalat by e& has introduced cyber insurance coverage to protect its customers’ phones, laptops and tablets against different types of cyber risks.