Top of its game
Stage set for expansion
Innovate to face challenges
Lebanon
Growing despite headwinds
Rebranding
A brand new lease of life
Risk Management
Mitigating ecological risks
Environmental challenges and perspectives in the Middle East
Saudi Arabia: Broad prospects ahead despite challenges
Broader scope of topics covered at Aqaba Conference
Takaful in search of a blue ocean
MAPFRE ASISTENCIA signs $1m extended warranty & roadside assistance deal with Doha Insurance
Lebanon: GlobeMed lecture highlights the importance of lung cancer screening
Turkey: Milli Re's reinsurance seminar hosts 22 participants from 13 countries
International Health Insurance Forum series visits Africa
MENA
6th Middle East Insurance Industry Awards open for nominations
MENA: GAIF sec-gen Abdul Khaliq R Khalil steps down, leaving behind a rich legacy
Middle East: Reinsurers refocus appetite for oil & gas business
GCC: Public sector jobs nearly all localised
GCC: Cancer incidence rate increases significantly
Algeria: Insurance market saw marginal growth in 2018
Algeria: Majority of auto claims paid involve vehicles less than 5 years old
Algeria: Weak demand for public liability insurance products
Bahrain: Insurance industry discusses VAT
Bahrain: FIFE launches exclusive Arabic ARM in MENA
Egypt: Proposed new insurance law covers private insurance funds
Egypt: Regulator updates statute governing insurance institute
Egypt: FRA issues decree on compulsory motor insurance consortium
Iran: Floods cause estimated economic losses of up to $3.6bn
Jordan: Complaint index calculated for motor insurers
Jordan: Industry calls for establishment of independent insurance authority
Jordan: Insurers push again for motor pricing liberalisation
Kuwait: Govt sets up committee to audit insurers
Morocco: Cabinet approves compensation scheme for catastrophic events
Morocco: Talks break down between intermediaries and insurers
Oman: Reinsurer to convert to public joint stock company
Oman: CMA releases details about scope of mandatory health scheme
Qatar: Central Bank issues licensing & other rules for insurance-related firms
Saudi Arabia: Motor insurers see $27m loss from cases of fraud & ignorance over 15 months
Saudi Arabia: Crackdown on fraudulent & unauthorised insurance sales
Tunisia: Structural issues affect insurance industry's profits
Turkey: Umbrella trade body sets up committees to develop insurance agencies
UAE: Most expats lack realistic retirement plans
UAE: Millennium Insurance Brokers expands to Abu Dhabi
UAE: Auto premium discounts withdrawn from drivers with clean records
UAE: Financial advisory aggregator website launched
UAE: IGI reports solid full-year 2018 results and shows higher GWP growth
Global
EU sets guidelines for ethical AI, pilot phase to launch this summer
SIRC unveils theme for 2019 conference: Winds of Change
Reinsurance supply weathering the storm: Aon
Takaful
Global: Islamic insurance contribution rates forecast to rise in next 2-3 years
Algeria: Takaful law expected to be enacted by year-end
Malaysia: FWD completes acquisition of 49% stake in HSBC Amanah Takaful
Malaysia: Zurich Takaful collaborates with global app for Ramadan promotion
Malaysia: Unclaimed benefits worth over $72.6m
Morocco: 24% of Moroccans willing to subscribe to takaful
UAE: Takaful pushes premium growth into positive territory in 2018
UAE: Watania declared dividends for the first time since establishment
People on the move
COUNTRY PROFILE - Lebanon
FEATURE - Rebranding
Rebranding is no simple feat. But if done successfully, it can help breathe new life into a brand, giving the company the chance to regain market relevance, rapport with customers and competitiveness – all crucial elements for continued growth...
FEATURE - Risk Management
Environmental liability specialists and insurers can provide services to help businesses review, design and coordinate a well-planned response to an incident arising from natural perils, says Mr Arthur Lu of Allianz Global Corporate & Specialty...
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As business winds down this month with the onset of Ramadan, it is time to reflect internally on how to ride on the crest of the challenge facing the market as well as look at new directions for growth and sustainability. Competition is getting...
Oman Insurance Company CEO Jean-Louis Laurent Josi outlines the company’s strategy for success on the back of its stellar performance in 2018 and its return to the top spot as the UAE’s largest insurer.
Kingdom Brokerage for Insurance and Reinsurance is marking a significant milestone with the opening of its first overseas reinsurance branch and plans to continue expanding in the future, says its CEO Mahmoud El Madhoun.
Brokers need to be agile, active and innovative now more than ever to live through this competitive phase, says Mr Atinc Yilmaz, regional CEO of Howden Turkey, the Middle East & Africa (TMEA).
Lebanon continues to face tough economic conditions on the macro and micro level, which create a greater burden on insurers. Nonetheless, the insurance sector managed to grow over the past year but sustainability remains a challenge in the coming...
With the growing environmental challenges in the region, it is imperative to mitigate environmental pollution with the right coverage, says Mr Arnen Panopio of AIG MEA.
Despite seeing slower growth over the past couple of years, the Saudi insurance market remains full of potential. Nonetheless, providers share the responsibility in raising awareness and must expand their offerings beyond the traditional lines of...
The 7th Aqaba Conference addressed a broad range of hot topics – from the increasing number of cyber attacks in the region and capitalisation of insurers to the perennial challenges facing takaful operators and more.
Takaful operators have the opportunity to create a new market, especially with the massive size of Islamic finance as well as the benefits from technology, which would enable them to reach new heights, said speakers at this year’s World...
MAPFRE ASISTENCIA Middle East (MAPFRE) has partnered Doha Insurance Group (DIG) to provide extended warranty and roadside assistance for Mercedes and Mitsubishi vehicles in Qatar.
The Naef K Basile Cancer Institute (NKBCI) at the American University of Beirut (AUB), in collaboration with GlobeMed Lebanon, held a lecture on the importance of screening to detect lung cancer in its early stages.
Milli Re hosted its 13th Reinsurance Seminar, in line with its strategy of expanding into foreign markets, from 8-10 April with a total of 22 participants from Algeria, Belarus, China, Egypt, Ethiopia, Ghana, Kenya, Pakistan, Russia, Saudi Arabia,...
The 6th Middle East Insurance Industry Awards (MIIA) 2019 are now open for nominations. The Awards this year features a new ‘Woman Leader of the Year’ category to recognise the significant contribution that women make to the insurance...
Mr Abdul Khaliq R Khalil has decided to step down as secretary general of the General Arab Insurance Federation (GAIF) after serving in the post for more than two decades. He will leave the post by the end of June 2019 while the GAIF board chooses a...
The Middle East reinsurance market for oil-and-gas business underwent a process of change throughout 2018 and beginning of 2019, with many reinsurers refocusing their appetite towards risks of this nature as a consequence of poor underwriting...