Positive but cautious outlook for UAE takaful market
Talent
Plugging the skills gap
Egypt
Promising future ahead
Claims
Driving down motor fraud
Regulation
Regulatory environment in the Middle East still unfolding
Regulating for inclusive insurance: 10 years on
Is consolidation the solution for the GCC Islamic insurance industry?
Parametric insurance has potential to drive takaful growth
MENA
MENA: 45 make it to finals of 6th Middle East Insurance Industry Awards
MENA: Health insurers looking at value-based pricing
MENA: Region to witness most productive years due to favourable demographics
Africa: New secretary general takes helm at AIO
Bahrain: Regulator reviews motor insurance requirements with insurers
Bahrain: 5 new insurance licences issued in the year to date
Bahrain: Central Bank issues final rules on insurance aggregators
Egypt: Insurance pools proposed for oil and aviation risks
Egypt: Ministry rolls out phased universal health insurance system
Egypt: Mandatory motor insurance pool accepts 2 more members
Jordan: Motor insurers resume granting 15% discount on premiums
Jordan: 1H underwriting profits jumped by nearly 50%
Kuwait Re's profits grew almost 50% to $9.4m in 1H2019
Morocco: Govt works on compulsory health and pension schemes for professionals
Oman: Mandatory health insurance scheme to be implemented soon
Oman Re's net profit more than doubled in 1H2019
Saudi Arabia: Mergers should 'preferably' involve more than 2 insurers
Saudi Arabia: Aggregate profits of 32 insurers hit $138m in 1H2019
Saudi Arabia: National AI centre to be set up to boost productivity
Tunisia: Forex losses hit Tunis Re's 1H profits
Turkey: Auto sales take a dive
Turkey: Asset risk a drag on insurers' credit profiles
UAE: Insurers posted healthy results in 1H2019
UAE: Insurance sector urged to press ahead with Emiratisation
UAE: Pay-per-km insurance plan launched
UAE: 3 in 4 people are uninterested in buying home insurance
UAE: Regulator working on telematics to promote road safety
UAE: Health insurers set aside only 3% of budget for technology
UAE: DIFC FinTech Hive's accelerator programme includes 10 InsurTech start-ups
UAE: Ajman Free Zone signs deal with Dubai Insurance to cover foreign workers
Global
Monte Carlo: CAT losses, pricing and ILS hot issues of $600bn reinsurance market
Global insurance prices up 6% in 2Q2019: Marsh
Lloyd's market is at a pivotal stage: Aon
Dorian losses expected to hit $3.5-6.5bn: RMS
Takaful
Egypt: Largest insurance group to start life takaful unit next year
Egypt: Takaful business surges ahead of conventional insurance
Egypt: Regulator sets agency fees for takaful companies
Egypt: Takaful operators given additional 6 months to comply with new regulations
Qatar: Plans to centralise Islamic finance sector supervision on the cards
Saudi Arabia: Tawuniya to insure foreign pilgrims for next 4 years
Turkey: Takaful grew faster than conventional business in Jan-July
UAE: Product development must take into account different jurisdictions
UAE: Abu Dhabi National Takaful expected to outperform competitors
People on the move
COVER STORY - Talent
Buy Now
COUNTRY PROFILE - Egypt
The insurance sector in Egypt continues to register notable growth rates, and insurers are benefiting from the various initiatives the federation and regulator have been developing over the past few years. At its annual roundtable, held in...
FEATURE - Claims
As fraudsters continue to refine their methods and pose new challenges for the industry, motor insurers are driven to improve their processes using the latest technologies to combat the increasingly sophisticated threats.
The world is seeing a tremendous flux of activities as the chaos, haze (in Southeast Asia) and confusion become the new norm – made worse by fake news and unfounded speculation at the highest levels.
The UAE takaful market has been consistent in its performance over the recent years. Middle East Insurance Review catches up with Mr Safder Jaffer, managing director, Milliman Middle East to get an update on the 1H results, market developments, as...
The talent crisis – driven by a shortage of skilled labour – has been a perennial issue in the region’s insurance sector, which has traditionally relied on a largely expatriate workforce. Consequently, market leaders are looking at...
Regulations on data privacy and technology present obvious challenges to insurance entities operating in the region, not least around corporate governance, compliance and budgeting. Insurers need to review their internal risk management departments,...
Regulations around inclusive insurance have evolved over the last decade as regulators are now increasingly taking a more integrated view on the market development rather than focusing on developing microinsurance in isolation, says Ms Hui Lin Chiew...
Takaful operators in the GCC are facing increasing pressure following years of flat growth and declining profitability. Tougher regulatory requirements are expected to kick-start consolidation in the sector while also easing highly competitive...
Prof W Jean Kwon of St John’s University discusses how parametric insurance has the potential to position itself with traditional products in the takaful market and help operators to expand their scope of risk coverages and improve their...
A total of 45 insurers, reinsurers, brokers, risk managers, service providers and industry leaders have made it to the finals of the 6th Middle East Insurance Industry Awards (MIIA), edging out more than 300 other entries in the first round of...
Affordability and value-based pricing are driving innovative payment schemes in the regional healthcare insurance sector, as governments in MENA introduce mandatory health insurance and encourage funding from the private sector.
The most favourable demographic dividend period for MENA is between now and 2040, when an unprecedentedly large proportion of its population will transition into their most productive years and the dependency ratio is predicted to be the lowest.