Still committed to boosting professional standards
Customer Engagement
Staying connected in a changing environment
Bahrain
Heading towards new challenges
COVID-19 heightens challenges Bahraini insurers face
C&E
Construction sector in precarious position
Event Cancellation
Navigating event cancellation in a post-COVID-19 era
Regulation
UAE Insurance Disputes Committees: New limits on scope of authority
GCC takaful 2019 results show a remarkable turnaround
MENA
Nominations open for 7th Middle East Insurance Industry Awards
MENA: Historic opportunity to develop the Arab sector - GAIF
Pana Harrison and Mitsui partnership signals opportunities for reinsurers in MENA and Asia
Egypt: Motor insurers optimistic as govt resumes licensing of new cars
Egypt: Reinsurance rates expected to increase
Kuwait: Gulf Insurance Group invests in financial comparison platform
Lebanon: Aggregate premiums down by 5% to $1.6bn in 2019
Morocco: Sector sees 13% fall in premiums in March
Morocco: Insurers to offer motor premium discounts exceeding $50m in total
Oman: Reinsurer's 1Q financial performance exceeds expectations
Qatar: QIC issues notes raising $300m
Saudi Arabia: SAMA issues bancassurance rules
Saudi Arabia: COVID-19 to accelerate insurance mergers
UAE: Regulators act jointly to stress use of FinTech to prevent money laundering
UAE: Insurance Authority sets up crisis and emergency management chamber
UAE: Telemedicine consulting expected to cut health insurance claims
UAE: IA mulls new stimulus package
UAE: Daman and healthcare providers form alliance to fight COVID-19
UAE workers stay productive during work-from-home
Global
Global insurance to see no profits until 2021
FERMA task force to find solution for non-damage BI cover
Pandemic shows need to update insurance products
Takaful
Malaysia: IFRS 17 delay a boost for takaful sector
Malaysia: Takaful sector expected to recover gradually by year-end from COVID-19 impact
Morocco: Decree passed to implement takaful law
Oman: Takaful outpaces conventional insurance in 2019
Turkey: New takaful company established
UAE: Watania distributes dividends for second year in a row
Product Bites
People on the move
COUNTRY PROFILE - Bahrain
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COVER STORY - Customer Engagement
Insurers have stepped up their customer engagement efforts during this global health crisis to ensure that their customer relationships will outlast the pandemic.
TAKAFUL FEATURE
The GCC takaful market has delivered a robust performance amid a challenging operating environment, with both growth rates for net profit and gross written contributions turning positive in 2019 – and even outpacing those of conventional...
We are still in the spirit of Eid and a long, hot summer is upon us, giving us time to reflect on the different challenges of the day where COVID-19 takes centre stage though with varying degrees of recovery actions and foolhardiness depending on...
The Chartered Insurance Institute (CII) is making inroads into the Middle East and Africa region through its hub in Dubai. The institute’s regional director Gaenor Jones talks about the collaboration with local partners to future-proof the...
The impact of COVID-19 will weigh on the prospects of the insurance sector in Bahrain, where geopolitical challenges and the tough operating environment have been hampering growth for several years.
While the large-sized Bahraini insurers have good solvency buffers to absorb the current financial market shock, there is concern as to how insurers with lower solvency levels will cope with additional stresses in the short term, particularly if...
The Middle East construction sector finds itself in an extremely challenging spot amid the coronavirus pandemic and the resulting oil crisis. Mr Serkan Cimilli of Howden discusses the knock-on effects and emerging risks facing construction and...
Messrs Steve Bainbridge and Justin Carroll of Al Tamimi & Co discuss the risks of event cancellation and what to look out for in the future.
Ms Ruby Modare of Ince Dubai explains the types of disputes to be heard by the Insurance Disputes Committees following the recently released resolution amending the scope of their jurisdiction.
The COVID-19 pandemic has created fundamental changes in how insurers operate, revealing the sector’s agility in adapting to the new market reality, said General Arab Insurance Federation (GAIF) secretary general Chakib Abouzaid. He called on...
General (re)insurance broker Pana Harrison (Asia) said the Monetary Authority of Singapore has approved Mitsui & Co’s investment in the firm. Mitsui is effectively an equity shareholder of Pana Harrison on completion of the transaction.