Young people and insurance
General
The long-term effects of a single blocked canal
Where next for D&O in the Middle East?
The changing face of bancassurance
Bancassurance - A model untapped
A terrorism underwriter's perspective
Life & health
The way forward for life business
An enhanced model of care
Prioritising family protection in the UAE
Bringing broad reinsurance services to the market
A new regional reinsurer in the Seychelles
View from India
Reinsurers push up term insurance rates
Jordan
Jordan insurance regulation gets a makeover
Sector continues to make progress
Catalyst for healthy change
A show of strength
Reinsurance in Jordan holds firm interest
Upbeat on prospects in takaful
Lebanon
Market fighting for survival
ESG investment principles enriching stakeholder capitalism
The Islamic FinTech boom
A strong sense of confidence
Focused on long-term growth
Challenges ahead for reinsurers in the region
MENA
MENA: 8th Middle East Insurance Industry Awards - Open for nominations
MENA: Complete digital transformation of insurance sector seen as unlikely at present
MENA: Prevention and care management programmes drive better health outcomes - GlobeMed
GCC: Insurance outlook maintained at 'negative' - AM Best
Egypt: Parliamentary committees examine draft insurance law
Lebanon: At least 16,000 Beirut Port-related claims amounting to $1.1bn received
Morocco: National financial inclusion council promotes microinsurance
Oman: Financial regulator considers formulating new investment rules for insurers
Oman: Reinsurer conducts risk engineering workshops
Qatar: Shura Council approves draft law on healthcare and mandatory health insurance
Saudi Arabia: Insurance mergers are on the right track
UAE: Diabetes management programme enables over 60% of participants to manage risk of complications
Global
Reinsurers show signs of underlying combined ratio improvement - Willis Re
Pandemic fuels heightened political risk in 2021
IUMI renews focus on ESG issues
Reinsurers expected to post modest underwriting profits this year - Fitch
Takaful
Bahrain: Training institute releases book on technical aspects of takaful
Kuwait: First Takaful invests in Islamic insurer in Pakistan
Malaysia: Family takaful new business contributions rise by 7% in 2020
Morocco: Takaful to be launched soon
UAE: Watania declares third consecutive year of dividends
Product Bites
People on the move
REINSURANCE
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MARKET PROFILE - Jordan
Jordan’s insurance sector is navigating through a challenging stretch at present – coping with the twin realities of the COVID-19 pandemic and the imminent switch of regulator to the central bank. Jordan Ministry of Industry, Trade and...
The COVID-19 pandemic is accelerating change across the Jordanian healthcare ecosystem and challenging health insurers to pivot, adapt, and innovate in order to stay resilient and relevant to thrive through the crisis.
INSURANCE - Life & health
Financial attitudes and preparedness among families in the UAE reveal shifts in the customer mindset and protection gaps they are facing, says MetLife Gulf.
Today’s young people will perhaps be referred to in years to come as ‘the COVID generation’. While the pandemic has hammered every sector of society hard, it will perhaps be today’s young that suffer the consequences far...
The grounding of an ultra large container ship – the Ever Given – in the Suez Canal brought traffic on the central shipping route between Europe and Asia to a standstill, lasting six days and costing an estimated $1bn in losses. M
There are signs that significant changes are afoot in the litigation environment in the Middle East – and this could have an impact on the directors and officers insurance market, says Ms Nicky Stokes of New Dawn Risk.
Mr Tom Bicknell of Pinsent Masons discusses some of the regulations that currently exist and new ones that may need to be developed to ensure the region's bancassurance market remains buoyant and in line with global industry developments.
Reinsurance is a notoriously cyclical business but there seems little doubt that 2020 represented a period of growth for Munich Re – with GWP for P&C reinsurance in Asia, Australasia, Africa and the Middle East growing by over 17% during...
The first reinsurer of the Seychelles, SEY Re, hopes to support the country’s economic growth and create a robust gateway for its own reinsurance sector to begin with and for the African continent in the future.
As term life insurance cover gains market share in India, the pandemic toll and subsequent increase in pricing by reinsurers may spoil the party for the customers. But can insurers really help? A look at the situation on the ground.
The Jordan Insurance Federation (JIF) is going all out to help insurers overcome the economic hardship the pandemic has created. Moreover, the sector is heading on with preparations for major developments in the coming phase, including the transfer...
Lebanon’s deepening socio-economic crisis is putting a strain on the insurance sector as market participants grapple with pricing, taxation and collections divergences, among other challenges.
With a fast-growing population and a range of natural and geopolitical risks, exchange-traded funds in the MENA region have an opportunity to champion the concept of stakeholder capitalism as a new norm that transcends all corners of the business...
The global Islamic FinTech scene is a hive of activity projected to be worth billions by 2025.
Fitch expects the Indonesian takaful sector to record an improvement in takaful contribution growth and investment yield in 2021, supported by the Indonesian economy’s expected recovery, rising government support as part of the Islamic...
Islamic Arab Insurance Company’s (SALAMA) newly appointed CEO Fahim Al Shehhi talks about the company’s strengths, which have contributed to its strong standing in the UAE insurance market, and its priorities in the coming year.
Low investment returns combined with uncertainty in the political and economic environment shall put more stress on operators’ businesses, said experts at a webinar organised by the Insurance Business Group (IBG) in Dubai last month.
Nominations are open for the 8th Middle East Insurance Industry Awards (MIIA), organised by Middle East Insurance Review (MEIR), which aim to recognise and salute excellence in the MENA insurance sector, and promote greater professionalism in the...
A complete digital transformation of the insurance sector is unlikely at present, even though the COVID-19 pandemic has accelerated digitalisation in the sector.
GlobeMed, the leading healthcare benefits management group in the Middle East, published a white paper titled ‘Improving Care while Battling Costs’ detailing the importance of adopting prevention and care management programmes to drive...
Saudi Arabia: Gulf Union names new CEO UAE: DNIR welcomes new CEO UAE: OIC launches new individual life business unit UAE: QBE Re hires head of Africa UAE: Sehteq appoints managing partner