Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Sep 2021

Read the latest edition of AIR and MEIR as an Interactive e-book

The time is now for actuaries in MENA

ACTUARIAL

The actuarial profession has become more prominent within the local economies in the MENA region and will play a significant role in the future with evolving insurance regulations. We spoke to Nitaq’s Mr Samih Geha about the opportunities and future for actuaries in the region.
 


Biggest-ever insurance legislation changes

MARKET PROFILE - Egypt

Egypt’s Financial Regulatory Authority is working at breakneck speed to strenghten insurance regulation for a nation on the cusp of substantial growth. We spoke to Dr Mohammed Omran to find out about tech, compliance, ESG and much more.

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Structuring UAE health plans for employee satisfaction

INSURANCE - Life & health

The COVID-19 pandemic has left an irrevocable impression in how employees view mental and physical health. Now, many workers expect employers to take more responsibility for their health. Aetna International’s Ms Catherine Darroue addresses...

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Featured Articles


All Stories

MEIR 15th anniversary

15 leadership insights

  • Magazine article aboutADGM-Insurance-growth-requires-dialogue-on-potential-developments

    ADGM: Insurance growth requires dialogue on potential developments

    Generally speaking, the insurance sector in the MENA region has been ‘developing’ for a long time and many would question whether it will ever fulfil its potential. Changing market and social-economic dynamics across the region present...

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  • ADNIC: Continued evolution of general insurance

    Customers’ evolving expectations will continue to stimulate innovations in products, pricing and end-to-end delivery in the non-life insurance sector, says ADNIC’s Mr Jugal Madaan.

  • Badri: Love, actuary

    The MENA insurance industry has traditionally been quite profitable although most insurers bemoaned price competition even during periods when the average combined ratio hovered between 90% to 95%. Such performance would have been considered...

Insurance

General

  • Magazine article aboutMENA-insurance-industry-shrugs-off-pandemic-woes-for-positive-growth

    MENA insurance industry shrugs off pandemic woes for positive growth

    While COVID-19 has understandably had a significant impact on almost all businesses, the MENA insurance industry has proven resilient last year. In 2021, economic disruption from the pandemic will continue to be a risk for insurers, but there are...

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  • Turkey market grew in 2020 despite pandemic

    When envisaging where the Turkish insurance market will be in five years, it is important to consider both the environment in Turkey and broader macroeconomic trends with which its fortunes are inextricably entwined, says BMS Turkey’s Mr Kerim...

Life & health

  • Structuring UAE health plans for employee satisfaction

    The COVID-19 pandemic has left an irrevocable impression in how employees view mental and physical health. Now, many workers expect employers to take more responsibility for their health. Aetna International’s Ms Catherine Darroue addresses...

Market Profile

Egypt

  • Magazine article aboutBiggest-ever-insurance-legislation-changes

    Biggest-ever insurance legislation changes

    Egypt’s Financial Regulatory Authority is working at breakneck speed to strenghten insurance regulation for a nation on the cusp of substantial growth. We spoke to Dr Mohammed Omran to find out about tech, compliance, ESG and much more.

    Buy Now

  • Positive economic growth spills over into insurance

    Egypt’s insurance sector expanded in 2020, buoyed by the nation’s economic growth. The Insurance Federation of Egypt helped with initiatives to increase public awareness, improve market performance and support financial inclusion, says...

  • Construction builds up non-life growth

    Massive infrastructure projects to build a new administrative capital and other facilities have contributed to increased total non-life premiums. The insurance market was buoyed further by the country’s positive growth in 2020.

Takaful

  • Magazine article aboutTakaful-recovers-strongly

    Takaful recovers strongly

    Malaysia’s takaful segment showed resilience by coming back strongly in the first half of this year, recovering from the COVID-19 woes that held back growth during the same period last year.

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  • Malaysia's takaful landscape

    The development of Malaysia’s takaful market has featured in the government’s plans and, as a result, the growth of the market and the rise in adoption of Islamic finance products over the last decade have been pronounced. However, this...

Claims

View from India

  • Magazine article aboutSimplifying-the-claims-process

    Simplifying the claims process

    The insurance industry in India, despite incurring high incurred claims ratios year after year, does not seem to have gained the trust of consumers. Middle East Insurance Review spoke with Insurance Brokers Association of India’s Mr Sumit...

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Actuarial

  • Magazine article aboutThe-time-is-now-for-actuaries-in-MENA

    The time is now for actuaries in MENA

    The actuarial profession has become more prominent within the local economies in the MENA region and will play a significant role in the future with evolving insurance regulations. We spoke to Nitaq’s Mr Samih Geha about the opportunities and...

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