Magazine

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

Jun 2022

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

Market rebounds firmly following pandemic slump

MARKET PROFILE - Algeria

The insurance industry in Algeria rebounded last year after a pandemic-induced slump in 2020, achieving a 4.8% increase in total premiums to $1.04bn and is forecast to get a big boost this year following the issuance of an executive decree to drive takaful business in the country.
 

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Can parametrics unlock takaful's full potential?

TAKAFUL

Islamic InsurTech Salaam Takaful earlier this year announced the launch of a parametric-based crop takaful solution. We spoke to Mr Umair Ismail to get his thoughts on the applications of the parametric model in takaful and how it could represent...

Some markets are volatile - others stable

CELEBRATING GAIF 33

In time for GAIF, we offer a roundup of the performance of some of the most interesting markets in the region over recent months – with a look at Turkey, Bahrain, UAE, Saudi Arabia and Jordan.

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Featured Articles


All Stories

  • Magazine article aboutReversing-into-stagflation

    Reversing into stagflation

    The insurance sector in the MENA region is fast approaching an inflection point that could cause many players to wonder what their real purpose should be in the tough years to come.

Insurance

General

Celebrating GAIF 33

  • Magazine article aboutMajor-changes-in-Arab-insurance

    Major changes in Arab insurance

    The 33rd conference is the first GAIF major event in four years and after the COVID-19 crisis.

  • Future days

    This year’s GAIF conference, its 33rd, sets itself a bold agenda – reflecting the confidence with which the general insurance sector in the Arab world has emerged from the global pandemic.

  • Right time

    The future direction of the general insurance industry can be predicted by close observation of what the regulators are saying and doing in each market. We offer a round-up of savvy insights from some of the region’s leading insurance...

Market Profile

Algeria

  • Magazine article aboutRegulating-insurance-one-line-at-a-time

    Regulating insurance, one line at a time

    One of the unexpected side effects of Russia president Vladimir Putin’s invasion of Ukraine has been the renewed focus on Algeria as a potential supplier of oil and gas. The nation has seen an uptick in interest in inward investment in order...

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  • Personal lines: Huge gap, promising future

    Life and health insurance remain underdeveloped in Algeria though there is a huge potential to improve, especially with the emergence of takaful.

  • General insurance growth forecast

    The insurance market regained its growth momentum in the past year and is expected to show promising results in 2022, yet providers should do more to increase insurance awareness and develop their digitalisation processes, says Algerian Union of...

Reinsurance

  • Magazine article aboutSIRC-2022-delegate-fee-structure-unveiled

    SIRC 2022 delegate fee structure unveiled

    The delegate fee structure for 18th SIRC 2022 will be largely unchanged from the last in-person event in 2019, according to the Singapore Reinsurers’ Association.

Risk

Takaful

  • Magazine article aboutCan-parametrics-unlock-takaful-s-full-potential-

    Can parametrics unlock takaful's full potential?

    Islamic InsurTech Salaam Takaful earlier this year announced the launch of a parametric-based crop takaful solution. We spoke to Mr Umair Ismail to get his thoughts on the applications of the parametric model in takaful and how it could represent...

Diversity & Inclusion

  • Magazine article aboutTake-the-lead-to-break-the-bias

    Take the lead to break the bias

    While the insurance industry and the broader financial sector have made great efforts towards diversity and inclusion, there is still work to be done and the Continental Group’s Ms Shilpa Shetty says that women need to take it upon themselves...

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Notebook

News

MENA

Global Risk Review

  • New strategy to overcome work-related stress for insurers

    The Chartered Insurance Institute UK (CII) is offering insurance professionals help to address their stress after 65% of its members identified heavy workloads as the greatest cause of work-related pressure.

  • Cyber risks biggest threat to directors

    Cyber risks dominate the top five risks facing directors and officers, according to the latest annual survey by WTW and Clyde & Co.

  • World could face 1.5 disasters a day by 2030

    The greatest share of economic losses due to natural disasters is borne by the Asia-Pacific region and the countries in this region lose on an average 1.3% of GDP to disasters each year, according to a new report published by the United Nations.

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