Reversing into stagflation
General
Opportunities in energy, tech, entertainment and construction
Defining a strategy for carbon neutrality
Impact of price inflation on construction materials and labour
Marine insurance: An end to pessimism
Life & health
The perfect digital storm (and beware dinosaurs)
View from India - Life insurers can enable 'insurance for all Indians'
Major changes in Arab insurance
Future days
Right time
Takaful in Algeria
Some markets are volatile - others stable
'Stagflation' making a comeback
Algeria
Regulating insurance, one line at a time
Personal lines: Huge gap, promising future
General insurance growth forecast
Improving the timid growth of Nat CAT coverage
Market rebounds firmly following pandemic slump
SIRC 2022 delegate fee structure unveiled
What does climate change mean for the Middle East insurance sector?
Transition to net zero: Risks and opportunities for insurers
Can parametrics unlock takaful's full potential?
Take the lead to break the bias
Leveraging data and tech to modernise insurance
Five business challenges SaaS resolves for insurance firms
MENA
9th Middle East Insurance Industry Awards now open for nominations
GCC: QIC aims to grow bigger through likely merger of its Omani subsidiary with local insurer
Egypt: Financial regulator urges insurers to take sustainability into account in their investments
Egypt: High inflation prompts insurance clients to revalue assets
Jordan: Insurance sector affected on multiple fronts by COVID-19 pandemic
Kuwait: DHAMAN and GlobeMed Kuwait sign a collaboration agreement
Qatar: Compulsory health insurance law is in effect
Turkey: Insurance association to implement Vision 2024 project to increase penetration
UAE: DNIR signs exclusive partnership with cycling federation
Global
Global: Dealing with long-term inflation risks
Global: Cyber premiums reach almost $9bn in 2021
Google poses the greatest threat to UK insurers
Takaful
Bahrain: Takaful International net profit up by 10%
Egypt: New regulations for surplus distribution
Morocco: Supreme Council of Ulemas approves seven types of takaful contracts
Qatar: Surplus-generating ability sustains takaful model
Saudi Arabia: Al Rajhi Takaful net profit reaches $11m in 1Q
New strategy to overcome work-related stress for insurers
Cyber risks biggest threat to directors
World could face 1.5 disasters a day by 2030
Google poses threat for home insurers
Climate change increases cross-species viral transmission risk
Fraud attempts decreased by 22% from 1Q2021 to 1Q2022
Australia: One in 25 homes could be uninsurable by 2030
Impact of climate change on offshore energy and shipping industry
Competition for sea, space and soil will exacerbate future geopolitical risk
Bahrain: Bahrain National Insurance partners with National Bank of Bahrain
Saudi Arabia: Kingdom launches camel transport insurance policy
UAE: SALAMA partners with ADRO to provide digital takaful healthcare services
People on the move
MARKET PROFILE - Algeria
Buy Now
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...
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.
NOTEBOOK
The last few years have seen SaaS grow in popularity within the insurance industry. Azentio Software’s Mr Vipul Sud highlights five challenges it helps insurers address.
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.
The current unstable macroeconomic environment could be a challenge for many global financial services firms – in part because it makes forecasting and budgeting much harder. To glean some insights into how a global insurer is tackling these...
The transition to carbon neutrality is expected be a slow process for economies in the MENA region and requires significant investment. The region is also heavily dependent on fossil fuels and carbon-emitting industries. Middle East Insurance Review...
With demand for construction materials and labour surging, insurers need to be alive to the effects that price inflation will have on claims and risk valuation, says Charles Taylor Adjusting’s Mr Niall Metcalfe.
The 33rd conference is the first GAIF major event in four years and after the COVID-19 crisis.
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.
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...
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...
Life and health insurance remain underdeveloped in Algeria though there is a huge potential to improve, especially with the emergence of takaful.
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...
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.
While the insurance industry in the Middle East has taken significant steps to work towards global net-zero targets, much more can still be done. Global Green Growth Institute’s Mr Chiden Balmes and Ms Winnie Wong highlight some crucial areas...
With urgent action required to combat climate change, several markets in the Middle East have committed to making the transition to net-zero emissions. Swiss Re Institute’s Dr Mahesh Puttaiah and Mr Jonathan Anchen talk about some of the...
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...
During the 2022 New Technologies & Data Conference, the focus was on using technology to create better value in health insurance and reach more people,including traditionally underserved segments.
Nominations are now open for the 9th Middle East Insurance Industry Awards (MIIA), organised by Middle East Insurance Review (MEIR), which aims to recognise excellence in the MENA insurance sector and promote greater professionalism in the market.
Doha-based Qatar Insurance Company Group (QIC) is studying the feasibility of merging with Omani insurer Vision Insurance through its majority owned subsidiary, Oman Qatar Insurance Company (OQIC).
Insurance companies operating in the Egyptian market are urged to take sustainability into account in their investment decisions, said Financial Regulatory Authority (FRA) chairman Mohamed Omran.
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 dominate the top five risks facing directors and officers, according to the latest annual survey by WTW and Clyde & Co.
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.
Bahrain National Insurance (bni) haspartnered with the National Bank of Bahrain (NBB) to offer exclusive discounted premium rates on motor and electric vehicle insurance as part of the bank’s auto finance product.
The Saudi Camel Club has launched an insurance policy covering the transportation of camels inside the country.
Islamic Arab Insurance Company (SALAMA) has announced a partnership agreement with the Abu Dhabi Residents Office (ADRO) to provide a comprehensive range of quality health insurance services to Abu Dhabi Golden Visa holders.