Magazine

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

Jul 2022

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

Long haul to becoming a reinsurance hub

REINSURANCE

Is it time that the MENA region had a reinsurance hub that it could call its own? In the last couple of years, the reinsurance sector in the region has seen some significant changes as over a dozen firms withdrew from the market or disappeared completely. We look at the prospects for the rebirth of reinsurance for the Arab world.
 

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Preparing Arab insurers for the post-COVID era

INSURANCE - General

The 33rd GAIF conference returned this year as a live in-person event. Insurance practitioners flew in from all over the world to discuss how Arab insurance can navigate the challenges that have surfaced in the post-pandemic world.

Lebanon's insurers face unfavourable environment

MARKET PROFILE - Lebanon

Lebanon’s insurance industry delivered an 8.2% increase in GWP last year amid tough business conditions. However, with no immediately viable solutions to a slew of ongoing issues, particularly the currency crisis and soaring inflation, the...

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All Stories

Insurance

General

  • Magazine article aboutPreparing-Arab-insurers-for-the-post-COVID-era

    Preparing Arab insurers for the post-COVID era

    The 33rd GAIF conference returned this year as a live in-person event. Insurance practitioners flew in from all over the world to discuss how Arab insurance can navigate the challenges that have surfaced in the post-pandemic world.

  • Not enough cyber capacity to meet demand

    Demand for cyber insurance in the MENA region is increasing as people become more aware of the risks. However, capacity is sorely lacking and this is likely to continue for the foreseeable future, with (re)insurers becoming even more cautious when...

  • View from India - Surety insurance and the regulator

    Guidelines for surety insurance business in India came into effect on 1 April 2022, however, the new line of business has not been able to take off. To kickstart the process, the regulator will work on a sample product for the industry to help build...

Market Profile

Lebanon

  • Magazine article aboutLebanon-s-insurers-face-unfavourable-environment

    Lebanon's insurers face unfavourable environment

    Lebanon’s insurance industry delivered an 8.2% increase in GWP last year amid tough business conditions. However, with no immediately viable solutions to a slew of ongoing issues, particularly the currency crisis and soaring inflation, the...

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  • Lebanese general insurers face multiple crises

    Lebanon’s financial crisis has had a profound impact on insurers in the country. Some insurers are writing premiums in US dollars to manage the unstable Lebanese pound. Insurers also face issues paying reinsurers who have become more cautious...

Reinsurance

  • Magazine article aboutSIRC-2022-open-for-registrations

    SIRC 2022 open for registrations

    As insurance and reinsurance events around the world return to ‘in person’ from ‘virtual’, the most important event in the APAC reinsurance calendar opens for bookings.

  • Long haul to becoming a reinsurance hub

    Is it time that the MENA region had a reinsurance hub that it could call its own? In the last couple of years, the reinsurance sector in the region has seen some significant changes as over a dozen firms withdrew from the market or disappeared...

Risk

  • Magazine article aboutPandemic-A-look-under-the-hood

    Pandemic: A look under the hood

    Can the world truly be prepared for a pandemic? Aside from the expected mortality and economic losses that are still fresh in everyone’s mind, what are the risk factors that could help us better predict the frequency, severity and,...

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  • Rising inflation leads to more risk

    The latest economic projections for the MENA region forecast an uneven recovery as regional averages mask broad differences. Oil producers will benefit from higher prices and vaccination rates as fragile countries lag. But tighter global monetary...

  • Fearful cyber insurers steer clear of Middle East

    Businesses in the MENA region that operate without implementing sufficient cyber security infrastructure could find themselves out of luck in finding cyber insurers willing to provide coverage. Cyber insurers have either severely reduced capacity in...

Actuarial

  • Magazine article aboutThe-need-to-develop-actuarial-talent

    The need to develop actuarial talent

    In a region with a dearth of local actuaries, preparations for IFRS17 are driving demand. We spoke to Allied Actuarial Consultancy’s Mr Ala Karrain, who believes that despite the need for more actuaries, there is not enough effort being made...

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Notebook

  • Magazine article aboutJordan-Industry-tackles-thorny-issues

    Jordan: Industry tackles thorny issues

    Jordan’s biennial Aqaba Conference took place in May after being postponed for two years due to the pandemic. Insurance practitioners gathered to discuss some of the industry’s most pressing issues.

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