Signs and wonders
UAE listed insurers' profits decline: Insolvencies loom
Regulation: Focus on digitalisation and technology
Life insurance a tough sell for UAE population
Things are looking (mostly) good for general insurance
Reinsurance opportunities in the UAE
Boomtime for InsurTech in the UAE
A new player in DIFC
The future of insurance calling
View from India - India: Mental health and fitness to drive
Life & health
Making healthcare fit for the future
Digital health and its impact on health insurance
Reinsurance rates: Volatile markets set to challenge brokers
Brokers must act as consultants to survive
Brokers navigating a hard market
Coping with new norms
MENA an alluring ground with challenges for reinsurance brokers
Structural change to reinsurance market
Indonesia: Positive outlook for takaful despite persisting challenges
Perhaps it's time to look beyond gender
More training needed to address gender inequality
Hard work is the only route to success
A woman of substance
Becoming passionate about insurance
Progress of gender equality in the insurance industry
Tunisia: Confronting challenges of climate change
MENA: Morocco leads region in climate finance
Bahrain: Five insurers sign agreements on training actuaries
Egypt: Reputation insurance business expected to grow as digitalisation intensifies
Kuwait: Insurance Regulatory Unit sets penalties for errant insurers
Qatar: AI-driven insurance platform company establishes office
Saudi Arabia: SAMA licenses first foreign insurance branch
Saudi Arabia: Insurance industry adopts IFRS17 and IFRS9
Tunisia: Tunis Re shows strong profitability
Turkiye: Earthquakes pose another challenge to the (re)insurance industry
UAE: Bermuda-based insurer opens regional hub
UAE: Optio Group's Dubai operations fully licensed and trading
UAE: Insurers hold talks with auto workshops on reducing costs related to electric cars
Global: P&C insurers must reset relevance by plugging protection gaps
Global: Reinsurance could be turning the corner
Global: Swiss Re to split its life and non-life operations
US: Hard market gives way to changing dynamics for D&O insurers
Egypt: New rules for takaful providers seeking to convert operations to conventional insurance
Jordan: Islamic Insurance shareholders' profit reaches $3.4m in 2022
Indonesia: Long-term challenges for takaful sector amid growing market share
Qatar: QIIG reports 26% increase in net profit
UAE: Salama and Takaful Emarat cancel merger
UAE: AMAN approves exit, sale of portfolios and transformation into investment company
Top asset managers block pro-climate proposals
Trauma of extreme weather events affects our brains
'New trilemma' of challenges for renewables-sector
Mental health a major claims risk for employers
Natural disasters caused $313bn economic loss in 2022
More than a third of the Amazon rainforest degraded by human activities
Cyber security will see an important evolution in 2023
Rising risks for voluntary carbon credits users
Glacial lake floods threaten 15m people globally
C-suites expect cyber attacks targeting financial data to increase
UAE: Orient partners with Mashreq to launch guaranteed returns savings plan
UAE: Sukoon launches new health plans in partnership with Aster DM Healthcare
UAE: Dubai National Insurance offers access to Takalam's mental health platform
People on the move
INSURANCE - General
MARKET PROFILE - UAE
The UAE listed insurers’ premiums and earnings results moved in opposite directions in 2022 with the latter diving downwards due mainly to subdued investment and underwriting income in the face of persistent macro headwinds during the year.
The Middle East is seeing a surge of InsurTech firms acting as aggregators which threatens some traditional insurance brokers. Brokers will have to focus on advisory and specialised services in order to adapt to this new reality.
Many in the industry will have heard about the proclamation towards the end of last year by Zurich chief executive Mario Greco that cyber attacks could become uninsurable as their size and frequency continue to grow.
Insurance regulators in the UAE need to focus more on digitalisation and adoption of technology to make the market more inclusive and participative. Middle East Insurance Review spoke with Consilient Consultancy’s Mr Robin Ali to get a...
Insurers in the UAE will have to innovate their products if they want to improve their market position in the country. Middle East Insurance Review spoke to HDFC International Life and Re’s Mr Manoj Raman about what life insurers need to do to...
Economic insurable losses from the 6 February earthquake that rocked Turkiye and Syria are hard to estimate as the situation is evolving, however, various estimates expect these to exceed $4bn or even more. Middle East Insurance Review looks at the...
The internet of things (IoT) has gone from being the latest thing in technology to being just another part of the tech wallpaper. To find out how IoT applications in insurance are growing and developing, we caught up with the IoT insurance...
There has been a public debate in India recently over whether a person suffering from mental illness can be legally barred from driving. Middle East Insurance Review spoke with Sarthak Advocates & Solicitors’ Ms Mani Gupta about the legal...
The expected hardening of reinsurance rates may not be as universal as most might expect. We spoke to brokers to get a clearer look at what is happening, how changing economic conditions might affect rates and what brokers need to do to make sure...
In addition to the ever-growing complexity of risk, macroeconomic headwinds and other global events are making for a tough business environment for the insurance sector. GIG Gulf’s Mr Ricardo Arroyo highlights how insurers working more closely...
There are structural changes that are expected to influence the pricing and terms in the reinsurance market heavily this year and most probably in the years to come, says Tunis Re’s Mrs Lamia Ben Mahmoud.
The prospects for Indonesia’s takaful sector appear bright despite the long-term challenges it faces.
While some issues remain, bni’s Mrs Eman Mojali believes that the insurance industry in Bahrain is well on the path to achieving gender parity. In conversation with Middle East Insurance Review, she talks about how the situation has changed...
There is still much that needs to be done to address gender inequality in the Middle East insurance sector. Training and education is needed for staff to practice diversity and inclusion policies. Middle East Insurance Review spoke to AXA Assurance...
Marsh Egypt’s Ms Marwa Emmam shares her thoughts on what it takes to be a successful female leader in insurance.
Climate change and the protection gap were some of the challenges discussed during the recent Carthage Insurance & Reinsurance Rendezvous. Insurers and reinsurers will be required to assist in finding means to deal with the growing threats...
Morocco is a regional leader in establishing channels to finance climate action, according to a new report from Green For South, a Toronto-based consultancy.
The Labour Fund (Tamkeen) has signed partnership agreements with five insurance companies in Bahrain to train and employ Bahrainis in the field of actuarial sciences, to prepare them for quality careers in the insurance sector and increase the...
Specialists in the field of risk management and the insurance market expect reputation insurance business to be dynamic due to the increase in the number and size of reputation threats in the current digital age, said the Insurance Federation of...
Nearly 50 environmental and social (E&S) shareholder proposals would have won majority support in 2022 if asset managers including BlackRock, State Street and Vanguard had voted for them, according to a new analysis.
Extreme weather events induce psychological trauma which can have long-term impact on survivors’ cognitive functioning, according to a new study.
Renewables will remain the darling of the global energy transition, yet risk managers will face multiple challenges arising from a ‘new trilemma’, according to Renewable Energy Market Review 2023 published by WTW.
Orient Insurance Company (Orient), part of Al-Futtaim Group, has partnered with Mashreq, one of the leading financial institutions in the UAE, to launch Orient Educare – a new guaranteed returns savings, investment and insurance plan.
Sukoon, formerly Oman Insurance Company, in continuation of its partnership with Aster DM Healthcare, has announced the launch of two new health insurance plans designed to meet the needs of large- to mid-sized corporates as well as individuals.
Dubai National Insurance (DNI) has partnered with Takalam, a UAE-based online counselling platform for mental wellbeing, offering private and easy access for individuals to choose from a variety of mental health professionals, tools and solutions as...