Magazine

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

Feb 2013

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

Microinsurance - The unrealised potential

COVER STORY

Despite the vast potential for microinsurance in MENA, the opportunities remain untapped. We look at recent launches of low-premium products and presents a photo essay showcasing microinsurance in action in three MENA countries - Kuwait, Morocco, and Egypt.

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The Kingdom beckons

COUNTRY PROFILE

Bahrain's insurance industry continues to expand - albeit at a slower pace - with market saturation, political disturbances and shrinking profits all creating an impact. However, the potential in the market still draws big names looking for a...

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Takaful seeks place amid boom in Islamic finance

TAKAFUL MARKET PROFILE

Last year saw a record volume in sukuks. But while the Islamic banking and capital markets are benefitting from these developments, the takaful sector is largely missing from the party.

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All Stories

Interviews

  • Interview with Regulator - A stable regulatory hand

    Having showed substantial growth in the first nine months of 2012, Bahrain's insurance industry is poised to expand further when compulsory medical insurance is implemented. Mr Nader Al Mandeel of the Central Bank of Bahrain gives an update on...

Cover Story

  • Microinsurance - The unrealised potential

    Despite the vast potential for microinsurance in MENA, the opportunities remain untapped. We look at recent launches of low-premium products and presents a photo essay showcasing microinsurance in action in three MENA countries - Kuwait, Morocco,...

Country Profile

  • The Kingdom beckons

    Bahrain's insurance industry continues to expand - albeit at a slower pace - with market saturation, political disturbances and shrinking profits all creating an impact. However, the potential in the market still draws big names looking for a...

  • Life and healthcare: Waypoints from Bahrain

    Following the financial crisis in late 2008, medical premiums in Bahrain have continued to grow at a slower rate, while life has contracted. Mr Robert Grey of Bahrain National Life analyses these market trends and the changes that can be expected.

  • A changing pensions landscape

    With the number of people reaching retirement age in the coming decades, pension funding represents a real challenge for governments. The development of a regional private pension industry seems essential. Mr Paul Bromley of Takaud Savings and...

Special Feature

  • CEO Issues - CEOs in the hot seat

    In today's rapidly changing and riskier business environment, insurance CEOs are facing enormous challenges. We speak to members of the MENA Insurance CEO Club (MICC) to assess their responses and endeavours toward long-term sustainability.

  • CEO Issues - The nuts and bolts of compliance with best practices

    A key issue facing GCC insurance CEOs is achieving growth in a fast-changing environment and an equally fast-evolving regulatory and governance landscape in the region. Mr Adeel Mushtaq of KPMG summarises evolving regulations in the context of...

  • CEO Issues - Staying the course in 2013

    Although growth in the MENA region has been affected by political uncertainty and competition, there are some bright spots ahead. Dr Roger Sellek of A.M. Best examines the current state of the region's insurance sector and the key priorities for...

Spotlight

  • Saudi Arabia - The way to life

    Life insurance is still under-developed in Saudi Arabia but could be a solution for struggling insurers wanting to diversify their portfolios, strengthen their capital and increase their customer base. Mr Amine Mohammed Braikia of Saudi Re analyses...

  • Saudi Arabia - TPAs and health insurance: A symbiotic relationship

    Mr Christian Gregorowicz of NEXtCARE discusses the benefits and importance of third-party administrators (TPAs) in medical claims management, one of the most complex lines in the insurance industry.

Takaful Market Profile

  • Takaful seeks place amid boom in Islamic finance

    Last year saw a record volume in sukuks. But while the Islamic banking and capital markets are benefitting from these developments, the takaful sector is largely missing from the party.

  • Bahrain - Upbeat despite slower growth

    Following the overall market trend, takaful contributions grew at a slower pace last year, although this was still higher than that of conventional premiums. But market leaders remain optimistic that there is room for development.

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