On a strong comeback trail: Sharjah Insurance Co
A multi-dimensional reinsurer: Trust Re
Meet the Marketmen
Technical workshop on managing construction risks and claims
Middle East Insurance Industry Awards
Celebrating excellence
Year in Review
Of resilience and regulations
Kuwait
Proper regulation is the missing link
1/1 Renewals
Over-capacity a spoilsport
Reinsurance outlook: Continuing saga of foreign dependence
Well-being in cost-effective way
A wellness programme for a slim medical bill
Distribution
Distribution disrupted
Strategic Global View
Insurance view of Nobel Economics Prize
Accounting standards
Towards a robust reporting framework
CAT Modelling
An effective quantification tool
Middle East Insurance CEO Agenda
When CEOs were challenged...
Microtakaful in Bangladesh
Policy tools that protect the poor
MENA
MENA: Region needs cross-border reinsurance to distribute risks
Middle East: Cross-border auto insurance demand to grow
Algeria: Compagnie Centrale De Réassurance to form TPA firm next year
Bahrain: Trust Re in trilateral surety bond partnership
Bahrain: Arig's 9-month profits up 21% to $4.1 mln
Egypt: Govt approves major traffic law reforms in 44 years
Egypt: Details of proposed health insurance law unveiled
Egypt: Insurers and intermediaries to form panel to study insurance market
Iran: Premiums surge 20% to $4.7 bln in 1H
Iran: Regulator plans to reduce compulsory cession ratios
Iran: New auto insurance rules peg premium to driving record
Iran: A 2nd standalone life insurer gets licence
Lebanon: Insurance business growth remains flat in 1H
Morocco: Details of national disaster insurance scheme finalised
Morocco: Proposed VAT rate hike to 20% angers intermediaries
Oman: Govt to establish fund for hit-and-run victims
Oman: National Life and General Insurance expands to Kuwait
Palestine: Insurers call for pricing review
Tunisia: Insurance law needs substantive reform
Turkey: Insurers to lose nearly $800 mln with ceiling on motor premium
UAE: Regulator to amend rules for health insurance management firms
UAE: All insurance commissions will be subject to VAT in 2018
UAE: New rules for insurance sales centres
UAE: ADGM to amend prudential regime for financial institutions
UAE: Almost all employees link being happy to productivity
UAE: International Medical Group opens office in Dubai
UAE: Insurance brokers have big role in price discovery
UAE: Drivers of fast cars may be underinsured
UAE: Listed insurers' profits surge 50% to $319 mln in 9M 2017
Many UAE residents still confuse health insurance with critical illness insurance
UAE: Lockton launches Women in Leadership initiative to boost gender parity
UAE: Half of financial advisers see growth in tough times
UAE: Orient Insurance offers new international health plans
Global
Global non-life and life premiums to grow 4% and 3% in 2018/19: Swiss Re
First-ever global climate risk insurance database launched
Brand strength will be strongest driver of M&A deals over next three years
Takaful
ICIEC inks MoU with Central Bank of Bangladesh to promote trade & invt
Malaysia: New draft on Shariah governance for Islamic FIs
Malaysia: Takaful to be in new trade credit insurance framework
Malaysia: Etiqa partners with Maxis to offer UBI plan
Nigeria: Regulator banks on takaful to increase market penetration
Oman: Takaful players expected to fight hard for health business
Pakistan: Regulator approves rules for Shariah advisors
Saudi Arabia: Regulator approves BSF's sale of 18.5% AzSF stake to Allianz Group
Saudi Arabia: Listed insurers post profits of $301 mln in Jan-Sep
Saudi Arabia: Govt urged to grant incentives for insurance M&A
Sudan: International insurers studying insurance market post-sanctions
UK: First Shariah-compliant Warranty & Indemnity insurance policy issued
People on the move
COVER STORY II - Year in Review
Buy Now
COUNTRY PROFILE - Kuwait
Kuwait offers ample opportunities and outstanding incentives for the insurance industry to grow and thrive, given the country’s wealthy economy, bold development plans and its long history in the financial industry. The regulatory environment,...
COVER STORY I - Middle East Insurance Industry Awards
Saluting the stars of the 4th Middle East Insurance Industry Awards
Sharjah Insurance Co (SICO) is undergoing a revamp which is projected to place the company among the top profitable insurers in the UAE market within the next five years, says Mr Ayman Khamis, General Manager.
Trust Re aims to be an exceptional reinsurance provider by offering clients turnkey solutions and responding to their needs, while modernising its business tools and processes, says Mr Fadi AbuNahl, Group CEO and Director.
Lloyd’s bigwigs reaffirmed its commitment to the Middle East at the “Middle East Meet the Market” event in Dubai. More companies will join Lloyd’s in the DIFC soon as it expands its footprint in the region.
The ALA Academy of UAE and the Australasian Institute of Chartered Loss Adjusters (AICLA) jointly organised a construction insurance workshop in Dubai in early October.
Year 2017 for the Middle East insurance industry will go down in history as a year of resilience, bold regulatory measures, mandatory health coverage in most GCC countries, slow adoption of technology, definite shift towards private healthcare and...
The January renewals will see rates remaining soft in MENA due to over-capacity, intense competition and low oil prices. As such, reinsurers need to improve their risk selection process, while increasingly seeking geographical diversification, says...
Mrs Yolla El Khoury of ACE Holding WLL, bringing a broker’s take, says strong growth in commercial risks, compulsory insurance and economic diversification by governments will create opportunities for reinsurers in a market dependent on...
Managed quality plans offer better value as powerful cost-saving incentives are coupled with preventive care and outcome-based measures. And within a robust regulatory system, payers, providers and regulators can collaborate to deliver the highest...
How about incorporating wellness programmes into underwriting model as a mandatory requirement to check medical inflation? Mr Ziad Kharma of GlobeMed says such an innovative model can be put to practice with the use of technology.
With evolving customer preferences and advancing technology, insurers and brokers are adapting and re-tooling themselves to capitalise on the opportunities that come with change. What pro-active steps should they take to stay relevant in an evolving...
Behavioural economics can be harnessed by regulators and insurers to “nudge” customers towards making better buying decisions, argues Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company.
Insurers treat IFRS 17 with lesser priority as the new accounting standard need to be implemented only with effect from January 2021. Mr Adil Abid of KPMG warns that it would be a grave mistake as reskilling and procedures updating are herculean...
Middle East Insurance Review’s high-profile summit Middle East Insurance CEO Agenda (MEICA) in Dubai went for the jugular and challenged the quality of insurance CEOs in the market with the theme “Are the CEOs up to the mark with the...
Although the 13.5% growth of microtakaful in Bangladesh is encouraging, more needs to be done to promote awareness and cooperation, as well as in framing regulations specific to this unique form of insurance to protect the poor, says Mr K M Mortuza...
Emerging EMEA insurance markets are at different stages of development, with some open to further market liberalisation while others are moving towards greater protectionism, noted A.M. Best in its report “The Role of Protectionism in Emerging...
Demand for the Orange card, a mandatory and uniform insurance policy for vehicles travelling from one Arab country to another, is expected to increase in the next three to five years, supported by Saudi Arabia’s decision to allow women to...
A third-party healthcare payment company will be created in 2018, allowing customers of insurers to access care and other medical services from private care institutions without paying in advance, said Mr Mohamed Seba, Director General of Central...