COVID-19
The crux of combating COVID-19
Tunisia
Overcoming obstacles
Yielding success
Keeping up the momentum
Outlook
Three main factors could hit GCC insurers in 2020
InsurTech
The rise and rise of online aggregators
Reinsurance
Price differentiation is overrated
Cyber
Loud and clear?
Business, interrupted
MENA
GCC: Gulf financial wealth could run out by 2034 without reforms: IMF
GCC: Growth potential supports stable outlook for region's insurance markets
GCC: Society of Actuaries US delegation visits Saudi Arabia and the UAE
Algeria: Sector expects anaemic conditions this year
Bahrain: Regulator sets out benefits in unified own-damage motor policy
Bahrain: Trust Re partners FinTech Bay
Egypt: Fund to be set up to insure state assets
Egypt: Regulatory official upbeat about prospects for sector
Jordan: Comprehensive health insurance scheme targeted to cover all citizens by 2024
Jordan: Sector maintained steady performance in 2019
Kuwait: Supreme committee to be set up for insurance supervisory unit
Kuwait Re reported 40% jump in net profit to $15m for 2019
Morocco: Govt works to reduce motor accident fatalities
Saudi Arabia: SAMA releases draft bancassurance rules
Saudi Arabia: Healthcare spending reached $40bn in 2018
Turkey: Call for masterplan to deal with uninsured fire risk
UAE: Nearly half of employees fear for their long-term health
UAE: Orient Insurance's net profit up 6% to $116m
UAE: ADNIC saw net profit jump 21% to $77m in 2019
UAE: Oman Insurance's 2019 profits of almost $52m the highest in 5 years
UAE: Authorities outline liability for medical treatment of coronavirus cases
UAE: Fidelity United swang back to profit in 2019
UAE: RFIB and Tysers complete acquisition deal
Global
Life insurers should stress test economic risk of pandemics
Insurance Europe supports IAIS work on climate-change related disclosures
Global insurance M&A at a four-year high
Takaful
Egypt: Misr Emirates Takaful to set up special department to liaise with brokers
Malaysia: Ecosystem and other factors fuel growth opportunities for takaful
Malaysia: PruBSN pledges support for Malaysian Takaful Association's national campaign
Pakistan: Pak-Qatar Takaful expands network to over 100 branches country-wide
Qatar: QIB introduces a suite of takaful products on mobile app
Saudi Arabia: Al Ahli Takaful and CHUBB Arabia agree to hold preliminary merger talks
UAE: Dar Al Takaful in exclusive talks to acquire Noor Takaful
UAE: SALAMA posts 2019 profit surge, recommends first dividend since stock listing
People on the move
COVER STORY - COVID-19
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COUNTRY PROFILE - Tunisia
The insurance sector in Tunisia has been growing over the past five years despite unfavourable economic conditions, thanks to increased cooperation among providers and enhanced regulatory development.
FEATURE - InsurTech
Ms Ambareen Musa of Souqalmal.com reviews the impact and viability of insurance aggregators in the Middle East as the UAE market sees a spike in the number of new entrants.
March has started with a big scare for the region with COVID-19 rearing its ugly head all over the region, disproving initial bravado that the Middle East with its heat will be safe.
In a world where infections know no borders, COVID-19 has been spreading in China and other countries and seriously impacting business operations around the globe. With no vaccine or cure in sight, proactive measures and a cooperative approach are...
Regulatory reforms conducted over the past two decades have been paying off with the insurance market growing notably. But the sector has much to do before it reaches its potential, says president of the General Insurance Committee (CGA) Hafedh...
Even though the region has not seen a tangible hardening of reinsurance rates, Société Tunisienne de Réassurance (Tunis Re) has managed to expand its overseas portfolio and fortify its position as a national reinsurer, says...
Intensifying competition, increasing asset risk, and more onerous and costly regulations are among the key risks that could affect GCC insurers’ earnings and credit conditions, says Mr Emir Mujkic of S&P Global Ratings.
Reinsurer-led process shifts can empower insurers to offer innovative and customer-centric products in the marketplace, says Mr Rahul Prasad of HDFC International Life and Re.
Hear all about silent cyber from Mr Justin Whelan of HFW.
Business interruption costs due to cyber events have risen sharply over the years as criminals become more sophisticated. Consequently, related claims will continue to increase as ransomware and extortion attacks become more targeted, says Mr James...
As global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans to reduce their reliance on oil and implement reforms to...
Potential premium growth following the rollout of mandatory health insurance in Oman and Bahrain, as well as short-term growth opportunities arising from the 2020 World Expo in the UAE, are key factors supporting a stable outlook for the GCC...
Society of Actuaries (SOA) president Andrew Rallis and senior director (international) Andy Peterson visited Saudi Arabia and the UAE on 7 to 12 February. The visit was coordinated by SOA ambassadors Ahmed Alqarishi (Saudi Arabia) and Shoaib Soofi...