Collaboration, innovation and technologies redefine the broker channel
AXA Gulf’s Mr Ricardo Arroyo talks about how the P&C broking channel will evolve as it adapts to the post-COVID world.
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Can we afford to pollute the ocean with antiquated vessels?
Risk Exchange (DIFC)’s Mr Aftab Hasan reviews the impacts, vulnerabilities and amendment in the light of the declaration made by insurers at COP26 under the recent Climate Change Agreement.
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How cyber insurance helps businesses
Reliance on technology and connectivity is increasing and so too are the risks of cyber attacks. Charles Taylor Adjusting’s Ms Jane Dando talks about how different types of insurance cover can help businesses.
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New regulations to fuel growth
The pandemic-induced slowdown over the past two years has impacted the life insurance industry in the UAE but things are expected to change with a rebound in economic activity and the implementation of new regulations aimed at improving consumer...
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Health insurance can do better
The health insurance landscape in the UAE is buoyant and growing well. It is also serving the majority expatriate population of the country adequately. Middle East Insurance Review spoke with InsuranceMarket.ae’s Mr Avinash Babur to take stock...
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A country on course correction
The UAE has faced a tough year, as declining rates coupled with increasing claims frequency led to an unbalanced portfolio for many insurers. However, projections are optimistic, as the economy is expected to make a recovery and the central bank...
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New reinsurer in the offering
The Arab insurance industry is working to set up a new regional reinsurer. While reinsurance capacity is sorely lacking in the region, with the departure or shuttering of several players over the last few years, setting up a new entity to fill the...
Considerations for a new reinsurer in the region
W-Safe Re launched its operations in January after four years of research and analyses of different markets and products. The reinsurer’s Messrs Ashishkumar Bhatt and Rajguru K explain more about what the MENA region can expect from the new...
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Foreign reinsurers' branches in India
Overseas reinsurers were allowed to set up their branch offices in India in 2015. Seven years after the decision, Middle East Insurance Review spoke with two industry veterans to assess the progress made so far.
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New horizons for takaful in Algeria
The introduction of takaful regulations is going to bring more investments in Algeria’s insurance industry, with several parties preparing to capitalise on this promising sector. Générale Assurance...
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Leadership's role in driving diversity and inclusion
To get workplace diversity and inclusion right, ACE Gallagher’s Ms Yolla El Khoury believes leaders need a strategy that combines their vision with the right metrics and processes to drive change in a proactive and sustained way.
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Updating practices and legacy systems to survive
From digitalising claims to updating legacy systems, speakers at the InsureTek Middle East Conference 2022 shared their experiences in adopting emerging technology and their thoughts on what the industry needs to remain competitive.
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MENA: Insurance players discuss three major challenges at Rendez-Vous de Carthage
Insurers, reinsurers and insurance industry stakeholders discussed three main challenges facing the industry at the 15th Insurance Rendez-Vous de Carthage held in early February on the island of Djerba in Tunisia.
GCC: Insurance industry predicted to grow at CAGR of 3.2% in next five years
The long-term prospects of the GCC insurance sector remain positive and digitalisation initiatives by insurers in the region are not only helping in transforming the entire value chain but also providing an opportunity to stay ahead of competition,...
GCC: Life insurance among top employment perks in 2022
About half (48%) of employers in the UAE and Saudi Arabia offer life insurance as part of a standard employment package as business confidence and hiring activity return to pre-COVID-19 levels in 2022, according to new research by recruitment...

Insurance professionals identify skills and knowledge gap
One third of insurance professionals participating in a survey feel gaining the right skills and knowledge to best serve customers is the biggest challenge they face in the year ahead.
Business risks top of the list for over one-third of business leaders
Specialist insurer Beazley’s new report ‘Spotlight on business risks’ shows that business leaders believe they are more resilient as they move into 2022 but 34% still place business risks as their top concern for the year.
Crop losses from climate crisis cost billions of dollars in insurance payouts
US farmers received more than $143.5bn in federal crop insurance payments from 1995 through 2020, with just under two-thirds paid out for crop damage from drought and excess moisture exacerbated by the climate crisis, according to US Environmental...

Bahrain: BKIC revamps cyber insurance offering
Bahrain Kuwait Insurance Company (BKIC) has announced the revamp of its cyber insurance cover which now includes first-party cover and third-party cover for financial losses due to e-crime and breach response support.
UAE: Wellx.ai partners with WHOOP to provide hyper-personalised insurance
UAE-based InsurTech firm Wellx.aiand Boston-based human performance company WHOOP have announced a partnership that will integrate physiological data into health insurance to create an enhanced wellness experience in the UAE.
UAE: Etisalat launches digital insurance services platform
Etisalat has announced the launch of Easy Insurance, the latest addition to its insurance programme offering, and a new innovative insurance platform hosting various digital insurance products.