Magazine

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

Jan 2023

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

Listed insurers see sustained rebound in profits

MARKET PROFILE - Jordan

The profits and GWP of Jordan’s 19 listed insurers have grown steadily in double digits in the first nine months of 2022. In particular, their aggregate earnings achieved a relatively strong rebound, after witnessing a 50% contraction in 2021.
 

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Aviation insurance in the Middle East

INSURANCE - General

With air traffic in the region continuing to gather pace post-pandemic, attention has turned to attritional losses and rising claims costs, says McLarens Aviation’s Mr David Hitchen.

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Takaful M&A boosted by growth prospects

TAKAFUL

The GCC takaful industry recorded a surge in M&A activity last year. S&P Global Ratings’ Mr Emir Mujkic expects the momentum to continue as ongoing pressure on earnings, intense competition and higher capital requirements will result...


All Stories

  • Magazine article aboutAll-the-time-in-the-world

    All the time in the world

    Readers with long memories will remember when the working week across a significant amount of the Middle East was six days.

Market Profile

Jordan

  • Magazine article aboutListed-insurers-see-sustained-rebound-in-profits

    Listed insurers see sustained rebound in profits

    The profits and GWP of Jordan’s 19 listed insurers have grown steadily in double digits in the first nine months of 2022. In particular, their aggregate earnings achieved a relatively strong rebound, after witnessing a 50% contraction in 2021.

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  • No shortage of capacity for developing market

    Jordan’s (re)insurance industry, while still performing relatively well and not lacking capacity, faces a few tough challenges. The country’s ongoing development, however, means that there is reason for positivity. We spoke to Hannover...

  • New regulator, new Jordan insurance law

    The pandemic hit Jordan’s insurance sector hard. There is great hope that the new regulator and the new insurance law will spell a new phase of growth and profitability for a sector that has been beset by myriad problems over recent years.

Market spotlight

Yemen

Insurance

General

  • Magazine article aboutAviation-insurance-in-the-Middle-East

    Aviation insurance in the Middle East

    With air traffic in the region continuing to gather pace post-pandemic, attention has turned to attritional losses and rising claims costs, says McLarens Aviation’s Mr David Hitchen.

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  • Aviation risk: Managing post-COVID challenges

    The post-pandemic pick-up in travel that has come after more than two years of low activity has introduced myriad new risks for airlines to deal with. United Insurance Brokers’ Mr Osama AlTajer discusses these risks and looks at how they can...

  • View from India - Economic rebound bodes well for non-life

    The Indian non-life insurance industry reported 15.34% growth in the first six months of the financial year 2022-2023, with gross premium underwritten rising to INR12.5tn ($15.2bn) from INR10.85tn in the same period of last year.

Reinsurance

Takaful

  • Magazine article aboutTakaful-M-A-boosted-by-growth-prospects

    Takaful M&A boosted by growth prospects

    The GCC takaful industry recorded a surge in M&A activity last year. S&P Global Ratings’ Mr Emir Mujkic expects the momentum to continue as ongoing pressure on earnings, intense competition and higher capital requirements will result...

  • ESG for takaful and insurance in Pakistan

    ESG standards and their implementation are having an impact on all sectors of society. In a developing country like Pakistan, sustainability is a compulsion for organisations to make it a part of their purpose. However, this is not true in most...

InsurTech

  • Magazine article aboutView-from-India-India-s-InsurTech-moment-has-arrived

    View from India - India's InsurTech moment has arrived

    India is today one of the most sought after InsurTech destinations, both for early-stage start-ups as well as for unicorns. The market, with 142 InsurTechs, is expected to see major activity in 2023 with favourable regulations, rising demand from...

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MEIR 2022 Recap and 2023 Preview

  • Magazine article aboutHow-will-the-war-for-talent-play-out-

    How will the war for talent play out?

    Possibly the most frequently brought up issue for the MENA insurance industry in the last year was the ability of the sector to attract and retain talent, particularly local ones, and with good reason.

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  • Can insurance catch up as cyber risk surges?

    Cyber risk is another rapidly growing area of concern. According to Swiss Re Institute’s (SRI) cyber insurance report published in November last year, annual global cyber losses are estimated to be around $945bn.

News

MENA

Global Risk Review

Product Bites

Diary

People on the move

  • People on the move

    Egypt: IUMI names Egypt’s representative Kuwait: Kuwait Re hires manager property Saudi Arabia: Gulf General appoints new CEO Saudi Arabia: Amana announces changes in top management UAE: GIG Gulf...