Bahrain's listed insurers continue to drive industry growth
The financial results of the four listed Bahraini insurance companies showed that their overall premium growth not only outpaced that of the industry but also resulted in a higher share of market GWP in the first two quarters of 2022.
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Increased competition amid stable growth
Bahrain’s non-life insurers continue to experience steady growth in premiums but are operating in an increasingly competitive market. They also face challenges preparing for IFRS17. Middle East Insurance Review spoke to Damana’s Mr...
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Regulator places emphasis on talent and ESG
The Central Bank of Bahrain seems to be focusing more on addressing talent gaps and ESG requirements – two particularly pressing issues for the insurance sector in the kingdom. We take a look at a couple of the regulator’s biggest...
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Challenges and opportunities in Tunisian insurance
For several years, and in the image of what is happening on an international scale, the insurance sector in Tunisia has been confronted with an avalanche of multidimensional events testing the resilience and financial solidity of the actors of the...
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Treating cyber as a catastrophe
Cyber business is expected to grow threefold within the next five years owing to a rise in demand as companies become more aware of the risks. In preparation for this growth in the market, and the growth of cyber risk itself, specialist insurer...
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View from India - Challenges in designing cyber insurance
In its slew of reforms for the industry, Insurance and Regulatory Development Authority of India relaxed regulations for cyber insurance products. However, insurers still face several challenges when designing these products. Raghnall Insurance...
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What constitutes a good cyber policy
Attacks on IT systems and infrastructure are accelerating rapidly both in scale and frequency, highlighting the need for businesses to have adequate protection in these areas. Vectra AI’s Messrs Brian Neuhaus and Aaron Turner outline the...
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Mixed feelings for reinsurance renewals in the Middle East
The Middle East has yet to follow other regions to meet similar levels of reinsurance hardening amid eroding capital. Middle East Insurance Review looks at potential renewal trends this year.
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Reinsurers to see strong underwriting margins in 2023
The global industry saw reinsurers gain the upper hand during the 1/1 renewals. Property and specialty lines entered a hard market, catastrophe prices remained high and, combined with rising inflation and interest rates, will lead to an overall...
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Reinsurance business faces restructuring amid hardening market
The hardening in the reinsurance market is expected to be reflected on the whole supply chain with reinsurers seeing positive returns and direct players facing a new reality that requires them to restructure their programmes and revisit their...

The takaful employment landscape
If the takaful sector is set for growth as some are predicting, where are the jobs to be found? Middle East Insurance Review takes a look at the reality of takaful jobs growth after the pandemic.
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Middle East: GAIF forms partnership to promote platforms in Arab markets
The General Arab Insurance Federation (GAIF) and Bahrain-based Fintech Robos have entered into a partnership under which they will collaborate to promote platforms boosting financial literacy, financial inclusion, pension saving systems and...
Middle East: QIC becomes 1st insurer in the region to sign UN Principles for Sustainable Insurance
Qatar Insurance Company (QIC) has signed the UN Environment Programme-Finance Initiative’s Principles for Sustainable Insurance (UNEP-FI PSI), making it the first insurer in the Middle East to sign the global agreement.
GCC: Late rush of claims expected to be litigated ahead of March limitation period
The last flow of business interruption (BI) claims stemming from COVID-19-related lockdowns in the GCC region can be expected between the start of 2022 and the spring, according to Clyde & Co partner Wayne Jones, who is based in the global legal...

Only 20% organisations equipped to handle supply chain disruptions
Globally, organisations plan to increase their supply chain investments by 17% to transform it over the next three years, according to a new research by Capgemini.
Disasters compounded and cascaded in 2022
APAC, the world’s most disaster-prone region, experienced major disasters in 2022 with floods being the deadliest accounting for 74.4% of disaster events in the region and 88.4% of total deaths globally.
Is it curtains down on globalisation?
Consumers now attach greater importance to factors such as local production, climate protection, and fair working conditions, forcing manufacturers to act, according to a new survey by Oliver Wyman and GFU Maschinenbau GmbH.

Bahrain: Solidarity Bahrain adds new features to solar panel coverage
Solidarity Bahrain has recently introduced new features to its solar panel insurance product as part of its efforts to meet the ongoing demand for renewable and eco-friendly energy resources.
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Saudi Arabia: Al Rajhi Takaful launches extended warranty coverage product
Al Rajhi Cooperative Insurance Company (Al Rajhi Takaful) has partnered with Servify, a provider of extended care and product protection solutions, to launch of an extended warranty coverage product.
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UAE: Sukoon launches 'Health Extend'
Sukoon Insurance has launched ‘Health Extend’ – a corporate medical offering that allows employers to limit their budget while giving employees the freedom to add specific covers according to their own needs. By launching Health...
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