Trouble brewing in commercial real estate
Qatar
Insurers see mixed results for profitability
Life insurance is in good health
Stable outlook for Qatar insurers following wider economic growth
Takaful operators must capture growth opportunities in Qatar
InsurTech developments in Qatar
General
Challenges of implementing IFRS17 in the UAE
IFRS17 implementation in Kuwait
IFRS17 implementation in Qatar
IFRS17 in Lebanon set back by economic woes
Insurers urged to prepare for the future
AIO calls for support for agriculture insurance in Africa
Great prospects for marine insurance
Life & health
Health insurance premiums rise as deferred surgeries resume
Medical insurance gets expensive in Jordan
Life insurance and Gen Z
More top-level speakers announced for SIRC 2023
Insurer evaluating potential of takaful in Singapore
Regulation to boost takaful growth in Nigeria
Future marine propulsion risks
MENA
Algeria: Proposal raised for motor insurance pricing scale
Egypt: Insurance federation looks into creating disaster insurance pool
Jordan: MEICO increases net profit in 2022
Kuwait: Kuwait Re's underwriting performance boosts operating results
Morocco: Insurance sector could invest nearly $3bn in private equity
Morocco: Online sales channel lagging in insurance market
Oman: Local talent rises in insurance sector
Saudi Arabia: Al Rajhi plans to increase issued capital
Saudi Arabia: United Cooperative to take over Saudi Enaya Cooperative
Turkiye: Disaster pool reviews proposal to double Nat CAT insurance coverage
Turkiye: Tests on traffic insurance bidding platform begin
UAE: Government clarifies which party should pay unemployment insurance premium
UAE: Lloyd's and Dubai govt to set up InsurTech enablement platform
Yemen: Insurers cover salvage of FSO Safer in mission to avert giant oil spill
MENA: Applications for Wael Khatib scholarship
MENA: Direct brokers expected to generate the most sales
Global
Uncertainty engulfs the global risk landscape
Total broking revenues grow to $151bn in 2022
More members quit NZIA
First hard market cycle in US brings return to profitability
Takaful
Morocco: Takaful covers 80% of participatory banks' lending
Qatar: Strong technical results drive Qatar Islamic Insurance Group's profits
Saudi: Al-Rajhi Takaful receives regulatory nod to increase capital
UAE: Aman gets regulatory approval to sell life insurance portfolio
UAE: Abu Dhabi National Takaful ties up with online bank
UAE: DAT looks to return to profitability in FY2023
World's largest lakes are shrinking
Gen Z and millennials switch jobs over climate concerns
Arctic summers could soon be with no sea ice
Autonomous trucks will never fully replace human drivers
Liability risk considerations in insuring AI
Electric cars are more harmful
New move on banning vague 'green' claims
Investment in clean energy to eclipse oil production
New net-zero benchmark principles
Australia: Insurers asked to 'do the right thing'
Are younger generations more tolerant of fraud?
Oman: Ahlibank and Dhofar launch motor insurance coverage
UAE: GIG Gulf adopts UAE PASS integration
UAE: HAYAH launches savings product
Regional: Munich Re launches AI underwriting solutions
People on the move
MARKET PROFILE - Qatar
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INSURANCE - Life & health
Healthcare costs and insurance premiums in the Middle East are rising with the average annual increases now returning to pre-pandemic levels. Middle East Insurance Review spoke with AFIA Insurance Brokerage Services’ Mr Avinash Babur about the...
TAKAFUL
Takaful has gained traction in Nigeria in recent years but remains small with a limited number of operators in the country. New regulatory guidelines and a focus on the non-interest capital market are expected to help boost growth of takaful in the...
Watchers of the broader global economy are becoming increasingly twitchy about the future of commercial real estate (CRE) as an investable asset class.
Qatar’s insurance market experienced a drop in revenue but an increase in profits mainly due to a large fall in service expenses. We take a look at how the biggest players in the market have performed.
Qatar’s life insurance industry has ample potential to achieve growth. Zurich International Life Middle East’s Mr Gregario Loayon outlines a roadmap to achieve this potential.
Qatar’s non-life insurance sector is expected to witness slower growth in net revenue this year, compared to 2022. Moody’s Mr Mohammed Londe tells us more.
The majority of insurers in the UAE have managed to implement IFRS17 in their financial statements this year. Badri’s Messrs Hatim Maskawala and Gautham Subramanian shares their views and insights on the progress and the challenges.
IFRS17 was issued in May 2017 and sets out the principles for recognising, measuring, presenting and disclosing insurance contracts in the financial statements of insurance companies. Al Tamimi Kuwait’s Ms Passant Mansour provides this update...
Insurers in Qatar have been making progress in adopting IFRS17. While some insurers may have the resources needed to implement the new standard, others will need to overcome data collection issues.
The agenda for the most important reinsurance event in the Asia-Pacific calendar continues to grow in stature and depth with more high-profile speakers added to the stellar cast.
Takaful has yet to gain traction in Singapore despite ambitions by the regulator to build capabilities in Islamic finance as early as 2006. A regional insurer is evaluating the potential of bringing its takaful products to the Singapore market....
Even as the shipping industry works on the use of alternative fuels for marine propulsion to meet new emission standards, the transition to alternative fuels is not going to be without its problems. Charles Taylor Marine Technical Services’ Mr...
There is an urgent need to reform the pricing of motor insurance which accounts for around 50% of the turnover of insurance companies in Algeria said Alliance Assurances CEO and chairman Hassen Khelifati.
The Insurance Federation of Egypt (IFE) has formed a committee to study the establishment of a natural disaster insurance pool in the Egyptian market, with the aim of providing insurance coverage against potential natural hazards and protecting...
Middle East Insurance Company (MEICO) has reported net profit before tax of JOD3.07m ($4.32m) for 2022, 13.1% higher than in 2021, according to a statement released by the company.
The world’s freshwater sources have been losing approximately 22 gigatonnes of freshwater annually for more than 30 years according to a new study.
A new survey conducted by the professional services firm Deloitte has revealed that more than 40% of Gen Z and millennials have changed jobs or sectors due to climate concerns or plan to do so in the future.
The Arctic could begin to have summer months with no sea ice sometime by around 2050, sooner than earlier predicted according to a new research study.
Oman-based bank Ahlibank has introduced comprehensive auto insurance coverage, in collaboration with Dhofar Insurance Company, for its customers.
GIG Gulf has integrated UAE PASS, the UAE’s digital identity platform, into its purchase mechanism.
HAYAH has launched a pioneering savings plan that provides access to wealth management expertise.