Magazine

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

Mar 2007

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

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Country Profile

Country Profile - UAE Domestic Market: Primed for Reform and Growth

This article spotlights the domestic insurance market of the Emirates, which has the largest number of insurance companies in the GCC and is seeing powerful growth with premiums increasing at a robust rate of 20% a year. Forecasts are that by 2010, total premiums will have more than doubled their current level of US$2 billion.

Country Profile - Interview with Regulator: UAE - Regulatory Changes in Pipeline for Domestic Sector

In an exclusive interview with Mr Osama Noor, MiddleEast Insurance Review Journalist, Ms Fatima Mohammed Ishaq, Head of Insurance Companies Section, Ministry of Economy, talks about the impending changes on the domestic insurance horizon.

Country Profile - EIA: A Force for Change in UAE Insurance

The Emirates Insurance Association (EIA) is responsive to the needs of the domestic insurance sector in the UAE, as evidenced by the seminars, training courses and input provided to the government on insurance regulations and issues. Mr Fareed Lutfi, EIA Secretary General, tells MiddleEast Insurance Review's journalist, Mr Osama Noor, about the...

Country Profile - Al Sagr National Insurance Company: Focus on Loss Prevention

Dubai-based Al Sagr National Insurance Company (Al Sagr) believes that loss prevention is of paramount importance in the insurance business, rather than loss settlement.

Country Profile - 10-year-old Awnic Sees Annual Premiums Cross AED125m Mark

It was a Thursday - the day of the week employees leave their neckties at home and don casual wear to the office - when Mr Osama Noor, MiddleEast Insurance Review's Mena journalist, paid a call at Al Wathba National Insurance Company (Awnic). The staff, including the company's general manager, Mr Bassam Adib Chilmeran, were in informal attire - an...

Country Profile - Daman: The National Health Insurance Company

Abu Dhabi-based Daman was established in September 2005 as the first specialised health insurance company in the UAE. It was formed in response to a government decree in Abu Dhabi to make health insurance compulsory in the emirate for expatriate employees.

Country Profile - Conventional Broking: Homegrown Broker Sets Sights Beyond the Emirates

Mr Hassan Mujtaba, the self-made CEO of Al Wasl Insurance Broker Company, propels the Dubai-bred brokerage onto the international arena in a short space of four years. He tells MiddleEast Insurance Review journalist, Mr Osama Noor, what drives the company and the goals he envisions for it.

Takaful Feature

Takaful Investment - Investment Avenues For Takaful

In this article, Syarikat Takaful Malaysia outlines investment routes for Islamic insurance companies.

News

People on the move

Risk Features

Political Risk - Investment in Emerging Markets Threatened by Lack of Ongoing Political Risk Assessment - ACE

Global businesses need to adopt formal structures to assess the ongoing risks posed by political instability and unrest in emerging markets if they are to protect their growing investment in these areas, according to leading international and speciality insurer ACE Global Markets.

Political Risk - Managing Political Risk In An Uncertain World

Ms Ann Russell-Cook, Regional Underwriter - Political Risks, Australasia, Chubb Insurance Company of Australia, Sydney and Tokyo, outlines some of the political risks a company might confront, and provides a brief overview of some of the main areas of coverage available under common-form political risk policies.

Special Feature

Achieving Alignment - Building Capability: Back To The Core

Mr Gordon Perchthold discusses the highly neglected and underdeveloped area of insurance operations - the core of the business.

Takaful Market Profile

Global Takaful - Takaful Around the Globe

In conjunction with the 2nd Asian Conference on Takaful set for this month, MiddleEast Insurance Review presents a map of takaful companies around the world. The chart shows that there are over 100 Islamic insurers and reinsurers in more than 20 countries. The list, however, is not exhaustive because in the current vibrant growth of the takaful...

Takaful Market - UAE: Three's Company

The UAE takaful market is the oldest in the GCC region, stretching back nearly 30 years. This article spotlights the takaful sector in the fast-booming country, in which three direct players serve the market.

Takaful Market - Salama: World Takaful Pioneer Eyes International Business

Salama Islamic Arab Insurance Company - Salama means safety in Arabic - is regarded as a pioneer in Islamic insurance. Established in Dubai in 1979, it is one of the two earliest takaful companies to be established in the world.

Takaful Market - Aman: Going Places

Dubai Islamic Insurance and Reinsurance Company is better known by its shorter name, Aman, which means peace or safety. The takaful company, though young, has much to be proud of.

Takaful - Investment - Structured Products: Hitting the Right Formula

Global Islamic financial assets have been increasing at around 15% annually in recent years and are estimated at between US$300 billion and US$500 billion. Yet, market comment is that there is a limited range of Islamic financial products for investors, including takaful operators, to park their money in. This article looks at structured products...

Market Update

Workmen's Compensation - Economic Incentives: Impact on Workers' Compensation Systems

Governments of many countries are currently considering reforming methods of financing the risk of occupational accidents and diseases. They are seeking new solutions in which private insurers can play a part. In this regard, global reinsurer Munich Re views economic incentives as a vital success factor in managing workers' compensation systems....

Claims Management - How Do Your Clients Determine Their Insurance Values?

Mr Graham Copland, a Chartered Mechanical Engineer and Director of John Foord (Asia), discusses the importance of correctly valuing industrial assets for insurance. He also outlines the benefits of appointing valuation experts from outside the client's organisation in order to help understand the replacement scenarios that are often beyond a...

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