Misr Insurance Company, Egypt's biggest general insurer, will assume the management of a non-life reinsurance pool affiliated to the Federation of Afro-Asian Insurance and Reinsurance (FAIR).
By default, AI is important to insurance - if only because peer pressure will make it so, according to Mr Mohammad Abandah, chief legal and compliance counsel, Middle East, Aon.
Whether the hardening currently taking place in the reinsurance market is a temporary phenomenon or whether this trend will continue in light of new developments and challenges is a question dominating the 28th FAIR Conference which was officially opened yesterday. The theme of the conference is "Will the hardening of the reinsurance markets last?"
Nineteen winners have been honoured as the Middle East Insurance Industry Awards (MIIA) celebrated its 10th anniversary on 16 November 2023 at Conrad Dubai, United Arab Emirates. The MIIA was launched in 2014 and has earned a reputation for a stringent judging process among peers in the industry. In the past 10 years, some 150 winners have had the honour to walk the red carpet to take the trophy.
GlobeMed Group, provider of healthcare benefits services, and the Beirut-based Higher Institute of Public Health (ISSP) at Saint Joseph University have announced the launch of two tailored diploma programmes in Clinical Coding and Health Information Analysis for 2023.
Kuwait-headquartered Gulf Insurance Group (GIG) has a very strong consolidated balance sheet, as well as strong operating performance, neutral business profile and appropriate enterprise risk management, says AM Best.
More than half (55%) of respondents to a regional survey on selecting a reinsurance broker for treaty placements say that know-how and the ability to advise the insurer about reinsurance structures are their top two criteria in making their choice.
For the fifth consecutive year, GlobeMed claims the top spot in the latest TPA companies ranking in the MENA region, published in the October edition of the prestigious Al Bayan Magazine.
Health insurance business in Oman has grown notably in the past years to become today the largest line of business in the market. The development which is taking place in the health insurance sector has many positive effects on the health sector and the economy, said speakers at the opening of the 14th Healthcare Insurance Conference in Muscat yesterday.