The distribution network is picked by several top insurance executives as the most important driver that their companies rely on to grow their business in the next two years.
The capacity of financial institutions to deal with climate risk is greater today than it was a few years ago as climate and sustainability have become a core part of many organisations' decision-making and work processes.
The General Arab Insurance Federation (GAIF) has announced plans to establish an association of Arab actuaries, in line with the objectives of the federation to be supportive of the development and integration of the Arab insurance industry.
The long-term effects of COVID-19 and shifting workplace needs are driving change in healthcare plans, from increased claims costs as a result of delayed diagnoses, to insurers' digital innovation and inclusivity criteria, says Mercer Marsh Benefits (MMB).
The Middle East and Africa (MEA) region saw an increase of over 40% in the annual total of M&A deals in 2022, albeit from a low base, primarily driven by a busy first half, says Clyde & Co.
Middle Eastern insurers' company profiles are heavily influenced by the regional industry profile and operating environment (IPOE) ranges, says Fitch Ratings.
Insurance companies expect that the series of earthquakes that hit the Middle East region on 6 February and resulted in massive losses in lives and property will lead to an increase in coverage rates against natural disasters.
Two-thirds of GCC respondents to a survey on the state of health of employees reported symptoms of poor mental health and well-being, or had a mental-health condition diagnosis, according to the global management consultancy McKinsey & Company.
Gallagher yesterday announced it is launching energy and power risk services for clients in the Middle East.
The Middle East market saw a mixture of healthy and poor performers, the latter mostly being driven by risk loss activity, an imbalance that is a concern for reinsurers, says Gallagher Re in its January 2023 "1st View Market Report" released on 1 January.