The departments of Communication Technologies, Education, Civil Service and Social Affairs, together with World Bank representatives launched the Govtech digital transformation project for citizen-oriented public services recently. The World Bank...

Insurance companies in Egypt will be required to allocate reserves equivalent to one percent of their assets and net profits after taxes for fiscal year 2019/2020. Financial Regulatory Authority chairman...

Matthew Burnard analyses key trends in the region and their impact on the insurance industry. Current political developments such as the US-Iran...

Simon Peter D. Isgar examines recent legal developments in Business Interruption Insurance and notes coverage issues and wider implications, perhaps, for the...

Cyber liability emanating from network security breach ranks among the top two business risks in the world, writes Sagar Sanyal. The multidimensional facets of a single successful cyber attack have...

Research by Bain & Co. indicates that executives at many companies overestimate the effectiveness of their cybersecurity and lack the strategic capabilities essential for a robust posture, according Gregory Garnier...

Premium speaks to Umair Nizami, Group CEO, NAS and Neuron, on the recent amalgamation in shareholder ownership between the two third party administrators (TPAs). The UAE insurance industry and the wider GCC region in turn, is a hotbed of consolidation activity. Over the years many entities have been acquired or...

Is the reinsurance environment in for a bumpy ride this year? Benjamin Serra discusses an outlook for the year. Recent happenings have caused the industry to take stock of the reinsurance environment. Premium spoke to Benjamin Serra, senior vice president, Financial Institutions Group, Moody’s Investors Service. Do competitive and regulatory...

A couple whose wedding was shelved by their venue partner due to the pandemic and resulting social distancing norms were asked to pay for 80 percent of the cancellation charge. To top it off, their...

A restaurant and theater company were closed during the pandemic and thought they were covered in the face of such losses. The policy specifically mentioned ‘pandemic event’ and they were supposed to reimburse the insured’s...

A dam failure and subsequent breach caused gallons of water to pour into homes along the adjoining lake. The water caused damage to interiors, and left inches of mud inside homes. Property owners unfortunately have...

A government official has apologized to a man with the same name as a celebrity. He was accused of fraudulently applying for unemployment benefits and the official even accused him in his speeches. However, it...