In a bid to understand the current environment for political risk and trade credit insurance, Premium spoke to Julian Macey-Dare, managing director, Structured Credit & Political Risk, Marsh. What makes the political risk line of business an attractive one in the MENA region? What are your estimates of loss ratios...
Abdulla Al Nuaimi tells Premium what factors go into play in structuring a successful digital marketing strategy for insurance companies. Does the insurance industry lags behind when it comes to digital marketing. Why is this? And what can be/is being done to change this? Many believe the insurance industry is...
A comparison of the Indian and Middle East insurance markets with former IRDAI member K. K. Srinivasan. One of the bigger markets in Asia, India has an insurance industry that is old and diversified in a way that is far more advanced than the Middle East. Which is why it...
Mark Cooper, country manager for Lloyd’s of London, that launched its corporate entity in the DIFC tells Premium that the specialist insurance and reinsurance market has been doing business in the region for many years to the tune of USD500 million. What lies in the strategic roadmap of Lloyd’s for...
Ahmed Al Mamari, director general, General Directorate of Insurance Supervision at the Capital Market Authority, Oman, believes the country has a lot to offer to its insurance industry. Ahmed Al Mamari, director general of the supervisory board of the Oman regulatory body stresses on the importance of strengthening risk management...
Ashok Kumar Roy, chairman and managing director, GIC Re tells Premium why he is positive about the Middle Eastern markets. What factors have influenced GIC Re to set up operations in the Middle East? Indian insurance industry from the very beginning has had symbiotic relations with the Middle East. Prior...
Jarmo Kotilaine, chief economist, Bahrain Economic Development Board sets his sights on the insurance industry in the country and discusses with Premium various aspects concerning its growth. Is the insurance market in Bahrain growing from strength to strength? The recent developments in the industry would seem to point to some...
Is Bahrain still the leader when it comes to understanding the business of insurance? Abdul Rahman Al-Baker, executive director of Financial Institutions Supervision, Central Bank of Bahrain, certainly seems to think so. Bahrain has been a financial service centre for the past 40 years. This track record will add value...
In the eight years of operations of Hannover Retakaful, Managing Director Mahomed Akoob has witnessed a spate of extraordinarily large losses in Bahrain, restructuring and setting of the country as a financial centre. He discusses with Premium the Bahrain (re)insurance industry. Heading parallel retakaful and conventional reinsurances to the tune...
From a company that was writing less than AED10 million, Al Wathba National Insurance Company has grown to an establishment that closes business in excess of AED420 million. Bassam Chilmeran, CEO, looks to the future. A Premium report. AWNIC has had its share of losses in the year 2000. How...
