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...
Brian Reilly, CEO, General Insurance, Zurich Insurance Group, spoke to Premium on various issues in the industry and strategies for 2015. Do you see an increase in the penetration in this part of the world? The penetration in the Middle East has increased, but the figures are still low...
Mahan Bolourchi, the newly appointed CEO of Euler Hermes for the GCC discusses with Premium the current landscape of the trade credit insurance in the region and the sector’s future outlook. Can you please give us an overview of the UAE economy as well as the country’s risk profile and...
Massimo Falcioni, CEO, Coface, explains how trade credit insurance has been gaining traction in the region, but still has a long way to go. What factors determine the credit worthiness of a company that approaches Coface for trade credit insurance? Every company has a buyer risk portfolio, namely a number...
Premium caught up with Ashraf Salama, chairman, Aphrodite Reinsurance Broker (ARB) in a candid conversation on trends for 2015, aviation insurance among others. Aphrodite Reinsurance Broker was established by the founders of Aphrodite Management AG in Switzerland. With a background in aviation consulting, Aphrodite has established connections with leading airlines...
Doha Abdelkhaleq, Managing Partner and Executive Director of ESKADENIA Software, explains how ingenious, regional IT solutions can achieve world class results. ESKADENIA Software was established in the year 2000 to bring products and IT solutions to the market, and introduce an alternative to globally recognized software in various fields. It...
Zuhair Atout, CEO, Apex Insurance – Jordan, voices his opinions on a very relevant issue – talent – that needs to be developed in the industry. Building a business on the right foundations is paramount to chart the right path to expansion. Zuhair Atout, CEO, Apex Insurance – Jordan, is...
Dawoud Tawfeeq, CEO, Ghazal Insurance speaks to Premium on issues concerning the Kuwait insurance industry. Can the Kuwait insurance industry be classified as ‘crowded’ leading to much competition in the market? Kuwait Insurance industry can be characterised as an oversupplied, mainly undifferentiated market causing selection issues for clients; though competition...
