Gaenor Jones highlights some of the key issues and emerging trends affecting the insurance sector, and how advisers can stay abreast of these. Advisors need to be continually responsive and adaptable in understanding and addressing emerging trends and new business realities as 2023 unfolds. Those who possess internationally recognised qualifications...
The prospect of growing the M&A trend fuelled by competition and higher capital requirements can lead to consolidation, writes Fareed Lutfi. Merger and acquisition (M&A) activity is becoming an increasing feature in GCC insurance markets. The insurance market is made up of large players and a number of regional and...
Insurance will fill exposure gaps in the UAE Labour Market, writes Simon Isgar. The United Arab Emirates’ new unemployment insurance scheme came into force on 1 January 2023, providing an income protection for expatriate residents and citizens should their employment be terminated subject to satisfying the insurance coverage provisions under the...
Thrown into the world of artificial intelligence, blockchain and more, the insurance industry has fast-forwarded into a rapid pace of modernisation, writes Manoj Kumar. With the rapid digitisation of industries and markets across the world, companies are left with a choice between joining what some are calling the ‘fourth industrial...
Syed Danish Ali examines marketing and business model strategy themes for life insurance organisations. Since the 1970s and onwards, the default practice of insurers in developing countries is to duplicate insurance products from developed countries and hope that insurance penetration takes up over time in their developing countries. However, as...
Husain Feroz Ali takes a detailed, actuarial view of the UAE insurance market. As the year 2022 comes to a close, it’s time to take a look at the performance of the insurance market in the United Arab Emirates (UAE). The country has a diverse and rapidly growing economy and...
Neeraj Gupta believes the year 2023 will see the revolutionisation of the insurance industry. As the world moved back to the new normal, 2022 also saw insurance demand normalising post the pandemic years. While the hybrid working model seemed like the new normal for a lot of employees in the...
Better management of claims can potentially reduce insurers’ costs in the region, write Andreas Buelow and Jose Gonzalez. Insurance companies are facing an evolving challenge. Claims management is growing increasingly complex, making it hard to identify the opportunities and define the solutions that are vital to future success in a...
Suresh Nair looks at the rapidly evolving cyber threat landscape. Warren Buffet, CEO of Berkshire Hathaway termed cyberattacks as the number one emerging threat to humanity and equated it with nuclear, biological and chemical hazards. It is estimated that global losses due to cyberattacks have gone up from USD3 trillion...
S&P Global Ratings expects intense competition and claims frequency rise will dampen takaful operators, however sees the silver lining ahead. A Premium report. International ratings agency S&P Global Ratings expects improving economic sentiment, ongoing infrastructure spending, new mandatory coverage, and overall higher insurance demand will benefit the Gulf Cooperation Council...
