DHA plans to develop “Certificate of Need” guidelines that will help map outinvestment opportunities in the health sector. The Dubai Health Authority (DHA) will soon be focusing on promoting need-based healthcare investments in an attempt to regulate oversupply of health services. The regulator recently held a workshop in this regard...
The Insurance Business Group gathered a few members within the industry to discuss the recent amended regulations on administrative fines. The role of an industry regulator is ever evolving, working to maintain and uphold international standards of compliance for the market participants. Many of the regulations set up by the...
S&P Global Ratings recently laid out a few expectations and opportunities for the insurance industry during a presentation. A Premium report. S&P Global Ratings gave a briefing on the insurance industry recently, highlighting growth opportunities, challenges, regulatory contributions and so on. Speaking about the benefits of the regulatory focus on...
Wayne Jones and Ben Gray review the recently issued reinsurance regulations and its impact on the insurance industry in the UAE. Until recently, regulation of reinsurance in the UAE has been relatively non-existent. The UAE industry has been free to arrange its reinsurance cover within the overall regulation of insurance in...
Suresh Nair looks at some of the human capital challenges the insurance industry must prepare for as the technological era gains momentum. Bill Gates is once reported to have famously remarked that if the top 30 executives were taken away from Microsoft it would become an ordinary company. This very...
Saif Al Jaibeji believes consolidation and investment in technology will enable innovation within the industry. About 98 percent of the health insurance companies outsource their policies to a Third Party Administrator (TPA). Among the 23 TPAs in Dubai, seven companies control the majority of the business, by about 90 percent,...
Across two power-packed days, an engaged audience of over 300 key industry leaders gathered from various markets comprising the GCC, Asia, Africa, Europe & USA, witnessed critical insights unfold at the 14th edition of the World Takaful & InsurTech Conference (WTIC 2019). Convened by Middle East Global Advisors, the World Takaful &...
Oussama Kaissi calls for uniformity in takaful regulations around the world to add maturity to the industry and give impetus to the international expansion of takaful as a principle and business model. Islamic principles of risk-sharing rule out conventional insurance, because it tends to be offered by companies for the...
M. Rajendran explains why insurance companies cannot afford to ignore the basic truth of honesty and trust while selling cover to their customers. Insurance relies on trust. The policy provider has to keep to their word and pay out when an unfortunate incident happens. Therefore the insurance provider needs to...
Are health insurance companies doomed to perish if they don’t invest in technological and transformative advancements? A Premium report. Health insurance is now in a transformative phase and it is now becoming a requirement for survival and growth in a competitive market. RGA Middle East recently conducted its fourth annual...
