Whether in terms of revamp of markets or methods of distribution, the insurance industry is undergoing a definite modernization drive. A Premium report. The insurance industry was privy to findings of the London Matters 2017 presentation delivered by David Matcham, CEO of the International Underwriting Association (IUA). Matcham presented the...
MENA Reinsurance look for alternatives to increase their earnings, according A.M Best’s latest report. Many Middle Eastern economies are now facing challenges as a result of the low oil price environment experienced since the end of 2014, with lower revenue increasing pressure on government finances (as seen by the erosion...
Health insurers and brokers alike need to buy in to the importance of harnessing technology to improve communication with insureds and increase retention, writes Tarek Bayaa. There is little love lost between insurers and the insured—poor customer service, tedious paper-based processes, and litanies of policy information (that might as well...
Pacific Prime’s Cost of Health Insurance lists drivers of cost and focuses on the Dubai market. Pacific Prime’s Cost of Health Insurance report lists some significant drivers that influence the cost of health insurance. The report presents figures from the top 10 insurers in the industry, with a view on...
Harder to model and understand than other similar types of cover, cyber insurers need to get out of the ‘tunnel vision’ mentality while dealing with cyber insurance, advices Paul Wright. It is hard not to notice that the threat and frequency of cyber-attacks is on the increase. Deloitte Middle East...
Shivash Bhagaloo looks through his actuarial lens at the local and international market and makes some interesting observations. Changes in GCC regulation over recent years have necessitated the actuary playing a central role in reserving, pricing, solvency assessment and risk management. In meeting these changes, those insurers that are forced...
Mahesh Mistry and Yvette Essen examine the operating environment facing insurers and reinsurers in the Middle East. Insurers and reinsurers within the Middle East are facing a variety of challenges, including the impact of ongoing political and economic instability, the introduction of tax within the Gulf Cooperation Council (GCC) region...
The insurance industry in Egypt is quite resilient, being among the oldest markets in the region. A Premium report. Egypt has seen its fair share of struggles. For a country of 93.3 million in population with a GDP of USD333 billion1 and 4.3 percent growth, Egypt is still plowing ahead...
Managing fiscal situations, complying with OPEC cuts and volatile political situations are three major issues that the GCC region has to deal with during 2017, writes Raghu Mandagolathur. Governments in the GCC region have witnessed many impacting events in the past three years. Price reforms and subsidy revision which were...
Karim Nasrallah recalls current political events in the region and emphasises on the need for awareness on Trade Credit Insurance. Reading recent news reports, one could conclude that no country is safe or immune to political or economic risks that have altered the business and social fabric of society, particularly...
