Brokers are the best channel to spread awareness about Trade Credit Insurance, writes Bahaa Merhi. Companies and individuals alike are more concerned with insuring tangible and immediate assets, be it from their office premises, their home, car and their health for example, and insurance brokers as well, are keen to...
Gagandeep Gill reports on how the implementation of Article (27) of the Jointly Owned Property (JOP) Law has created a huge insurance opportunity as well as challenges for insurers offering this line of business. Over the years, the Dubai economy has shifted from being reliant on oil to diversify into...
Originating from a mere idea of making transportation faster and sustainable, the Hyperloop is set to revolutionise the way travel is perceived. “Stuck in traffic.” These famous words have been uttered by all at some point in time. Across the globe, traffic is the one aspect of travel that people...
There is no doubt that the global takaful industry is growing. But there is much work to be done to equip the UAE market, writes Wael Al Sharif. The takaful opportunity is extensively discussed within the global Islamic finance industry. With greater distribution, comprehensive product portfolios and an enhanced regulatory...
In the time of technological innovation, does takaful have to introduce more than technological approaches to revamp the business? Ashraf Ali explains. Innovation is the key to success; it is the way of the future and it distinguishes between a leader and a follower. Disregarding the question of authenticity of...
As a market participant, it is crucial to effectively communicate with the regulator to avoid pitfalls that arise out of misunderstandings with regard to expectations and applicable standards, explains Barry Greenberg. Anyone engaged in the UAE insurance market, whether on behalf of an insurer, claims administrator, broker, advisor, or other...
With more and more insurers going directly to consumers, what can brokers do to survive, asks Tarek Bayaa. Radical advancements in technology are having far-reaching effects on businesses across most industries. Insurance is no exception. Massive advertising budgets as well as changing trends in the industry are putting the broker’s...
Critical Illness cover is a key element of financial planning advice throughout the world, but why then do so many expatriates not have cover, questions Chris Bagnall. With the Association of British Insurers (ABI) advising that Critical Illness (CI) cover is one of the key areas of financial planning, why...
Julia Boullemier discusses the changes that new technology, smart cities and data will bring to the insurance sector in 2017. As far as tech developments go, 2016 was a busy year, as smart devices, chatbots and AI assistants were all introduced to the public. 2017 is likely to see this...
The Insurance Business Group organised a workshop on Cyber Liability Insurance. A Premium report. The Insurance Business Group recently organised a workshop on Cyber Liability Insurance in Dubai, conducted by Aisling Malone, Professional Indemnity and Cyber lead, MENA, AIG, MEA, Ltd and Amar Shah, SEO, Risk Exchange (DIFC) Limited. In...
