Ashok Sardana takes a look at the evolving need for the Life line of business in the region and how insurers are gearing up to address it. The life insurance business in the UAE has gone through significant change in the past year. The primary reasons for this have been...
The DFSA is recommending changes to the way the insurance business is carried out in the DIFC. Michael Kortbawi, Barry Greenberg and Doumit Ishak present an overview of the proposed amendments to the DIFC Insurance Regulations. The Dubai Financial Services Authority (DFSA), which regulates all financial services within the Dubai International...
S. Chalapathi Srinivasan advocates the “No Premium – No Cover” policy, with a view on how stakeholders struggle with liquidity issues due to non-payment of premiums. An Insurance contract is based upon money for a promise. The definition of this contract says – it is a legally binding or a valid agreement...
Julia Boullemier discusses the changes that new technology, smart cities and data will bring to the insurance sector this year. Insurance has always stepped hand in hand with the rise of civilisation. From its early days as a form of protecting against famine and the loss of merchant ships, to...
Udayan Burma discusses why excess reinsurance capacity can be detrimental to the (re)insurance industry. The phenomenon of excess reinsurance capacity seems to be a favourite topic of discussion in the contemporary world of insurance and reinsurance. One hardly finds a seminar, conference or even an informal gathering of professionals associated...
A.M. Best’s recent view of cyber-security risk leaves a guideline for insurers to begin mitigation procedures. A Premium report. Prompted by several years of drastic increases in both the frequency and severity of cyber-attacks against public and private companies, A.M. Best has been heightening its focus on the many aspects of...
Ramzi A. Ghurani shares his thoughts on insurance in relation to cruises – why it’s prudent, its relevance to holidaymakers and the responsibility of the industry to raise awareness of its requirement. Over the years, the travel industry has grown from strength to strength, constantly offering new and improved travel...
The choice between digital and traditional approaches of marketing make all the difference in a business strategy. A Premium report. The insurance industry has been notorious at showing resistance to change. However, regulatory changes and global phenomena have forced the industry to wake up and take note. From traditional systems...
Amidst political reform and signs of improvement, the Egyptian insurance industry shows flexibility during a time of social turbulence. A Premium report. While Egypt undergoes turmoil from recent political and social unrest, the implications for the insurance industry remain to be seen. Perhaps, despite these challenges, the insurance industry has...
Schuyler D’Souza examines the growing importance of trade credit insurance in the Middle East. The sudden and significant impact of the global financial crisis in 2008-09 stimulated an unprecedented level of claims from credit insurance policyholders across various sectors in the Middle East, which inevitably led to abnormally high claims...
