Can computer models get the better of human judgement? Jabran Noor presents an interesting case on the importance of data mining techniques in the Middle East. Big grocery chains continuously analyse sales and customer data to come up with sales trends and optimise their product mix and develop special offers....
John Barlow and Josianne El Antoury analyse drivers behind the demand for some insurance products and the regulatory environment in the GCC. The GCC has seen a significant increase in the awareness and demand for insurance on certain professional, financial and commercial lines in recent years due, principally, to the...
Can digitisation of insurance provide an answer to the GCC’s profitability problem? Jonathan Matchett explains how. Rapid growth continues to be a feature of the GCC insurance markets – the sector grew by an estimated 20 percent in 2014 (driven primarily by the Saudi market), on top of a CAGR...
The recent annual report on the insurance sector in the UAE reflects the development achieved and its substantial role in the national economy. A Premium report. The Insurance Authority recently published an annual report for the year 2014. The total investment that contributed to the national economy is to the...
Is digitisation making its way into the HR function too? Manish Mohan Misra explains how. In the last decade and particularly in the last six to seven years, the insurance sector landscape in the region has changed rapidly. The industry welcomed better regulatory frameworks, regional growth opportunities and witnessed significant...
What makes an effective regulator? The responsibilities of a regulator are an often discussed, long standing debate, writes Barry Greenberg. The job of an Insurance regulator is not easy. The regulator is called upon to make determinations that from time to time, will adversely affect the interests of a group...
Tom Bicknell and Hattie Alvis share a round-up of the bancassurance regulations in place in the GCC states. There are currently specific bancassurance regulations in place in each of the GCC states, with the exception of Kuwait. However, these are all relatively new, with the majority having been developed within...
The insurance industry is Kuwait is relatively young and untouched with respect to other GCC markets. A Premium report. Kuwait’s insurance market is a loosely regulated one, and a smaller market compared to the other GCC countries. The revenues of the insurance industry do not reflect the growth in this...
Fraud management is an important area within the business of insurance that needs continuous monitoring, writes Luis Portugal. Fraud is a deliberated action to avoid disclosing the reality, resulting in financial gain. This may include several cases: claims that didn’t exist or ones that existed but with a different scenario,...
As well as protecting businesses from failed customers, trade credit insurance can play an important role in capital raising and trade finance, affirms Leroy Almeida. All businesses want to grow and to do so all businesses need access to capital. That’s true wherever they are doing business and it’s...
