A complex and lengthy settlement period is expected for the recent Malaysia Airlines mishap, according to ratings agency A.M. Best. On July 17, 2014, Malaysia Airlines Flight MH-17 crashed over the Ukraine-Russia border en route from Amsterdam to Kuala Lumpur. US intelligence reports indicate that the plane was...
John Barlow and Luke Hacker set out some issues to consider when dealing with directors and officers liability insurance. Since the global financial crisis, directors, including in the MENA region, have faced more scrutiny and regulation than ever before. D&O insurance protects directors and officers against actions by third parties...
Dr. Amar Mahmood reviews the new Saudi actuarial guidelines and the effect they will have on the industry. Insurance companies in Saudi Arabia were under much scrutiny from the rest of the industry, owing to registered losses. The 2013 results of nearly all insurance companies were dismal, with losses totalling...
Add-on insurance products are a significant differentiating factor in the otherwise level playing field of bancassurance. Sreenath Manghat makes a case in point. Behavioral economics implies that consumers do not always make decisions in the ways that companies have customarily assumed. Consumer reactions to well intentioned campaigns are not always...
Travel insurance is something many frequent flyers brush aside as an unnecessary expense, but recent events have heightened the need to assess the range of products available, notes Ramzi Ghurani. In today’s interconnected, interdependent and increasingly accessible world, international travel has become routine. Ever-expanding airline networks, competitive low-cost carriers and...
The Omani insurance industry has increased over the years to encompass double digit growth, notes Sayyid Nassir Bin Salim Al Busaidi. The Sultanate of Oman has seen an increasing amount of growth in its insurance industry in the past few years. It is now the most regulated and monitored market...
The GCC healthcare industry is undergoing much change with new initiatives being announced by the respective authorities. Alpen Capital’s report tracks a few market trends and challenges. A robust population and rising income levels bringing about sedentary lifestyles have resulted in poor health conditions for individuals in the GCC. The...
The healthcare sector in the emirate of Dubai is going through a period of change. Sandhya Divakaran speaks to various stakeholders in the industry to feel the market pulse and understand viewpoints. The medical insurance industry is seeing much activity in the past few months, especially with the authorities stressing...
Is the insurance regulatory system lacking in clarity? Peter Hodgins makes a few observations on the Insurance Law and the insurance market in the UAE. A few truisms about the insurance market in the United Arab Emirates: · The regulation of the insurance sector in the United Arab Emirates is...
Motor insurance may have seen much profitability, but now is caught between a price war that threatens margins of insurance. How does this affect the consumer? Premium finds out. The recently launched MENA Insurance Barometer by the Qatar Financial Authority stipulates that motor insurance is the second fastest growing line...
