The Health Insurance law passed recently aims to benefit insurance companies, service providers, TPAs and consumers alike. A Premium report. The insurance industry has jumped to the fore, with the new Health Insurance Law coming into effect. Approved recently by H.H Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and...
The GCC insurance markets have been seeing many ups and downs in the last few years. But the future looks promising. A Premium report. The Gulf Cooperation Council is still a relatively underdeveloped insurance market when compared to global ones. Currently the GCC accounts for only 0.4 percent of the...
Networking sessions, panel discussions, and knowledgeable presentations will be highlights at the fourth annual Middle East and Africa Insurance Summit. A Premium report. The insurance industry can look forward to an insightful beginning to the New Year with the upcoming fourth annual Middle East and Africa Insurance Summit, organised by...
Sam Wakerley and Luke Hacker of Holman Fenwick Willan consider issues of “good faith” under UAE law and what it means for the insurer, the assured and their agents. In a recent landmark case in the UAE Courts concerning breaches of the duty of good faith, an insurer successfully counter-claimed...
Insurance supervision in Jordan has led to a revision of the existing solvency system, in cooperation with the World Bank, explains Firas Abd-AlHadi. The world economy is ever changing, with new challenges and opportunities coming into existence every day. Owing to difficult economic conditions, many segments in the industry are...
Following closely on the agreement of the Omnibus II directive to adopt Solvency II in Europe, Marios Schizas points out that this framework could be tailored and implemented beneficially in the Middle East. Risk based or Economic Capital (EC) is the base of the new Solvency II capital framework that...
The healthcare sector is fraught with worries that cause the cost of health services to be far more expensive than it should be, hardly making it affordable for the common man. Premium delves into some topics that make healthcare take the hit. Fraud, waste, and abuse – these are the words...
The economic crisis that took place five years ago may have taken a better turn, but there are still some regional insurers that are under financial strain, owing to slow tightening of solvency requirements. James O’Shea gives insurers insight into options available for struggling players in the market. Historically, the...
Mixed reactions, unending debates and discussions were seen and carried out by insurance and reinsurance professionals at Baden-Baden. Premium presents a round-up of the event, with comments by experts. The yearly reinsurance meet held in Baden-Baden recently was a stage of much discussion and debate, with scores of insurance and...
From ICC headquarters, global cricket academy at Dubai Sports City and some of the most celebrated international cricketing tournaments held over a decade on domestic grounds, the UAE is becoming a central hub for world cricket. Premium being the official media partner of this inaugural tournament says that one industry...
