The age of intuition based underwriting is slowly phasing out and the underwriting role is changing at an exponential rate. Sinchita Mukherjee from Premium summarizes IBM’s white paper on the integration of data into the underwriting process to meet the demands of today’s underwriting approach. There has been a shift...
Ruan van Rensburg, Director, Lux Actuaries & Consultants tells Premium how insurance companies should assess their financial health and what measures need to be followed to sustain healthy growth in a very aggressive and competitive market. Insurance company failures happen for many reasons. A study based on 640 insurance company...
The recovery of the energy sector in the GCC, a growing and increasingly wealthy population and a diversifying economy are resulting in rapid growth in the region’s insurance industry. There is great opportunity for local insurance companies, but to succeed and operate alongside established, international players, the need for clear...
The EU and the US have levied far-reaching sanctions against Iran in recent years. Regulators have learnt that targeting the marine insurance industry is an integral part of the weapons in their armoury. Patrick Murphy, Senior Associate, Clyde & Co takes Premium through a journey, depicting the fallout effects of...
It is nobody’s guess that health insurance is the fastest growing line of business in the GCC region and is expected to account for 53 percent of the overall insurance premium by 2015. Dr. Dennis Sebastian, Regional Director – Health at RGA Reinsurance Company Middle East Ltd tells Premium about...
Dr. Sven Rohte, Chief Commercial Officer at National Health Insurance Company – Daman gives a synopsis on how organisations should strike a balance between insurance values and benefits with convenience. We are already seeing sweeping changes to the health insurance sector in 2013. These changes are taking place despite...
Robin Ali, an eminent Dubai based MENA Insurance Professional tells Premium how to position and market insurance products to make them more ‘customer-centric.’ Everyone in the regional insurance business is aware of the relatively low penetration levels for insurance products. However, when broken down into corporate and retail businesses,...
Kevin Willis, Director, Standard & Poor’s, Dubai tells Premium about the various criteria which are looked at while considering a particular rating for a company. We have focused to put in signi-ficant efforts to improve understanding in the market about our ratings. Our aim is to help investors and others...
Every organisation looks to improve its risk appetite and tries its best to climb up the ladder by improving its rating. Not only that, but they also look to expand operations in potential markets which have been untapped referring to the credibility assigned to them by most rating companies....
Takamasa Makita, Legal Director, Clyde & Co and Diana Hudson, Associate, Clyde & Co share the legal aspects of cyber crime with Premium. Cyber risks take a number of different forms, ranging from the accidental loss of an employee’s blackberry or laptop containing confidential information, to a data security breach...
