In the fight against devastating disease, risk-sharing agreements between payers and manufacturers of costly drugs to enable access to new medication, is slowly gaining prevalence in the region, writes Husam Majaly. Healthcare costs have been increasing continuously in the last two to three decades, even at double-digit rates in some...
For the insurance industry, the traditional way of recouping claims may not be the best approach while incorporating climate related risks, cautions Suresh Nair. At the beginning of 2022, the Doomsday clock stood at 100 seconds from midnight – less than two minutes away from catastrophe for nearly all of...
Instilling trust, transparency, and technology in the insurance industry is the key, advises Neeraj Gupta. Insurance is a promise to indemnify later – a promise built on a long history of trust. In exchange for a premium, it is a pledge that the insurer takes to mitigate risk by compensating...
Experts within the insurance industry discussed digitalisation within the various parts of the value chain at the Insuretek 2022. From underwriting to claims management, the entire insurance market is undergoing a transformation. With increasing risk claims, insurance companies are taking effective measures to strengthen their foothold and provide a modest...
The growing pressure and necessity across all sectors to respond and find solutions to ESG issues has led to some reconsidering within the marine insurance industry, writes Aftab Hasan. The COVID-19 pandemic had reshaped the marine sector’s risk landscape, forcing the marine insurance industry to change the way it views...
In several crucial ways, a local approach that favours e-brokers over price comparison websites is superior to Western aggregation models, writes Jonathan Rawling. In Western Europe and North America, both the economic models and the regulatory structures that underpin an “insurance aggregator” are very different to what we see here...
In 2022, qualifications attainment has never been more essential and relevant, affirms Gaenor Jones. For many people a New Year signifies an opportunity for personal growth and development. For those working in the Insurance sector, a series of circumstances, fuelled by the pandemic, increasing regulation, and in the case of...
A digital banca platform offers customers robust functionality to raise claims, intimate insurers directly, check the progress and settle it from the comfort of their home, notes Hasheer Kottal. The life & health insurance industry has experienced a remarkable shift in the past 18 months. Digitalisation, higher awareness induced from...
Social Selling is the new trend for insurance providers, agents, and brokers, writes Dr. Robin Kiera. Look around you. Where is everyone looking at? Over the years, our lives are becoming more dependent on the internet until we have comfortably adapted to it. I bet the majority of millennials...
Regulatory initiatives, potential consolidation, telemedicine, pandemic resilience and more were discussed recently at the Panorama of GCC Health Insurance, an event organised by Informa under the AQMEN365 platform. Delivering the keynote address, Gaenor Jones, regional director MEA, The Chartered Insurance Institute, spoke about the changes impacting the insurance industry in...
