Trade credit insurers have weathered the COVID-19 pandemic much better than expected, helped by unprecedented government support for the economy, according to AM Best’s latest report. Being cyclical in nature, trade credit insurance has a strong correlation between economic crises and increases in insolvency rates and trade credit losses. Therefore,...
Swiss Re’s 2021 Sonar report identifies new emerging risks that have risen from the many actions taken to mitigate the pandemic. As the COVID-19 crisis continues to gain prominence in the lives of numerous people across the world, Swiss Re’s SONAR 2021: New Emerging Risks Insights has identified the various threats that will...
The third round of the SPI contest has been announced by the chairman of Insurance Federation of Egypt and president of the organising committee of IFE 3rd Sharm Rendezvous and FAIR 27th Conference Alaa El Zoheiry and the secretary general of the Federation of Afro-Asian Insurers and Reinsurers Dr. Adel Mounir. This...
The public and private sectors, including insurers as providers of risk transfer capacity, risk knowledge and long-term investment, can facilitate transition to a low-carbon economy, according to Swiss Re’s latest report. Many emerging markets have most to gain if the world is able to rein in temperature gains. For example,...
Insurers and brokers who anticipate and plan for change can shape their own future, writes Ramzi Ghurani. What a difference a year can make. The COVID-19 pandemic and the resulting economic fallout have radically shifted personal and professional needs, expectations, and habits. In the wake and disruptions caused by the...
AM Best looks at unique challenges and opportunities for innovation in the regional insurance industry in a pandemic environment. While the pandemic is still prevalent in the world, insurers have been hastening their innovation initiatives to operate successfully in the new working environment. According to AM Best, underlying principles of...
Roger Phillips examines the draft of the new insurance regulations passed in Kuwait. The insurance market in Kuwait has seen a continuing increase in the numbers of licensed participants. Although a small number of insurers dominate the market, there are many smaller companies competing with each other on price which...
In the face of new regulations, a pandemic, and the influx of technological push by insurers, how is the aggregator surviving? Sandhya Divakaran speaks to a few players in the market. In April 2021, the region marked one year after the lockdown and the extenuating circumstances that made it difficult...
Premium growth and earnings of insurers will be under more pressure in 2021 than in 2020, due to high competition and ongoing stress albeit being stable, observes Emir Mujkic. The COVID-19 pandemic dominated the headlines in 2020 and will continue to do so during most of 2021 but the rollout...
Strategic Functions Forward, discussed risk and culture in the context of a pandemic, while deliberating on best practices and solutions. A Premium report. “The biggest challenge nowadays is transformation. Most of the businesses are threatened by external forces to do something to transform themselves to be sustainable and survive long...
