The Insurance Business Group held a webinar to understand expectations of a post-COVID-19 insurance market in the UAE. A Premium report. The Insurance Business Group (IBG) organised a webinar recently to focus and evaluate the challenges faced by the reinsurance industry in view of the pandemic. The webinar was titled...
Vidya Veerapandian takes a critical look at the level of innovation and transformation within the insurance industry in the UAE. The UAE’s insurance industry is going through an exciting phase of reinventing itself whilst trying to keep pace with customer expectations, onset by digitisation and the COVID-19 pandemic. Globally as...
Parametric insurance is a potential gamechanger in increasing the penetration of insurance in sync with traditional products, argues Suresh Nair. Take a few moments to consider the following. Scenario 1: Floodflash, a UK-based Lloyd’s cover holder provides specialised flood cover for properties. Sensors are supplied, for this purpose, by Floodflash...
The recent Ever Given grounding incident has shown the necessity of niche insurance products that address delay claims, writes Ayad Saab. Many in the maritime industry often tend to complain that their services to the world economy go rather unnoticed – untilsomething bad happens. Such an important unfortunate event was...
Peter Hodgins explores the growing trend of MGAs being set up and taking large share of underwriting within the (re)insurance landscape. Since its establishment in 2004 the Dubai International Financial Centre (DIFC) has established itself as a hub for reinsurance business in the Middle East, Africa and South-East Asia. It...
Geopolitics, technology, innovation, underwriting were among the themes discussed in the latest discussion organised by the General Arab Insurance Federation. A Premium report. The General Arab Insurance Federation recently held a webinar on the impact of geopolitical issues on insurance and the outlook for the regional industry. The first part...
Strong growth, single events, or accumulated losses have been the key reasons for a decline in capital buffers at some insurers in recent years. The report cites the main risk for GCC insurers as a potential return of volatility in capital markets, which could weaken credit conditions for insurers in...
As the year 2020 turns a historic corner into 2021, Amer Daya predicts the future of insurance with strategies for success. Worldwide, the insurance industry celebrated the dawn of 2020 totally unaware of what was lying in waiting for it. After all, 2019 was not a bad year with the...
Prevention with the right levels of security and education is key to avoiding a phishing attack, writes Sreedevi Jayachandran. The COVID-19 pandemic has accelerated remote working by public and private sector entities and the rapid adoption of new technologies to maintain business continuity. However, this response has increased the ‘attack...
As a sophisticated form of corporate risk finance, captives have gained much interest within the GCC, according to expert speakers in AM Best’s latest webinar. A Premium report. “Owing to tax and regulatory reasons, captives have not been very common in the region. But reinsurance market conditions, regulatory changes have...
