Moody’s 2023 outlook for sovereign creditworthiness is negative as inflation, high interest rates broadly raise credit risks. Moody’s outlook for sovereign creditworthiness in 2023 in North Africa and Levant is negative overall. Owing to still high and volatile prices for fuel and food policy trade-offs will be difficult given much...
New digital demands are also emphasising the need to make foundational enhancements, according to a recent survey by Gartner Inc. The year 2023 will see insurance companies improving upon their customer experience and operational excellence according to Gartner Inc’s latest survey of insurance CIOs and technology executives. The results are...
The Global Risks Report 2023 presents the results of the latest Global Risks Perception Survey (GRPS). The eighteenth edition of the Global Risks Report by the World Economic Forum in partnership with Marsh McLennan and Zurich Group takes a critical look at returning risks and new ones arising from it.Set...
Deloitte’s 2023 Insurance Outlook states that insurers should aim to be agile, innovative and customer-centric, building on technology investment. A Premium report. The transition from a historically paper-driven, customer-facing process to a virtual, technology-driven one has not been seamless for insurance. The industry has had its share of ups and...
S&P Global Ratings’ recently held 12th Annual Islamic Finance Conference 2022 discussed the considerations for positive growth of the takaful sector. A Premium report. Overall, from a global standpoint, it is expected that the takaful and fund sectors will expand this year. The takaful sector is expanding globally at an...
Financial advisers and gatekeepers in the Middle East have increasingly invested in their businesses over the past 12 months in response to volatile markets, more demanding clients and the regulatory burden, according to the findings of the 2022 Middle East Investment Panorama. The 2022 edition of the Middle East Investment...
The United Arab Emirates (UAE) has the highest adoption rates for virtual healthcare according to the findings of the Cigna 360° Global Well-Being Survey 2022. The eighth annual 360° Global Well-Being Survey 2022 was conducted by Cigna in April and May 2022, covering 11,922 respondents aged 18-65 years across key...
The greatest risks to most insurers are associated with concentration, investment, and regulatory or economic risks, according to AM Best. Insurance markets in the Middle East and North Africa (MENA) region have seen challenges arising out of the pandemic and its resulting global economic slowdown and the situation surrounding low...
While the world sees high inflation rates and slower global economic growth, how is the insurance sector set to fare? Swiss Re’s latest sigma report takes a global view. The world economy is undergoing paradigm shifts that will have profound long-term policy implications. Global economic growth is set to slow...
The Geneva Association’s latest analysis on ransomware shares significant insights for the insurance industry. A Premium report. During the pre-pandemic and more in the midst of the crisis, there was a slew of ransomware extortion across the world. Taking into consideration this rampant risk, the Geneva Association brought forth a...
