UAE companies are slowly closing the gap with their conventional peers, states AM Best’s latest report. The Takaful segment’s profitability has improved significantly in recent years. AM Best’s analysis of the preliminary disclosures of the nationally-listed Takaful operators on the Abu Dhabi Securities Exchange and the Dubai Financial Market shows material...
Cigna’s latest 360o Well-Being Survey sheds light on heart health as 32 percent respondents believe heart blood pressure is not curable with lifestyle change. Heart health has emerged as a key concern according to the recently launched Cigna 360o Well-Being Survey. Now it in its third year, the survey indicates...
In it’s latest report, S&P Global Ratings has estimated that the insurance market in the Kingdom of Saudi Arabia saw further decline in 2018. After 32 of the 33 listed re/insurance companies in Saudi Arabia have published their end-2018 financial reports, S&P Global Ratings, in it’s latest report, gauges that...
Moody’s latest survey captures the insurance industry sentiment for the year with respect to regulatory landscape, consolidation, pricing and technology investment. Moody’s 2019 annual survey of 12 chief financial officers (CFOs) of leading rated insurance companies within the GCC voices concerns that relate to the industry. Ranging from a competitive...
S&P Global predicts a tougher year ahead ridden with higher operating costs and more stringent accounting standards. GCC economies have slowed over the past two years, due to fewer government-led projects resulting from lower oil prices. A modest pickup in GDP growth across the region in 2019 will not necessarily...
AM Best recently revised its outlook of the GCC insurance markets from negative to stable for a number of reasons. AM Best revised its outlook on the insurance markets of the Gulf Cooperation Council (GCC) to Stable from Negative. Key factors supporting the outlook include the following: Settling down of...
The emerging markets will remain positive in terms of growth in the global economy, with a shift of economic power to continue from West to East, according to a recent Sigma report by Swiss Re. The emerging economies are forecasted to account for 60 percent of global growth in 10...
While many of the Middle Eastern and African rated insurers are well capitalised to offset regional risks, their ERM approaches relating to governance practices need more consideration, according to AM Best’s latest report. Although suppressed oil prices have impacted the economies of countries in the Middle East and Africa region,...
Insurers looking to augment constrained technical returns will seek to increase their cash collection and deploy it in income-yielding assets, according to A.M. Best’s latest report. The old adage “cash is king” continues to hold true in modern times, particularly in the insurance industry. Insurers looking to augment constrained technical...
The Oman insurance industry has been growing from strength to strength owing to regulations and strategies that are aligned to sustainable development.
