New research from Allianz Partners shows a disconnect between awareness of mental health and willingness to use support services. A multi-market research by Allianz Partners has shown that one third of participants felt more comfortable talking about mental health over the past 12 months than ever before, while 6 in...
Some signs of economic recovery have been witnessed in the GCC markets, according to AM Best. AM Best recently held an insurance market briefing recently in Dubai, where the key trends impacting the region’s insurance industry, reinsurance sector, consolidation within the market and the regulatory environment were discussed. Speaking about...
Strong profitability and positive financial markets have led to a rebound in capital levels, up 12 percent compared with June 2020, when investments were heavily impacted by COVID-19 driven volatility, states AM Best’s latest report. Ratings agency AM Best’s recent analysis of the insurance market in the United Arab Emirates...
While the COVID-19 pandemic had a significant impact on Jordanian insurers’ 2020 earnings, there have been a few positives, according to AM Best’s latest report. The first decline in several years, Gross written premium (GWP) for the Jordanian market fell by approximately four percent in 2020 compared with 2019. The...
Islamic insurers may not sustain strong profitability if the risks related to the pandemic persist, states S&P’s latest report. Credit ratings by S&P Global Ratings on Islamic (Takaful) and conventional insurers in the Gulf Cooperative Council (GCC) have remained broadly stable over the past 18 months, supported by relatively strong...
Zurich International Life in the Middle East has predicted the future of work and social protection in context of the pandemic. A Premium report. Zurich International Life in the Middle East (Zurich) has highlighted some key insights for the future of the industry in the UAE, as part of its...
A significant danger for many cities is how climate change will multiply weather-related risks, according to research by Verisk Maplecroft. Cities like Cairo, Damascus, Istanbul, Tehran and Jeddah are likely to experience medium to high environmental risk, according to research published by Verisk Maplecroft, the ‘Environmental Risk Outlook 2021’ covers...
Moody’s expects takaful premiums to grow moderately in the next two to three years, helped by rising demand for medical insurance within GCC, African and southeast Asian countries. Takaful is set to see moderate growth with healthy prospects in the Gulf Cooperation Council (GCC) countries, Africa and southeast Asia, owing...
Heart attacks, strokes and cancer were larger risks in terms of claims figures, according to Zurich International Life in the Middle East. Citing figures from the 2021 Customer Benefits Paid Report, Zurich has stated that critical illness and life insurance claims were almost equal in the total amount paid in...
UAE residents considered financial advisers to have the fifth worst reputation, according to the third annual reputation study by Insight Discovery. Insight Discovery’s third annual reputation study that assesses the reputations of segments such as recruiters, financial advisors, telemarketers, real estate agents, credit card companies, advisers from banks and others,...
