Takaful operators with strong business profiles and track records of good operating performance would find more opportunities in the market to provide financial protection, according to A.M. Best’s latest report. With the exception of Saudi Arabia (where all insurers operate under the unified co-operative insurance model, which is distinctly different...
Lira depreciation is bad news for Turkish trade partners, according to Atradius’ latest economic research report. Turkey has been in the spotlight frequently over the past couple of years. The rapid succession of developments started with the failed coup attempt in July 2016, which led to a drop in economic...
In a digitally-connected world, insurance may come to play more of a risk ‘avoidance’ role, rather than solely indemnifying losses. This may ultimately require a more radical reconfiguration of engineering insurers’ business models. Swiss Re’s latest Sigma study explores the outlook for engineering insurance. A Premium report. Engineering insurance plays...
After the bumper increase in net earnings in 2016 in the insurance industry of Saudi Arabia, S&P finds that companies have seen a decline in profits this year. A Premium report. With all listed insurers in Saudi Arabia having published their preliminary year-end 2017 financial reports, S&P Global Ratings calculates...
Social protection for low-income groups is an attractive segment for the life insurance industry. It is yet untapped due to lack of knowledge and access to coverage, according to a Democrance report. Low-income migrant workers in the UAE view life insurance as a most vital type of social protection, and...
CFO’s outlook to the challenges, opportunities and threat for the following year, surveyed by Moody’s. A Premium report. Moody’s 2018 survey of 12 CFOs from the region’s leading insurers have discussed challenges, threats and opportunities in the insurance industry. The survey results have stated that profitability ceases to be a...
Insurers will need to use their resources more efficiently and consequently adjust their investment exposures, underwriting policies, and internal controls to stay stable in 2018, states S&P. Despite ongoing regulatory and competitive challenges in the insurance sector in the Gulf Cooperation Council (GCC) countries, S&P Global Ratings (S&P) anticipates that...
Insurers with more robust balance sheets, rationalised dividend policies, preferential access to business and geographic expansion are in a better position to withstand current operating pressures, states A.M. Best in its latest report. A.M. Best has a negative outlook on the insurance markets of the Gulf Cooperation Council (GCC). Insurers...
The MENA (re)insurance environment is still attractive in spite of challenging operating conditions, according to A.M. Best’s latest report. Against the backdrop of ongoing geopolitical tensions in the Middle East and North Africa (MENA), political, financial, and economic risks for (re)insurers operating in the region remain elevated. This situation is exacerbated by...
What are the main risks for the world at the moment? The Global Risks Report 2018 publishes some perceptions based on their annual survey. A Premium report. Caution, resilience and added emphasis on risk management and foresight are the watchwords of The Global Risks Report 2018 published by the World...
