December 8, 2019

Risk Management

Risk Management
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Fire risk: A significant threat

Frequent and severe fires in the region have now caused the industry to revise underwriting guidelines and rates, writes Mohamed Alali.

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Political risk in a world of disruptions

Any business that operates in the (re)insurance industry needs to seriously consider embedding political risk assessment and monitoring and mitigation into their strategy, advises Sorana Parvelescu. Political, and even more so, geopolitical risk make for a fascinating topic of conversation. It not only dominates news headlines, but also multinational companies’...

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How prepared are we for cyber attacks?

Hackers are increasingly viewing companies in the region as vulnerable due to their lack of preparedness. Therefore companies in the MENA region are fast becoming an easy target, writes Simon Bell. With the population of the United Arab Emirates estimated at 9.1 million and with a GDP of USD402 million;...

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MENA and natural catastrophe risk

Changing market dynamics are encouraging the practice of active catastrophe risk management in the region, explain Aarti Desai, Tom Larsen and Maiclaire Bolton. The Middle East and North Africa (MENA) region is one that has historically been exposed to a broad range of natural perils including floods, cyclones and earthquakes....

ERM – A long, pragmatic journey to mature markets

When it comes to structuring a risk management process that is attuned to sustainability, while adhering to regulations, acceptance of time is a critical factor, writes Emmanuel Deschamps. We should confess it is not easy to find an insurance market where risk management was significantly developed before any regulation. Due...

Capital modelling in the Middle East

Current capital modelling in the GCC presents a mixed picture across various companies. Jabran Noor and Syed Danish Ali shed light on major themes. Capital modelling has changed from theoretical bookshelf material to a practical must-have tool for managing the ground realities of today’s uncertain economic and market conditions. Apart...

Getting the IPMI claims process right

David T. Youssef delves into the detail of the numerous factors that can influence outcomes, the increasing role of technology, repatriation and a number of other important influencers.  The global nature of international private medical insurance (IPMI) adds significant complications to the claims process. Providers have to be on top...

Trade, supply chain and infrastructure risk

Dr. Ashraf Mahate examines the various kinds of risks in international trade and finds solutions to mitigate them.  Over the last half century global trade has increased considerably surpassing the growth rates of GDP. Since 1980 global GDP has grown by 375 percent, however, international trade has increased by 750...

Does your risk surveyor scan the risk with an eagle eye?

A risk surveyor is an important cog in the risk management strategy. His report influences the capacity extended by the risk carrier, writes David Arimpur. The Survey report is an important and diagnostic document that serves many purposes. It enables the underwriter to decide whether to accept the risk or...

A diverse risk landscape

Every country in the MENA region has its own risk profile which needs to be understood well before underwriting risk management programmes, explains Hala Abinader. Energy risks have inherent hazards of fire and explosion. These are not the only perils that must be considered when reviewing the diverse risk landscape...

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