Insurers in the MENA region need to consider a new co-opetition business model to incorporate the volatility of weather changes, write Tom Larsen and Maiclaire Bolton. The Middle East and North Africa (MENA) region has been recognised as a leader in population and economic growth, and projections expect the region...
How is the regional political landscape impacting Trade Credit Insurance (TCI)? Karim Nasrallah looks at a few challenges affecting insurers and ways to overcome them. The TCI industry has been evolving in recent years, as a result of the economic, social and political changes that are unfolding globally, and specifically across...
A risk maturity model is a powerful tool to assess risk management effectiveness across the enterprise, writes Domenic Antonucci. A risk maturity model gap-improves risk management system capabilities in a disciplined and consistent way and presents a robust case for organisation investment (Antonucci, 2016). Research proves that both enterprise risk...
Credit insurers have an uphill task in supporting regional businesses, notes Schuyler D’Souza. When the focus of attention and discussion is directed towards the Middle East, particularly from overseas sources, the spotlight tends to fall on two areas. One is the ongoing political unrest and conflict in some countries, while...
Is political risk defined as governmental risk or a political situation that gives rise to poor economic conditions? The latest RIMS Executive Report strives to understand the right definition. The term political risk may seem to encompass all forms of international instability, which may not be exactly accurate. The Society...
Syed Danish Ali points out that stress testing in Life insurance needs to be carried out to prepare for adverse conditions. Stress testing has evolved to a practical must-have tool for managing the ground realities of uncertain economic and market conditions. Nowhere is stress testing more relevant than in the...
Frequent and severe fires in the region have now caused the industry to revise underwriting guidelines and rates, writes Mohamed Alali.
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’...
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;...
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....
