Storage and transport of natural gas is indeed a risky, yet cost-effective venture. Aftab Hasan outlines the risks associated with LNG and mitigating them. Before considering the risk management protocols in Liquified Natural Gas (LNG), it is important to provide a small preface about LNG and its development. LNG is...
How can insurance companies benefit from international standards in reducing risk? Theuns Kotze advocates being prepared in a scenario where ad-hoc approaches are no longer advisable. For the past few years, the economic recovery of United Arab Emirates (UAE) had made a significant impact on all lines of businesses including...
The sector risk profiles of GCC countries show consistent improvement, at a time when Europe and Latin America continue to traverse in less favorable territory, reports Euler Hermes’ latest Global Sector Outlook. Global economic recovery is still too modest and heterogenous to fully benefit a majority of sectors around the...
Sohail Jaffer gives his insights on the BancaTakaful industry and key opportunities surrounding this sector, while advising new entrants on forming lasting relationships with customers. Despite global economic situations, the Takaful business has seen phenomenal growth in the GCC. Especially between the year 2007 an 2011, the industry has grown...
Massimo Falcioni, CEO of Euler Hermes GCC, highlights why Qatar presents a huge opportunity for trade credit insurance. Trading on credit is a risk that needs to be mitigated. Trade credit is very important for small and medium enterprises (SMEs). To compete in the global market, an organisation has to...
Insurance policies have changed to respond to cyber and data security claims and the legal landscape for cyber security. Peter Schwartz and Luke Hacker examine the issues, with particular reference to the risk management aspect. It is trite to observe that to practice effective risk management requires an understanding of...
How does the industry perceive the current and future? What challenges affect penetration rates and per capita insurance expenditure? These and many more questions were discussed at the Middle East and Africa Insurance Summit. Stalwarts of the industry got together to discuss the outlook of the insurance sector in the...
ACE’s recently launched Reinsurance Barometer specifies infrastructure and supply chain sectors to have the most significant negative financial impact on businesses in the next two years. With the UAE winning the bid to host the Expo 2020, there is no doubt the emirate of Dubai will witness a vast infrastructure...
Regulatory developments of recent times, and the increasing importance of credit ratings, have been a stimulus for greater focus on risk management and consequently brought about the need to define and communicate risk appetite clearly. Dimitris Dimitriou sheds light on this aspect of risk taking which is better known as...
While we are busy transiting from a paper-based society to a virtual world, criminals are adapting faster than us. The very advantages of this virtual world, such as speed and global interconnectivity, are being deployed against us, making cyber risks the biggest threats facing businesses today, notes Shabnam Ansari. Cyber...
