Zurich International Life Limited (Zurich) is highly committed to the Middle East insurance market and is looking to further extend its market-leading role, says Mr Walter Jopp, CEO Middle East & Africa.
Middle East Insurance Review tracks the milestones in the journey of the MENA Insurance CEO Club (MICC), which is set to again announce the winner of its landmark annual essay competition at the end of the month.
As more Gulf states look to introduce some form of compulsory health coverage, we highlight some basic factors for the successful execution of mandatory health insurance that is sustainable for payers, providers and users alike.
Moving towards an eHealth architecture is a crucial piece of the puzzle as the GCC region steps up the provision of healthcare services to its population.
Economic woes and instability have not deterred the insurance sector in Egypt from growing; but winning the game is getting harder as tougher economic conditions looms ahead and profit margins are shrinking, especially for P&C business.
The life insurance market in Egypt continues to evolve amid the challenging economic climate in the region.
Despite challenging times post-revolution, Egypt still has lots to look forward to but reinsurers must help their cedants develop better products.
Takaful has been achieving notable progress in both general and life despite its late emergence in the country. Today, takaful is gaining traction amongst investors both from the state and private sectors.
Egypt is a challenging market for any business right now, with the decline in tourism, difficulties in accessing foreign currency, rising inflation, and frequent power cuts just some of the issues putting the brakes on economic growth. But there are opportunities for adaptable insurers.
A look at some early lessons from the revised SOLAS regulation - requiring verified gross mass (VGM) of all packed containers - and its impact on global supply chains.
Despite the decline in underwriting volumes in 2015, export credit and investment insurance's relative importance for cross border trade and investment continues to grow, underlining its relevance especially in a volatile MENA region.
Terrorism trends have evolved in recent times as attacks have centred on easier targets and are increasing in frequency. Insurers have to adopt preemptive measures to understand the shifting trends in political violence across the region.
The takaful model has shown itself to be malleable. The industry should now harness this adaptability and seek a more customised approach to ensure its relevance within its broad target audience.
As Arab governments promote SMEs, small business owners should invest in a sound risk management strategy to ensure their resilience amid a challenging business environment.
In the first of a two-part article looking at designing a multinational insurance programme, AIG discusses the merits of a local policy as part of a Controlled Master Program to ensure that a multinational is not left without cover for certain losses in a particular jurisdiction.
Three elements are crucial to the development of a risk management process - understanding the work operations, defining the risk categories to which the entity is exposed and specifying business indicators that allow the effective monitoring of these risks. says Arab Re.
"There is clearly an increasing understanding of risk - as opposed to just insurance - at the board levels, and that generates a completely different discussion to the ones we had a few years ago. "
- Mr Simon Gilliat, Head of Central & Eastern Europe, Middle East and Africa, Willis Towers Watson.
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