The insurance industry is failing to react quickly enough to the fast-evolving digital world around it.
The insurtech sector in the MENA region has enjoyed substantial growth over the past two years, in part driven by the global pandemic.
It is time to take full advantage of the workplace transformation in health and wellbeing
Re/insurers are blissfully unaware of their growing exposure to AI-related liabilities, warned Simmons & Simmons
Oman Insurance gained approval to launch Syndicate 2880 last year on the Lloyd’s DIFC platform
Inherent issues with the Takaful model continue to hinder the market’s development in the GCC
Ransomware continues to shape the cyber risk landscape, explained DWIC roundtable panellists
Arif Amiri, CEO of the DIFC Authority, officially launched the fifth Dubai World Insurance Congress 2022
Gallagher has taken a majority share of 51% of ACE Re Ltd (DIFC); Its team and clients will trade as Gallagher going forward
Middle East oil giant Abu Dhabi Investment Authority (ADIA) has backed Ardonagh with fresh investment, giving the firm an enterprise value of $7.5bn (£5.6bn)
Kay International AMEA LLC has initiated business activities from its new office in Miami, Florida, after receiving its regulatory approval from the Florida Department of Financial Services to operate as a Reinsurance Underwriting Agency and Reinsurance Intermediary.
Aon has established a new reinsurance broking division in Saudi Arabia after securing a licence from the country’s central bank.
Second insurer owned by Berkshire Hathaway Inc. to expand its presence in the region; strengthens DIFC’s position as a centre of excellence for insurance and reinsurance locally and globally
Qatar Insurance Company (QIC), has reported a net profit of QR511m for the first nine months of this year witnessing a 491 percent rise compared to the same period in 2020.
Arif Amiri, CEO of DIFC Authority, commented: “DIFC is delighted to be hosting the World Alliance of International Financial Centers’ Annual General Meeting. It is the first time leaders from financial centers across the globe have chosen to convene in Dubai.
More than a year since the explosion ripped through Beirut, killing more than 200 people, Judge Tarek Bitar’s efforts to hold senior officials to account for suspected negligence are facing mounting political pushback.
Andrew Woodward, regional head of Lloyd’s Dubai said: “We have enjoyed working closely with the OIC team to deliver this exceptional result and we are proud to have the first SIAB in this region.”
Currently, the model covers Morocco, the United Arab Emirates, and the Kingdom of Saudi Arabia, with further releases for Oman, Qatar, and Egypt in the third and fourth quarters of 2021.
Tysers, a Lloyd’s broker, is expanding its presence in Dubai to meet the growing demand for insurance expertise in the Middle East.
Insurer Axa has today (7 September 2021) confirmed that it has completed the sale of its 50% shareholding in Axa Gulf and its 34% shareholding in Saudi Arabia-based Axa Cooperative Insurance Company to insurance firm Gulf Insurance Group, situated in Kuwait.
This award is voted for by CEOs. We ask them to choose their ‘first among equals’, to select the CEO whom they most admire in the region
This award is given to someone who has made a real difference to the insurance industry in the MENA region over the course of a long and distinguished career
This award is given to an up and coming star of the industry who is making a difference to their business despite being at the start of their insurance career
This award is given to the risk manager that has done the most to outshine their peers and make a difference in their business
This award recognises excellence in risk management and is awarded to a company that has effectively mitigated against the ‘showstopper’ risks facing its board
This award recognises excellence in innovation and is awarded to a company that has intelligently leveraged its relationships with distribution partners
This award recognises excellence in digital innovation, with the winner delivering a win-win solution for insurers and their clients