Arab Reinsurance Company: a new dimension
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Saudi Arabia – Najm wins digital transformation award - Dubai Health prevents duplication of government ins. Cards - Dubai - Insurance most active sector in the market - 2018 could yet be worst year in a decade - Reinsurance CFOs confident about growth - Regulatory regimes to boost reinsurers’ shares in Asia - Insurtech patents jumped 40% in 2017 - Wildfire engulfs thousands of California homes - UAE – Profits of 11 insurers at AED 805m - Hurricane Michael insured loss above $8bn - Asian markets to drive insurance growth - Alternative capital keeps property rates stable - UAE - Health insurance 'misuse' rates drop - UAE - 62% of insured population is overweight - UAE - Markel forms strategic alliance with Etihad Credit - Jordan – Profits of 22 insurers increase sixfold - Kuwait - Health ins. hospitals to serve 2m expatriates - UAE – Workshop on anti-money laundering - 5 reinsurers will dominate the global market - Q3 cat bond issuance highest ever at $1.6bn - Insurtech-related patents soar globally - KSA – Rejected ins. health claims at SAR 2.25 B annually - Kuwait – 3 insurers control 44% of motor TPL - UAE – Generating 660 employments in retail sector - UAE – Ins. distributors cannot issue contracts - UAE – Hosting the Union of Arab Ins. Regulators - Egypt – Government tackles agricultural insurance - Algeria – Ins. customers entered digital age - Egypt – Comprehensive motor ins. should be compulsory - New high for global ins. M&A - China – Premiums rise despite economic slowdown - Rising P&C rates put pressure on Caribbean cedents - Marsh: ‘We’re in a massive blockchain revolution’ - Ping An plans $2B IPO of Health Tech Unit - ‘New realities’ tech presents ins. Opportunities - Rates must improve to meet cost of capital - Reinsurers to benefit from digital transformation - Life reinsurers must adapt to cedents’ needs - Lloyd’s Asia seeks innovation - African Development Bank launches disaster risk facility - UAE - Oman Ins. Company signs up with Al Etihad Credit Bureau - Egypt – Protocol to establish the first actuarial life table - Governmental support for Asian reinsurers varies - Pakistan - New insurtech-based life insurance product - Egypt - EGP 86bn investments of insurers in 2017 - UAE 4th global Islamic fintech hub - Saudi Arabia - MetLife opens account in mutual funds - Singapore launches cyber risk pool - Oman – Meeting on health insurance implementation - Bahrain – Automated “self-service” motor ins. Renewals - Lebanon – Storm damage not covered - Jordan – Publication of private health ins. Guide - Silent cyber to cause ILS fund losses - Reinsurers of the future will embrace ILS - Mauritania – Insurance Association announced - Egypt – Insurers should spread Nat Cat awareness - Saudi Arabia – Unified compulsory motor ins. Contract - Abu Dhabi – Seminar on cyber security - Hurricane Michael to keep a floor under pricing - Marsh launches social unrest insurance solution - Arab ins. market less than 1% of world premiums - Kuwait – Call for a draft insurance code of ethics - Jordan – Motor insurance training completed - Marsh confirms partnership with insurtech - Asian insurance gap reaches US$134 billion - 2018 cost of global cyber-crime $600 billion - Calls for better safety of autonomous cars - Egypt – Ins. Federation seeks to increase GWP retention - Jordan – Ins. Federation issues “motor ins. guide” - Takaful Oman launches innovative App for safer roads - Oman - Workshop on health insurance - Egypt – Loss ratio reaches 40% in August 2018 - UAE - 4% contribution of ins. to GDP in 2022 - UAE – Banks represent 70% of life ins. Brokerage - Jordan – 13.1% life ins. premiums increase in 2017 - Egypt – Capital of ins. companies to be related to risk - Sh. Khaldoun Barakat - Chairman - We maintained a B+ rating and our market position - Arab Re supports the FAIR Reinsurance Forum - 20% of old-aged Saudis self-finance treatment - Malaysia to ease insurance foreign investment - Google ‘Definitely’ interested in Insurtech investments - UAE – Smart insurance uncovers fraud - Insurer stores damaged art for restoration - Jordan – Pharmacists to take action against some insurers - Egypt – Regulations on the electronic issuance of insurance - Satellites hastening Florence and Michael claims payments - ILS market to near $100 billion in 2018 - Lebanon – USD 4 billion insurance investments - Respiratory system diseases costliest in Dubai - Kuwait – 65 actions to combat money laundering in Sept - Insurers call for delay in adopting IFRS 17 - Michael will not impact reinsurance pricing - U.S - Underwriting losses for Medical liability - Autonomous cars will shake insurance market - Competition from insurtech to increase - Sharjah Health Authority goes digital - UAE – Insurers pay auto repair garages in installments - Insured Hurricane Michael losses at $10bn - Low-cost ins. for UAE workers starts today - UAE – Decreasing prices to boost GWP before year-end - Jordan – Draft insurance law published - Egypt – Code of insurance ethics - Top UK, US insurtech firms revealed - Cryptocurrency theft reaches $927 Million in 9m - Michael insured losses estimated at $8bn - Dubai to transform healthcare billing - Natural disaster losses leap 251% in past 20 years - Michael will not be a capital event for reinsurers - New vehicle technologies to disrupt ins. Sector - London insurers’ profits under pressure - Saudi Arabia to offer national health ins. Soon - UAE - employee ins. system to start on October 15 - UAE – 3% contribution of ins. to GDP in 2018 - Travelers announces major Amazon partnership - Insurance M&A deals to double in 2018 - Egypt - Insurance for the repatriation of remains - UAE – 69% don’t renew car licenses due to high ins. Prices - Saudi Arabia – Health insurers raise their prices - KSA – Premiums reach SAR 7.5 B in Q2 - Modest cat losses to pressure rates at 1/1 renewals - Driverless ships could offer growth - Brexit uncertainty to hit businesses - Jordan – Claims reached JOD 234.5 million in 6m - Egypt – Premiums reach EGP 9.5 B in 3m - Driving pattern determines premium - Egypt - Feedback on Takaful regulations expected - Storm Xavier to cost insurers €324m - Abundant capital driving nat cat resilience - Maritime industry unprepared to deal with global issues - Silent cyber perceived as a greater risk - Reinsurance M&A to continue - Reinsurers able to absorb H2 2018 losses - IFRS 17 to have mixed results for reinsurers - Indonesia looks to cat bonds after string of catastrophes - UAE – Housemaid ins. will replace bank guarantee - Husband helped wife’s suicide to benefit from ins. - Insurance Europe calls for IFRS 17 to be reopened and delayed - Reinsurance pricing to decline at 1/1 renewals - USD 248 Billion global reinsurance premiums - Egypt – Creation of reinsurer with a capital EGP 10 m considered - Saudi Arabia – Saudization of ins. sector jobs ongoing - Kuwait – 15 employees of ins. dept. empowered legally - Dubai to host GCC Insurance Forum - UAE – 20% decrease in motor ins. Prices - Oman – Insurers to get ready for IFRS17 - Egypt - Regulator deliberates the incorporation of microinsurers - UAE – Acceleration of Emiratization in retail sector - Oman – Ins. and health sectors contribute to GDP - Ins. Federation of Egypt studies market regularly - Egypt – New motor compulsory ins. System - Marsh expands blockchain partnership with IBM - Saudi Arabia – 150 firms suspended for not insuring employees - Jordan – Training on business continuity completed - UAE – Fund for victims of uninsured cars - UAE – Requests to add obesity surgery to insurance - Egypt – 41.2% increase in ins. assets in 2016-2017 - Jordan – Training on comprehensive and compulsory motor ins. - Deloitte to help Ins. blockchain alliance in Canada - Saudi Arabia – Health ins. complaints increase by 900% - Kuwait to witness shift in health insurance sector - Oman to bring in mandatory health ins. in 2019 - UAE - Etihad Credit ins. aims to boost exports - Bermuda leading a ReinsurTech revolution - Blockchain not understood by enough insurers - InsurTech innovations are assisting processes - ILS may be in unsustainable territory - The reinsurance cycle has disappeared - Excess capital remains dominant price driver - ILS can help cover cyber risk - M&A uptick to boost reinsurance demand - Cyber ins. market to double by 2020 to $8 billion - Reinsurance consolidation will continue: Fitch - Myanmar to open ins. to foreign companies - Lloyd’s will close syndicates that can’t make profits - India's ins. industry to be worth $280bn by 2020 - Africa – Ins. sector to cope with tech - Nigeria Ins. sector grows By 6.07% in Q2 - Cyber will redefine Property & Casualty - Saudi Arabia – Eradicating unlicensed ins. Sales - UAE – Dispute committee condition before lawsuits - Kuwait – Anti-money laundering issues 87 decisions - Egypt – 1st guide to protect non-banking customers - Comprehensive health ins. for all Saudis - Insurance most profitable sector in Dubai - Egypt – EGP 55 B ins investment in treasury bills - Egypt – 5 characteristics of ins. contract of students - InsurTech strategies to compete effectively - Egypt - Sharm El Sheikh Rendez-Vous next October - Egypt – Impact of increased freight cost on ins. - Reinsurers failing to close protection gap - Black swan event needed to turn the market - Anticipating “broadly stable” renewal rates - “Flat but functional” property cat market - Re/insurers risk irrelevancy by ignoring cyber - Japan – Ins. Losses of Typhoon Jebi up to $4.5 Billion - PERILS to assume CRESTA Secretariat - Insurtech can achieve 10% ROE - M&A create a new ecosystem - UAE – Weaknesses in car maintenance offered by ins. - Marine Day at Jordan Ins. Federation - Introducing Misr ins. in bourse increases profits - Egypt – Necessity of compulsory ins. on housing units - Lebanon – Ins. premiums up by 2% in H1 - Saudization of ins. jobs at 69% - KSA – Recent female driving increases ins. Prices - 3,500 opportunities for Emiratis in next 100 days - Riyadh hosts region’s premier healthcare platform - Oman – 12th Middle East Conference for Health ins. - Saudi Arabia - SAMA starts cyber security training - UAE introduces regulations for fintech - Kuwait – Health ins. project for all citizens - Bermuda key reinsurance hub despite U.S. Taxes - Aon Creates $350M of Cyber Capacity - Personal lines a challenge for reinsurers in Southeast Asia - Reinsurance sector net income jumps 75% in H1 - H1 catastrophes will have limited impact on reinsurers - Kenya's ins. sector looks to a brighter future - Singapore – Women drive better than men - Reinsurance rates likely to disappoint in 1-1 2019 - Life reinsurance underappreciated by market - Fitch ups reinsurance outlook to stable - Alternative capital provides competitive advantage - Foreign reinsurers soon in Saudi Arabia - Dubai’s FinTech Hive welcomes 22 startups in 2018 - Countdown begins for first UAE-made satellite - China – Insuer “PICC” adopts blockchain technology - Bahrain is a leader in Takaful - Tunisia – Habib Ben Hassine, new president of the FTUSA - Egypt- Tourism fed: compulsory ins on tourists harms tourism - Waiting for a $250bn industry loss - KSA – SAR 1167 avec health ins. Claims - Riyadh will host the Saudi Health Ins. Conference - UAE – Electronic platform do develop insurance - The Egyptian ins. market absorbs more companies - UAE – Regulating reinsurance serves the market - UAE – “No claim” certificate to insure car - Alternative capital becomes permanent - Zimbabwe pushes to harmonise insurance legislation - KSA – Insurers should issue ins. for people above age 65 - InsurTechs growing despite unsustainable loss ratios - ILS investor appetite uninhibited by recent losses - Hong Kong seeks to attract actuaries, fintech experts - Saudi Arabia – Insurers add premium for additional driver - UAE – Safe drivers don’t get ins. price discount - Lloyd’s to insure a digital currency platform - U.S P&C reinsurers given H1 boost - Kuwaitization of 22% of insurance jobs - Egypt – Proposal to create ins. brokerage union - European insurers favouring profitability - China - $100 million investment in insurtech - UAE – Ins. inv. in stocks & real estate at AED 27.67 B - bWallet ties up with Solidarity Bahrain - Jordan – Training on motor insurance claims - Egypt – Actuarial study to expand ins. on road accidents - Saudi unified motor ins. contract implemented - KSA – Unified motor contract has no effect on prices - UAE – AED 25 fees on motor ins. Contracts - Workshop of Sharjah chamber on Unified motor ins. - UAE – Profits of listed insurers up by 29.3% - Lebanon – The ins. sector grows by 4% in 2017 - Egypt – Compulsory ins. on tourists - Strong performance of top European reinsurers at H1 - Saudi Arabia – 3 insurers control 80% of health ins. Market - Egypt – Premiums to reach EGP 50 B in 3 years - $48bn ins. M&A deals in H1 - China - Ping An ins. addresses smart cities and supports blockchain - Lebanon – Annual Report of Ins. Control Commission - MetLife pilots Blockchain Ins. system for diabetes - Cyber insurers could lose 119% of policyholder surplus - Reinsurers to raise India flood rates - Bahrain - T’azur adopts motor insurtech for claims - China's ins. premiums falls by 3.33% in H1 - ACORD reinsurance data standards - Foreign insurers in Malaysia gain more freedom - UAE – Six main ins. distribution channels - Jordan – Insurers comply with the medical tariff - Jordan – Travel insurance outside the kingdom - Chinese JD.com launches blockchain platform - Jordan – Workshop on digital ins. Transformation - UK - Amazon considering ins. comparison site - Cats drive losses in 2018 but totals down significantly - Rate momentum to fade in 2019 - UAE listed ins. firms' Q2 profits jump 40% - Takaful Trends: Breaking the Reliance on the Qard’ Hasan - USA - Blockchain-Based Reporting ins. Tool - Alternative capital transforming the reinsurance market - Opening Saudi market to foreign insurers will enhance quality - UAE – An insurer adopts service solution for Apple devices - UAE – Ins. Authority: Motor prices include all fees - Egyptians spend annually $16 on insurance - KSA - SAMA warns against unlicensed persons - Lebanon – FAIR Reinsurance Forum next month - Alternative reinsurance capital hits $95bn - London Market’s electronic placing exceeds Q1 targets - KSA – Service provider to be paid within 45 days - Ras Al Khaimah – Workshop discusses motor ins. - Jordan – The number of victims of traffic accidents decreased - China banking and ins. regulator supports for more lending - Arab Re strengthens presence in GAIF’s 32nd conference - GCC – Ins. market will reach $44 B in 2021 - Tunisia – Banking agencies pay prm of 2000 dinars annually - California insurers must reevaluate wildfire risks - Droughts, wildfires & floods cost over $7.3bn in July - Dubai regulator joins global fintech network - UAE – 5 “ISO” certificates to Ins. Authority in 2018 - Artificial Intelligence can beast best cyber defenses - Moody’s upgrades Brazilian ins. sector outlook to stable - Oman - Ins. losses of cyclone Mekunu reach $281mn - Jordan – Training on “loss of profits” in fire ins. - Italy - Bone-breaking ins. fraud uncovered - New Cat bonds hit $11bn in 2018 - Asian reinsurers remain profitable in 2017 - Hong Kong attractive to Chinese ins. Consumers - Jordan – Training on ins. accounting completed - Egypt – Ins. investments in treasury bills at EGP 49 B - Insurance Authority: Emiratisation a vital issue - UAE – Following ins. complaints through text messages - 74% of Jordanians are medically-insured - Jordan – Profits of 21 insurers jump by 332% in H1 - KSA – Optional cover hinders health ins. of education field - UAE – Abuse costs 15% of health premiums - UAE – Compulsory malpractice ins. for eng and physicians - UAE – New regulations on online ins. Sales - UAE – 70% share of claims in motor premiums - UAE – Banks allow premium payment over 1 year - Kuwait – General ins. authority required - Reinsurance demand to grow in Asia - Global ins. M&A activity rises further in H1 - Insurtech firm wefox in talks with Softbank - Technology creating competition for Asian reinsurers - UAE – AED 15 B ins. health claims in 2017 - Carine Geagea, Risk Management Manager: “Credit Ratings: Risk controls or barriers to success?” - Saudi Arabia - Uber launches driver insurance - KSA – Health ins. complaints up by 907% - Egypt - Uber extends insurance to drivers - Egypt – Regulator signs microinsurance deal - UAE – 2nd highest penetration rate globally of shared economy - Saudi Arabia – No extended deadlines for liberal jobs - Oman – Ins. intermediaries meet the National Training Fund - Jordan – Marine and aviation ins. Training - KSA – Ins. profits to grow 100% in Q2 - KSA – 86% of citizens without health insurance - Aviation market to remain stable through 2018 - European insurers back Europe’s largest fintech fund - UAE – AED 2.2 B ins. profits in 2017 - UAE – Program to identify intentional fires - UAE – Artificial Intelligence in ins. supports economy - UAE – First decrease in motor ins. Prices - Continuity clause for 'no-deal' Brexit - Japanese insurers rated for green investment - Indonesia - Low ins. penetration but high profitability - Indonesia pushes back mandatory shipment ins. - Nigeria: Regulatory ins. capital raised 3 times - USA - Insurers turn to technology to woo drivers - UAE - Replacement car popular among ins. Clients - Bahrain - Mandatory Health Insurance Forthcoming - Jordan – Training on IFRS 9 - Egypt – Ins. sector attracts investments - Large insurers Look to cover crypto businesses - Japan’s life insurers offer answers to global peers - Global ins. cat losses hit $21 billion in H1 2018 - London market should identify Artificial Intelligence risks - Former Lloyd’s Chairman warns about Brexit - M&A Likely to Become More Challenging - UAE – 5 requirements for bancassurance - UAE – Emiratization accelerator in financial sector - Oman – Ins. contribution to GDP at 1.63% - Negative outlook for Jan 2019 renewal - KSA – Uniform compulsory motor contract updated - GCC Islamic ins. sector to stay profitable in 2018 - Tunisia – GWP increase by 12.1% in Q1 - Divergent reins. sector rating outlooks - Insurers to underwrite crypto risks - Pricing in line with expectation - Egypt – EGP 110 million claims in metro and train pool - Mauritania – Guarantee of 300 M ougiyas on insurers - Saudi Arabia - New regulations to help consolidate ins. Sector - China’s Anbang to sell $10B overseas properties - Shipping losses in Asia on the rise - China - Adults aged 26-45 top general ins. Buyers - KSA – SAR 651 M property premiums in Q1 - UAE – Health ins. contract to be renewed - Oman – Training on pricing of health ins. - Projected asbestos industry losses up $10bn - Egypt - State interested in developing ins. System - Egypt – Ins. sector submits 103 proposals - Egypt – Ins. investments to reach EGP 150 b in 2022 - Jordan – Liability insurance training - UAE - Car ins. premiums to drop 8% in 2018 - KSA – SAR 19 billion of health premiums - Egypt - Mandatory insurance for tourists - Mauritania - Insurers to be regulated by central bank - Oman – Plans for compulsory health ins. Underway - Egypt – Issuance of microinsurance electronically - Egypt – Debate on a better future for insurance - M&A deals to increase despite rising costs - Saudi insurers have a chance to improve results - Clear risk strategies more vital for (re)insurers - US cyber insurance premiums up 37% - First standard for cyber data breach released - Fintech, insurance drive job creation in Singapore - India - No vehicle ins. without pollution certificate - Artificial Intelligence in war on ins. Fraud - Catastrophe risk capital gaining importance for insurers - Digital ins. platform launches for China’s elderly - A 1$ hurricane protection saves $100 in losses - Asia - Travel ins. to reach US$9.9 billion by 2022 - Time for insurance business transformation - Global Insurance Premiums Rise by 1.5% in 2017 - UK brokers’ market share rises with digital channels - Brexit Begins to Hit UK Financial Services - Expanding use of Blockchain in insurance - Dubai ins. plan to cover hepatitis C - KSA – Review of health ins. of citizens - Algeria – GWP at DZD 133.3 billion in 2017 - Egypt – cooperation between insurers and national health ins. - Cooperation between Egyptian & Tunisian ins. Federations - UAE - Action on dependents’ health ins. Renewals - UAE – Uninsured Villas - Artificial Intelligence may run a call center - KSA – 23% of health insureds are citizens - Headwinds curb positive marine rating movement - Steady growth in cyber market - Tax reforms to restore underwriting profitability in U.S - Egypt – The insurance sector to adopt IFRS9 - Kuwait – Proposal to settle motor claims within 15 days - Insurers must seize potential of new tech - Solvency II beneficial but deterring long-term business - KSA – Insurers will face more challenges in 2019 - Oman – Manpower ministry and insurers collaborate - Bermudian reinsurers passed 2017’s test - Insurance industry calling for inclusive workplaces - Oman – Fire insurance training - Reinsurers must innovate to overcome challenges - Cat bonds hit $35.3bn risk capital outstanding - Allianz launches €1bn share buy-back program - UAE – Insurers should issue contracts in Arabic - Reinsurers unlikely to earn back 2017 cat losses - Further disappointment for Jan 2019 renewal possible - Florida leads price declines in mid-year renewals - Crypto sector won’t affect German financial stability - China - Preference for Hong Kong reinsurers - Amazon enters online pharmaceutical field - New Saudi Health Ins. contract implemented - Bank of England warns about crypto asset risks - Bosch to connect vehicles to digital services - Prudential develops digital claims for hospitals - UK motor ins. sector posts record results - UAE - New innovation strategy in insurance - UAE – Better ins. products instead of inv. Risks - Egypt – Compulsory insurance on small loans - Insurers hopeful M&A will transform their models - MENA - Continued ins. growth & profitability - Saudi Arabia – SAMA warns 14 companies in ins. Sector - Insurers slow to adopt tech risk being replaced - Tokio Marine prepares for further acquisitions - KSA – No different ins. products for women - Egypt – Introducing cyber insurance - 9% of banks global income at risk from cyber - China looks to trial catastrophe bonds - Saudi ins. stocks soar with entry of female drivers - Egypt – Electronic issuance through the post - Germany – Reputation insurance in social media - Global organizations don’t learn from cyber mistakes - 10 of the most innovative fintech firms - Neutral outlook for European reinsurers - Legacy long-term care remains top concern - Saudi Arabia – Competition in motor ins. Market - Amazon launches health insurer - Jordan - New Cancer Insurance Programme - Jordan – Ins. challenges constrain profitable growth - 40 Saudi female accident surveyors graduate - Special health insurance for Saudi citizens - UAE – AED 4.89 Billion GWP of unified motor contract - Egypt – 513 thousand microinsurance contracts in 2017 - 2017 losses unmasked reinsurance price inadequacy - Dubai’s financial centre partners with Startupbootcamp - Abu Dhabi Inv. Authority acquires stake in British insurer - Insured Sum of Russia World Cup $10 B - Tokio Marine acquires Thai and Indonesian units - Insurers move from blockchain to R3’s Corda - India - Blockchain for crop insurance scheme - Lebanon – Insurance premiums increase by 7% - Reinsurers well positioned for hurricane season - UAE – Uninsured cancer, Thalassemia and psychiatry - UAE – Excellent rating for 7 insurers - UAE – Unified contract introduces fair pricing - UAE – Further growth for ins. Market - UAE - Insurance to replace bank guarantees for workers - Egypt - Misr Insurance IPO before year-end - Digital insurance deal between AXA and ING - Lloyd’s begins search for Insurtech talent - Egypt – Compulsory ins. on microfinance customers - Egypt – Necessity of underwriting discipline - Kuwait – Settlement of small traffic accidents - Amazon to bring major disruption to insurance - $320bn cost each year from man-made risks - Commercial insurers must embrace technology - Solvency remains stable in China's insurance sector - London market trades aviation risks electronically - UAE – Motor ins. prices to decrease - UAE – 9569 ins. complaints of car owners - Bahrain – Health ins. system will generate jobs - Egypt - 2018 the year of insurance - Meeting of the Board of Directors of Arab Re - Meeting of the Board of Directors of Arab Re - Mastercard blockchain system to secure payments - Cyber ins. premiums to dominate by 2021 - Amazon sizes up potential home insurance move - M&A to continue fuelling insurance deals - Lebanon – Health ins. for Egyptian community - Egypt – EGP 210 million Takaful premiums in January - Reinsurance prices at risk of declining in 2019 - ILS influence stops further rate improvements - Saudi Arabia – SAR 11.1 billion motor GWP in 2017 - UAE – 27.7% increase in ins. profits in 3m - Post-hurricane renewals show flatter cycle - Irma showed the robustness of reinsurance in Florida - KSA – Health insurance cost up by 132% - Jordan – JOD 7.5 million insurance profits in Q1 - Reinsurance capital to reach new heights in 2018 - Willis praises revolutionary Insurwave blockchain - Jordan – Training on English in insurance - Insurtech Investments hit new high in Q1 - Modest-sized losses won’t change market - Disappointing Florida cat renewals - UAE – Authorization needed for bancassurance - Oman – Discussion of unified ins. Contract - Egypt – Insurers to collaborate with e-payment firms - 2018 cat bond & ILS issuance hits $8.2bn - Alibaba insurtech promotes blockchain in healthcare - Negligible rate increases at June 1st - Insurers must innovate to counter BigTech - KSA – 51% of ins. contracts in healthcare - Allianz acquires 8% stake in Africa Re - UAE – Top 10 insurers control 75% of market - Egypt – Expert requests “Aman” certificate for fishermen - Canada - Pay-as-you-go car insurance is possible - UAE – Insurance app encourages safe driving - Oman – Vision ins: Mekunu claims not to exceed OR100,000 - 2018 Hurricane season should be an average one - China hits ins. sector with nearly $10m fines - Oman – Compulsory health ins. to be implemented - Jordan – Insurers’ strike on Wednesday - Egypt – Black list for rejected customers - Morocco – Digital database to fight motor ins. Fraud - UAE – Ins. sector emiratization to be monitored in 2018 - Jordan – Jordan ins. federation rejects tax law - Egypt – Board changes at Misr Holding help stock listing - No deal for Swiss Re and SoftBank - UAE – Ins. investments at AED 61.5 B in 2017 - UAE – Unjustified increases in medical bills - Oman - Insurers urged to ease claims processing - Egypt – New board for Misr Insurance Holding - KSA - New rules will allow more M&A deals - Oman extends closure of airport due to storm - 1st blockchain platform for marine insurance - IFRS 17 set to radically change business models - “Mekunu” cyclone heads toward Oman - Saudi Arabia adds 14 new hospitals in 2017 - Rate rises fading as mid-year renewals - Cyber competition driving down premium prices - InsurTech deals reach record high - Upgrading technology is top priority - IUA launches reinsurer focused cyber group - Privacy Laws could hamper ins. underwriting - A.M. Best to Attend 32nd GAIF conference in Tunis - Ins. comparison portal to launch in Bahrain - KSA - Health ins. council stops 8 optic branches - Jordan – Income tax of insurers increased - Flat mid-year renewal possible - Reinsurance business model challenged - Capital markets gains reinsurance influence - ILS as an asset class to offset market volatility - Dubai - New insurance corporation to focus on quality - Dubai - fintech accelerator opens applications for 2018 - Bahrain – Unified comp motor contract in mid-2018 - Egypt - Electronic ins. platform for exchange of data - UAE – Insurance project to benefit 5.7M workers - Oman – Insurers raise capitals by 14% in 2017 - Bahrain – Solidarity: Good results of merger - Protectionism a challenge for reinsurers - Saudi ins. spending per capita at SAR 1,121 in 2017 - Bahrain – IFRS17 insurance seminar - Insurers unprepared for extreme weather - Morocco – GWP at 40.65 billion dirhams in 2017 - Saudization at 70% in insurance sector - UAE – Q1 profits of insurers up by 24% - UAE - Insurance Authority suspends 3 companies - Egypt – First agricultural ins. contract in July - Takaful in MENA - Ingredients for Success - UAE insurers experience surge in fire insurance - KSA - SAMA commits to merge insurance companies - Oman – Training on IFRS 17 accounting standards - KSA – Timetable for modified health contract - UAE – Comp. motor declined for certain vehicles - Lloyd’s: Poor results in 2017 - Bermuda - ILS reach new high at $28 billion - Saudi Arabia – Ins. profits down by 67% in 3m - UAE – Stocks and bonds: 60% of ins. inv. - Oman – Ins. capitals increase by 14% - Reinsurance pricing trends unsustainable - Mr. Mohammed Hammoud, Head of Technical, “Improving underwriting conditions has positive returns” - Europe’s Regulators unprepared to protect privacy - Workforce needs reshaping to Embrace AI - Opportunities for continued price firming - AXA Raises $2.75 billion in year’s biggest IPO - China - Anbang chairman sentenced to 18 years in jail - 26 Experts warn about Artificial Intelligence - US cyber premium reach $2.1bn - Willis Towers Watson gets ready for M&A - Saudi govt seeks higher insurance coverage - KSA – Reform programs to support insurance - Weak pricing outlook for mid-year renewals - African insurers confident following economic recovery - UAE - Insurance Tech firm Aqeed Launched - UAE - Daman hosts Intl. Federation of Health Plans - Jordan – 67% of bakeries’ workers are not insured - Africa - Rates pressure but opportunities prevail - Sharjah workers to get free health coverage - Jordan – Tax on insurers to increase to 40% - Egypt – Microinsurers to be established - Egypt – Regulator raised ins. inv. in stocks to 40% - KSA – VAT to be applied retroactively - UAE – “Fire” contract could be part of rent - UAE – Licenses of 24 brokers and agents canceled - Jordan – Opposition to “App-based transportation” - UAE – Banks compel clients to buy insurance - Marathon of Insurance Federation of Egypt - Reinsurance prices may not be sustainable - Reinsurance to remain key line in London - KSA - First Auto Claims Center for Women - Jordan – Training on Technical Reserves - Capital deployment to dampen mid-year renewals - European Central Bank test on cyber attacks - KSA - 907% rise in health insurance complaints - Saudi Arabia to tempt more foreign insurers - UAE - AED1.1 billion marine ins. GWP in 2017 - Blockchain a potential game-changer - Marine insurance conference in Dubai - Egypt – Study on a natural risks pool - The reinsurance market is unsustainable - M&A is driving reinsurance demand - Blockchain dependent on industry leaders - Egypt – GWP to reach EGP 50 billion in 3yrs - Jordan – Training on governance, compliance and risk - Bahrain – Insurance does not exceed 30% of homes - Egypt – New products that fit low income persons - Digital disruption to cost 40% of insurance revenue - Cat bond issuance at $3.58bn in Q1 - The human touch is still needed - Indian regulator gives preference to local cessions - UK - Reform of fire tests of building materials - Blockchain opportunities trigger risks - 50% of manufacturers victim of cyber attack - Jordan – Workshop on cyber attacks - Kuwait – Gulf insurance launches training center - Lloyd’s to benefit from further rate hikes - 8% of Asia-Pacific disaster losses insured - DGM Mr. Hussein Mallouk: A. M. Best categorizes balance sheet as very strong - DGM Mr. Hussein Mallouk: A. M. Best categorizes balance sheet as very strong - Kuwait – Training on cash flow and liquidity - Egypt – Insuring banking transactions - Reinsurance RoEs & combined ratios weaken - Lloyd’s commences process for post-Brexit - Saudi insurance to remain profitable in 2018 - KSA – SAR 15.3 billion health ins. claims in 2017 - UAE – Marine insurance regulation requested - Egypt – Misr ins. profits rise to EGP 1.3bn in 9m - Dubai – Expansion of DIFC’s FinTech program - Kuwait – Price wars harm insurance sector - Kuwait – Anti-money laundering in insurance - Egypt – 5 insurers control 87% of life premiums - UAE - «Passenger» covers treatment abroad in 10 cases - European reinsurers’ Q1 results to normalize - Technology will transform reinsurers’ efficiencies - Credit insurers prosper as tech investment increases - UAE – ID to replace health insurance card - Jordan – Training on political violence insurance - Egypt – Raising insurance contribution to GDP to 2% - Egypt – Supervision of insurance ad materials - Egypt – Life insurance boom expected - Investments help reinsurers stay profitable - Reinsurance pricing stable to positive - COFACE downgrades Tunisia's rating - Saudi Arabia – SAR 30 billion insurance reserves - UAE – AED 16.5 billion ins. shareholders’ equity - Lebanon – Decision to make health contracts renewable - Unified car security standard on cellphone keys - Bahrain – 14093 employees in financial sector - Global reinsurance capital at $605bn - Terror risk to drive reinsurance demand - ILS advance continues - Kuwait – Insurance for retirees extended 3 months - Lebanon – Insurance GWP at $1.63 billion in 2017 - Egypt – Launching a policyholders’ protection fund - Egypt – GWP grow by 33% in 2017 - KSA – Coordination to issue contracts for importers - Bahrain – No health insurance fees on citizens - Egypt – Aman contract targets 3 million citizens - Reinsurers using retro more after losses - UAE – Dividends of insurers up by 15.3% - Egypt – EGP 2 billion insurance capital increase in 2017 - Reinsurers will overcome insurtech threat - Intelligent machines will alter insurance industry - Kuwait – High insurance committee established - Egypt – Registration of insurance broker trainees - Protectionism hinders reinsurance market - Capacity remained strong at April 1st renewals - KSA – Revealing insurance concepts to media - UAE – Decreasing depreciation of spare parts - Kuwait – Capital Markets Authority possible regulator - P&C price increases for European reinsurers - UAE – Family Takaful to be regulated - Kuwait – Medical malpractice insurance agreement - Bahrain has 1st Arab fintech regulation - Jordan – Claims adjustment workshop - Hopes for reinsurance rate increases dashed - Lloyd’s outlines disruptive technology challenges - Japanese P&C outlook remains stable - Jordan – Medical malpractice insurance fund - European reinsurers accuse India of protectionism - Africa thinking digital to revolutionize reinsurance - Bermuda - Increase in reinsurance registrations - Insurers study blockchain to fix health providers - Google, Amazon & Apple move into healthcare - UK - Competition & Brexit main challenges - Egypt – Insurers monitor aviation pricing - Egypt – Intensive efforts to fight fraud - Oman – 50% Omanisation of senior management - Bahrain – Traffic accidents handled by insurers - Egypt – Insurance fraud case uncovered - Catastrophe bond market buoyant Q1 2018 - KSA – Corporate profits improve in Q1 2018 - UAE – Rating agencies positive on insurers - UAE – Addendum part of contract - Jordan – Engineering insurance training - UAE – Motor repair costs to decrease - Egypt – October Conference to boost ins. Sector - Walmart to acquire Health Insurer Humana - South Korean - Claim denied in digital exchange - Artificial Intelligence risks are high - 85% of insurance CEOs worry about technology - InsurTech carries consumer protection risks - 2018 a good time to enter ILS - InsurTech could change business model - P&C reinsurers hit by 2017 catastrophes - Reinsurers face challenges in the future - Efficiency to expand protection that ILS provides - Morocco – Insurers worried about traffic accidents - Self-driving car fatality threatens insurers - USA - Investment gains mitigated life/health losses - 2018 Lloyd’s challenge: pace of tech upgrades - UAE - 20% 'no-claims' discounts for drivers - Oman - Two citizens arrested for fake claim - European reinsurers to see rate improvements - Insurance M&A will accelerate over 2018 - Lebanese insurers demonstrate resilience - Oman – Insurance Human Resources forum - Egypt – Capital increases of 6 insurers - Egypt – Insurance sector growth in 2019 - Europe turns into key insurtech hub - Cyber risk-model with backing of Symantec - Singapore- Regulator promotes sustainability - Don’t rely on ambiguous triggers in ILS - Climate change a P&C threat & opportunity - Artificial intelligence a reinsurance game changer - UK Government to welcome ILS investors - Fintech agreement between Hong Kong and Gibraltar - UAE – Regulator says driving record certificate free - Lloyd’s market falls to £2bn pre-tax loss - Tech insurance disruption, a reality in 2018 - Reinsurers obliged to develop new covers - UAE – AED100 price of accident record certificate - Oman – OR 623 million insurance assets in 2017 - Lloyd’s introduces electronic placement - Reinsurers are targeting primary business - UAE – 5% growth in professional contracts - Insurers at initial stage of data maturity - Capitalising on African insurance opportunities - Russian reinsurer gets Indian authorization - Jordan – Training on engineering insurance - Oman – Insurance employment for Omanis - Egypt – Health insurers to overcome losses in 2018 - Problems of microinsurance in Egypt - UAE – Calls to insure vitamin D screening - Iraq – Calls to restructure insurance sector - EU’s data protection to impact insurers - Insurance CEOs pessimistic on digital skills - Egypt – Ins Federation to boost premiums - European Commission’s Fintech Plan - Big data, cyber security, and AI top trends - French mutual insurers face losses with new rules - KSA – Price wars and admin. decrease ins profits - Kuwait – Anti-Money laundering in insurance - Algeria – Finance ministry tackles claims delays - Insurance M&A market more sophisticated - Saudi Arabia – Early to assess ins. impact of driving women - Kuwait – Medical malpractice ins. Contract - Egypt – Regulator launches ins. brokerage training - Europe - M&As to increase once Brexit is finalized - Easing financial payments within GCC - UAE - Reduced prices for accident free drivers - Jordan - Elderly to join health insurance scheme - China merges bank and insurance regulators - KSA – Corporate governance of insurers audited - UAE – Insurers seek sustainable growth - Kuwait – Insurance Authority as necessity - Egypt – Insurers not involved with agriculture - UAE – Artificial intelligence threatens insurance jobs - Re/insurance M&A to persist in 2018 - Cyber premiums to reach $6.2 billion by 2020 - Nat cats: hundreds of millions dollars in Feb - Saudi Arabia - Progress in health sector privatizations - Female Saudi drivers to boost motor insurance - Morocco - Sanlam acquires SAHAM Finances - Sudan hosts international Takaful conference - UAE – Insurers asked to comply with financial laws - Jordan – Possible launch of agricultural insurer - Jordan - JD602m healthcare reform plan - Alternative capital & reinsurers interdependent - Lebanon – High Health Council launched - Iraq – Dedicate 2018 as an insurance year - Egypt – New contract like “Aman” within 3 months - Nigeria – Stagnation in prices of insurance stocks - Saudi Arabia – Motor insurance prices up by 24% - Oman – Employment and training fair 2018 - Jordan – Training on insurance portfolio analysis - Egypt – Insurers to fight cyber risks - UAE – Takaful premiums at AED 8 billion - Dubai Financial Authority warns about fraud - Egypt - Aman certificates launched - Egypt – Insurance increases financial inclusion - Eng Majed Smeirat president of Jordan Insurance Federation - UAE – Digital insurance a major milestone - Reinsurers’ set for profitability gains in 2018 - M&A is down to lack of organic growth - KSA – Insurers classify hail as catastrophe - China – Regulation on asset liability management - Global insurance pricing up by 0.8% in Q4 - London is losing market share - Health insurance to cover Saudi citizens - Dubai – Blockchain-based automobile tracking - UAE – Insurance growth at 20% in 2018 - Jordan – Training on reinsurance - Moody’s: GCC insurers face moderate risks - UAE – 26 insurers achieve profits in 2017 - KSA – 140 government hospitals serve insurance - Conditions to create a ReTakaful company - KSA – Settlement of 50 health insurance cases - Jordan – Training on insurance arbitration - Egypt – Health insurance prices up by 35% - Egypt – Life insurance for the poor - UAE insurers report strong 2017 results - KSA - Health insurance scheme for teachers - KSA - Insurers blamed for shortage of medical staff - Mena sovereign borrowing to decline by 6% - UAE – National insurers neglect life products - Chinese regulator seizes insurer - Asia to be a driver of InsurTech - Getting used to lower property cat margins - Emergency travel insurance for Emiratis - UAE – Need to increase insurance capital in 2018 - Jordan – 2017 insurance profits Drop 99% - Egypt – Life Insurance for low-income groups - UAE – 2018 insurance regulations and beyond - Morocco – Strike of insurance brokers - Fresh opportunities for innovative reinsurers - Latin American protectionism threatens reinsurance - Egypt – Will insurers enter Bitcoin field? - Egypt's social safety net: Protecting the poor - Kenya open to more insurance investors - Kuwait – Questions on adding clinics to “Afiya” - KSA – Insurance and health sector privatization - UAE – Insurers record 40% growth in profits in 2017 - Insurers cautiously test bitcoin coverage - Cyber risk management lags behind threat - KSA – Health council renews license of 5 insurers - Lloyd’s to launch technology Innovation Lab - U.S. property insurers’ hopes for rate hikes dampened - Artificial Intelligence underwriting with Microsoft - Market conditions encourage M&A interest - Chinese regulator controls product irregularities - Disaster risk transfer to protect development - Hurricane Irma claims $10.2bn in Florida - Jordan – Premiums at JOD 600 million in 2017 - Egypt to host FAIR Life Forum - Malaysia - USD 352 billion life insurance sum assured - Abundant capital mutes property market firming - GCC - Negative outlook on insurance markets - Saudi insurance sector facing uncertainties - Kuwait Ins Federation: Al Hasan as chairman - Two Bahrainis forge the physician’s signature - KSA - Authority for care of people with disabilities - KSA – Emergency cases outside health network - Innovation to boost insurance revenues by $375bn - No hard reinsurance markets - Retakaful growth expectations disappoint - Reinsurance evolution ongoing - Cyber offerings to increase in 2018: Fitch - UAE – Delays in insurance claim payments - Saudi Arabia – Media and insurance awareness committee - UAE – Insurers do not provide car replacement - Dubai Health Authority calls for contract renewals - Insurance Authority issues Emiratization manual - UAE – Car insurance to cover fog-related damages - Dubai ambulances to collect fees from insurers - Reinsurance rate improvements to continue in 2018 - Historic $1.36bn World Bank cat bond - UAE – Dubai courts and Insurance Authority meet - Reinsurance capacity set to rise to $427bn - Bermuda to attract M&A and start-up activity - Apple, Cisco team up with insurers - Egypt – Regulator handles the national reinsurer - Lloyd’s could mandate electronic placement - Physical activity a powerful predictor of mortality - Storm Friederike to affect German insurers - Egypt – Misr Insurance Takaful to be launched - Egypt – Insurance keyword to achieve large projects - Egypt – 4 axes for insurance market strategy - Egypt – Train ticket change to benefit insurance - UAE – Maximum price for high accident frequency - Abu Dhabi health dep. warns over utilization - Kuwait – Refusal of immediate claims settlement - Jordan – Fire and engineering insurance training - UAE - VAT poses challenges to the insurance sector - UAE - Mandatory insurance for sailors - KSA - Policies sold under “C” not recognized - Saudi Arabia – Obesity surgery covered - Saudi Arabia - New services added to health policy - KSA – 27.5$ billion claims paid in 5 years - 2018 cat bond issuance at least $10bn - Reinsurance price rises likely unsustainable - KSA - Enforcing motor insurance compliance - Dubai advances with health insurance-visa linking - Technology giants to disrupt healthcare - 80% of investors still interested in ILS - Arab Health exhibition in Dubai - UAE – Emiratization linked to Premiums - Egypt – Workshop on Arab War Risks Insurance - Egypt – Insurers invest in 260 projects - Egypt – Insurance law unchanged during 38 years - Lloyd’s concerned over Brexit uncertainties - Storm Herwart insured loss at EUR 255m - ILS capital grew to $88bn in 2017 - High-loss cover of Saudi municipalities suspended - Egypt - Insurance program for tourists - Egypt – EGP 684 million Takaful claims in 10m - Egypt – Insurers prefer group health - Saudi Arabia – High insurance rates for drivers below 21 - Usage-based insurance of Saudi governmental cars - UAE – Positive 2018 expectations for insurance - Jordan – Health & Life insurance training - UAE – 10% insurance growth in future years - Kuwait – Contribution of insurance to the economy - Egypt – Engineering insurance premiums up 142% - Morocco – Platform for insurance complaints - Global companies to follow EU’s data protection - London’s Priorities: Regulation, Brexit, Modernization - UK - Insurer discrimination against mentally ill - Saudi Arabia – Catastrophes under comprehensive motor - 2017 catastrophes, an opportunity for reinsurers - India – Reinsurance regulations by February - JLT Re launches economic capital modelling - AIG to buy Reinsurer Validus for $5.6B - Harvey, Irma and Maria losses start to rise - Electronic distribution to grow in London - Opportunities in UN Sustainable Development Goals - Earthquake cat bond launched by World Bank - UAE – 30% maximum investment in real estate - Kuwait – Insurance Authority as a necessity - Germany - Storm Friederike insured loss at EUR 800m - California wildfire insured cost at $2.5bn - UAE - Insurers to see positive results in 2018 - Egypt - 10 goals of Insurance Federation - Egypt – Takaful premiums at EGP 3 billion in 10m - Cambodia - Program for drought insurance - Saudi Arabia – Premiums at SAR 8 bn in 3rd quarter - Kuwait – Call to establish Insurance Authority - Storm damage to cost Germany €500m - India - Foreign reinsurers to call for level playing field - Lebanon – Challenges of health insurance - Alternative capital grows 9% in 2017 - Multi-line rate hardening at 1/1 for Lloyd’s - Artificial Intelligence to replace 90% of sales staff - Alternative capital altered reinsurance - European reinsurers to show 1.5% rate increases - Lloyd’s Brussels subsidiary in January 2019 - Cyber rises to 2nd biggest global risk - Egypt – 15 licenses for digital insurance - Egypt – Insurance sector investments EGP 86bn - Egypt – Negative insurance impact of GATT - UK – Insurance and finance fraud at $2.9B - Lebanon - Insurance fraud investigation - Egypt – Need for nuclear insurance - Modest market hardening in specialty lines - 2018 to be a record year for ILS - UAE – “Unlicensed” insurance brokers - Egypt – Insuring judges during elections - Egypt – Traffic law increases insurance profits - Jordan – Health agreement for journalists - Bank of England to lighten Solvency II rules - European reinsurers meet demands for quality - Challenging renewal for retrocession - India to continue protectionist reinsurance policy - Egypt – Plan to insure ships against piracy - Egypt – Takaful sector expected to grow - Egypt – Condition for USD broker commissions - Lebanon - Banks an essential partner of insurers - China's insurance premiums up 19% - India - Cyber insurance take-up rises by 50% - Ghana - Uber Introduces Insurance for Riders - Uruguay - Insurance against lack of rain and oil prices - Abu Dhabi – Plan to cover mental illnesses - Saudi Arabia – No approval needed for health emergencies - Saudi Arabia – 60% decrease of engineering insurance - Egypt – Property insurers raise prices - Jan 1st reinsurance price increases a good start - USA – 2018 Flood Program with Private Reinsurers - Kuwait – Need for new insurance regulations - Sudan – Parliament approves insurance law - UAE – Old motor contract not valid - UAE – Contracts exempted from retroactive VAT - Egypt – Insurance financial inclusion in 2018 - Egypt – Engineering claims at EGP 164 million in 9m - Headwinds limit reinsurance pricing corrections - $12.6bn of catastrophe bonds in 2017 - Insurers keep Ethiopian Reinsurance afloat - Rate movements varied at 1/1: JLT Re - UAE – No mechanism for retroactive VAT - UAE – Health insurance covers 4.6 million persons - Egypt – EGP liberalization supports insurance - India - Amazon to invest in insurtech - Egypt – Life insurance challenges and opportunities - Algeria – 3rd motor insurance price increase - Jordan – Insurers to improve road safety - 10% of African insurers ready for risk management - Saudi Arabia – Suspension of 15 health insurers - Saudi insurers to increase saudization rate - UAE – Insurance is a winner in 2017 - UAE – Insurance mergers a strategic choice - Oman - Islamic finance knowledge held - Saudi Arabia - Security camera as a requirement - KSA – Insurance contribution to economy 1.1% - Egypt – EGP 1 billion energy premiums in 9m - Jordan – 60 age category under free healthcare - Lebanon – Call to strengthen the insurance sector - Decoupling of reinsurance pricing and risk - Price rises are more durable in primary lines - Saudi Arabia – Travel insurance provides protection - Kuwait – Call to improve insurance regulation - Europe: run-off business activity in 2018 - IFRS 17 won’t impact insurers’ ratings - Saudi Arabia - 15% discount for safe drivers - Saudi Arabia – Usage-based motor insurance soon - Lloyd’s to focus on new technologies in 2018 - European insurers well capitalized despite losses - A.M. Best affirms B+ rating of Arab Re - Saudi Arabia - Fraud caused high claim rejection ratio - Saudi Arabia – Visible guides for health insurance - A.M. Best affirms B+ rating of Arab Re - Oman - Seeking time for mandatory health - Dubai – Fines for non-renewal of health card - UAE – AED 5.3 billion motor premiums in 2017 - A.M. Best affirms B+ rating of Arab Re - UAE – Motor premium cover family members - S&P: global reinsurance rate to rise by 0%-5% - Reinsurance price increases are temporary - A.M. Best affirms B+ rating of Arab Re - UAE – Hardening reinsurance conditions - Egypt – Successful 2018 reinsurance renewals - Egypt – EGP 18 billion insurance treasury bills investment - A.M. Best affirms B+ rating of Arab Re - Dubai Chamber tackles legal aspects of claims - Lebanon – 2016 Annual Report of Insurance Sector - Negative outlook on global reinsurance market in 2018 - A.M. Best affirms B+ rating of Arab Re - Kuwait – Training program on marine insurance - Islamic insurance merger creates UAE giant - UAE – Rules on price definition and vehicle documents - A.M. Best affirms B+ rating of Arab Re - Saudi Arabia – Insurance covers influenza vaccine - UAE – Wearable technology transforms insurance - Egypt – 4 methods to limit “fire” losses - GCC - Improved profits of Islamic insurers - Saudi Arabia – 11,000 insurance complaints in 5 years - Saudi Arabia – Unified form for motor prices - Egypt – Digital insurance as major development - Saudi Arabia – Immediate action on court rulings - Dubai – Cancer to be gradually insured - Governments to drive InsurTech growth - International Supervisors tackle systemic risk - GCC Ins market at $44 billion in 2021 - Saudi Arabia – Drones to monitor traffic accidents - Tunisian insurance employee imprisoned for 50 years - Robust reinsurance renewal negotiations - Oman – OMR358m Premiums in 9 months - Oman – Preparations for compulsory health insurance - Jordan – 2018 Training plan of Insurance Federation - Reinsurance investment in InsurTech $1 billion in Q2 - Bahrain – Insurers to assess 90% of accidents - Oman – Executive training of 25 employees - Egypt – Premiums down due to low awareness - Egypt – Dealing with African reinsurers - Fitch remains negative on reinsurance - Moody’s stable on global reinsurers - Tunisia – 90% of motorcycles uninsured - Tunisia – Toward an anti-fraud agency - 3 cancers to be covered in Dubai - UAE – confusion about Value Added Tax - Saudi Arabia – SAR 6 billion claims in 3 months - Bahrain Kuwait Insurance to raise capital - UK – Premium discount for self-driving vehicles - Egypt – EGP 8.8 billion insurance claims in 9m - Hurricane Maria estimates reduced to $27-$48 billion - Reinsurance rate hikes at 1/1 renewals - Egypt – Death to weather is covered - After losses, insurers to use more reinsurance - Third-party capital willing to reload - Counterparty diversification affects loss level - Saudi Arabia – High motor deductibles - Saudi Arabia – retroactive effect of VAT - UAE – Health insurance with low benefits - Kuwait – Gulf insurance wins CII agreement - UAE – Adoption of new insurance law - Saudi Arabia – Insurers plan mergers - Egypt – Financial Authority consults Chinese regulator - Lloyd’s: competitors seem to be governments - Abu Dhabi - Daman signs a fintech deal - Merger of Solidarity and Al Ahlia complete - UAE – New reinsurance regulations - Egypt – Insurers to adopt digital system - CVS Health to acquire Aetna for $69 billion - Global banks face significant cyber threat - Egypt – EGP 22 billion insurance premiums - Egypt – Awareness campaign of insurance federation - Egypt – Absence of health insurance legislation - Algeria – Electronic payment of premiums - UK government approves ILS regulations - Catastrophes highlight protection gap - Egypt – Federation supports private health role - Morocco – Fake accidents raise insurance concerns - UAE – IAIS conference in 2019 - UAE – Investm