Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
UAE - AED 1.1 billion profits of 20 insurers - Oman – Agreement between Capital Market Authority and IAIS - Saudi Arabia - SMS notifications update health ins. Status - Jordan – Health premiums reached JOD 168.9m in 207 - Saudi Arabia - Health ins. to all citizens in 5 years - Saudi Arabia - Civil Defense and "Najm" cooperate on Nat Cat damage - The Egyptian Health Care Company started its activities - Mr. Bachir Baddou in the executive committee of GFIA - 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 -