Arab Reinsurance Company: a new dimension
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Dubai – Neuron to provide health ins. to citizens - Egypt – Credit rating a condition for ins. Growth - Egypt – 4 Axes for the new insurance law - Egypt – Insurers to invest EGP 150 billion in 4 years - Industry cat losses at $71.5bn for 2018 - Limited room for reinsurance rates to decline further - Catastrophes leads buyers to rethink reinsurance - Ongoing Brexit uncertainty for London ins. Market - Rates diverge between loss-affected accounts at 1/1 - P&C reserve development risk to increase - Retro re-pricing to drive higher costs later in 2019 - UAE – New regulations for electronic insurance - Reinsurance rates increase by 1.1% at Jan renewals - Global reinsurance capital resilient - Reinsurance demand to boost brokers’ revenues - European reinsurers to maintain stable pricing - UAE - New life ins. starting at AED 3 per day - UAE – 3 phases to implement IFRS 17 by 2020 - UAE – Tough conditions to insure “bad” drivers - Chinese insurers' assets at USD 2.65 trillion - Reinsurance rates to improve through mid-year 2019 - Interesting 1/1 dynamics to continue into April - ACORD eyes more robust digital standards - Florida - Insured Michael losses at $4.9bn - Egypt – Compulsory life ins. for microfinance customers - Stable outlook for Asia Pacific ins. industry: Moody’s - Government drive to boost takaful in Malaysia - Impact of Indonesian tsunami on insurers to be minor - 5th Saudi Insurance Symposium 2019 - Dubai - Woman uses friend's ins. for child's therapy - UAE leads Mena startups - UAE - Etisalat to adopt Artificial Intelligence and blockchain - Bahrain FinTech Bay to host InsurByte conference - Dubai Intl Financial Centre plans expansion - Tunisia – Investigation results of the “Ulysse” ship collision - Kuwait - Credit Information Exchange Bill - UAE - Emergency Travel Assistance Ins. Contract - Egypt – 21 licenses for the electronic ins. Issuance - Jordan – Training on anti-money laundering in ins. - Pricing gap emerges in 2019 reinsurance renewals - AIG and Democrance Partner for digital insurance - UAE – Insurers warned against delayed approvals - UAE – Motor ins. according to Kilometers soon - Online insurance platforms could hurt competition - UAE – Motor ins. prices decrease by 18% in 2018 - UAE – The technology and skills needed in the future - Price optimisation to face closer scrutiny - The renewal wasn’t flat (or down) for everyone - Kuwait – Weakness of life market - Bermuda - ILS listings exceed $30bn for first time - The struggle continues for hedge fund reinsurers - Bahrain - Major VAT issues probed - Reinsurance rates flat to down at renewal - Global reinsurance capital hits $348bn - ILS market ends 2018 at new record size - Egypt – Ins. Federation examines actuarial future - UAE – AED 50 billion of ins. premiums expected in 2018 - Saudi Arabia – New Merger & Acquisition insurance operation - Saudi Arabia - 18,739 complaints about health insurance - Saudi Arabia - Tawuniya inaugurates first ins. sales academy - Kuwait - Insurance firm must pay complete compensation - UAE - Cardless cash withdrawal via mobile banking app - Egypt - 20 e-government services to be provided in 2019 - $878,000 reward to uncover cryptocurrency’s vulnerabilities - Oman – Ins. investments exceed 621 million Rials - UK: Ins. fraud - 3 men guilty of murdering 5 persons - Does the Saudi market attract foreign insurers? -