Mr. Mohammed Hammoud, Head of Technical, “Improving underwriting conditions has positive returns”
Mr. Mohammed Hammoud confirmed that the Arab Reinsurance Company is effectively expanding into new markets and new reinsurance lines such as life reinsurance despite the current challenges of operating in Arab markets. Therefore, it adopted a powerful strategy to strengthen business relations with its partners including insurance companies and brokers.
Moreover, Mr. Hammoud shed light on the essential role of digital insurance and the revolution that it will trigger confirming that Arab Reinsurance Company is monitoring this development even though the effective implementation of digital insurance on a large scale did not start yet.
Furthermore, he indicated that insurance supervisory and regulatory authorities have been continuously improving and controlling insurance performance in most Arab countries noting also that these countries are also keen on nurturing insurance talent, increasing insurance awareness and providing appropriate covers to the market.
Finally, Mr. Hammoud addressed the financial strength rating of Arab Re, which it maintained at B+, the ongoing improvement of underwriting, and boosting the quality of its human resources in order to provide the best services to customers.
Al Mal Wal Alam magazine, April-May 2018, Number 310, Page 33