Arab Reinsurance Company: a new dimension
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Ras Al Khaimah launches affordable health insurance - UAE – 20% insurance growth in 2017 - Bahrain – Health Insurance Scheme Forum - Losses unlikely to harden reinsurance market - M&A Insurers underperformed in 2016 - InsurTech remains attracted to P&C - Insurtech firms become MGAs - Firms don’t insure data assets - Saudi Arabia – Saudization of 65% of jobs - Saudi bourse up due to insurance - Sudan – Debate about insurance law - Resilience bonds can help public sector - Saudi Arabia – Health Insurance Caravan in Jeddah - Saudi Arabia – Potential insurance mergers - UAE – Licensing mechanism for “consultants” - Jordan – Incentives for insurance mergers - Reinsurance rate increases at 1/1 - 99% of Dubai residents have health insurance - UAE – Amendments to brokerage rules - Saudi Arabia – No new insurance law - Bahrain – Unified comprehensive motor contract - Bahrain – Compulsory health to reach 35% of premiums - UAE – Will fire insurance become compulsory? - 4 million Algerians waiting for claims - UK brokers to focus on insurtech in 2018 - ILS an integral part of the system - Bermudian market hurricanes loss: $25 billion - Lloyd’s signs artificial intelligence deal - UAE – 6892 insurance complaints in 8 months - Egypt – A database for insurance branches - Advocating the launch of a GCC reinsurer - Global cyber losses could reach $6 trillion - Saudi Arabia -Tougher rules for insurers - SAMA suspends 9 insurance brokers - UAE - No plan to raise required insurance capital - Oman moves to mandatory health insurance - Egypt – Financial supervisor to promote insurance - Egypt – EGP 2.3 billion Takaful premiums in 7m - Egypt – Insurance of museums - Saudi Arabia – Enforced cover for 12 health benefits - Saudi Arabia – SAR 159 billion premiums in 5 years - Saudization of insurance sales jobs - UAE – Emiratization system in year 2018 - Jordan – Journalists order reviews health insurance - Egypt – EGP 6 billion claims by end of July - Expectation of higher reinsurance rates is rising - Equilibrium between ILS and reinsurance - Lloyd’s Chairman calls for innovation - Saudi Arabia – 10 days to fix health insurance - Saudi Arabia – Saudization of insurance sales jobs - Saudi Arabia – Insurance prices declines by 37% - Egypt – Heavy rain insurance contract - India - raising $1.7 billion from state-run reinsurer - Insurer warns of dangerous Libyan waters - How insurers are minimizing cyber losses - Cyber insurance comparison engine - European insurance sector M&A to diminish - Lloyd’s uncertain on Maria losses - ILS market falls to -0.34% August loss - Driver Concerns over Autonomous Vehicles - UAE – Insurers should pay ambulance fees - UAE – A new start for the insurance sector - UAE – Insurance of addiction treatment - Reinsurers urged to investigate cedants - Reinsurers 2017 earnings to fall 80% - Reinsurers’ earnings based on “luck” - Jordan – Travel insurance contract - Jordan – Insurance Training on financial crimes - Egypt – Insurance represents 1% of GDP - Jordan – Law to regulate insurers - UAE – Insurers to adopt IFRS 17 - UAE – Committee to settle insurance disputes - Reinsurance rate rises for 2018, but not enough - Rated European reinsurers show resilience - Hurricane Maria a $30bn insurance loss - Saudi Arabia – Health facilities outside insurance - Cyber data can empower underwriters - Global cyber premiums to increase eightfold - Underwriters to be part actuary, part data scientist - Warren Buffett to invest in India’s reinsurance market - Egypt - Takaful claims at EGP 463 million in H1 - Maria turns 2017 cat losses into a capital event - Bermudian reinsurers: $73 billion to EU customers in 20 yrs - Fairness of EU-US reinsurance deal - Reinsurance rate rises likely? - Egypt – Interest rates more attractive than stocks - Egypt – Insurance tackles cyber attacks - Jordan – Training “Financials for non-finance people” - Egypt – Aviation premiums EGP 272.6 million H1 - UAE – Old vehicles are not insured - Oman – Restructuring of insurers - Algeria – Call to reinsure oil on an Arab level - A.M.Best - MENA Insurance Briefing - International insurers move toward UAE - UAE – 15 challenges for the health sector - Oman - Health insurance forum - U.S. and EU agreement on reinsurance - No insurance rating weakening for hurricane Irma - Convergence capacity continues to grow - Reinsurers at risk from the next hurricane - Egypt – Contracts adequately covering terrorism - Egypt – H1 Takaful premiums EGP 2.1 billion - Pricing won’t improve until alternative capital retreats - Reinsurance important for longevity transfer - Harvey & Irma could strain reinsurers - Insurance returns could be lower than anticipated - ILS important protection gap solution - London to remain a global insurance hub - Reinsurers should tap alternative capital - Oman – OR 361 million national investments - Kuwait – New categories in retirees’ health insurance - UAE – Bancassurance law finalized - Jordan – “Medical malpractice” to benefit insurers - Gulf – 4 requirements to nationalize reinsurance - Saudi Arabia – Insurance requirements outside commercial registry - Egypt – 200,000 insured members of pharmacies - 4500 new insurance jobs for Saudis - Lack of capacity and demand in terror market - For reinsurance buyers, size isn’t everything - Post-event opportunities for ILS - Egypt – Insurance to cope with natural risks - Kenya - Increasing insurance penetration to 6% by 2020 - Reinsurers continue to pullback on P&C lines - Munich Re warns of Q3 loss on Harvey & Irma - Egypt – Creating a database serving insurance - Hurricane Irma economic losses $58 – $83 billion - ReinsurTech to help reinsurers compete - Oman – Introducing agricultural insurance contract - Abu Dhabi - Dh14.7b in FDI in financial sector - Egypt – EGP 55 billion insurance investments - Cyber probably not insurable - Artificial Intelligence to close protection gap - Sharjah Police ease insurance services - Jordan – Electronic payment of tax - Egypt – Requirements of microinsurance - Reinsurance pricing may stabilize - Opportunity for reinsurance to shine - Situation in reinsurance markets unsustainable - Reinsurance blockchain prototype launched - Expect ILS sector to be larger post-event - Alternative reinsurance capital nears $90bn - Reinsurers offset sluggish market with M&As - Opportunities exist for reinsurers to adapt - Irma insured losses could reach USD 75 billion - UAE - Falling short on insuring family - 5% price reductions at Jan 2018 renewals - Reinsurer RoE’s drop again - Irma & Harvey, just an earnings event - Reinsurance rates to decline in 2018 - Challenges & uncertainty persist in reinsurance - Reinsurers near cost-of-capital - UAE – Regulator supervises investment distribution - UAE – E-system for insurance Emiratization - Egypt – EGP 17 billion premiums in 6 months - Bermudian reinsurers concern in wake of Harvey - NAIC’s model to improve cyber risk management - UAE – Exchange rate reinforces insurance profits - UAE – Fire insurance includes alternative housing - Egypt – Credit risk attracts insurance sector - Cat bond 12 month issuance hits $13.5bn - Saudi Arabia – Telematics to help price motor insurance - Long-term reinsurtech success - Harvey economic loss could be up to $75bn - ILS to narrow the flood protection gap - Oman – Insurance training efforts to raise omanization - Oman – Tackling health insurance pricing - Harvey to slash European reinsurers’ income by 1/3 - Harvey may stabilize pricing - “Harvey” a top 10 most costly hurricane in history - Cat bond market drops on Harvey - Ireland – Prison sentences for insurance fraud - Egypt – Insurance can protect the fans of clubs - Saudi Arabia – Insurance capitals down by SAR 2 billions - UAE – Strong growth of the insurance sector - Kuwait – Committee to settle insurance disputes - Egypt – No formal entity for brokers - Italy - Insured Losses of 2016’s Quake $127.4M - UK - insurers to raise premiums to offset inflation - Germany Pioneers Ethics of Driverless Cars - Market challenges weigh on Saudi healthcare firms - Sixth successive January renewal of price declines - Jordan – Dental Association to issue health card - Egypt – Insurance Federation to meet 7 ministries - Cyber insurance rates decline - Middle East – Travel insurance strengthens growth - UAE – 43% increase in insurance complaints - Bahrain – BD 272 million premiums in 2016 - Sixth successive January renewal of price declines - Oman – 5 insurers control 60% of premiums - Saudi Arabia – Raising allowed age of insurance trainees - $6.3bn cat bond loss for Andrew-like hurricane - Declining reserves denting the earnings of global P&C - UAE - Motor premiums to shoot up under VAT - UAE – Insurance difficulties in asset distribution - 25 Saudi Insurers Achieve Profit Growth in H1 2017 - Bahrain – BD 6.33 million profits of listed insurers - H1 2017 insured disaster losses $23bn - Saudi Arabia – Suspension of 7 insurance liberal job companies - Saudi Arabia – Compulsory motor insurance commission change - UAE – 34.2% growth in H1 profits of 28 insurers - Global commercial rates continue to decline - European reinsurers still don’t compete on price - Bermuda reinsurance strategy: primary rises - Can “little better than break-even” be sustained? - Jordan – War and political violence insurance training - Egypt – Help international insurers to return - Egypt – EGP 5 billion increase in insured properties - Tunisia – Money Laundering in capitalization and life insurance - Egypt – EGP 1.6 billion Takaful premiums in 5 months - Malaysia – No part of medical expenses for insurance bodies - Catastrophe exposure rising, soft market bites - S&P predicts continued profits in life reinsurance - Saudi Arabia – Training program for insurance professionals - UAE – No discrimination based on driving license - Jordan – Plans of insurers to raise solvency margins - Egypt – Prison sentences for fake funerals - Saudi Arabia – Travel insurance 0.3% of premiums - UAE – Premiums of 15 insurers jump by 21% - Jordan – Investment in insurance increases by 19% - Egypt launches state-run takaful firm - Hurricane Andrew today would cause $60 billion losses - UAE – Health insurance prices are appropriate - Egypt – Kotb withdraws his federation presidency candidacy - Opinions differ on the ILS secondary market - Global Insurance M&A in H1 Drops - UK - Demand for general insurance to slow - LatAm reinsurers challenged by shrinking profits - UK - pension risk transfer: £700 billion by 2032 - Saudi Arabia – 3 days for premium refund of canceled contracts - Saudi Arabia – Health Insurance Awareness Caravan - Jordan – Profits of 24 insurers down by 86.4% - Automation helping insurance margins - Egypt – Loss ratio decreases to 32% by end of May - Asian catastrophe losses highlight protection gap - Investment oriented reinsurer best when sponsored - ILS will continue to grow to new heights - Slowdown in GCC Takaful sector expected - Saudi Arabia – Mergers of 4 insurers under study - Jordan – Al Wazni: Insurers to adopt risk management - Morocco – Price war in motor insurance - Saudi Arabia – 90% of insureds got motor discounts - UAE – Repeated fires increase insurance prices - UAE – Insurance will cover weddings - UAE – No health insurance for psychiatric patients - Turkish storm & flood losses rise to $440m - Saudis control 14 financial activities - More positives than negatives in life reinsurance - Asia - M&A for foreign diversification - Kuwait – Final Draft of New Insurance Law - Egypt – 3 presidency candidates at Insurance Federation - Softening & expansion of terms in energy insurance - Reinsurers’ reserves strong, but releases “unsustainable” - Jordan – Fines decrease motor insurance losses - Big data to transform consumer proposition - Chaotic insurance middle for autonomous vehicles - Alternative capital as driver of reinsurance M&A - Turkey - storms & floods to cost US$200m - Jordan – Motor insurance claims up by 10% - Egypt – EGP 14.4 billion premiums until May - Egypt – 102 examinations of insurers in 6 months - Saudi Arabia – 15% discount for safe drivers - Kuwait – 400% increase in motor insurance rates - Egypt – Insurance agreement with Islamic Finance Association - Economy to drive Asia reinsurance demand - Saudi Arabia – Exclusions refrain physicians - Saudi Arabia - New centers for motor accident evaluation - UAE – Insurance cover at retail shops - UAE – Motor insurance pricing manipulated - Turkey – Insurers affected by 2nd Major Storm - UAE – Taxes and compulsory health raise inflation - Africa to be a leader in digital insurance - ILS reaches critical juncture in Q2 - Dubai – “Damani” to ease health procedures - Lower commissions hindering broker growth - Cat bond growth meant reinsurance demand flat - Collaboration between insurers & cyber modellers - UAE – Insurance neglects troubles with garages - Oman – English version of insurance regulations - Egypt – Overcoming fake motor insurance - InsurTech to disrupt distribution & impact rates - Saudi Arabia – Health insurance covers 12.3 million insureds - Insurance Europe supports sustainable finance goals - India – Reinsurers’ interest in crop scheme dampens- - Electric grid risks need risk transfer - Saudi Arabia – Motor insurers compelled to offer discounts - Collateralized reinsurance drives capital growth - InsurTech spending up 248% to near $1 billion - Oman - Takaful share in premium grows to 9.3% - Egypt – Prices of motor spare parts up by 70% - UAE – 6 cases exempt motor indemnifications - UAE – Chronic diseases are not insured - Oman – Insurance supports development - Insurers application of InsurTech growing - ILS growth strong but one-dimensional - ILS cyber opportunity needs modelling - UK & Germany to reduce protection gap - Saudi Arabia – Insurers expand cover exclusions - Reinsurance to improve resilience in poor countries - UK ILS rules published - Convective storms drive 78% of H1 2017 global cat loss - Kuwait – “Afiya” extended 6 months until April 2018 - Kuwait – Authority to solve insurance problems - Jordan – Health premiums at JOD 171.5 million in 2016 - Lloyd’s to allow capital to flow in more quickly - FAIR to hold 25th conference in Bahrain - Alternative capital hits $86bn - Cyber loss could equal nat cat - First-half natural catastrophes below average - Lebanon - El Habbal announces progress during oil seminar - UAE – 7 criteria to determine car repair cost - UAE – Maximum deductibles of motor contracts - Little hope of a near-term bottoming for reinsurance cycle - Saudi Arabia – Privatizing health according to vision 2030 - UAE – Applying maximum prices on driver categories - Oman – 3 insurers set to go public - Egypt – Insurance serves the economy - Saudi Arabia – Premiums at SAR 11.4 billion in 90 days - UAE – 7 challenges facing Takaful locally - Lebanon 62nd insurance market in the world - Alternative capital increases commercial insurance share - Jordan – Training program about health insurance - ILS terms & conditions converged with traditional business - P&C to deteriorate until 2020 - European cyber demand to grow - Saudi Arabia – Travel insurance as a condition for Schengen area - UAE – Most hospitals refuse “ID” for treatment - UAE – Replacement car without extra-premium - 17% of Iraqis are covered by insurance - Oman – Continued efforts to hold insurance trainings - UAE – Amendment to minimum capital regulation - Lebanon – Launch of the 2025 health strategy - Egypt – Raising interest rates slows insurance growth - Takaful market at USD 23 billion in 2016 - Dubai Health Authority: 70 monthly complaints from insured - Egypt – Violating insurers won’t issue electronic contracts - Reinsurers’ betting on benign loss year - Saudi Arabia – Insurers ready to implement Saudization - Saudi Arabia – Transforming government hospitals into companies - Dubai Health Authority to launch e-medical system - Dubai - 40 medical and insurance violations - UAE – Support to replace health card by “identity card” - Days of Cyber Insurers Avoiding Costly Claims May Be Numbered - 2017 cat bond issuance hits $10 billion - G20 to act on climate insurance & risk transfer - Egypt – Insurance overcomes fuel prices and value-added tax - Mauritania – Every insurer to deposit 300 million Ouguiyas - Lloyd's to introduce satellite imagery - Cyber market to absorb excess capacity - Saudi Arabia – Competition decreases motor insurance prices - Saudi Arabia – Education insurance prices linked to medical disclosure - UAE – AED 161 billion insurance investments during 4 years - Kuwait – Fires will increase reinsurance prices - UAE – Special diploma in bancassurance - Saudi Arabia – Conflict in the number of expatriates’ dependents - Egypt – Lower oil subsidies to impact insurance - Egypt – Strengthening of EGP will decrease prices - Saudi Arabia – Insurers rush to employ Saudis - Ahlia and Vision will offer shares in Muscat exchange - Egypt – Premiums at EGP 20 billion in 2016/2017 - Egypt – 164 insurance complaints in 5 months - Saudi Arabia – Closure penalty for non-saudization - UAE – Increased prices facing higher motor accidents - UAE – AED 2.1 billion insurance administrative expenses in 2016 - Kuwait – Price war among insurance companies - UAE – AED 1.58 billion insurance stocks’ gains in H1 - UAE – Boom in construction insurance by 20% - UK’s regulator warns on price discipline - Five non-life insurers to close in Phillipines - UAE – 3 Insurance Brokers suspended - Bank Al-Maghrib confirms the solvency of insurers - Insurtech impacting revenues of insurers - More frequent losses due to changing climate - Saudi Arabia – SAR 112 billion insurance claims in 8 years - UAE – Health and motor insurance grow by 20% - Britain to be centre for insurance-linked securities - Reputational risk from cyber kills businesses - Saudi Arabia – Regulatory reports every 3 months on training - UAE – Foreign ownership helps promote insurance - Reinsurers ask EU for mutual access with Britain - Insurtech adoption jumps - Al Sagr Cooperative Insurance Company announces the Chairman of Board of Directors - Aviva appoints new executive board member - Chaucer launches new company in Ireland to write international specialty business - Merger memorandum between Gulf Union Coop. Ins. Co. & Al Ahlia Coop. Ins. Co. - Standard & Poor's confirms Qatar Insurance's credit rating - Renewable energy risks an opportunity for parametric triggers: Swiss Re - UK government promises legislation to reduce motor premium - SCOR enters US medical reinsurance market - Middle East earthquake risk model released, with Lloyd’s backing - Al Ahlia will announce the launch of 25% of its shares for public subscription - Arch Re appoints François Dagneau as CEO of Canada branch - UK - Motor insurance £3.5bn hit from discount rate - Artificial Intelligence to impact the Insurance Industry - Ghana - If insurance sector fails, the economy will fail - Multinational Blockchain Insurance Test - Saudi Arabia – Saudization of motor claims management - UAE – 50.7% increase in insurance complaints - Kuwait – KD 10 monthly for expatriate health insurance - India - GIC to launch $1.44 billion IPO - Succession of large losses a major test for ILS - Reputational damage from cyber keeps insurers awake - Insuring non-damage business interruption from terrorism - Brokerage the most attractive insurance subsector - Ignoring emerging risks is not an option - Indonesia’s exposure growth outpacing insurance growth - Record cat bond year to hit catastrophe pricing - Regulation and analytics can help cyber ILS - Lebanon – Deal of Insurance Commission and Capital Markets Authority - Saudi Arabia – Insurance mergers to limit losses - Egypt – Life insurers pay EGP 5.4 billion as claims - Mid-year reinsurance renewals better than June 1st - UAE – Timeframe to start fixing cars - Kuwait Federation calls for independent regulator - Muscat Securities Market expects insurers to join - M&A and share buybacks on the rise in Europe - Kuwait – Premiums to increase by 30% in 2017 - Kuwait – Health insurance not licensed under life - Oman – Insurance products regulations - Egypt – Facing the exchange rate shock with premium increases - Bahrain – Insurance will benefit from traffic law - No sign reinsurance pricing will bounce back quickly - Reinsurers face losses from South Africa - 1st Reinsurance Product Heads to Blockchain - Reinsurer ROEs to diminish regardless of loss activity - Indian regulator sets up a reinsurance committee - Risk management under budget pressure - Taiwan to expand agricultural insurance - $1.5tr of US properties at risk of hurricanes - World Bank pandemic cat bonds launched - More pension funds invest in ILS - UK - Brokers risk being cut off the EU market - Half of premiums ceded in UAE - Egypt – Difficulties with motor reinsurers - India - Termination of actuary membership for wrongdoings - Insurers need proactive cyber development - Egypt – Takaful premiums at EGP 743.5 million in Q1 - InsurLab Germany to promote Insurtech - Compulsory insurance for travelers to Thailand - 99% chance of losing your job to a robot - Oman - premiums rise 3% to $350mln in Q1 - UAE- Insurance Authority wins two awards - UAE – 11 new companies in insurance field - Jordan – Suspension of housemaid insurance contract - Saudi Arabia – Motor premiums decrease by 3.2% in Q1 - Reinsurance Rates fall up to 10% at June 1st - Third-party capital committee at Lloyd’s - Marsh introduces aircraft financing product - Value Added Tax a challenge for GCC Insurers - Saudi Arabia – Health insurance covers 38% of population - Cat bond issuance reaches $8.15bn in 2017 - IFRS 17 may cost £2bn in the UK - Dubai – Establishment of ReTakaful company studied - Egypt – EGP 8.2 billion premiums in Q1 2017 - ILS issuance reaches new Q1 record high - Dubai unveils smart city accelerator - Morocco – Results of insurance mediation authority - Oman – Insurance assets at 856.4 million rials - Egypt – 99% of government assets uninsured - Reinsurance agreement between EU and US - Children of Saudi woman excluded from health insurance - Egypt – No insurance against cyber attacks - Egypt – Increasing interest rate positive for investment - Egypt – Raising compensation of compulsory motor? - Egypt – Insurance Awareness campaign at universities - Egypt fourth Arab brokerage market - Small cars are the most dangerous - Insurers face large fines under EU data law - Saudi Arabia – No plans to unify insurance prices - Challenges continue for the U.S. P&C market - Insurance challenges and opportunities of the future - Alternative capital competition to offset life hardening - Saudi Arabia – Complaints directly linked to “SAMA” - Europe - Insurers at risk under data protection laws - EU insurers' watchdog to issue Brexit guidance - UK - Half of citizens victims of a cyber attack - Gulf insurers drawn to bonds - Saudi Arabia – Target Saudization of 65% of insurance jobs - 424 companies in insurance sector in Dubai - Artificial Intelligence to automate insurance receivables - 700 career opportunities at Saudi insurers - UAE – Insurance to pay for ambulance services - UAE – Summit of Islamic Financial Services Board - UAE - Youth enterprise insurance council launched - UAE – Strategic Plan of the Insurance Authority - UAE – Motor insurance pricing review every 3 months - Egypt – January 2011 claims, achievement of Federation - Many African insurers lack stability - UAE – No insurance for buildings without prevention - UAE – 1845 motor claims during Ramadan 2016 - Sudan – USD 450 million insurance premiums in 2016 - Egypt – Minister encourages insurance mobile apps - UAE – Fire insurance prices decrease by 15% - Insurance business for autonomous vehicles - Cat bond returns up year-on-year to 31st March - US - Cyber cover limit doubles - Saudi health insurers insure 2.5 citizens - Qatar – Precautions of insurers against electronic challenges - IFRS 17 biggest shake up of insurance reporting - Reinsurance buying driven by expansion into new lines - Non-Saudi wife excluded from compulsory insurance - UAE – Profits of insurers keep improving - Bahrain – Insuring the liability of engineering companies - Egypt has least number of compulsory lines - Saudi Arabia – 137 governmental hospitals part of insurance - Saudi Arabia – Insurance abuse costs millions of Riyals - UAE – 37% participation of citizens in insurance training - Egypt – 20% growth of Takaful - Saudization of insurance sector exceeds 60% - Rate reductions shrink in aviation insurance - Reinsurance pricing won’t turn this year - Global Cyber Attack Disabled by Specialists - Qatar – Insurance profits decrease by 6% in Q1 - Kuwait – Traffic law changes harm insurance - Bahrain – Takaful sector faces limited Sukuk market - Bahrain – Reform to insurance capital requirements - Saudi Arabia – Insurance profits at SAR 406 million in Q1 - UAE – Skyscrapers’ fires raise insurance costs - 4.5 million covered by health insurance in Dubai - Insurance to Overtake Banking in Switzerland - Insurance not serving $11 trillion aging market - UK – Looming storm in insurance industry - “Cracks” beginning to appear in reinsurance market - Insurers face cyber aggregation - Saudi Arabia – Health Council attracts insurance stakeholders - UAE – Mergers to help Takaful overcome challenges - Egypt – Microinsurance protects the vulnerable - UK - mortality trends to drive reserve releases - Saudi Arabia – Insurers offer 40% discount on motor - UAE – AED 40 billion insurance investments - Qatar – Complaints about comprehensive motor prices - Reserve release potential drying up for reinsurers - Saudi Arabia – Motor insurance is costly - UAE – Motor insurance prices decrease by 12.5% - Oman – OR 42 million Takaful market in 2016 - Tunisia – New compulsory motor tariff - Reinsurance rates stay flat in India - Russian national reinsurer receives AAA rating - Cyclone Debbie to impact reinsurance pricing - Disconnect between cyber & property risk management - Fintech investment in Asia drops dramatically - Samsung to test self-driving cars - State Farm to shut 11 facilities – 4200 workers affected - ILS pricing lows to cap post-event reinsurance price rises - Saudi Arabia – Allowing insurers to invest in Sukuks - Saudi Arabia – Financial sector development program - Greater insurer digitization drives growth - Disruption to $100 billion insurance sector - UAE – Mergers solution to a saturated market - UAE – 35% Insurance profit growth expected in 2017 - Lebanon – Insurance digitalization conference - Egypt – 65 brokerage companies in Q1 - Saudi Arabia – Insurance growth a sustainability challenge - UAE – Maximum life and Takaful commission - UAE – 2019 conference of insurance supervisors - Insurtech funding drops 64% YOY in Q1 - Saudi Arabia – Large mergers among 34 insurers - Kuwait – Insurance premiums increase by 7.4% - Oman – New regulations for insurance intermediaries - Non-life insurers’ investment income to drop in 2017 - Saudi Arabia – Health insurance proposal for citizens - UAE – Preterm infants not covered by insurance - Lebanon – Insurance Control Commission issues penalties - Low interest rates raise insurance insolvency risk - Saudi Arabia – 30 experts to study insurance challenges - UAE – New life insurance regulations - Commercial brokers need to rethink strategy - Rates won’t drop in immature cyber market - Saudi Arabia – SAR 2 billion insurance profits in 2016 - UAE – AED 531 million gains of listed insurers - UAE – Challenges of reinsurers - UK - 2,000 risk management jobs threatened - Qatar – Insurance sector to boost traffic awareness - Qatar – Team to tackle the insurance sector challenges - 70% of overall Hurricane Matthew loss uninsured - Solvency 2 - Insurance marginalised by investors - Q1 insured catastrophe losses at $10 billion - Insurers’ tech spending USD 185 billion in 2017 - EU Insurers dependent on European reinsurance - Cyber insurance as standalone line - Saudi Arabia – 40% effect of fraud on insurance prices - UAE – Effect of motor insurance contract on profits - UAE – Prices will increase with value added tax - Egypt – Underwriting committee reprices health - Saudi Arabia – 32 thousand companies adopt health insurance - Qatar – Improving relationship between insurers and customers - Reinsurance rates to drop at June & July renewals - Underlying results of reinsurers bleaker than reported - Human Resources key to development of Saudi insurance - Egypt – Insurance digital strategy in next period - Algeria – Insurance premiums at 134 billion Dinars in 2016 - Global insurance industry tipped for growth - Saudi Arabia – News insurance policy for engineers - Egypt – Database started for 8 million vehicles - Oman – Training about insurance marketing - Rise of insurance robots is “coming quickly" - Saudi Arabia – 42 thousand unified health insurance contracts - Katrina type loss would deplete reinsurance earnings - USA - Reinsurance prices to stabilize homeowners rates - Japan sees single-digit rate reductions in April renewals - Bahrain - BIBF Launches an Insurance Simulation Course - Saudi Arabia – Insurance profits increase by 157% - Qatar – “Central Bank” regulates motor insurance - Kuwait – “Ministry” linked electronically to insurance sector - GCC – Compulsory health insurance stimulates investments - UAE – Number of brokerage companies reaches 156 - Kuwait – Housewives under retirees’ health insurance - Egypt – Solutions to limit motor insurance losses - Iraq – Insuring banking ATMs - Egypt – Expectations of insurance price increases - Insurers embrace Artificial Intelligence - Cat bond market hits record at $27.7bn - Saudi Arabia – 12 million under unified health insurance - 42% share of UAE in regional family Takaful - Reinsurers deriving benefits from alternative capital - Regulator launches 2017 UK insurance stress test - Saudi Arabia – Number of insured against medical practice up by 34% - UAE – 8.3% share of Takaful in insurance premiums - Egypt – Insurers limit health business - Profits plunge at world's biggest reinsurers in 2016 - European insurance M&A activity slows in 2016 - Fitch sees barriers to international insurance regulation - Saudi Arabia – Insurance on all vehicles will be enforced - UAE – Customers refuse high motor insurance prices - Saudi Arabia – Wrong accident assessment causes SAR 8 billion losses - Saudi Arabia – Health council enforces psychiatric treatment - Oman – Motor claims exceed OR 100 million in 2016 - Kuwait will set minimum capital of insurer at KD 15 millions - Saudi Arabia – 4 mistakes eliminate motor insurance discounts - Egypt – EGP 54 million insurance activity deficit - Energy insurance pricing faces difficulties - Alternative capital hits $81bn - Egypt – Health insurance Law threatens portfolios of insurers - Saudi Monetary Authority monitors insurance prices - UAE – Guarantee fund to protect policyholders - UAE – 50% growth in aviation insurance premiums - Saudi Arabia – One audit firm controls 57% of insurance - Ernst & Young: Insurance Opportunities in the Middle East - UAE – Customers request insurance price decreases - UAE – Complaint about maximum limit in real estate - Insurance Digitalization Seminar Beirut 3-4 May 2017 - Arab Insurance Premiums at USD 35 billion in 2016 - Preparing Saudi accountants to audit insurers - Algeria – All insurers to allow electronic payments - Saudi Arabia – Health Insurance Council monitors 15 violations - UAE – Insurance Authority to expand initiatives - Reinsurance rate decline slows further in April - ILS markets maintain aggressive posture - Saudi Arabia – Unified motor insurance database - UAE – Different increases on motor insurance prices - Oman – Insurance training programs “Tamkeen 2017” - Insurance has been slow to adapt to technology - Saudi Arabia – Insurance coverage of autism enforced - Saudi Arabia – The contracting sector addresses insurance - Comprehensive health insurance for Kuwaitis - Artificial Intelligence and Internet of Things in insurance - Saudi Arabia – Closure for insurers that stop motor discounts - Lloyd’s confirms Brussels as its new EU hub - It’s high time Asia adopts telematics - Bermuda reinsurance market returns hit five-year low - Saudi Arabia – Raising saudization in the insurance sector - UAE – AED 626 million insurance profits distributed - Qatar – QR 11.8 billion insurance premiums in 2016 - Europe – Operating insurance environment deteriorates in 2017 - Saudi Arabia – Insurance on all residents - Dubai - 4.3 million health insurance beneficiaries - Qatar – Liquidation of national health insurer “Seha” - Profits of Kuwaiti insurance sector up by 0.11% in Q4 - Saudi Arabia – Insurance discounts start for prudent cars - Kuwait – Immediate indemnity opens door to abuse - Oman – OR 362 million insurance investments in 2016 - Egypt – Health premiums up to EGP 1.1 billion in 2016 - UAE – Effects of valued added tax on insurance - Egypt – Changes to insurance accounting guide - Qatar – Identity card limits health insurance abuse - Saudi Arabia – Fixing insured government vehicles - Cost of volcanic eruptions for cities up to $30bn - Insurers struggle to attract technological talent - UK - Robots Could Steal 32% of financial Jobs - Kuwait – Afia helped the government save millions - Half of Global Insurance Growth Tied to China - Large US cedants shrink reinsurance panels - Germany - Big four cedants boost reinsurance growth - UK SME’s grow cyber protection but coverage still low - UAE - Licensing and Registering of Actuaries - UAE – Mergers to create competitive insurers - Bahrain Institute of Finance launches insurance programs - Reinsurance cycle set to change given pressures - Egypt – EGP 57 billion insurance investments in 2015-2016 - Insurance M&As fall to lowest total since 2013 - Bank of England to Focus on Insurance Consumer Protections - UAE – AED 17 billion health claims last year - Insurance premiums increases expected in GCC - Saudi Arabia – Application for health insurance complaints - UAE – Motor insurance complaints up by 61% - Workshop of Jordan Insurance Federation on stamp duties - Free health insurance proposed for Saudis - Oman – 6 insurers will become public shareholding firms - Technology could unlock $1.63 trillion in insurance value - European cedants slow down purchase of reinsurance - UAE – Insurers target small and medium enterprises - Strong insurance mergers & acquisitions in 2017 - Big data to transform insurance - NAIC questions EU-US reinsurance agreement - UAE – 4 insurance brokers about to merge - Oman – Insurance training programs - China - offshore deposit system for reinsurers - Italy - Fitch changes its outlook on life market to negative - UAE – Innovation is the future of insurance - Kuwait – 34 insurers operate in the market - Jordan – Indicators of motor insurance complaints - Saudi Arabia – Recovering insurance of sold vehicle - Global non-life market will surpass $2.7tr by 2020 - Demand up but reinsurance price declines to continue - Lebanon – Law to offer incentives for insurance mergers - Egypt – Government insurers lose 2.5% of their share - UAE - Cancer and Heart Disease as 85% of Critical Illnesses - Qatar Financial Center’s 5-year plan to shape private sector - Egypt – Insurance Federation studies capital adequacy - Mexico said planning cat bond market return in 2017 - Saudi Arabia – Lowest insurance growth in 10 years - UAE – Insurance imposes used motor spare parts - Kuwait – Insurance companies manipulate settlements - Egypt – Federation discusses 2017 reinsurance results - Saudi Arabia – SAR 23.7 billion insurance claims in 2016 - Health insurance in Dubai boosts pharmaceutical demand by 100% - Carthage meeting discusses nat cat insurance - UK - At least ten insurers move to Ireland - Qatar Central Bank fights money laundering in insurance - Insurers must adapt to driverless cars - New Partnership of “African Risk Capacity” - London market seeks EU insurance deal - Saudi Arabia – Implementation of last phase of health insurance - UAE – AED 48 billion insurance sector size in 2017 - Egypt – EGP 2.2 billion Takaful premiums in 2017 - Bermuda reinsurance market nears cost-of-capital - MENA Insurance markets resilient - Saudi Arabia – Better results lead to motor insurance price decreases - Egypt – Supporting small projects and boosting microinsurance - Insurers’ cyber risk vulnerabilities - Emirates ID now an insurance card - Qatar – Price competition in the insurance sector - Oman – OR 121 million health premiums in 2016 - Egypt – decennial liability pool: EGP 33 million fees collected - UAE – Awareness key to the promotion of insurance - Qatar – Discussion of health insurance system with hospitals - Egypt – Motor accounts for 95% of property complaints - Blockchain to change the world of insurance - Saudi Arabia – Wrong evaluation of motor accidents raises claims - Saudi Arabia – Insurance premiums increase to SAR 36 billion - Cat bonds an attractive asset for EU insurers - UK - Auto Insurers Face Disruption from Tech Companies - Saudi Arabia – Compulsory insurance for young-aged ignored - UAE – Rush to insure yachts - UAE Insurance Authority signs agreement with CII - Algeria – Conflict of motorcycle owners with insurers - UAE – No comments on changes to unified contract - Dubai – Health Insurance to work with all clinics - Egypt – The electronic issuance of insurance contracts praised - U.S. - highest catastrophe frequency since 1980 - “Moody’s” expects high risks for GCC insurance - Oman – 1.9% increase in insurance premiums in 2016 - Jordan – Profits of 23 insurers increased by 34.2% - Saudi Arabia – Economic downturn decreases number of insureds - Qatar – Health insurance to fix prices of services - Dubai – First Insurance Human Resources Forum - Egypt – Study recommends to control price competition - Profitable growth won’t be easier in 2017 - UAE – Motor Insurance Awareness Campaigns - Saudi Arabia – Motor and travel insurance regardless of age - Saudi Arabia – 100 governmental hospitals in insurance system - Egypt – Comprehensive motor and fire insurance first branches - UAE – 7 insurers distribute profits of AED 243 million - Tunisia – Insurance sector covers 4 million persons - Saudi Arabia – Renewed enforcement of Saudization in insurance - UK P&I Clubs Consider Opening EU Outposts - Lebanon – Projects of insurers in insurance sector - UAE – Insurance Authority suspends two brokers - Insurtech Expected to Keep Booming in 2017 - Cyber controls dubbed “not fit for purpose” - UAE – 7 million without chronic disease insurance - APEC needs disaster risk financing - Lebanon – Penalties for non-compliance with insurance law - China may relax limits on foreign life insurers - Saudi Arabia – Insurance to settle accident claims rapidly - Emirates Institute for Banking Studies discusses insurance needs - Bahrain – Expecting Health Insurance System for Citizens - Global insurance rates continue decline - UAE – Compulsory health insurance profits grow by 16% - Bahrain – Insurance sector will grow by 7% in 2017 - GCC – Providing benefits to retain insurance staff - ASEAN explores regional insurance pool - Kuwait – Commerce ministry to amend insurance law - UAE – Cards of old-aged effective at issuance - Saudi Arabia – Insurers’ solutions far from risk management - Egypt – Insurance helps customers in proportional rule - Saudi Arabia – Employees’ cars should be excluded - Insurers increasingly under pressure to go digital - Sovereign cat bonds can help governments - USA - Markets upbeat on M&A turmoil - Bahrain – Consultations to merge local insurers - Indian insurance premium volumes grow 32% - Excess capacity is driving down insurance rates - Solvency II driving reinsurance demand - Saudi Arabia – Health insurance pricing according to market - UAE – Price increases boost insurance earnings - Jordan – Insurance Federation holds reinsurance training - Oman – 20 insurers appoint customer service managers - Saudi Arabia – 12 million health insured - Saudi Arabia – Auditing the saudization of insurance jobs - Capital markets role in pandemic risk transfer - Third-party capital a success driver for reinsurers - UAE – AED 44 billion insurance premiums in 2016 - UAE – 6 months for old-aged before insurance cover - Qatar – Electronic link between insurance and traffic dept. - Jordan – 139 young persons in insurance program - 2016 natural catastrophe highest since 2012 - Saudi Arabia – Motor insurance prices to increase by 10% - UK proposes product to insure driverless cars - ILS investors show preference for catastrophe risks - Saudi Arabia – Complaints about transport insurance rates - UAE – Insurance Authority introduces motor contract - Slower third-party capital growth in reinsurance is healthy - Pension funds continue trend toward alternatives - Saudi Arabia – Insurers move toward mergers - UAE – Motor insurance not responsible about catastrophes - Saudi Arabia - Saudization directive for motor insurance industry - Egypt – Solving the crisis of 35 Insurers on securing USD - Saudi Arabia – Real opportunity for insurance brokers - Egypt – EGP 2.5 billion net profit of insurance in 2015/2016 - Paris launches campaign to lure insurers post-Brexit - ILS market could challenge record issuance in 2017 - Qatar – 9 facilities launch new health insurance system - Jordan – JOD 583 million insurance sector premiums - EU Should Support Reasonable Brexit Deal - Global reinsurers face challenges in India - UAE – Motor insurance sector not socially active - Egypt – Raising insurance capital is compulsory - South Africa – Operations of foreign reinsurers restructured - Algeria – Insurers scrutinized by supervisory authorities - Middle East - Low oil price to impact insurance growth - UK - Motor insurance premiums reach record level - Indian regulator calls reinsurers to report overseas transactions - ILS used by insurers increase reinsurance competition - Egypt – EGP 23 billion insurance premiums in 2016 - UK - Professions most prone to accidents - Ransomware Attacks Quadrupled in 2016 - Saudi Arabia – Decreasing motor insurance price according to risk - UAE – Guarantee when fixing vehicle outside agencies - Qatar – Health Insurance implementation date not set - Artificial intelligence a double-edged sword - Egypt – Regulator tackles problems with brokers - UAE – Motor insurance prices to be reviewed - Egypt – Insurers ask for regulator’s intervention on dollar - Interest rate rise won’t reduce allocation to ILS - EU capital rules treat insurers like traders - Dubai Authority: Insurers have to reimburse patients - London - Tests show capital risks to insurers - UK - Telematics-Based Car Policies Exceed 750,000 - Almost 1/4 of pensions consider ILS investment - Taking the pulse of GCC healthcare sector - Saudi Arabia – 110 governmental hospitals included at 12 insurers - Egypt – Regulations excluding companies from reinsurers’ list - UAE – Insurance Authority classifies repair garages - UAE – Insurance and services should suit both parties - Aviation insurance market shrinks in 2016 - French Insurers to boost Fintech - Europe faces storm of cyber threats - Saudi Arabia – Coverage for individuals declined - Egypt – Annual insurance premiums exceed EGP 17 billion - UAE – reinsurance renewals with strict conditions - Increased reinsurance demand = ILS market growth - UAE – Insurance Authority saves insurers from bankruptcy - USA - Health insurers shape Obamacare replacement - Insurance consortium eyes industry-wide blockchain - Bottom of the soft reinsurance market remains elusive - Kuwait – Unifying the insurance contract - Reinsurers to use up Q4 cat budgets - Slowdown of ILS inflow stabilised market at 1/1 - Hong Kong - rules for risk transfer to capital markets - UK - insurers see competition as bigger threat - Egypt – Study of recurrent health price increases - Cat bond issuance to gather pace - UAE – New motor policy has unprecedented advantages - UAE – Request for insurance to use dedicated workshops - Lebanon – USD 166.44 million insurance profits in 2015 - Egypt – 9 new insurance products launched - Egypt – 3 players plan to raise capital - UAE – 90% share of motor in insurance complaints - UK - AM Best warns insurers about Brexit - Lloyd’s confirms European base plans - Reinsurers face higher transatlantic competition - Saudi Arabia – SAR 2.5 billion insurance profits in 2016 - India approves listing of 5 state-owned insurers - Insurance CEOs less likely to hire - Interest in Malta as option for UK insurers - UAE – AED 11.3 billion life premiums in 2017 - Reinsurers in Europe and US benefit from regulatory agreement - ILS terrorism bonds a “logical next step” - Morocco – Technical reserve rules for reinsurers - Global insured catastrophe losses rise to $54 billion in 2016 - Iran - Global ship insurers to resume oil coverage - Egypt – Insurance capital increases to cope with inflation - Market environment pushes reinsurers to innovate - Kuwait – Renewal of the licenses of 35 insurers - Saudi Arabia – Linking motor insurance to accidents - Half of insurers expect to acquire new technology - Catastrophe bond market total return rises in 2016 - UAE – Comprehensive and Third Party at minimum price - Health Insurance for all Kuwaitis - Egypt – Financing policyholders’ guarantee fund - Tunisia - The new Insurance Code is being finalized - Saudi Arabia – Mergers will save insurers in next period - Lebanon – USD 162 million profits of insurers in 2016 - The horizontalization of ILS to intensify in 2017 - U.S. and EU Reach Agreement on Insurance Regulation - Saudi Arabia – Insurance market to decrease by 25% in 2017 - UK - Over 50 firms may move to Ireland - Reinsurance price deterioration could persist into 2018 - Lebanon – Mechanism between health ministry and hospitals - Saudi Arabia – Obesity surgery covered in health insurance - Saudi Arabia – Insurers follow new policies - Weather, disaster and climate as top global risks - UK – Royal & Sun Alliance fined over stolen data - Hurricane Matthew claims up 10% to $803m in Florida - Qatar – Calls to grant discounts for low risk drivers - Oman – Option to implement agriculture insurance - Tunisia – Premiums up by 8.2% until Sep 2016 - Canada’s insurable damage for 2016 - Kuwait – Increasing health fees, a weight on insurers - Egypt – 10 insurers discuss the prices of health services - Convergence capital now 18% of reinsurance capacity - Western markets losing 10% to Russian reinsurer - Algeria – 5 million files pending for insurance compensation - Saudi Arabia – Insuring maids before year-end 2017 - Egypt – Risk on creation of new reinsurer - Reductions moderate but softening continued in renewals - Reinsurer challenges put focus on underwriting - Alternative capital hits record $78bn - Cat bonds to expand into new peril-regions - Japan – Artificial intelligence replaces insurance employees - Fear of attacks is driving cyber insurance growth - Saudi Arabia – Third phase of unified health insurance - ILS price declines triggered reinsurance softening - Natural catastrophe losses in 2016 at four year high - UAE – Motor insurance prices rise by 130% - UAE – Market value of insurers strengthened - Egypt – Limiting abuse in construction liability insurance - Saudi Arabia – 80% insurance growth by year 2022 - UAE – Insurance benefits from two government decisions - Egypt – Health insurance price increases considered - Jan renewals set tone for demanding 2017 - Saudi Arabia – Motor insurance rates increase by 31% in 2016 - UAE – Minimum and Maximum prices motivate mergers - Alliance of Qatari companies will insure world cup - USD 1 billion to protect GCC banks - Ireland - Record number for refused car insurance - 2017 to more challenging than 2016 in reinsurance - China – regulation on insurance company ownership - Boom in cyber insurance predicted to gather pace - Dubai extends deadline for health insurance - UAE – Increased Market Premiums in 2017 - Saudi Arabia – Ministry to add all hospitals to insurance - Egypt – Takaful insurance growth at 20% - Saudi Arabia – Traffic accidents raised insurance prices - UAE - 35% of drivers to pay more for insurance in 2017 - Qatar – Electronic link between traffic dept. and insurers - Bahrain – There is no specialized Nat Cat contract - Saudi Arabia – Agreement between health ministry and insurer - Insurance on residents adds AED 400 million in a month - UAE – AED 40 billion insurance premiums in 2016 - Egypt – Black list for insurance fraudsters - Dutch insurer to buy smaller rival for 2.5 billion euros - UK - Brokers launch facility to assess insurers - Romania’s insurance market goes up by 12% - Reinsurance fundamentals could deteriorate - UK - Insurers handling hundreds of breach claims - India - insurers are morally bound to pay climate claims - No solution for troubled Indonesian insurer - Indonesia - Sharia products still unsuccessful - Saudi Arabia – Shura Council tackles motor insurance prices - Malls in Dubai help sell compulsory health - Brexit Threatens 10% of London’s Financial Jobs - Higher cat losses a warning say reinsurance execs - Mr. Hussein Mallouk DGM of Arab Re: “Improved regulations will also regulate competition” - Mr. Hussein Mallouk DGM of Arab Re: “Improved regulations will also regulate competition” - UAE – Travel insurance protects from financial emergencies - ILS growth triggers cycle management in reinsurance - UAE –Nuclear Authority & Insurance Authority sign agreement - UK – Review of discount rate for personal injury damages - Saudi Arabia – 4 insurers control 59% of market - Europe’s insurers paid out €2.7bn a day in 2015 - International reinsurers to operate in India within 6 months - UAE – New financial regulations strengthen insurance - Future of insurance electronic distribution in Arab market - Saudi Arabia – Electronic linking to extend insurance for visitors - Kuwait – Medical malpractice insurance for physicians - Egypt – Interest rate increases matter for life insurance - A.M. Best Affirms B+ Rating of Arab Re - Deutsche Bank: reinsurance pricing will deteriorate further - Reinsurance & ILS help close climate protection gap - Lebanon – Insurance Commission to promote brokers - Mr. Hussein Mallouk DGM of Arab Re: “We Expect to Maintain Historical Profitability” - 110,000 citizens enrolled in health insurance in Dubai - Kuwait – Health insurance for visitors - Bahrain – BD 300 million premiums expected in 2016 - Risk of unexpected correlations has never been higher - Mr. Hussein Mallouk DGM of Arab Re: “We Expect to Maintain Historical Profitability” - A.M. Best Affirms Ratings of Arab Re - Lebanon – Insurance Association issues 2015 figures - More insurers considering move to Ireland - Ratings agencies warn reinsurers - UAE – 98% increase in insurance clients’ complaints - Morocco among 3 important African insurance markets - Reinsurance rates to fall at 1/1 - Agreement with Europe critical for US reinsurers - Saudi Arabia – Unified motor claim procedure starting from 2017 - Reinsurance outlook still negative - Current year underwriting not profitable at Lloyd’s - Lebanon – Al-Ittihad Al-Watani bought by Nasco - Oman – Mobile phone use to renew motor insurance - Egypt – 80% of clients reevaluate their assets - Egypt – International best practices about value added tax - Aviation insurance market shows signs of hardening - Insurance solution for Moroccans facing the retirement crisis - Problems in the Mauritanian insurance market - Low interest rates could pressure Chinese life insurers - Reinsurance profitability pressure increases - Saudi Arabia – Insurance of government vehicles to boost premiums - Saudi Arabia – Unified policy will boost health premiums by 10% - Oman – 94% of insurance investments inside country - Oman – Issuance of insurance directory - Arab insurance companies need actuaries - Saudi Arabia – SAMA decision will speed claim payments - Non-compliance with health insurance penalized in Dubai - Aon eyes sale of £3.9 billion division - Saudi Arabia – Suspended motor insurers represent 45% of market - Jordan – Workshop on cyber crime insurance - Insurers should consider climate risk more - Cost-of-capital to be a struggle in reinsurance - UAE – Fire insurance to cover alternative accommodation - Italian motor premiums to rise after four-year decline - Japanese and Chinese insurers as players in M&A - London will not get special Brexit insurance deal - 27 training programs at the Kuwait Insurance Federation - Jordan Medical Association rejects compulsory malpractice insurance - Egypt – Misr holding handles reinsurer’s feasibility study - ILS a priority for UK Gov post-Brexit - Saudi Arabia – Claims increased by an average of 102% over 7 years - 85% of Dubai population covered by health insurance - Catastrophe insurance market to grow over next 4 years - UAE – Insurance authority enforces pricing review by March - UAE – Insuring imported cars against third parties only - UK - Negative outlook for UK life sector - Disasters affect sovereign ratings - Brexit an opportunity to ease Solvency II requirements - Saudi Arabia – Enforcing prompt insurance settlements within 5 days - Egypt – Insurance Federation warns about “coinsurance rule” - 25% of reinsurers will use capital markets more in 2017 - Market unprepared for cyber loss aggregation - Kenya - A windfall of 169 million USD in marine insurance - Reinsurers’ combined ratio nearing 100% in 2017 - African reinsurers are optimistic - Lloyd’s wants government to share data on cyber attacks - Arab Re promotes insurance knowledge electronically - UAE - Motor Insurance Conference reviews global developments - United States – Asbestos Loss estimate rises to $100 billion - Bahrain – Privatization of traffic accidents is being studied - Reinsurers remain optimistic in a challenging market - Saudi Arabia – 3 insurers prevented from issuing motor contracts - Egypt – Floods encourage creation of natural risks pool - Lloyd’s of London targets emerging markets - Demand for ILS to continue as true convergence edges closer - Bahrain – Role for insurers in national health insurance - Jordan – Profits of 24 insurers jump by 29% - Reinsurance financially sound despite Matthew - Ireland - Central Bank boosts staff for Brexit insurers - 1-in-100 year event estimated at $253 billion in insured losses - January reinsurance renewal pricing outlook uncertain - Correlations between perils not substantial for reinsurers - Saudi Arabia – Plan to enforce prompt settlement of claims - Saudi Arabia – 30 days to compensate insured “visitors” - Egypt – Insurance Federation studies model for microinsurance - China and India reshape reinsurance market - Bahrain – “Central Bank” to issue new regulatory standards - Saudi Arabia – Technology helps insurance to grow - Qatar – Insurance committee to implement new health system - Matthew helps reinsurance edge closer to bottom - Britain raises insurance premium tax to 12 pct - Saudi Arabia – 9607 employees in insurance sector by year end 2015 - UAE – Technical reserves will help control price competition - Egypt – Destiny of “national reinsurer” - Reinsurers continue disciplined response to market - Saudi Arabia – Insurance growth of 9% annually until 2020 - UAE – Consultations to cover aviation sector locally - Qatar – Comprehensive motor insurance needs reform - Performance really matters for reinsurance ratings - UAE – The local market will tend to compete on price - Lebanon – Insurance Commission requests media to be objective - UK insurers want EU rules to stay after Brexit - French Insurers' Profits Set to Fall Due to Competition - Egypt – Temporary impact of “Liberalizing EGP” on insurance - Microinsurance catastrophe business interruption cover - Fewer U.S. children lack access to healthcare - No new capital requirement for catastrophes at A.M. Best - Saudi Arabia – SAR 913 per capita insurance spending in 9 months - UAE – Imposing high fees on life insurance - Qatar – Traffic department criticizes insurers - Kuwait – 85 thousand health insurance cards to retirees - ILS & Insurtech bring role of broker into question - Catastrophes cost $520bn annually - Saudi Arabia – Government fund to insure primary health services - Egypt – Fire committee examines impact of EGP devaluation - ReTakaful players: Sharia-compliance not enough - Growth of mutual continues to outstrip wider industry - Capital markets in reinsurance for the long term - Egypt – New speculation on mobile phone applications - Pensions & sovereigns will increase ILS investments - Singapore regulator to stimulate fintech growth - UAE – An insurance pool covering nuclear energy - Saudi Arabia – Irregular practices in motor insurance - Saudi Arabia – Motor insurance prices to decrease to SAR 950 - Lebanon – Insurance premiums at USD 830 million in H1 2016 - German insurers seek strategy to navigate changing period - Capacity refill would take time after major loss event - Hurricane Matthew losses 50% covered by insurance - Egypt – Microinsurance supports the national economy - Reinsurance capacity to remain high at 1/1 - Hedge fund reinsurance model shows more promise - UAE – AED 4.8 billion motor insurance premiums in 2016 - Egypt – 3 insurers start issuing electronic policies - Egypt – Insurers not allowed to reinsure locally - Further rate stabilisation in reinsurance expected - Oman – Health insurance system could be implemented - Jordan – Compulsory insurance losses at JOD 10 million in H1 - UK - Rate increases in non-life don’t help profitability - Algeria – New insurance product to fight cyber attacks - UAE – Old insurance contracts inforce until expiry - Egypt – Railway and metro insurance pool supports citizens - India - Reinsurer Lloyd's gets license to operate - Industry’s future lies between traditional reinsurance & ILS - Saudi Arabia – Insurance should extend beyond coverage - UAE – Efforts to improve motor insurance sector - Bahrain – Insurance sector achieves steady results in 2015 - Qatar – Material compensation for damaged car - Saudi Arabia – Refusal to speed up health insurance for citizens - Insurance fraud cases caused by an artist - Reinsurance backs World Bank Pacific facility - Arab insurance industry faces great challenges - Saudi Arabia – Insurance declines public and private vehicles - Egypt – Insurance premiums will increase by 30% with EGP liberalization - Wave of innovation will test the insurance industry - Innovative ILS can address “critical protection gap” - “Dubai Health Authority” accepts insurance of 35 companies - Egypt – Regulator issues microinsurance regulations - Algeria – The motor insurance market loses 100,000 vehicles - Egypt – Motor and property flood losses not covered - Italy - October earthquakes unlikely to impact insurers - Jordan – Profits of 21 insurers increase by 42% - US - P&C rates on downward trend in Q3 - Reinsurers hope for an unidentified event to harden rates - Saudi Arabia – Motor insurance prices linked to spare parts - Egypt – 25% inflation-related premium increase expected - Usage-based technology to help motor insurers - UAE – Difficulties in securing fire reinsurance - Saudi Arabia – Insurance needs to innovate new products - UAE – 10% growth of cyber insurance - USA - Wildfire threat a $500 billion risk - Jordan – Protecting 66 individuals threatened by floods - Dubai Health Authority expands insurance services - Bahrain – Implementation of health insurance in 2017 - A.M. Best: Ratings necessary for ILS to expand - Insurance workers among the unhappiest in Asia - 80% of P&C firms worldwide will invest in insurtech - Megacity aggregation challenge will test insurers’ robustness - Japan life insurers expand their foreign investment - Tunisia – Necessity of a special legislation for life insurance - Piracy in Asia down 65% - Correlation of flood events poses risks - Efficient reinsurance & ILS benefits U.S. homeowners market - Reinsurers see growth in Central and Eastern Europe - Reinsurers can benefit from transformative motor technology - Additional reinsurance demand seen for January renewal - Excess reinsurance capital can benefit society - Protectionist practices restrict reinsurance market - Oman – 31% growth in health insurance - Bahrain – 123 complaints against insurers - European buyers seek deeper dialogue with tier 1 reinsurers - IAIS capital standards may be more onerous - Climate change might make protection unaffordable - Cautious Western insurers rebuild business ties with Iran - Saudi Arabia – Insurance price changes will not exceed 10% - UK - home insurance market edges into unprofitability - Reinsurers should focus on innovation and cycle management - Reinsurers still in the eye of the storm - France raises insurance levy to bolster terror fund - Regulatory advances fail without a Europe-US agreement - GCC – Oil price at USD 40-50 revives insurance market - UAE – Insurance a main factor for economic diversification - London market could lose £7.3bn in premiums to Brexit - Insurtech to boost importance of reinsurance - Saudi Arabia – Wrong estimations for 44% of accidents - UAE – 79.4% share of foreign companies in life insurance - Qatar – Insurers encourage the sale of “scrap” vehicles - Bahrain – Insurance demand after exemption from health fees - UAE – AED 3.4 billion as Takaful premiums in 2015 - Reinsurer combined ratios, RoEs to deteriorate further in 2017 - Saudi Arabia – A legal authority should examine accident insurance fraud - Egypt – Launching anti-money laundering departments in insurance - Insurance Europe signs tackles social effects of digitalization - Global share of mutual insurers remains robust - Price trajectory converging between reinsurance & insurance - Solvency II regime boosts insurance in Mexico - ReTakaful to meet solvency challenges of Takaful companies - Asia-Pacific prospects remain a lure for reinsurers - Reinsurers plunge into India seeking growth - Asia - Over-regulation poses challenges for the region - 50% of $5bn Matthew loss to fall to reinsurance - UAE – AED 11.3 billion health insurance cost in 2015 - Egypt – 9th General Conference of Takaful companies issues 4 recommendations - 3 mechanism to help the ReTakaful industry - $38bn China flood impact insurance just by $596m - Saudi Arabia – 24 initiatives to develop the health insurance market - Qatar – Electronic system linking insurers and traffic department - Egypt – The insurance sector seeks Arab currencies for reinsurance - Saudi Arabia – Implementation of the 2nd phase of unified policy - Egypt leads International Federation of Takaful Companies - Africa - Reinsurance solution to regulatory changes - Creativity and innovation will drive ILS - Matthew losses to fall within catastrophe budgets - Jordan – Calls to remove the compulsory insurance tariff - Reinsurers’ 2017 combined ratios to nudge 100% - Conditions favorable for reinsurance mergers & acquisitions - UAE – AED 37 billion insurance premiums in 2015 - Egypt – Electronic system to tackle fake insurance policies - UAE – New laws to increase the attractiveness of the insurance sector - Abdallah Badaoui quits Oman Re - UAE – Mergers a necessity in the insurance market - Bahrain – Licensing of foreign life insurer considered - Saudi Arabia – SAMA commissions consultant to assess motor insurance - 25% of reinsurers could face a loss triggered by Mathew - Saudi Arabia – Requests to decrease the price of individual health Insurance - Kuwait – Insurance Federation organizes 27 training sessions - USA - $1.5bn underwriting loss for P&C in 1H16 - UK - Car insurance costs rise £100 in a year - Fewer British firms have cyber insurance - Morocco – Catastrophe cover in all non-life covers - Risk managers taking on strategic role - Lloyd’s chief speaks on Brexit again - Saudi Arabia – SAMA will set motor insurance prices - Abu Dhabi – AED 10 thousand health insurance hinders residency - MENA Reinsurance rates are expected to harden - Egypt – Foreign insurers seem to limit activities - Saudi Arabia – Contribution of insurance to GDP at 1.5% - UAE – Signs of recovery of insurance companies - Qatar – Launching the 49th International Engineering Insurance Association Conference - French insurer AXA's CEO has no plans for big mergers - Casablanca Finance City second hub in MENA - Oman - Excellent performance of Takaful - UAE – The Authority requests insurers to submit motor prices - Bahrain – “Takaud” presents opportunities for insurers - Motor insurance market to shrink 70% by 2030 - Hannover Re, Swiss Re, SCOR at risk in prolonged soft market - ILS can increase efficiencies & reduce costs for reinsurers - French regulators agree to simplify licensing procedures - UAE – Half of population without life insurance - Jordan – JOD 154.4 million health insurance premiums last year - Demand grows alongside global reinsurance capital - Risk free rate hike triggers decline of reinsurer RoEs - GCC - Enhanced regulations fuel concerns of weaknesses - Saudi Arabia – Complaints against insurers increase by 50% - Kuwait – Health Ministry distributes health cards to retirees - Egypt – Financial Authority issues insurance website regulations - Bahrain – 9% growth expected in insurance in 2016 - No sign alternative capital will shrink - Oman – Regulator adopted insurance service quality manual - Jordan – Insurance under central bank regulation by mid 2017 - Egypt – Moody’s expects profits of insurers to grow - UAE – Increase in demand for life insurance products - Saudi Arabia – Compulsory insurance on workers and families of private schools - UAE – Raising limit of single accident to AED 2 million - Saudi Arabia – Insurers tackle obesity and smoking - UAE – Warning to insurers that fait to deliver cards - UAE – Replacement car for 10 days after an accident - Egypt – 20% growth of Engineering premiums in 4 years - Saudi Arabia – 60 days to submit a health insurance claim - UAE – Promising future for Takaful with compulsory health - First downturn when reinsurers still make cost-of-capital - The price game is over - London insurers should protect confidentiality - UK - Over 2,700 brokers face significant risk - Inevitable change to drastically impact insurance industry - Gibraltar’s future uncertain after Brexit - UAE – Insurance Authority to classify motor garages - Qatar – Launching the new health insurance system - US requirements put EU insurers at disadvantage - Bank of England fires warning at insurers - Egypt – Effect of added value tax on insurance tackled - Sluggish economic growth prompts marine premiums to plummet - Despite falling returns equity investors unlikely to exit reinsurance - Unwillingness to pay one of the big myths of the ILS - Close the insurance gap to stop fighting over a shrinking pie - Demand for custom reinsurance grows - Lloyd's eyeing reinsurance licence in Malaysia - ILS & cat bond returns still deliver - Qatar – Strong competition leads to a decrease in motor insurance prices - Kenya - Reinsurance firm opens Academy to boost penetration - Pressure on MENA Reinsurance Market Persists - Kuwait – Finalization of 75% of the insurance law - Reinsurers should walk away from business that won’t deliver - Alternative capital may shorten the reinsurance cycle - India - foreign reinsurers to set up shop from January - Bahrain the leading financial center in the Middle East - Lloyd’s attracts Entrants Despite Brexit - UK Solvency II inquiry for reinsurers - January reinsurance renewal rates expected “below stable” - Algeria – Investigation with 5 insurers on currency transfer - UAE – Low insurance demand for small and medium-sized enterprises - UK - Fraudulent insurance claims increase - Lloyd’s Chairman to Reinsurers: Target Brokers’ Fees - Reinsurers only profitable due to low catastrophe - Interview with Deputy General Manager Mr. Hussein Mallouk on the future prospects of Arab Re - Interview with Deputy General Manager Mr. Hussein Mallouk on the future prospects of Arab Re - Munich Re sees reinsurance prices falling at slower pace - UAE – Insurance market grows by 5% despite competition - ILS demand & reinsurance rate stabilisation expected - Weak Profits Leading to Takeovers of Smaller Reinsurers - UAE – Launching new policies for low risk industries - Egypt – 187% losses as a result of increasing fires - Reinsurance capital at record $585bn - Excess capital threatens Bermuda reinsurer performance - Arab Re's Family Wishes You a happy "Eid Al Adha" - شركة إعادة التأمين العربية تتمنى لكم عيد أضحى مباركاً - Italy quake insured losses not expected to exceed EUR200m - Saudi insurance growth slows for 1st time in 5 years - German Solvency II ratios promising, with no change to ratings - South Korean pension fund looks to catastrophe bonds - Saudi Arabia – New system for treatment authorization in insurance - Oman – 66% Omanization in insurance sector - Moody's: Outlook for reinsurance sector remains negative - EU’s large cedants take advantage of market conditions - Saudi Arabia – Requests to decrease insurance prices by 50% - Good results but underlying challenges for London insurers - Munich Re Achieves Strategic Big Data Platform - Ratings agencies see lower reinsurance prices in 2017 - French life insurers’ profitability continues to decline - Negative Reinsurance Sector Outlook Not Changing - Only the costliest catastrophe could turn reinsurance pricing - Longevity growth could help reinsurer ROE’s - Saudi Arabia – Companies might merge or exit insurance market - Egypt – How does Authority for “Roads and bridges” settle claims? - Kenya - CIC stake in Takaful Insurance falls - Chairman of Lloyd's of London threatens to leave the City - Kuwait – Insurer requests the health ministry to settle USD 200 million - What would the Great Fire of London cost today? - China Re’s ratings unaffected by steep decline in profits - Cat bonds could help Gulf of Mexico energy sector - UAE – Chasing mobile phone insurance premiums - Reinsurance is on the edge of profitability - ILS a promising alternative for Asian investors - Brexit could result in London losing reinsurance business - Market Capitalization of insurers in Dubai at AED 5 billion - Bermuda Reinsurer Profits Affected by Excess Capital - Cat bond investors good at paying claims - EU policymakers clash over valuing insurers' liabilities - Egypt – 28% growth in insurance premiums in H1 - European insurers invested €9,8 trillion in economy in 2015 - Expanding the reach of cat bonds to the most vulnerable - UAE – Insurance Authority receives 3554 complaints - Saudi Arabia – Insurance market well-regulated and leader in GCC - Lebanon – Cost of insurance policies increases - Jordan – Should take advantage of insurance merger incentives - “Africa Re” targets premiums of USD 722 million by end of current year - Saudi Arabia – Instructions of MoH will increase prices by 25% - UAE – Mergers are the solution for distressed insurers - Egypt – Inflation affects negatively the insurance sector - Egypt – Regulations to issue policies electronically - Up to EUR200m earthquake loss for Italian insurers - Saudi Arabia – No free treatment for traffic accident victims - UAE – Life Insurance as a condition for personal loans - Reinsurers seek returns where ILS isn’t playing - GCC – Large transformations in health care - Saudi Arabia – SAMA considers halving insurance prices - UAE – Necessity of not exploiting the pain of patients - Fitch: Global reinsurer profit decline could affect rating - UAE – Half year profits of insurers increase - Aviva partners with digital start-up accelerator - Fungibility of capital permanently changes reinsurance cycle - Opportunistic capital may dampen post-event hardening - Qatar – QR 11.2 billion insurance premiums locally - UK - Interest rates hit Solvency II ratios across life sector - Reinsurers must increase asset risks to boost returns - Soft reinsurance prices a danger when typical cat levels return - Saudi Arabia – 50% of vehicles are uninsured - UAE – 10% growth expected in insurance sector - UAE – Insurance sector gradually overcomes underpricing - Egypt – Insurance employee imprisoned for fraud - Asian Regulatory Reforms to benefit Reinsurance - Saudi Arabia – Insurers collectively exploit price increases - UAE – Insurance prices differ according to profitability - Egypt – Insurance Federation seeks USD availability - Egypt – New Insurance Law proposal to be submitted to the public - Kuwait – Annual cost of insurance for retirees is KD 82 million - Algeria – Motor insurance price increases for kamikaze drivers - Enterprise risk management key for reinsurers - Challenges prompt London Market rethink - Florida insurers increase catastrophe reinsurance cover - Catastrophes drive higher insured and economic losses in H1 - Global and European insurance rates fall again - Political risk insurance market to exceed $10bn by 2018 - France - Low interest rates to hit profitability of life insurers - Kuwait – Insurance of retirees covers 90% only - Reinsurers utilising ILS & retro to improve profit - Q2 cat losses above expectations of reinsurers - UAE – Motor insurance necessitates underwriting discipline - Egypt – Demand for marine insurance down by 20% - UK - Impact on ratings post-Insurance Act will remain neutral - Reinsurance faces the strongest headwinds - Insurance profits at AED 240 million in Dubai in H1 - Reinsurers to keep writing even below cost-of-capital - Cat bond demand strong in July and prices rise - Public-private partnership to boost innovation & demand - UAE – Registering insurance under the name of fathers to decrease price - UAE – 3 million policyholders at “Daman” with 10% increase - Qatar – Insurance companies are absent in social media - Jordan – Health Ministry confirms importance of digital technology - Saudi Arabia – SAR 670 insurance spending per capita - Chile’s Health Insurers Pushed to Brink of Collapse - Registered Investment Advisers interested in ILS - U.S. judge sets date for Anthem merger trial - UAE – Patients to uncover health insurance abuse - ILS market top opportunities & concerns revealed - On spending your way out of a soft reinsurance market - UK - Insurance Act 2015 will impact every policy - Saudi Arabia – Insurance companies’ profits jump by 214% - Qatar – Profits of insurers at QAR 759.1 million - Oman – Two insurance training program by capital market authority - German life insurers more exposed due to asset-liability mismatch - UAE – Health insurance today’s emerging issue - UK - ethnic minority penalty for car insurance - Reinsurance margin attrition ongoing - New Spyware Targeting Companies Across the Globe - Middle East - Health insurance premium increases by 9% - Saudi Arabia – Expected increase in insurance prices next year - Algeria – Settling motor traffic claims within 45 days - Cat bond & ILS conditions favourable for H2 - Saudi Arabia – Insurance profits increase to SAR 839.7 million in H1 - UAE – Property insurance policies grow by 20% - Bahrain – Implementing a unified comprehensive motor policy - 2% of China’s Floods Insured vs. 70% in U.S - Egypt – EGP 500 thousand maximum microinsurance cover - Supply far exceeding demand still in P&C reinsurance - P&C reserves not reliable source of earnings - UAE – Health insurance premiums exceed AED 15 billion in 2016 - Egypt – Electronic linking will limit losses - UAE – Insurance authorization challenges access to medicine - Egypt – Increasing retention to meet international standards - European insurers facing an adverse environment - Reinsurance price surge after mega-loss to be smaller - Oman – Training program for insurance employees - Jordan – The profits of 23 insurers jump by 46.3% in H1 - ILS growth no longer exponential - Solvency II equivalence will be critical to UK - Saudi Arabia – Lower interest rates causes insurance losses - UAE – Motor insurance prices increased by 40% - USA - Opioid-related claims rose by 3,000 percent - Sports-Related Brain Injuries Are Emerging Risk - Saudi Arabia – Medical records govern insurance prices of domestic workers - UAE – Insurers impose deductibles on spare parts - UAE – Reading the insurance contract raises customer awareness - Egypt – Insurance companies face USD crisis - Saudi Arabia – Increasing insurance coverage of exports - Excess reinsurance capital not the issue, it’s lack of demand - UK - Telematics Provide Evidence in Trial - Interest for ILS strong, but opportunities to deploy limited - Aon ILS Indices rise in Q2 - U.S. and EU Report Insurance Talks - UAE – Insurance of vehicle tires introduced - Kuwait – Health insurance for 107 thousand retirees - UK - Slow growth and Brexit threaten insurers - UAE – Insurance Authority approves 5 actuarial organizations - Bahrain – Medical malpractice insurance is a necessity - Reinsurance increasingly the cheapest form of capital - 50% of ILS capital could be wiped out by 1-in-200 hurricane - Our policy is prudent and conservative - "Interview with Deputy General Manager Mr. Hussein Mallouk" - Our policy is prudent and conservative - "Interview with Deputy General Manager Mr. Hussein Mallouk" - Reinsurance losses may be sufficient to install pricing floor - Saudi Arabia – Need for a national comprehensive health program - UAE – New changes to “Daman” improve services - Egypt – Dollar inflates health insurance prices - Qatar – News standards for motor insurance - Satellite data supports risk transfer solutions - UK - Potential mis-selling among insurance agents - UAE – Lack of training leads to wrong expertise in insurance - Q2 European reinsurance profits down - ILS economic impact on Bermuda revealed - UAE – Takaful companies grew by 57% in 8 years - Munich Re develops Solvency II reinsurance solutions - Nat cat losses in H1: $30bn insured, $98bn economic - Many Lloyd’s contracts inadequate on cyber wording - Paybacks can be long in reinsurance - Kuwait – Insurers can offer retirement pension - Rational and irrational trends in reinsurance - UAE – Increasing minimum price for motor policies - Jordan ranks 68th internationally on insurance premiums - Egypt – Reinsurance commissions decreased - Vietnam - government puts a leash on foreign reinsurance - Mutuals should adapt or become irrelevant - Negative Interest Rates Described as ‘Dirt’ for Insurers - London plans foreign aid cat bond - Cyber premiums as fire insurance of 21st century - UAE – Insurers increasingly interested in energy insurance - Private Iraqi insurers ask to cease government control - Egypt – Political Violence policy covers “Etisalat Misr” for EGP 6 billion - Solvency II equivalence drives growth in Bermuda - $27bn of global insured cat losses in H1 - Retro market prices continue to soften - $15 billion of U.S. & Canada insured losses in first-half of 2016 - Saudi Arabia – Suspension of companies does not interrupt coverage - UAE – Policies to protect wedding loans - UK - consultations on insurance for autonomous cars - Saudi Arabia – 12 duties on employer in health insurance - Bahrain – Absence of personal planning for the future - UAE – Health insurance related penalties set - 2016 will be a record year for sovereign rating downgrades - UAE – 80% insurance price increase on towers - Dubai uncovers fraud cases in health insurance - UAE – More growth expected in health insurance - UAE – Mergers best solution to save insurers - Hedge fund reinsurers show weakness - Africa – Microinsruance growth calls for reinsurance capacity - UAE - insurer offers taxi fare refund to customers - India - Life reinsurance pie to get bigger - Qatar – 6 rules for insurers’ management membership - UAE – Insurance on Employees’ Monthly Salary, soon - Iraq - The Economic Situation Does not Afford Entry of New Insurance Companies - Lloyd’s platform: launch of an aviation insurance consortium - "FAIR" Holds the First Forum of Afro-Asian Reinsurance - Lebanon – Most solvent insurance sector worldwide - Reinsurance softening slows, capacity withdraws - Non-life growth highlights ILS influence - Sudan – Issuance of a new law on insurance regulation - India - First private sector reinsurance license - New controls on health insurance programs in Abu Dhabi - Minor Earthquake Jolts Several Parts of Lebanon - UAE – AED 4055 Insurance Spending Per Capita in 2015 - Africa - Insurance penetration remains poor in despite economic boom - Russia to introduce compulsory reinsurance - London market can prevail despite Brexit - Robo-adviser on third-party capital - UAE – Insurance Authority launches electronic system for brokers - Gulf countries – USD 150 million for Travel Insurance by 2019 - Law regarding Russian National Reinsurance Company adopted - Reinsurance more important than ever - Divergent mortalities complicate longevity market - Global Takaful Premiums: USD23.2 billion in 2015 - Saudi Arabia – Legality of linking motor insurance to cost of accident studied - Egypt – Automating compulsory insurance policies - UK - Financial volatility could hit insurers’ half-year results - USA - Convective storm insured losses hit $11bn - Bermuda stresses Solvency II equivalence will serve it - Jordan: Reducing traffic accidents is beneficial for insurers - The future of cyber risk market looks promising - Kenya: Fake motor insurance claims cost up by 189% - UAE: Obesity a key factor in UAE insurance claims, says Zurich - Zambia: Significance of Insurance Education - Reinsurers can prosper even while pricing is lousy - Turkey: Experts warn of potential 7.0 magnitude earthquake near Istanbul - UK: ‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon - Increase in Pandemics over the next 5-10 Years - European regulator: Reinsurance pressure to “increase further” - Moody's: Floods in France, Germany in May/June are credit-negative - Pressures from ILS & reinsurance mounting in primary lines: A.M. Best - Negative interest rates, a poison for financial institutions - Egypt – Suggesting fees on cigarettes to finance health insurance - UAE: The IA issued a nationalization guidebook for the insurance sector - Insurers must transform amidst disruption, KPMG says - UAE – 3 reasons discourage consolidation of insurers - Qatar – Establishing local credit agency strengthens financial sector - Insurers Ignore FinTech Revolution - Saudi Arabia – Investigations about 400% motor insurance price increases - Doing the right things not enough for reinsurers - Further changes for unrecognizable reinsurance market - UAE – AED 37 billion insurance premiums in 2015 - Global Reinsurers To Withstand Challenging Dynamics - Reinsurance a benefit to policyholders, not just insurers - UAE – Profit targets for physician are unethical - $200bn event needed to hit reinsurance & ILS - Kuwait – System of points for third party insurance serves the sector - Egypt – The virus of cancellations affected life companies - Transformation efforts of insurers less than ideal - Global Parametrics to bring third-party capital - UAE – Employee has no options in health insurance - Qatar – Applications to establish new insurance companies - Oman – OR 130 million insurance premiums in Q1 - Saudi Arabia – 3 companies represent 80% of health insurance premiums - UAE – Towers fires trigger insurance price increases - Soft market remains biggest concern for reinsurance - Low cost and abundant reinsurance to the advantage of insurers - UAE – Trend to insure small and medium-sized companies - Need to cede outside traditional renewal cycle - Catastrophe bonds a vital part of insurers “financial tapestry” - Cyber and reputation most difficult to insure - French flood insurance loss up to $1.6 billion - UAE – Seminar on medical malpractice liability - Russia - national reinsurer may start by mid-2017 - Ethiopia Reinsurance will start operating in July 2016 - Saudi Arabia – Insurance and services biggest priorities of health ministry - USA - Renewals hint at reinsurance pricing floor - Need to connect capital to risk - UK- Demand for Munich Re & Beazley cyber solution - UAE – Encouraging tenants to review replacement home insurance - Egypt – Federation asks help of supervision on health insurance - ILS focuses Bermuda reinsurers on closing Protection Gap - Solvency II Increases Reinsurance Demand - Saudi Arabia – Insurance of domestic workers not compulsory - UAE – 30% motor insurance price increase - Egypt – Competition Authority against abuse in health insurance - Saudi Arabia – Need to decrease the number of insurers - Brexit threaten London insurance jobs and business - USA - Two-tier capital regulation proposed for insurance - Solvency II to increase reinsurance demand - Saudi Arabia – Returning part of insurance premium on cancellation - UAE – 3 million health insurance beneficiaries - Saudi Arabia – 3 roles for health insurance companies - Qatar – Ministry of Health finalizes health insurance project - June 1 reinsurance renewals expected down 3% to 5% - Saudi Arabia – SAMA monitors unprofitable insurers - UAE – Moving from average health insurance package to basic - USA – Will losses lead to rising reinsurance demand? - Lebanon – Mutual Insurance Funds and illegal practices - Saudi Arabia – USD 3.3 billion investments in insurance - Egypt – Three-step strategy to develop microinsurance - 3 Challenges facing microinsurance internationally - Saudi Arabia – Monetary Agency requests an insurance sector timetable - UAE – 30% growth expected for Lloyd’s in 2016 - Oman – 1.6% insurance share of GDP in 2015 - African CIMA zone: capital increase - Saudi Arabia – Activating compulsory motor to boost the sector - Saudi Arabia – Employment day for insurance sector - AXA UK to sell investment and pensions business - Saudi Arabia – “Motor” market share increases to 38% - Egypt – 25% increase in health insurance prices - African Union insurance to boost disaster cover to $1.5 bln - EgyptAir to have little impact on soft aviation market - Lebanon – Limited growth of insurance sector in 2015 - UAE – Insurance least affected by oil price decreases - London casualty reserves vulnerable - EIOPA stress test will assess insurers’ vulnerabilities - EU regulation should allow insurers to put customers first - Saudi Arabia – Charging the insured health service fees - Qatar – Half of spare part prices charged in comprehensive motor - Bermudian reinsurer ROE’s down nearly a third - Saudi Arabia – Insurance harms investors and vehicle owners - Qatar – Launching 5 traffic investigation offices at insurers - UK - Anonymised database for cyber insurance - Saudi Arabia – Comprehensive strategy for insurance sector - UAE – 56% investment profit growth of insurance in Q1 - Iraq – Call to open opportunities for private insurers - Egypt – Compulsory insurance recommended for shops - Oman – 68% Takaful insurance growth last year - Emerging markets key to insurance growth - USA - Rules for too big to fail insurance firms - Kuwait – Attempts to adopt a new insurance law - Reinsurers note rate decline slowdown - UK – EU in legislation to remain - Egypt – 35.4% savings growth at insurance companies - Egypt – Negative effects of USD appreciation on insurance - Guy Carpenter Partners with Symantec to Create Cyber Model - Saudi Arabia – 20% insurance growth and 2030 Vision boosts performance - UAE – Chaotic hospital data leads to health insurance losses - Industry CEOs join Insurance Development Forum - Smart health card for 40 million GCC citizens - Egypt – Competition to insure railway merchandise - Zurich Restructure on Track - Saudi Arabia – Increased insurance fraud contributes to losses - Saudi Arabia – Increased insurance fraud contributes to losses - UAE – Procedures against insurers not complying with competition laws - Global multiline insurers ready for challenges - Alternative capital to continue disruption of reinsurance - At least 50% of Canada wildfire loss reinsured - Egypt – Fire cover price increase considered - Insurers are still grappling with Solvency II - Efficient ILS structure will secure London’s future - Saudi Arabia – Preparing roads to decrease insurance price - Shift noted in reinsurance buying habits in Q1 - Scope for reinsurance growth in frontier markets - USD 30 billion insurance premiums in Arab market - Munich Re trims 2016 forecast after weak Q1 - Health insurance cost increase in Arab region - Saudi Arabia – Call for new products answering all needs - Qatar – 3 insurers increase capital in unified bureau - Egypt – No instructions to list Misr insurance in the stock exchange - Saudi Arabia – 1000 new employments at insurers - UAE – Health care service price controls requested - UAE – 20% increase in comprehensive motor insurance prices - Qatar – Health insurance tender for citizens - Worst April for natural disaster losses since 2011 - UAE: Families ask for reasonable-cost insurance for elderly as deadline looms - UK: Medical insurance premiums set to soar in UK - World: Commercial property/casualty insurance rates decline - Robot surgeons one step closer to reality - Fitch: Global Reinsurance Profits to Decline on Soft Market Conditions - Q1 catastrophes the highest in a decade - Saudi Arabia – Linking insurance prices to traffic accidents - UAE – AED 3.68 billion unnecessary medical services - S&P highlights modelling uncertainty - UAE – Health insurance premiums grow 120% to AED 12.8 billion - Egypt – Investment Authority to amend marine contract - UK - Self-driving cars to disrupt motor market - Declining reserve releases could cut earnings by 6% - UAE – Amending fire contracts and raising prices - UAE – Revealing bills to the insured decreases health costs - Bahrain – Insurance companies’ mergers required amid competition - Q1 ILS issuance saw a rise in deal complexity - Saudi Arabia – High authorities request health insurance study - Oman – OR 5.8 million as rain damage claim - Reinsurers maintain presence with alternative capital - UAE – Compulsory appointment of actuaries to price motor policies - Saudi insurers: 2030 Vision pathway for advancement - UK - Testing importance of reinsurance capital - USA - Insurance Regulation Belongs to the 50 States - Bank of Russia aims to strengthen insurance supervision - Bahrain – Request to give priority to Bahraini insurers - Lebanon – Zaccar president of Insurance Association - Realistic reinsurance RoE’s down to 3.4% - UAE – Proposed committees for insurance disputes - Egypt – 18% increase in commission and production costs - Algeria – Motor price increase and no compensation for bad drivers - The Algerian insurance market’s potential to be exploited - Saudi Arabia – Insurance sector reform pushes speculators to withdraw - UAE - 30% of insurance in Dubai linked to ID - UAE – “Daman” employs 35% of Emirati insurance workforce - Insurance tech investment surges - A.M. Best: BCAR revisions to impact ILS - Saudi Arabia – Health Insurance Council obtains ISO - Qatar – Health insurers confirm their readiness - Egypt – US dollar shortage main insurance challenge - Egypt – Insurance market dances with retentions - Algeria – The crisis pushes toward Islamic insurance - Not all reinsurers will survive today’s market environment - SCOR delivers solid growth in April renewals - Swiss Re sees 50% of growth from emerging markets - Qatar – Price war between insurers - Jordan – Health insurance for 640 thousand Egyptian workers - Strong start in 2016 for ILS & cat bonds - UAE – Car write-off and claims handling are main complaints - Financial Leaders: Dangers of Negative Interest Rates - Cultural Clashes Cause Many M&A Failures - Reinsurers increasing 1-in-100-year cat exposure - UAE - Health insurance engine of grow of economy - Algeria – Settling claims for citizens within 2 months - Iraq – Improving insurance sector strengthens economy - Egypt – A call for factories adopt safety standards - Qatar – High penetration of Islamic insurance - UAE – 17% Takaful share of written premiums - India- Instead of buying insurance, Indians are breaking into their savings to pay hospital bills - Saudi Arabia Some insurers agree to cover the damages caused by hail on vehicles - Global spending on health is expected to increase to $18.28 trillion worldwide by 2040 - Egypt – EGP 40 thousand compensation for rapid transit accidents - Return pressure the new reality for reinsurance - UN: Reinsurance needs to do more on climate catastrophes - UAE – Homogeneous risks basis of premium retention - GCC countries to launch “credit rating agency” - UAE – Collusion to raise building insurance prices - Reinsurance stock prices had good luck warns A.M. Best - Strong Q1 reinsurance results expected - Bahrain – Study to reconsider motor insurance prices - Egypt – Electronic issuance of “compulsory motor” insurance - Egypt – New comprehensive motor insurance policy - UAE – Combatting money laundering in insurance - Saudi Arabia – 17 parties unite against insurance prices - UAE – Restrictions on health insurance abuse - Qatar – Probable mergers between insurers - Bahrain Insurance Association launches awareness campaign - Kuwait – Ministry of Health unable to insure retirees - World Bank targets sovereign disaster risk transfer - UAE – Insurance Authority compels insurers to mention premium - Europe - Technology threatens 250,000 insurance jobs - Negative Outlook for Energy Insurers - Catastrophe Reinsurance Prices Will Continue to Drop - Saudi Arabia – Quality certificate of hospitals for health insurance - UAE – Building insurance premiums lost abroad - Reinsurance expenses up, returns down, but profits continue - Saudi Arabia – Insuring malpractice of real estate experts - Egypt – Life forum recommends technology use and bancassurance - Increase in reinsurance demand likely to favour top-tier - Insurtech to efficiently transfer risk to ILS - Bank of England warns of soft reinsurance market - Reinsurers increase peak zone cat risk exposure - UAE – Insurers not allowed to change deductible - The Egyptian Insurance Awareness Association signs protocol with FAIR - Egypt – Life insurances promising during future years - Micro-insurance premiums in Africa at USD 640 million - Alternative reinsurance capital grew to $72bn in 2015 - Kuwait – Health insurance for retirees: KD 100 million project - EU cuts capital charges for insurers investing in infrastructure - Iraq – Implementing health insurance improves services - Saudi Arabia – 10.8 million health insurance beneficiaries - Saudi Arabia – Reforming insurers’ objectives supports health care - UAE – Health insurance philosophy is to ease quality and access - Reinsurance rates down in April renewal but demand up - Allianz plans to divest $5bn Italian life insurance - Insurers face increasing threat from InsurTech start-ups - Rates slow ILS growth and reinsurer discipline worries - MetLife Beats Back Too-Big-to-Fail Label - Saudi Health Minister: We did not finalize health insurance for citizens - Misr Insurance: War policy covers plane hijacking - Tianjin insurance losses up to $3.5 bln - Alternative reinsurance capital to grow influence in Europe - Jordan – Arab Orient Insurance plans acquisition - Importance of ILS to capitalise post-event - Qatar Central Bank issues executive insurance regulations - Oman – Regulating investment insurance products - Bahrain – Launching “motor accident fund” - Egypt – Proposal to assign insurance disputes to economic tribunals - Saudi Arabia – National Transformation Program supports health investment - Qatar – Insurance as 1.5% of GDP - USD 5.5 billion GCC spending on overseas treatment annually - Health insurance for 6000 old aged cases in Sharjah soon - Kuwait – Implementing soon health insurance for retirees - Weak reinsurance market conditions to continue - Actuarial body issues best practice for operational risks - Small cats, big problems - USD 200 million energy insurance premiums lost in GCC - KSA - Financing and mortgages could boost insurance demand - Egypt – Negotiations with reinsurers interrupted by USD crisis - To enter emerging markets ILS needs to educate - Oman – Security and safety at industrial facilities - Egypt – 30 thousand customers “declined” in life insurance - India may penalize delays in crop insurance settlements - Reinsurers creep closer to breakeven - Iraq – call for compulsory insurance law - Egypt – Competition on the coverage of 13 million workers - Cedants’ strategies changed by risk appetite statements - Reinsurance reserve releases to slow - Insurance sector quadruples M&A activity - Europe - Financial literacy key to growth and stability - UAE - Launching motor insurance electronic portal - Jordan – Government incentives for insurers’ mergers attractive - Munich Re stashes cash to counter negative rates - UAE – 25% increase in health insurance prices - Jordan – Incentives for insurers to merge - Reinsurers won’t be on systemically important list - Reinsurers average return on equity tumbles in 2015 - Saudi health ministry: We did not set year 2020 for health insurance - Qatar – Toward the reform of motor insurance policies - Kuwait – Kuwait Insurance Federation to raise qualifications - Egypt – Insuring imported equipment affected by EGP decline - Munich Re forecasts lower profits and competitive pressure - Saudi Arabia – “Najm” is a non-profit service company - Qatar – Shifting health insurance to private sector - Algeria – Paying electronically for motor insurance - MENA insurance markets resilient - Gulf insurers will launch a fire risk fund - Saudi Arabia – policyholders’ protection law among the best - Lebanon – Life premiums increase to USD 471 million in 2015 - Evolving market forces reinsurance model to rethink - UAE – Car agencies keep old spare parts - Reinsurance is currently extremely efficient capital - UAE – Weak control over health insurance claims - UK – Different impacts of underwriting on Solvency II - AIG in two-year casualty deal with Swiss Re - UAE – Licensing and registration rules for actuaries - Saudi Arabia – CCHI denies family should be insured by same insurer - Meiji Yasuda acquires StanCorp Financial for $5bn - Reinsurance rates to soften more at renewals - Saudi Arabia – Insurers’ capital increase is not a solution - Saudi Arabia – 7 challenges face health insurance - Afro-Asian Federation asks for political insurance pool - Arab Insurance Institute and LOMA: agreement signed - UAE – Differing increases in motor insurance prices - Bahrain – Unified motor policy and claims rules soon - Egypt – Motor insurance prices up by 18% driven by USD - Tunisia – Prison for insurance fraud cases - UAE - Woman to pay Dh3 million for crash caused by minor son - India's health protection gap is the biggest - UK - Insurance industry prioritises big data in 2016 - Reinsurance rates to continue declines at mid-year - Oman- Establishment of a common model of motor insurance - Morocco- Moroccan insurance supported by the life class of business - Saudi Arabia – Foreign consultant studies insurance prices - Europe's insurers turn to risky property - Risk transfer can help bridge Africa’s protection gap - Saudi Arabia – 125 companies to implement IFRS - Lebanese-French mutual insurance cooperation - Saudi Arabia – Strengthening insurance culture to develop business projects - Egypt – Dollar currency weighs heavily on insurers - Kuwait – “Money laundering dept” at Ministry tackles insurance - UAE – Insurance Authority consults national companies - Egypt – Marketing the feasibility study of Egyptian reinsurer - Gulf Health Council: Insurance in KSA is weak - Reinsurer margins to erode further - UAE – AED 106 million losses of 29 insurers in 2015 - Profitability a challenge despite reinsurance rate stabilization - UAE – Necessity of insuring building design errors - Qatar – Demands of hospitals in new health insurance system - India - Indebted farmers seek subsidies and insurance - UAE – Requests for compulsory insurance on buildings - UAE: 1 billion $ abused in medicines and tests in health insurance - Egypt – Total health insurance premiums at EGP 3.5 billion - Egypt – 62% of the insured have chronic diseases - Alternative reinsurance capital & ILS fueling innovation - UAE property insurance premiums to soften despite blazes - UAE – “Daman” pays 8 million in a single treatment - Egypt – Insurers aim at collaborating with “Traffic” authority - Egypt – Launching an insurance awareness website - UAE – Motor insurance price increases for the aged - Kuwait – Insurance market not powerful and not regulated - Egypt – Long term expectations of insurance still positive - Capital Adequacy Is Key Strength of Reinsurers in Difficult Market - Saudi “Health Council” controls hospitals - Iraq – Supporting insurance with legislations boosts growth - Egypt – EGP 60 million to insure civil nuclear liability - UAE – Life insurer initiative with AED 1 billion capital - Reinsurance challenges more than a soft market - UAE – Insurers have to mention premium value - UAE – Increasing demand for insurance of lawyers’ risks - UAE – Dubai Real Estate regulator imposes insurance on buidings - UK- Regulator questions higher life expectancy reinsurance - Jordan – Insurance regulation from Ministry to Central Bank - Saudi Arabia – Privatization of health: Which direction? - Indonesia Offers Vast Potential for Takaful - Reinsurers reserves running low - Saudi insurers need mergers and restructuring - Misr Life insurance reveals EGP 29 million contract fraud - Reinsurance cycle won’t turn until situation is critical - UAE insurers’ transition to tougher norms - Insurance prices of Saudi cars highest in Arab region - Oman – Premiums increase to OR 466 during 2015 - Jordan – Insurance premiums increase to JOD 551.5 million - Egypt – Dollar appreciation increases insurance losses - UAE – Injured transportation fees raise insurance fears - UAE – Agencies are not respecting replacement car rule - Accenture to provide services to RSA for 6 years - Run-off market to attract more ILS - Saudi Arabia – Real estate developers to secure decennial insurance - UK - greater oversight of longevity risk transfer - Bermuda’s regulation enhances business opportunities - Egypt – Insurers consider entering the stock exchange - Egypt – Promising opportunities for health insurance - UAE – Bancassurance under supervision - Life insurance sector premiums at AED 7.5 billion in UAE - P&I Sector’s Underwriting Discipline to Be Tested - Greater transparency could encourage ILS sector growth - Saudi Arabia – Health insurance represents 52% of premiums - Health Authority in Abu Dhabi: 2800 insurance violations - Bahrain – Uniform motor insurance policy by mid-year - Egypt – Policyholders’ protection fund maintained in law - Egypt – Takaful premiums reached EGP 1.9 billion in November - Lloyd’s - need to do more R&D - UAE – Reinsurers withdraw from health insurance - Some reinsurance lines no longer meeting cost-of-capital - Gulf insurers: “Capable of overcoming crisis” - Insurer companies: “race for Iran oil could be false start” - Takaful at a crossroads - Munich Re reflects reinsurance pressure - Saudi Arabia – Decisions of “Health Council” affect investments - Insurance Europe supports pan-European pension - Signs of rates stabilising in competitive reinsurance market - Prices & terms eroded at January reinsurance renewal - Growth expectations in the Gulf despite challenges - Egypt – Strong decrease in life insurance issuance - ILS & cat bond market stabilised in 2015 - Saudi Arabia – 6.5 million uninsured cars - UAE – 10% growth insurance premiums in 2015 - Lebanon – Insurance profits USD 140.96 mln in 2014 - Egypt – Blacklist for high loss insurance customers - Energy insurance shortfall, an opportunity for ILS - Saudi Arabia – Possibility of mergers between small insurers - 90% of population registered in health insurance in Dubai in 2016 - Egypt – Insurance premiums of natural risks as 25% of claims - Egypt – Re-examination of the health insurance draft law - UAE – Motor insurance prices increased by 25% - M&A to continue for Bermuda reinsurers - UAE – Companies compelled to inform customer on orange card - Profits of Saudi insurance sector increased by 13% during 2015 - Large European reinsurers meeting cost-of-capital - Reinsurer reserves releases to shrink - GIC Re wants to be among top 10 global reinsurers - Owners of Dubai high-rises urged to check insurance - Saudi Arabia – Vehicle price increase won’t affect premium - UAE – Uniform motor insurance policy is very late - Oil crisis will have no mercy on Kuwaiti insurance sector - Saudi Arabia – SAR 200 increase on domestic worker insurance - UAE – Fear of arson at warehouses - India - Six foreign reinsurers apply to open branch offices - Saudi Arabia to consider reforms to social insurance - UAE – Case for sports cars insurance through agencies - Aviation market sees rates fall 25% in December - Cat bonds hit new high, corporate interest to drive growth - Saudi Arabia – Linking brokers and insurers to control claim - Africa Re increases capital to $500 million - Risks in non-life reinsurance skewed to the downside - SAMA sets committee to examine insurance price increases in KSA - Saudi Arabia – No additional premium to cover vehicle passengers - Impossible for industry to achieve 10% ROE in 2016 - Kuwait – Insurers cannot claim car wreckage - Egypt – Insurance brokers agree to form federation - RSA to establish presence at Lloyd’s - UAE – Insurance covers multi-vehicle accidents - Egyptian Insurance Federation to cooperate on health insurance - Lloyd’s insurers take advantage of soft reinsurance - Egypt – Seminar to discuss the recurrent fire accidents - Allianz sees 10 more years of low interest rates - Reinsurers as gatekeepers of risk: AM Best - China’s $41bn of 2015 catastrophes uninsured - Hurricane Alex forms in Atlantic, a rare January storm - Capital markets now supply over 50% of retro capacity - The Gulf insurance sector is seeking profitability - India - Health insurers to pass on discounts given by hospitals - Renewals show ILS expanding, entering new reinsurance markets - Insured catastrophe losses 31% below average in 2015 - Saudi Arabia – No insurance for war reporters - Egypt – Workshop on insurance and protecting competition - Egypt – New health insurance law overcomes problems - Egyptian insurance federation activates agricultural cover - Over £20bn of longevity hedges expected in 2016 - USA - Attorneys general joining probe of health insurer mergers - Saudi Arabia – Weak people burn warehouses intentionally - Qatar – QR 10 billion insurance premiums in 2015 - Health insurance an opportunity to build an Arab human capital - Evidence that reinsurance underwriting cycle is dead - Jordan – Health Insurance Study delayed - Signs of discipline despite soft reinsurance market - Reinsurance sector no longer earning its cost of equity - UAE – Increased participation costs in motor insurance - Egypt – Debate about marine hull insurance deductibles - USA - Reinsurance Head addresses Climate Change - Saudi Arabia – Council of Competition does not intervene in insurance prices - UAE – Insurance affected by oil price decreases and challenges - Reinsurance prices near cost-of-capital - Saudi Arabia – Regulations of actuarial work issued - Saudi Arabia – Health Insurance adopts electronic framework - Qatar – Tender to choose insurers to provide coverage for citizens - Morocco – Minister of Justice blames insurers on car accidents - Tunisia – 10% increase in prices of motor insurance against liabilities - Arab Insurance Awareness Association launched - Gulf – Some markets grow during crises - Rates adequate, returns near cost-of-capital in Lloyd’s renewals - Alternative reinsurance capital growth outstrips traditional - Saudi Arabia – Questions about insurers - Qatar – New health insurance more comprehensive - Qatar – Insurers and traffic department electronically linked - Jordan – Coordination between civil defense and insurers - ILS discipline slows reinsurance softening - Reinsurance renewals see price stabilisation hopes dashed - Egypt - Hospitals’ capacity concerns ahead of health insurance bill - China Provides Private Health Insurance Tax Relief - Egypt – Insurance Federation seeks to limit marine losses - UAE - Insurance and pension sector growth expected - UK floods need adequate insurance and faster response - Lebanon-Insurance sector grows in premiums and profits - Some European renewals aggressively priced below expected loss - Emirates ID to also substitute for Insurance Card by 2016-end - Egypt- A new Social Health Insurance law is offered to the Syndicates for review - Saudi Arabia- Creating a database dedicated to motor risk - Partnership between the Supreme Council of Health and insurers to ensure quality and competitiveness - A boom for life insurance companies after entering the digital era - UAE insurers face tougher outlook as earnings pressures rise - UK- Plans unveiled to stop fraudulent compensation claims for minor injuries in car crashes - UK flooding could wipe 0.2pc off GDP - Insurance Companies’ Share of Egyptian Health Expenditure Does Not Exceed 4%. - Suez Canal Life Insurance to attract Egyptian community in Kuwait - ACE’s Global Reinsurance Faces Stiff Competition - Egypt - 6 insurance companies pump 583.5 million pounds in their capital base - Saudi Arabian insurers intend to price their motor insurance according to the conduct of each client - Qatar’s health insurance program Seha is being suspended - UAE- Reduced demand for coverage in the engineering and marine insurance - an officer at the “Council of Saudi Chambers “: the increase in insurance rates is unjustified - Egypt –The waste of billions in health insurance is behind the aversion to hospitals - African Risk Capacity: Insurance For African Development - Saudi Arabia - Health insurance companies to be fined for delaying approvals - Kingdom of Bahrain - "IFSB" looking into a draft on guiding principles for Re-Takaful - Reinsurance may be ‘uglier’ than expected in 2016, negative outlook: A.M. Best - UAE: Insurance Authority imposes companies the inclusion of the premium in motor insurance policy - Amman: Senate approves proposal for Medical Accountability bill - Saudi Arabia - Only 3 million Saudis have health insurance - UAE – Calls to decrease the insurance prices of sports cars - Lebanon – Does our country want health insurance for its citizens? - M&A could stabilise reinsurance rates, but reduce demand in 2016 - Lebanon – Insurance is essential in economic framework - AIG authorises repurchase of up to $3 billion shares - Reinsurance rate pressure may be greater in 2016 - Saudi Arabia – Penalizing insurers which delay treatment - Oman – Recommendation to found Agricultural insurer - Axis reinsurance arm to open Dubai office - European Council adopts insurance distribution rules - Saudi Arabia – 4 insurers represent 56% of market - UAE – Companies save on health insurance - Warren Buffett continues to dial back on reinsurance - EIOPA emphasizes risk-adequate reinsurance pricing - Saudi Arabia – Motor insurance prices increase by 100% - Egypt – Insurance Federation prepares database manual - Egypt – Opportunities for best reinsurance conditions - Jordan – Health insurance instructions for house maids - Kuwait – Health Insurance on visiting “Cards” - Towers Watson and Willis Approve Merger - Reinsurers expect much of the same at January renewals - UAE – Policy cost increase weakens car sales - Jordan – Electronic link between licensing and insurance federation - ILS continues to attract investors, will further pressure reinsurers - Solvency II ratios don’t reflect economic capitalization - Oman – Health premiums at OR 107 million with 37% growth - Accenture takes life insurance into cloud computing - Egypt – New insurance licenses will be linked to market needs - Government will finance health services for Bahrainis - Algeria – Insurance Business exceeds DA 101 billion in 9m - Reinsurer earnings deterioration obscured, pressure continues - US - Entrepreneurs Raise $13 Million to reinvent insurance - UAE - Earnings and regulatory pressures on the rise - Bahrain – Insurance sector continues growth in 2014 - UK - Regulator approves all solvency internal models - Jordan – Calls for independence of insurance regulators - UAE – Insurance profits expected to decrease by 10% to 15% - Jordan – Launching of Arab seminar on credit rating - Afro-Asian FAIR to launch political violence pool - Egypt – Insurance sector expects new laws in parliament - UAE – Insurance profits expected to decrease by 10% to 15% - Jordan – Launching of Arab seminar on credit rating - Afro-Asian FAIR to launch political violence pool - Egypt – Insurance sector expects new laws in parliament - Egypt – Issuance of decennial liability insurance - Risk transfer to protect emerging economy agriculture - Financial Stability Board launches climate disclosures - Morocco to follow best practices in insurance - Zurich Insurance Increases Job Cuts, Relocations by 1,800 - India - IRDAI's new reinsurance norms favor GIC - Bank of England warns on soft market discipline - Egypt – Insurance companies can issue standardized policies - Saudi Arabia – Health insurance does not cover motor accident treatment - Qatar – Rain damage insurance claims - Bahrain – A school insures tuition fees - RGA to reinsure $22 Billion Block of Life from XL - African Risk Capacity covers organisations & NGO’s - Kuwait – Necessity of supporting industrial and construction sector - Bank of England to review alternative capital risks - Bahrain – Regulator will issue decisions on motor insurance - UAE – Insurance Premiums AED 33.5 billion with 11% growth - Egypt – Life insurance premiums increased by 37% - Ban Ki-Moon, Obama in insurance pledges at Paris climate talks - Saudi Arabia – Supervision on health insurance prices - Egypt – Insurance seminar on recurrence of fire accidents - More progress on Solvency II decisions needed - Saudi Arabia – 99% of people without home insurance - Bahrain – Parliament seeks motor insurance supervision - No one better to manage world’s risks than insurers - German insurance watchdog seeks regulatory calm - Saudi Arabia – Companies started receiving heavy rain claims - Zurich insurance will stop non-life in Middle East - Munich Re receives approval for Solvency II internal model - European Commission finds Bermuda fully equivalent for Solvency II - UAE represents 44% of Gulf insurance premiums - Insuring nuclear facilities in Egypt - Capital a determinant in ongoing insurance rate decline - Expansion of Arab Insurance Federation’s trainings - Saudi Arabia – Health investments are successful yet difficult - Terrorism reinsurance fund to help Parisian businesses - Normalised cat losses to threaten reinsurers - More ILS capacity to enter market post-event - Saudi Arabia – Health insurance on visitors soon - Egypt – The Insurance Market averts risks - Global losses hint at broadening ILS - Insurance Authority and Abu Dhabi Global Market sign a Memorandum of Cooperation - Saudi Arabia – Insurance risks higher in Jeddah - Local market competency invaluable to smaller reinsurers - Financial Stability Board addresses climate risk - Large British Insurers exempted from EU Audit Rules - Egypt – Expanding customer base compensates reinsurers exit - 68 traditional re/insurers commit to Climate Risk Statement - Alternative capital forced reinsurers to adapt - Saudi Arabia – 90% not covered against natural perils - UAE – Higher fees on comprehensive motor insurance - Europe - solvency swings as rule launch looms - Jordan – The profits of 24 insurers decrease by 18% - Egypt – Relationship with reinsurers negatively affected by Fire results - EU regulator seeks consistent insurer models - Alternative capital to compress reinsurance cycle - Lack of predictive modelling a factor limiting ILS casualty growth - UAE – Compelling insurers to cover hospitalization claims - Jordan – Insurers will collect traffic contravention fines - Egypt – Issuing standardized insurance policies electronically - Saudi Arabia – Insurance brokers exposed to losses - Egypt – Insurance corporate governance limits risks - Kuwait – Implementation of retirees’ health insurance - Egypt – Insurance competition to cover 1,000 tourism guides - Cedants centralising reinsurance purchases - Egypt – Necessity of appointing actuaries in Takaful companies - Brazil - Insurers Face Claims of $600 Million - Egypt – Examining the results of Fire reinsurance treaties - Supply demand imbalance to lead reinsurance prices down - Saudi Arabia – 20% increase in health insurance cost - Tunisia – Speeding insurance claim settlement - Catastrophe bond returns higher in 2015 - Renewal of price wars between Saudi insurers - Emirati insurers to settle emergency costs - Kuwait – Cancelling health insurance for residents is not feasible - Saudi Arabia – Limiting the abuse of the visitor policy - Reshaped reinsurance can support sustainable development - Arab premiums reach USD 33 billion with 11% growth - Asia-Pacific reinsurance buyers benefit from market - UAE – Decreasing prices at the expense of quality - Foreign lobbies ask China to revise cyber insurance rules - U.S. P&C rates down 3.1% in Q3 - Egypt – Negative implications of dollar appreciation on reinsurance - Reinsurance sector retains strong base despite headwinds - Asia-Pacific disaster losses hit half a trillion dollars in 10 years - New Zealand earthquake loss continues deterioration trend - US - Cheaper reinsurance helps home insurers - Egypt – Draft law submitted to government before year end 2015 - 12% share of “Takaful insurance” in Egypt - Changing regulation will drive demand for reinsurance - Shanghai will emerge as a reinsurance hub - Aviva to underwrite home assistance policies in UK - India - Norms for foreign reinsurers to open branches - Saudi insurers act as investment companies - UAE – 80% of insurance frauds are not detected - Swiss Re plans share buyback next month - Saudi Arabia – Insurance policy for property valuation - 11% annual growth rate in Emirati insurance sector - Swiss Re unlikely to be major player in M&A - Africa Re and ILO sign microinsurance agreement - Property and casualty insurance to soften further in 2016 - Solvency II highlights importance of good governance - Saudi Arabia – Insurance prices increase by more than 100% - UAE – Increasing motor insurance prices prevents claim delays - Kuwait – Takaful insurance proposal for medical malpractice - Egypt – Engineering committee completes survey model - Saudi Arabia – Safety in industrial areas - The Dubai police organizes 1st insurance forum - Bahrain – License of a Gulf insurance company studied - Egypt – Terrorism in accident policies not covered by reinsurers - Oman – Training programs for the insurance sector - USA - Humana shareholders approve merger with Aetna - Jordan – New insurance dispute settlement committee - Egypt – Revolution in insurance awareness with financial supervision - Historical EU windstorm losses could be unprecedented - Tianjin loss may help moderate reinsurance prices at 1/1 - Gulf insurance market toward further growth - Calls to initiate actuarial academic degrees in UAE - Only licensed Saudi factories to obtain insurance compensation - Moody’s: Egyptian insurance market promising - Motor insurance prices to increase 30% in KSA - UAE – Insurers intentionally avoid compensation - Qatar - Conflict between motor insurers and beneficiaries - Egypt – Weakness of Microinsurance market - Reinsurance prices could fall double-digits in January - Saudi Arabia – Insurance fraud decreased by 3% - EU & US insurers renew call for Transatlantic inclusion - Obamacare Sets 2016 Enrollment Goal of 10 Million - Big data models to help ILS into casualty risks - Vulnerable 20 nations to establish climate risk pooling facility - UK’s duty of responsibility extends to insurance executives - Big data models to help ILS into casualty risks - Vulnerable 20 nations to establish climate risk pooling facility - UK’s duty of responsibility extends to insurance executives - Unified motor insurance policy in UAE before year end 2015 - Reinsurance to remain tough but rate declines to slow - The challenges of the Arab reinsurance market - Arab Insurance Council - Saudi Arabia – Electronic issue of insurance for visitors - US - Negative insurer ratings outnumber positive in H1 2015 - Egyptian Federation wants to market Egyptian reinsurer - Arab Re's family wishes you Happy Hijri Year 1437 - أعاد الله عليكم كثيراً من أمثالها. كل عام وأنتم بخير - Actions to regulate insurance in the GCC - SAMA to settle disputes of Saudi insurers with transport companies - Qatar – The health insurance budget under stress - Cyber insurance premiums rocket after high-profile attacks - Saudi Arabia – “Retirees” submit requests to Ministry of Finance - UAE – Insurance companies delay due settlements - TowersWatson shareholders against merger with Willis - UN report highlights climate & disaster risk transfer - Qatar – Increase of government’s support to health by 34.3% - Egypt – Insurers should promote liability insurance - Multi-national re-insurance brokers violate Indian laws - Analytics reshaped the reinsurance value chain - Saudi Arabia – Insurance prices left to supply and demand - Bahrain – President of Supreme Health tackles national health insurance - Egypt – Insurance sector considers natural risk pool - UK Insurers to appoint whistleblower manager - Saudi Arabia – Insurers tend to change their policies with hospitals - IRB Brasil IPO suspended as market turmoil worsens - India - Foreign reinsurers may repatriate profit - 41% of Saudi insurers should improve risk management - Saudi Arabia – The Educators ask for health insurance - UK - Market conditions remain tough in non-life - KSA – The Insurance Sector and the program proposal - Jordan – Domestic worker insurance policy regulations - Egypt – The development of Takaful related to GCC holdings - If MetLife Is Tagged As Systemically Risky, Why Isn’t Berkshire Hathaway? - New reinsurance reality – Lower returns, underwriting focus - Engineering insurers must better tackle political risk - UAE – Insurance service for cars at fuel stations - UK to introduce damages for late claims payment - India - Reinsurance norms to be finalised soon - Islamic economy growing at nearly double global rate - Saudi Arabia – Insurance cards for retirees above age 60 - Bank of England: Insurers Exposed to Climate Change - Reinsurance demand to increase in 2016 - Profits of Saudi insurers will improve this year - Insurance industry must help end poverty - Buffett reduces shareholding in reinsurance firm Munich Re - Walid Genadry Distinguished Fellow of IAIS - Airbus and Atos to Create Cyber Security Products - Reinsurance cycle signals reduced payout period post-event - UK watchdog bans default selling of additional general insurance - China - Life insurance pricing mechanism liberalized - New reinsurance demand expected with Solvency II - Buyer's market continues as reinsurance rates keep falling - USA - Health Insurer CEOs Defend Big Mergers - Sub-Saharan Reinsurance Markets Attract Capacity - Reinsurance M&A ‘mega deals’ an opportunity for ILS - Ace Group introduces new $100m Global Cyber Facility product - Engineering premiums in UAE reach AED 1 billion in 2014 - Overcapacity Weighs on MENA Reinsurers - US - Antitrust lawmakers concerned about insurance mergers - China -Insurance regulator to gain increased power - HCC Insurance approves acquisition by Tokio Marine - Reinsurers as capital market transformers - The reinvention of the reinsurance broker - Insurers must be prepared as Solvency II approaches - Arab Re's Family Wishes You a happy "Eid Al Adha" - شركة إعادة التأمين العربية تتمنى لكم عيد أضحى مباركاً - Saudi insurers to Transport committee: Your statistics are inaccurate - UAE – Insurance pricing rules for cars soon - Zurich drops RSA bid and focus on profitability - UAE – Truncated insurance claims - Bahrain – Health Insurance for scholarship students - China Re Wins Hong Kong Stock Exchange Approval - UAE – Insurers delay vehicle repair procedures - Insurance Sector Struggles to Innovate - The cheapest reinsurance is not always the best - UAE – Agreement between licensed brokers and intruders - Egypt - Temporary Judge Insurance Policy issued by Public Insurers - Egypt – Federation to apply political violence insurance on tourists - Towers Watson to buy Canadian insurance technology business Brovada - Reinsurance margins heading below acceptable returns - Jordan – Instructions allowing insurance mergers - UAE – Companies increase motor insurance prices because of age - Jordan – Premiums grow by 7% reaching JOD 525 million in 2014 - Lloyd’s considers writing experimental risks - Willingness to adapt has protected reinsurance ratings - The Riyadh chamber wants to set motor insurance pricing - Egypt – Competition is burning “Fire” insurance - Suez Canal Project raises the credit rating of Egypt - Towers Watson launches vGrid - London reinsurance market needs true innovation - XL Catlin launches new crime insurance policy in US - Alternative capital firmly embedded in reinsurance - Value of reinsurance M&A so far unclear - Saudi Insurance Companies cover coronavirus - Reinsurer capital totalled $565bn - Signs of rationality in reinsurance, as capital growth slows - Foreign companies won’t enter the Saudi insurance market - Alternative reinsurance capital to have profound effect - Mitsui Sumitomo buying Amlin in $5.33bn deal - Saudis tend to buy the cheapest insurance - Qatar – “Kafa'a” opens dialogue with insurance leaders - Egypt – EGP 1.1 billion Takaful insurance premiums in H1 - Diversified reinsurers risk continuation of pricing pressures - The Saudi Insurance sector reached SAR 18 billion in H1 - Reinsurance has an identity crisis - Fastest Insurance Growth in MENA - Tianjin blasts insurance loss as much as $3.3bn - Fitch: 2016 Reinsurance sector outlook negative - New EU insurer capital rules from January 2016 - Reinsurers’ management of catastrophe exposures diverges - Capital markets have role to play in Asian flood risk - Survey of Insurance Accounts in UAE by 2015 - Jordan: A Vision to solve the problems of nationals with the obligatory Insurance - SAMA requested to stop the abuse of Saudi insurers - Lebanon – Insurers do not cover psychiatric treatment - Compulsory insurance on police and army in Egypt - Legacy of Hurricane Katrina – Reinsurance capacity bubble - Kuwait – 7 companies proposed retirement health insurance - Bahrain – 2 banks and 4 insurers licensed in 2015 - The Egyptian market can absorb additional insurers - Monitoring Saudi insurers removed the challenges and raised performance - S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model - Vast capacity for Asia reinsurance market to grow: Fitch - Takaful Insurance can Cover the Travel of Pilgrims - US group urges China to open insurance, securities markets - Algeria: Life insurance in decline - Health insurance is staggeringly uncompetitive in America, and is poised to get even worse - Alternative reinsurance capital to persist, despite being untested - Egypt: Presidential Decree to Amend the Insurance Supervision and Control Law - FBD: Short-term insurance gain has yielded long-term pain - Monte Preview: M&A mania to continue - Losses of the Gulf Exchanges in August Totaling nearly Half of their 2015 Budgets - Survey of Global Executives Reveals Business Threat of Poor Risk Oversight - UK: Over 4,000 fraudulent insurance applications made every week - Saudi Arabia: Minister of Health reviews the SHIB project - 61 per cent of Dubai Residents’ Homes are Uninsured - S&P warns on reinsurers protecting profits through reserve releases - Egypt: An insurance scheme for natural disasters - Illegal vehicles.. big losses to the state treasury, insurance companies and the "Fund" - Road transport pumping 300 million riyals annually in the insurance market - Saving for retirement trend growing in UAE: Survey - The Economic Legislation agrees the amendments to the Capital Market Law in Egypt - ILS market growth should not be at the expense of discipline, S&P warns - Banks to pay back two million conned by useless card insurance - Misr Insurance wins power contracts worth multi-billion Egyptian pounds - Biggest reinsurance firms putting their risk management to the test - Saudi Arabia to discuss mandatory health insurance for visa applicants - UAE: Extending the deadline for composite insurers to comply with the news rules for one more year - Chinese property firm plots big Asian reinsurance start-up - Saudi Arabia: Orphans to be provided with medical insurance cards after Eid Al-Adha - Insurers Look to Cyber, M&A Coverage as Prices Decline for 9th Quarter: Marsh - Allianz, Zurich receive damages claims from firms affected by Tianjin blasts - Tunisian insurance sector has yet to reach its potential - Huge Explosions & Fire in Chinese Port of Tianjin Kill 44 - Medical services in Egypt: Misery offered for Miserable People - Many threats affecting the largest Arab economy - Qatar - A mistake to open the door to private health insurance - The Council of Ministers in UAE grants 1 year for insurers to regularize - Saudi insurance sector profits rise 60% in the first half of 2015 - UAE’s insurance sector the fastest in growing - ILS and cat bond investor discipline helps market stabilize - Lebanon – Penalty Fees for not insuring the Car: 1 Million LBP - Reduction of the waiting period of ships in the Suez Canal lowers the cost of insurance - XL launches $1bn share buy-back - Saudi Arabia – Advanced system eliminates fake insurance - Egypt – Establishing a natural risk pool against earthquakes - Supreme Health Council stops insurers from providing services to Qataris - Jordan – JOD 141 million health insurance premiums - AIG Focuses on Integrating Japan Businesses - Egypt – Capital increase of 7 insurance companies - Hannover Re sees reinsurance price pressures easing - Rating agencies skeptical on PartnerRe’s future - Marsh Completes Acquisition of UK-Based SME Insurance Services - AmTrust to acquire Monsanto subsidiary’s crop insurance business - PartnerRe agrees sale with Exor - Jordan – The Ministry of Industry penalizes insurers for raising rates - Kuwait – 105 thousand citizens benefit from retirement health insurance - Foreign reinsures obtain half of the premiums in UAE - China Reinsurance files for Hong Kong IPO seen at up to $2 bln - An uncertain future for Bermudian re/insurers - Towers Watson releases new data validation software tool - Netherlands - Insurer under fire after refusing breast cancer treatment - Stiff competition results in softening energy market - UK’s Allianz Insurance Partners with Pentura for Cyber services - Egypt – Growth of marine insurance conditioned on Shipbuilding - Regulation to drive contingent capital use in reinsurance - Alternative capital a supplement to traditional sources - Health insurance for visitors of KSA is electronic at 8 companies - UAE – Insurance companies abuse the free zone law - Geneva Association Study Analyzes Asian Flood Risks - More data needed to help alternative capital into new risks - Jordan – Increasing the fee related to compulsory motor is illegal - IAIS consults on controversial G-SII requirements - Compulsory PI cover spreads around the world - KSA – 1585 complaints against insurers in a year - Zurich weighing up bid for RSA - UK’s Aviva to Target $3.9B in Renewable Energy Investments - UAE - IA and Emirates ID consider linking their databases electronicall - China approves Anbang's takeover of Dutch state-owned insurer - Jordan – Warning about insurance intermediaries - Egypt – Financial Supervision experts examine the German experience - Iraq – Insurance suffers from the international sanctions’ repercussions - ObamaCare blamed for insurer mega-mergers - Generali Acquires MyDrive Solutions, a UK Data Analysis Firm - Reinsurance prices to continue decline into 2016 - Saudi Arabia – New car owners are denied vehicle’s previous insurance - Aviation rates keep falling despite losses - After the M&A, reinsurance deals face post-transaction challenges - A health insurance policy for visitors of KSA - Egypt – Coverage of visiting tourists left to companies - Takaful in the Gulf: Big challenges and strong competition - Saudi insurers have to examine driving records - Calls to control the motor insurance market in UAE - Capital & data challenge the reinsurance value proposition - Health insurance coverage of all Jordanians under study - The Moroccan government commits to extend health insurance - Reinsurance M&A creates opportunities, but is bigger actually better? - The Emirati Insurance Authority polls opinions on Vehicle portal - Saudi Arabia – Mergers could marginalize insurers - United Arab Emirates – Insurance Authority: ambulance fees are low - The Egyptian market does not attract “reinsurers” - Insurers in the Middle East use cloud computing analysis - M&A won’t stop the tide of reinsurance price declines - Saudi transport companies look for alternatives to expensive insurance - Slowing reinsurance price decline a “glimmer of hope” - Excess capacity, new capital main concern of reinsurance industry - Saudi insurers raise the prices of “Third Party” insurance - Luxembourg insurance sector reflects on "encouraging" year - Exposing UK Insurance Frauds Saves $5.58 Million a Day - Softening reinsurance market threat greater than opportunities - Kuwait – 20% increase in insurance revenues with car license reform - Egypt – “AXA” and CIB bank sign life and savings agreement - Egypt – microfinance will help cover non-payment risks - Florida property catastrophe reinsurance rates down 8.5% - Saudi Arabia – SAMA and Health Council coordination to strengthen efficiency - UK regulators insurance stress test to produce telling results for ILS - UK - Insurance giants will be forced to explain rate increases - Dubai moves fast on all-inclusive health insurance - Saudi Arabia Monetary Agency: Insurance on public facilities and KSA visitors - Jordan – “Ministry of Industry” issues insurance guide - Bank of England: Insurers’ capital level appropriate - Saudi Arabia – The Health Insurance System met its strategic targets - Saudi Arabia – When will health insurers fix their situation? - Governmental support needed to break into new risks - UK insurance premium tax hikes to 9.5% - Saudi Arabia – Traffic activities and insurance to be electronically linked - Egypt – 3 banks study the establishment of the contractor union’s insurer - Fitch: US Hospitals Well Positioned for Insurer Consolidation - European reinsurers to focus on emerging markets - US power grid cyberattack could cost $1tn - UAE – The 2014 Annual Report of Insurance Activities issued - Qatar – Consultative Assembly approves health insurance recommendations - XL Catlin launches operational risk solution - Reinsurance can protect against “new catastrophes” - UAE – Insurance Authority launches automatic renewal of insurance branches - 357 thousand Saudi companies offer healthcare to members in 2014 - Over half of insurance CEOs see tax burden as threat - Flood Re prepares to secure £2.1bn reinsurance cover - United Arab Emirates – Car agencies impose immediate insurance settlement - UK should be “at the cutting edge” of ILS - EIOPA delivers advice on insurance-based investment products - 6 health insurers are suspended for not respecting regulations - Operations of “Saada” health insurance started in Dubai - Alternative reinsurance capital hits $66bn - Reinsurance Industry Faces an Uncertain Future - Jordan – Total insurance premiums increase by 12% - Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals - Factory fire in the Sultanate of Oman shows importance of insurance - Reinsurance implications of Chubb acquisition by ACE - Dubai links residency to health insurance by end of month - ACE buys upmarket Chubb in biggest ever insurance takeover - Endurance & Montpelier Re get key shareholder approvals for merger - The council of cooperative health insurance plays a vital role in Saudi Arabia’s insurance sector. - Willis & Towers Watson to merge creating $18bn broking giant - Iraq – legal junction at the opening of insurance offices near border crossing - Saudi Arabia – Entry of government hospitals in health insurance is a game changer - UAE – The “Ministry of Health” cooperates with insurers - Pension Corp. in £1.6bn longevity reinsurance deal - Troubled insurers in Saudi Arabia face the option of mergers - The World Bank in Bahrain to start the comprehensive health insurance - More threat, more opportunities: Re/insurance 2020 - Global Insurance Regulators Postpone Tougher Capital Standards - Bahraini “Takaud” considers creating a Takaful company in Egypt - Nearly half of insurers lack formal innovation strategy - Solvency II likely to be “major development” for ILS market - Cyber breaches cause average $1.1m loss for nearly four in 10 businesses - Re/Insurers Ponder the Impact of Human-Caused Earthquakes - UAE – The transparency and governance of the insurance sector - Increased portability and efficiency of capital in reinsurance - ILS market to double in size within five years - URALSIB first to deploy SAS Fraud Framework for Insurance in Russia - Opportunity to find supply/demand equilibrium in reinsurance - Re/insurance premium growth returns in 2014, profitability down - United Arab Emirates – Mental Health - Jordan – Al Wazani asks the government to speed the insurance law issuance - UK - Insurers, Bankers Can’t Be Scared - Re/insurance at heart of disaster & climate risk discussions - 41% of insurers in KSA and UAE toward improving risk management - Lebanon – Material damage TPL compulsory insurance in process - UAE – The Insurance Authority seeks to uncover money laundering - UAE – Insurance Authority seeks to classify the garages - World Cup Insurers Face Many Claims - Swiss Re to Expand Infrastructure Investments - Casualty reinsurance, advantageous but high entry barrier - Saudi insurance companies: Our prices are not excessive - UK - Aviva investigating 15,000 suspicious motor insurance claims - Half of reinsurers planning major IT investment - Reinsurers face "structural crisis": Munich Re Canada - 9 companies compete for the electronic health insurance system in KSA - UAE – What happens between insurers an car agencies? - UAE – Health insurance fraud issues - Bahrain – Amending health fees is positive for health insurance - Kingdom of Saudi Arabia – Insurers save millions due to public hospitals - UAE – Companies decline health coverage in the last hours - Willis launches solution to help pensions access longevity reinsurance - Qatar – Criticisms about cost increases and non-controlled health insurance - Lebanon – Growth of insurance sector continues despite difficulties - Egypt – New rules to deal with foreign reinsurance brokers - Investment-oriented reinsurers the future of the business - Berkshire Hathaway invests in IAG, gets quota share reinsurance deal - UAE – New rules of the unified policy increase losses - Qatar – Traffic department opens 2 offices at 2 insurers - Egypt – reinsurance brokerage should be reviewed - Egypt – Financial Supervision to poll citizens about insurance products - UAE insurers share information on bad drivers - Accenture introduces advanced analytics for financial services - Technology can make reinsurance more efficient - Kingdom of Saudi Arabia – Cooperation between insurers and fish farming projects - Warren Buffet: reinsurers will face 10 difficult years! - Internal model should not become a capital optimisation tool - Algeria – Necessity of coordination between judicial sector and insurers - $135bn reinsurance overcapacity a significant driver of softening - Don’t blindly deploy capital in a softening market - Europe awards first Solvency II equivalent status - UAE – Modernizing Takaful Insurance Regulations - UAE – Social dialogue precedes the issuance of the unified motor policy - The insurance sector is a huge sector in the Egyptian market - Accenture introduces new Insurance Customer Insights Solution - Tokio Marine to acquire HCC for $7.5bn - No immediate threat to ILS investments from climate change - Saudi insurance companies will maintain losses - UAE – Linking home medical equipment with hospitals - Kuwait – Insurance Federation still supports the creation of an authority - Egypt – Cooperation between Insurance Awareness Association and Insurance Federation - ILS managers need to provide solutions not just capacity - Saudi Arabia – The absence of regulation caused the motor insurance price increases - Plans to revive Iraqi insurance companies - Egypt – Establishment of 1st insurance awareness NGO - Light catastrophe year best scenario for European reinsurers - Overcapacity in global reinsurance set to continue - Risk function and top management lack coordination over cyber threats - Algeria – 126 billion Dinars the turnover of insurers in 2014 - June renewals show reinsurance price decline moderating - M&A to continue as reinsurers seek wider footprint - UAE – The replacement car issue causes the insurers’ apprehensions - UAE – Companies are not innovative - Lebanon – Conference on insurance and oil tackles the risks - A.M. Best: Gross Written Reinsurance Premium Drops in London Market - Launching the Saada Health Insurance Program for Citizens of Dubai - Qatar – The smallest camera uncovers a QR 3 million bribe - Brazil Said to Consider Stake Sale in $1.3 Billion Reinsurer IPO - Niche lines, capital efficiency benefit Lloyd’s re/insurers - Obesity can be costly for insurance applicants - Move toward the omanization of higher management in banking and insurance - Axis/PartnerRe plan to return $2.2bn to shareholders - Alternative capital a key risk for traditional reinsurance - UAE - Millions worth of uninsured goods up in flames - Egypt – 5 demands of brokers on insurers - 80% of African Business Lost to Foreign Firms - Concern over re/insurance terms relaxation in London - European Central Bank Warns of Risks to Insurers of Low Interest Rates - Reinsurance price pressure to persist, ROE’s to struggle - Buying closed blocks of life business remains a focus for reinsurers - Saudi Arabia – Medical Insurance Crisis - UAE – Ras Al Khaimah Bank Acquires 79% of RAK Insurance - Insurers 'will disappear' amid tech revolution, warns Generali boss - Bank of Russia backs idea to set up state-controlled reinsurer - Swiss Re says no plans to enter direct insurance in India - UAE – Claims Companies Sidestep the Law and Provide Health Insurance - Reinsurance prices to stabilise, but at structurally lower levels - 54% Drop in Quarterly Investment Profits for UAE Insurers - Florida catastrophe reinsurance protection superior to pre-Andrew - UAE moves towards a smart medical system - Over 60% of UAE residents are overweight or obese - Indonesia - Government seeks to inject capital into new reinsurer - Civil Defense Accuses Saudi Insurers of Being too Lax with Fire Insurance - Big data a possible answer to insurer losses in China - UAE – Insurance Authority issues e-forms for insurers’ financial compliance - Saudi Arabia – Health Insurance Policies Decrease Manipulation - PartnerRe rejects EXOR again, to proceed with vote on AXIS merger - UK’s Regulator Criticizes Claims Handling for SMEs - Brokerslink Signs Partnership with African Insurer Saham - Formation of a Joint Committee to Develop the Insurance Industry in the Gulf States - EU executive calls for review of insurance rules - United Arab Emirates – Health and Dental Insurance - Egypt – Health Self-Insurance Takes Over the Egyptian Market - Egypt – Insurance Awareness…Interest and Education - Further reinsurance price declines, weakening of T&C’s expected: Fitch - Assets of the Arab War Risks Insurance Syndicate Reach USD 182 million - Egypt – Clash between Insurance Companies and Brokers - New reinsurance demand to be exceeded by supply - United Arab Emirates – A Sudden Rise in Motor Comprehensive Insurance Prices - United Arab Emirates – 130,000 People to Benefit from the “Saada” Health Insurance - Property catastrophe reinsurance rates are not so bad - Saudi Arabia – Capital Increase Doesn’t Stop Losses - United Arab Emirates – Takaful Suffers from a Lack of Transparency and Product Differentiation - Completion of the First Phase of the Misr Reinsurance Feasibility Study - The Saudi Health Insurance Market Could Exceed 18 billion Rials this Year - Algeria – Private Companies Lack Culture of Insurance - Reinsurer & investor demand to squeeze returns on riskier layers - Demands for Increasing Capital of KSA Insurance Companies to 1 billion Rials or Consolidation - Majority of re/insurers feel industry is over-capitalised - Morocco adopts draft law regulating Islamic insurance - Private healthcare services to expand across UAE - United Arab Emirates - Medical Fraud Increases Insurance Costs - Sub-prime comparison not fair to catastrophe bonds - United Arab Emirates – Insurance Authority’s Board of Directors Discusses Insurance Issues - Cyber security worries will drive investment - To stand still is to fall behind in reinsurance - Bahrain – A call for floating motor insurance rates - German insurers may struggle to meet capital needs - European Insurers’ Dividend Growth Unlikely - New claims system for Zurich - Reinsurance trends continue, but deterioration slowing - SAMA approves the recommendation of 3rd Saudi Insurance Symposium - Qatar – “Seha” grants insurers one year to comply - Egypt - Weak electronic culture in the insurance market - Reinsurers see rates down about 10% at June 1st renewal - The “Lloyd’s Market” expects growth in the Takaful sector - Exor to consider increasing bid for PartnerRe, reports - U.S. Seeks Dismissal of MetLife Suit Challenging Systemic Designation - The Bahrain Insurance Association completes “2015 insurance day” - Reinsurer returns on equity more realistic at 5.9% - Soft market, third-party capital top reinsurance survey concerns - Increasing re/insurance capacity still matched by demand - Lloyd’s players attractive to Bermudian reinsurance deal seekers - Compulsory health insurance for the Saudi citizen could be negative now - Sultanate of Oman – 10% premium increase last year - United Arab Emirates – Regions outside insurance coverage - In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond - Pensions want direct & efficient access to longevity reinsurance - UK - Watchdog bans life insurance advert - Egypt – Bancassurance realized premiums of EGP 2.5 billion - UAE – Companies seek life insurance - Property cat reinsurance “not as much fun as it was” - Saudi transportation companies unify efforts on insurance - UAE – AED 40 billion investments in insurance sector in 2014 - Qatar – Weak regulation encouraged insurers’ abuse - Lebanon – Zaccar president of the “Insurance Association” - Reinsurance profitability attracts capital, but damages prospects: Fitch - 2.5 million insured Saudis do not have effective coverage - Consolidations loom as UAE takaful firms feel the pinch - 4 Challenges face the Saudi insurance sector - Saudi insurers, what will follow capital increases? - Nepal earthquake increases home insurance demand in India - Catastrophe deals threaten reinsurance sector - Climate change to challenge re/insurers risk management - Jordan: Compulsory insurance price increase an alternative to full liberalization - Kuwait – “Health informatics” to hold insurance conference - Pessimistic re/insurers struggle on low investment returns - Islamic reinsurance moves to displace use of conventional finance - Guy Carpenter Unveils New Digital Strategy - Accidents outside UAE: Dubai Court says no insurance no compensation - Saudi Arabia: The second-fastest growing insurance market in the GCC - IUA welcomes EU/US reinsurance talks - Continued softening ahead for U.S. property risks in 2015 - Pressure on reinsurance margins to continue: Munich Re CEO - Indonesia Re to keep ceded premiums local - Reinsurance down but not out - Alternative capital continues to test reinsurance market - Willis offers €550m for Gras Savoye - Banks channel 40% of insurance premiums in UAE - Reinsurance returns challenged if capital inflows continue - Saudi Arabia - Medical insurance game runs over patients’ pain - Should Berkshire Hathaway be designated systemically important? - Guy Carpenter to focus on catastrophe risk for governments - USA - Insurer reserve releases set to slow as prices fall - Munich Re and Hewlett-Packard cooperate on cyber security
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