The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the tota...
Malaysia: InsurTech gets green light to establish takaful and retakaful operations
Kuala Lumpur-based PolicyStreet, a regional InsurTech company, has secured approval from the Labuan Financial Services Authority (LFSA) to commence takaful and retakaful operations.
Kuala Lumpur-based PolicyStreet, a regional InsurTech company, has secured approval from the Labuan Financial Services Authority (LFSA) to commence takaful and retakaful operations.
Article / 4 months ago
Saudi Arabia: Regulator approves licence for online reinsurance broking services
The Saudi Central Bank (SAMA) has licensed ReTech Reinsurance Brokers Co to provide online reinsurance brokerage services in a soft launch.
The Saudi Central Bank (SAMA) has licensed ReTech Reinsurance Brokers Co to provide online reinsurance brokerage services in a soft launch.
Article / 7 months ago
MENA: Aggregation dominates in InsurTech
Aggregation is the most prevalent model in MENA's InsurTech space, according to a blog on the website of Wamda, which operates a platform of programs and networks that aims
Aggregation is the most prevalent model in MENA's InsurTech space, according to a blog on the website of Wamda, which operates a platform of programs and networks that aims
Article / 10 months ago
MENA: Fragmented distribution channels create opportunity for InsurTechs
The lack of consumer trust in insurance companies can be attributed to the inefficiency of disruption methods adopted by insurance incumbents, according to a blog on the website of Wamda
The lack of consumer trust in insurance companies can be attributed to the inefficiency of disruption methods adopted by insurance incumbents, according to a blog on the website of Wamda
Article / 10 months ago
MENA: Gap between insurance companies and InsurTechs needs to be reconciled
For the InsurTech ecosystem to evolve in MENA, a corporate-startup reconciliation must be realised to carry the momentum forward, says Mr Saif AlJaibeji, who currently serves
For the InsurTech ecosystem to evolve in MENA, a corporate-startup reconciliation must be realised to carry the momentum forward, says Mr Saif AlJaibeji, who currently serves
Article / 10 months ago
Algeria: Call for specific legal status for InsurTechs
InsurTech start-ups constitute a real opportunity for the insurance sector and can help accelerate the digitalisation of the market, say experts and professionals, calling for integrating this category of companies
InsurTech start-ups constitute a real opportunity for the insurance sector and can help accelerate the digitalisation of the market, say experts and professionals, calling for integrating this category of companies
Article / 11 months ago
Africa: Technology critical to future of the continent's insurance industry on world stage
Africa's insurance industry, undergoing fundamental, technology-led changes and traditionally seen as a mirror to the region's wider economy, has identified the key technology trends that could significantly alter the course of the continent's development.
Africa's insurance industry, undergoing fundamental, technology-led changes and traditionally seen as a mirror to the region's wider economy, has identified the key technology trends that could significantly alter the course of the continent's development.
Article / 1 year ago
Africa: InsurTech launches motor takaful plan
ETAP, which creates solutions and incentives to improve the automotive experience across Africa, has launched ETAP Takaful, a motor insurance product that is based on Islamic principles...
ETAP, which creates solutions and incentives to improve the automotive experience across Africa, has launched ETAP Takaful, a motor insurance product that is based on Islamic principles...
Article / 1 year ago
UAE: Insurance industry engages fully in digitisation
The insurance sector in the UAE is witnessing rapid changes in terms of digital transformation, benefiting from the high levels of corporate spending...
The insurance sector in the UAE is witnessing rapid changes in terms of digital transformation, benefiting from the high levels of corporate spending...
Article / 1 year ago
Egypt: Insurance federation says the use of predictive analytics is vital for insurers
The Insurance Federation of Egypt (IFE) has recommended that insurance companies adopt predictive analytics and artificial intelligence to gain insight into...
The Insurance Federation of Egypt (IFE) has recommended that insurance companies adopt predictive analytics and artificial intelligence to gain insight into...
Article / 2 years ago