The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the tota...
Saudi Arabia: Dispute panel issues judgment on COVID-19 BI case in favour of insurers
Global law firm, Clyde & Co, says that it has successfully defended a claim on behalf of insurers in a landmark decision by the Insurance Disputes Committee...
Global law firm, Clyde & Co, says that it has successfully defended a claim on behalf of insurers in a landmark decision by the Insurance Disputes Committee...
Article / 2 years ago
MENA: Direct impact of Russia-Ukraine war on the region seen as negligible
The direct impact of the Russia-Ukraine war on the Arab insurance market, as a result of dealing with Russian reinsurers, is negligible...
The direct impact of the Russia-Ukraine war on the Arab insurance market, as a result of dealing with Russian reinsurers, is negligible...
Article / 2 years ago
Fire at Jebel Ali port under control
A fire caused by an explosion on a small container ship at Dubai's Jebel Ali Port is now under control...
A fire caused by an explosion on a small container ship at Dubai's Jebel Ali Port is now under control...
Article / 3 years ago
GCC: Some regulators studying feasibility of insurance coverage of pandemic risk
Some regulators in the GCC are reportedly assessing the impact of insurance rates if pandemic risks were insured, S&P Global Ratings says...
Some regulators in the GCC are reportedly assessing the impact of insurance rates if pandemic risks were insured, S&P Global Ratings says...
Article / 3 years ago
South Africa: Biggest insurer to appeal COVID-19 indemnity period
South Africa's largest general insurer Santam says that it appeal the COVID-19 insurance indemnity...
South Africa's largest general insurer Santam says that it appeal the COVID-19 insurance indemnity...
Article / 3 years ago
Egypt: Insurers propose pandemic risk pool
Insurance companies in Egypt have proposed setting up a pool to cover the risk...
Insurance companies in Egypt have proposed setting up a pool to cover the risk...
Article / 3 years ago
Turbulent times in a hard market
The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals...
The aviation sector is in for another rough ride as insurers are forced to push for significant rate increases at the 1/1 renewals...
Article / 4 years ago
Africa: Rising prices will place insurance penetration on back burner for 3-4 years
Africa will see pressure from the "Big Six" global reinsurers to increase prices, says Ryan Phillips, COO at Afro-Asian Insurance Services...
Africa will see pressure from the "Big Six" global reinsurers to increase prices, says Ryan Phillips, COO at Afro-Asian Insurance Services...
Article / 4 years ago
UAE: ECI covers over US$1bn of non-oil trade in 1H2020
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth...
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued over 1,400 revolving credit guarantees covering AED4bn ($1.1bn) worth...
Article / 4 years ago
Lebanon: Port blast raises insurance compensation questions
The tragic and catastrophic explosion that occurred in Beirut on 4 August, beyond the immediate health and safety concerns, raises important and potentially...
The tragic and catastrophic explosion that occurred in Beirut on 4 August, beyond the immediate health and safety concerns, raises important and potentially...
Article / 4 years ago