The UAE Cabinet has recently approved a draft of the much-discussed Companies Law. It’s of particular relevance to sectors where there has been discussion about ....
Despite promising trends in certain product lines, the GCC insurance market doesn’t have enough critical mass and lacks consistency. So how can insurers thrive i....
Many policyholders have specialist divisions requiring high security, such as credit card processing plants, cash collection centres and goods-in-transit depots. Provi....
As the bancassurance market in the region grows, more regulation has been introduced in the field. The UAE Insurance Authority issued the Bancassurance Circular to pro....
While the recent spate of natural disasters has increased the need for marine insurance, it remains to be seen where the market will head in the Middle East in 2....
Although Saudi Re is a relatively new company, it has proved to be a major player in the MENA region. Ruchi Shukla questions CEO Fahad Abdulrahman Al-Hesni about the p....
In Charge of THE TITAN
Premium spoke to Mark E. Watson III, Group CEO of Argo Re, as the iconic Bermuda-based firm opens its new subsidiary in Dubai and looks set....
The Insurance Broker fraternity in the UAE has been meeting regularly since the beginning of the year to discuss how, they can enter into a meaningful dialogue with th....
2012 : A Year of Reckoning
The first month of the year is called after a Roman god, Janus, who is usually depicted with two faces, one looking back and one lookin....
The UAE Cabinet has recently approved a draft of the much-discussed Companies Law. It’s of particular relevance to sectors where there has been discussion about ....
Despite promising trends in certain product lines, the GCC insurance market doesn’t have enough critical mass and lacks consistency. So how can insurers thrive i....
No Insurance No Credibility
When British businessman John
Castle set up a yacht hire business
in Marbella, he made a terrific
impression with his unfailing
....
Ouch ! How to repay US$45 billion in a year
American International Group (AIG) famously
received a massive US$180 billion bail-out from
the United States Depa....
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From the Editor's desk
Insurance briefing
1
According to the WHO, smoking and smoking-related diseases are the largest cost to health insurers worldwide. For example, 45 per cent of all limb amputations result from deterioration to the arteries, caused almost exclusively by smoking.
2
Farmers Insurance Group have the world's lowest motor attrition rates. Policyholders often span three generations, with unbroken loyalty since the company's foundation in 1922.
3
The opportunity of a lifetime ? According to BUPA's own research, 70 per cent of India's healthcare expenditure is private, with more than 90 per cent of that expenditure uninsured.
4
Do you know about 'Mortality Protection Gap'? It's the gap between the actual income necessary to sustain a family's lifestyle and the value of their insurance. The total Chinese mortality protection gap is the widest in the world, at US$18.7 trillion.
5
The open-cast diamond mines of Siberia are the most hazardous working environments on earth. While they employ more than 200,000 workers, less than 0.1 per cent have any form of life insurance in place.
