June 26, 2017

Features

Features
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Commoditisation & Retention of regional reinsurance

David Anthony looks at some of the factors that are giving rise to accusations of ‘commoditised’ reinsurance in the MENA region. It is no secret that reinsurance markets have been ‘softening’ since late 2013. Indeed, perhaps thanks to the establishment of a considerable number of well-capitalised regional reinsurers in the...

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The Changing Face of Life Insurance in the UAE

Peter Hodgins and Tom Bicknell review the changes in the insurance industry impacted by the upcoming regulatory activity in the market. Ostensibly driven by a rise in consumer complaints, all three of the UAE’s financial services regulators, the Insurance Authority, the Emirates Securities & Commodities Authority and, most recently, the...

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More to Expect?

Attacks such as the WannaCry ransomware—globally coordinated and likely more far reaching—may become more the norm rather than the exception, according A.M. Best. The global insurance industry has been reluctantly waiting for an event like the WannaCry ransomware attack, which has hit more than 300,000 computers in 150 countries across...

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The Insurability of Cyber Risk

A new area, but one that is getting exceeding amounts of interest from the industry, cyber risk is affecting all lines of business. A Premium report. Cyber incidents are becoming increasingly frequent and widespread. The recent WannaCry ransomware attacks are a prime example. The DIFC Insurance Association held a talk...

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Global to Local

Various events held in the region captured various trends in the market as well as highlighted challenges and opportunities. A Premium report. Legal and insurance experts convened to discuss the risks and challenges for property insurers in the context of high-rise building fires in the Middle East, an event organised...

From the attacker’s eye

Neil Haskins examines the Hyperloop technology from a cyber risk perspective. There are many examples today where a cyber-attack has real world implications. The public first started identifying with these control system hacks in 2010, when the stuxnet worm infected the Iranian nuclear facilities. As operational technology becomes more deeply...

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Hyperloop: Critical considerations

Joby Beretta takes a look at the potential issues surrounding the Hyperloop technology transport system. Being innovative and nascent technology, the legal issues and regulatory framework applicable to the Hyperloop are, to some extent, speculative. This article considers some of the potential issues such as intellectual property, investment, the regulatory...

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Leveraging TCI

Brokers are the best channel to spread awareness about Trade Credit Insurance, writes Bahaa Merhi. Companies and individuals alike are more concerned with insuring tangible and immediate assets, be it from their office premises, their home, car and their health for example, and insurance brokers as well, are keen to...

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The Real Estate Boom and Doom

Gagandeep Gill reports on how the implementation of Article (27) of the Jointly Owned Property (JOP) Law has created a huge insurance opportunity as well as challenges for insurers offering this line of business. Over the years, the Dubai economy has shifted from being reliant on oil to diversify into...

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A new frontier of transport

Originating from a mere idea of making transportation faster and sustainable, the Hyperloop is set to revolutionise the way travel is perceived. “Stuck in traffic.” These famous words have been uttered by all at some point in time. Across the globe, traffic is the one aspect of travel that people...

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