August 19, 2018



The Bancassurance Reform

The UAE Insurance Authority recently issued guidelines for bancassurance activities for insurance companies in the country. Premium summarises the new regulation and gauges the response of the industry. The UAE Insurance Authority recently passed regulations concerning the marketing of insurance policies through banks, what is more commonly referred to as...


Adapting to an Evolving Insurance Landscape

‘Change is the essential process of all existence’ – Spock As I drive to work and communicate with the world via my Apple Watch, there is absolutely no doubt that smart technology and Artificial Intelligence (AI) is already embedded in our daily lives. As the CEO of a publicly listed...


IPMI: The Next Wave

Is International Private Medical Insurance enjoying high growth since its beginnings in 2017? Sandhya Divakaran finds out. International Private Medical Insurance, or IPMI, has been a buzzword since the fourth quarter of 2017 in this region. The demand for qualitative healthcare facilities and increased worker benefits has resulted in this...


Futuristic & World-Class

Aafiya recently organised an event ‘Dahab: Delivering Gold Standards’ for corporate heads and experts from the insurance industry. Ali Fareed Lutfi, director – Health Insurance and Licensing, Dubai Health Authority, was the chief guest of the event with Ali Zaidi, general manager – Aafiya, presiding. Celebrated speed painter Vilas Nayak,...


5 Critical Business Trends

The world is changing and so is the risk environment. M. Rajendran highlights a few lines of business that have gained prominence in this new world order.  In today’s rapidly changing business environment, are your clients receiving all the insurance coverage they need? The commercial insurance market is constantly evolving...


AI: The Moment of Truth

Economic pressure has driven organisations to make archaic processes more efficient by minimising the delays and guaranteeing information security. Artificial intelligence is the key, explains Thierry Petrens. Artificial Intelligence (AI) has moved away from dreams and science-fiction to become a reality, showing high positive impact in our everyday life in...


Containing Healthcare Spend: The PBM role

What methods can effectively reduce waste and fraud in the healthcare industry? Amar Mahmood advocates the use of a good pharmaceutical benefit management system and looks at various examples across the world to find parallels within the region. Across the Middle East, pharmaceuticals constitute nearly 20 – 40 percent of...


Pension Reform: Logical Next Step?

A change in the employment law landscape in the UAE would greatly increase liquidity in the market and aid more investment in both traditional and alternative asset clauses, observe Tom Bicknell, Luke Tapp and Andrea Hewitt-Sims.  Discussions around pensions have typically focussed on the indigenous population of the UAE. Traditionally,...


Are We Making the Right Decisions?

Is catastrophe modelling the only way to mitigate Nat CAT losses to reduce the underwriting gap, asks Aftab Hasan. Any natural calamity or catastrophe is a natural disaster that leads to financial, environmental, and/or human losses. In legal usage, it is stated as ‘An act of God’ which describes it as a...


Takaful sees positive growth

Takaful and technology leaders converged at the 13th edition of the World Takaful Conference with the aim of fostering industry-wide collaboration. Ebrahim Obaid Al-Zaabi, director general, Insurance Authority (IA), delivered the inaugural address at the conference and stressed on the need for optimising takaful’s contribution to the economic growth of...

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