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The March Issue of the Middle East Insurance Review is out now. Subscribe today: https://lnkd.in/g54ddimD Market profile: #Algeria The insurance sector in Algeria contains strong elements that could help it become one of the leading markets in MENA. The diverse mix of players is a factor in developing the marketplace, despite the presence of major challenges. The industry must do a lot more to increase insurance awareness and penetration. The outlook for the broking sector in the UAE is good, compared to the preceding couple of years following the pandemic. Brokers have seized opportunities for expansion in the UAE as a regional hub. However, the rise of InsurTech and online aggregation platforms has impacted the broking industry. M&A activity is common in the Middle East and some consolidations involve large insurance groups operating across markets in the region. We spoke to experts to find out how these consolidations may impact the insurance industry Takaful While takaful has had low penetration in markets in South Asia, it presents a substantial potential for providing micro-insurance solutions to diverse segments of society in the developing region #MiddleEast #MENA #Insurance #Insurtech #InsurtechFirms #Business #BusinessModels #FinancialMarkets #TakafulSector #Investment #LifeBusiness #TakafulMarkets #LifeInsurance #HealthInsurance #RiskManageent #InsuranceIndustry #DigitalInsurance #Mentalhealth

#Botswanainsuranceintensive2025 The Botswana Insurance Intensive 2025, scheduled for April 9th-10th in Gaborone, Botswana, is set to be a pivotal event for the insurance sector, themed "Redefining Insurance in Botswana: Adapting to New Realities and Unlocking Growth." This conference will address the new challenges and opportunities facing the industry, offering invaluable insights into how companies can adapt and thrive in a rapidly changing environment. Why Attend? Attending this conference will equip you with the knowledge and tools necessary to stay ahead in a competitive environment. By understanding the current realities and leveraging new opportunities, you can position your company for sustainable growth. Don’t miss this opportunity to be part of the future of insurance in Botswana! Book your seat now by emailing unoda@mncapitalgroup.com or call +267 72593213 or 3960479. Join us in redefining the insurance landscape—together, we can unlock new pathways to success! #BotswanaInsurance2025 #InsuranceIntensive2025 #BotswanaInsuranc #InsurTechBotswana #InsuranceLeadership #RiskManagementBotswana #FutureOfInsurance #BotswanaFinance #InsuranceNetworking #InsuranceInnovation

We all know how important insurance is. But how does this market operate and what challenges does it face in the MENA region? This report answers this question quite well by analysing the key obstacles this industry faces in this complex and diverse part of the world. Here are my key takeaways: 🔶 Life insurance penetration in MENA is very low compared to non-life insurance and other regions, pointing to major growth potential. 🔶 Public pension systems have large unfunded liabilities, so expanding private retirement solutions like life insurance is crucial. 🔶 Insurers can help facilitate economic diversification in oil-dependent economies by enabling riskier investments. 🔶 Insurance supports trade growth, like covering emerging supply chain risks as economies move up the value chain. 🔶 Morocco shows how positive conditions like capable supervision, private sector insurers, and removal of restrictions can foster a leading insurance market. 🔶 Mandatory insurance lines are limited in the region, even motor third-party liability isn't universally enforced. 🔶 State-owned insurers dominate some markets, crowding out private sector development. 🔶 Lack of actuarial and technical skills hinders insurance sector development in many MENA markets. The MENA insurance market may have its quirks, but its potential is no mirage #insurance #MENA #financialinclusion #economics #growthpotential

Always pleased to share with you the latest #global and #arab #insurance news, published by the General Arab Insurance Federation GAIF الإتحاد العام العربي للتأمين In this issue (241) dated March 4th, 2024 of the newsletter: #worldinsurance 1- #climatechange strikes global economy – which countries will be hit the hardest? Insurance Business Canada Magazine 2- Report by The Geneva Association and @Wellcome spreads the #insurance focus on climate change to impacts on people’s health 3- Insurance Growth Report 2024 Clyde & Co 4- Report unveils AI's dual impact on insurance industry Insurance Business Canada Magazine Markets’ Reports 1- 🇦🇪#uae #insuranceindustry Report, Q4 (Preliminary) SHMA Consulting 2- Net profit of Qatar’s national insurers swings from QAR 940mn in 9M 2023 Insurance Monitor

270 issues of the #gaifnewsletter and our journey continues to update #insurance_professionals in the #mena region with latest and most important #information. In this issue dated 30-09-24 #world #insurance 1- Swiss Re calls for action as #AMR becomes a global #health crisis 2- #Reinsurance #survey Reveals Differing Expectations for #pricing in 2025 Fitch Ratings 3- #Global #marine_insurance premiums hit $38.9bn in 2023, reports International Union of Marine Insurance (IUMI) #markets_reports 1- An Insight into #Oman's 🇴🇲#insurance_industry in H1 2024 SHMA Consulting #general_secretariat Successful #webinar on:“#motor_tpl (MTPL)”, with 197 attendees And many local #information from #arab_markets #gcc #levant #maghreb #northafrica #nonlife_insurance #life_insurance General Arab Insurance Federation GAIF الإتحاد العام العربي للتأمين

Meet the speakers: Plenary 7 - #20th International Conference on Inclusive Insurance: Looking back at key #trends, #successes and #failures in selected countries The ICII 2024 marks the 20th International #Conference on #Inclusive #Insurance. Over the past 20 years, microinsurance has emerged as a critical tool for financial #inclusion and #risk mitigation in #underserved communities worldwide. Several key lessons have been learned during this time around the world. The session will highlight the Inclusive Insurance journey in countries that hosted the ICII in the past and aims at developing #lessons #learnt.   Eduardo Morón Farzanah Chowdhury Lemmy Manje Dirk Reinhard Craig Churchill #ICII2024 https://lnkd.in/d4zSZegm The #ICII2024 will take place from 21-25 October 2024 in Kathmandu, #Nepal. 400+ experts from 50+ countries will discuss and identify ways of accelerating growth and #economic #viability for households in inclusive insurance for emerging markets. The conference will be hosted by the NEPAL INSURANCE AUTHORITY (Insurance Regulatory), Nepal Insurers' Association, Nepal Microinsurance Association and the Life Insurance Association of Nepal in cooperation with Munich Re Foundation and The Microinsurance Network. REGISTER NOW! #microinsurance #sdgs #climate #insurancefordevelopment

UAE's insurance industry The landscape is shifting, but challenges and opportunities are everywhere. The challenge? One word: Loyalty. Customers in UAE often go for the cheapest rates, which leaves insurance companies discouraged to up the ante with their marketing and retention efforts. But the opportunity? The younger generation is more in-tune with their broader financial goals. They see value in better coverage and claim service. That's why it's essential to focus on education and transparency for customers, breaking down the insurance jargon and financial risks. When you have customers that are empowered, you'll have customers that stay. #eSanad #insuranceindustry #insurancesolutions

Big things are happening in Saudi insurance! Regulatory advancements, investments, changing consumer expectations, and a growing focus on fostering innovation are driving significant strides in its InsurTech landscape. In a conversation with "Middle East Insurance Review", Michael Walsh, Democrance sales director MENA, stated that he believes that partnerships between insurers and tech innovators are key, especially as they strive to meet modern consumer needs and improve online distribution. Read the full interview here (with Jonathan Cooper and our own Michael) ➡️  #InsurTech #SaudiArabia #Innovation #DigitalTransformation #Insurance

A recent interview between Rob Leonardi and Insurance Business Asia highlights our strong commitment to helping our customers navigate an increasingly uncertain business environment – especially in the area of climate risks – and find growth through greater resilience.   Read the full interview below.   #Generali #Asia #LifetimePartner24 #ProtectTheFuture #Insurance4SDGs #FinancialResilience #MYUNDP #Generali4Sustainability Generali UNDP

Last chance to submit your proposal today. Deadline ends 13 May 12:00 CEST! #CALL FOR #PROPOSALS #ICII2024 https://lnkd.in/dZfM2vtV "The way we innovate is through continuous learning and discussion, which help to spark new ideas. Effective inclusive insurance has a major role to play across the developing world. The ICII is the best opportunity we have globally to learn, discuss and innovate in inclusive insurance in the developing world.” Jeremy Gray, Resilience team lead, Cenfri, South Africa – Member of the Steering Committee of the ICII 2024 The #ICII2024 will take place from 21-25 October 2024 in Kathmandu, #Nepal. 400+ experts from 50+ countries will discuss and identify ways of accelerating growth and #economic #viability for households in inclusive insurance for emerging markets. The conference will be hosted by the NEPAL INSURANCE AUTHORITY (Insurance Regulatory), Nepal Insurers' Association and the Life Insurance Association of Nepal in cooperation with Munich Re Foundation and The Microinsurance Network. To cover subjects that are currently of interest, the conference organisers are calling for proposals on the following topics: 1. The #business models for #inclusive #insurance 2. ICII 2024 #pitching session 3. #Digital solutions for inclusive insurance 4. New inclusive insurance products or #partnerships… … in the fields of #health or #hospital … in the fields of #funeral insurance or family financial support covers after breadwinner … in the field of (micro) #pensions 5. Coping with #climate and #pandemic risks 6. Enabling (#regulatory) environment 7. #Gender-sensitive #inclusiveinsurance 8. Consumer #education: build capacities of people, societies and institutions 9. Looking back: #successes and #failures in inclusive insurance 10. Learnings from #scientific #research Pujan Dhungel Pioneer Insurance Craig Churchill Martin Eling Denis Garand Fatou Giwa Jeremy Gray Glenn Harrison Anne Kamau Richard Leftley Lemmy Manje Michael J. McCord Oliver Milosch Sabbir Patel Poshak Paudel, FLMI, ACS Matthias Range Dirk Reinhard Yugesh Shrestha UNCDF Digital UNDP Sustainable Insurance Forum (SIF) Access to Insurance Initiative (A2ii) United Nations Environment Programme Finance Initiative (UNEP FI) Insurance Development Forum Asia Insurance Review IFC - International Finance Corporation The World Bank Group Arup Chatterjee Asian Development Bank (ADB) Ceandra Faria USAID Aistė Vyšniauskaitė