Avinash Babur, Special to Gulf News

Articles from the author

UAE insurers must work on affordability

Insurance premium increases are coming thick and fast and needs careful handling

UAE insurance sector will face its share of challenges in 2025, not least being the spike in claims.

UAE’s insurance premiums on EVs need a recharge

Insurers will do well to integrate pay-as-you go models in their premium setting

The pricing of secondhand EVs in the UAE is still a work in progress. That adds to the challenges insurers face.

Insurers cannot afford to go slow on claims

April’s severe weather event in UAE is a defining moment for insurer and clients

Many insurers responded swiftly on managing claims related to the rains and the flooding. Those who did not will pay a price.

UAE insurers have work to do on claims

2023 shows claims put the squeeze on insurer growth chances

UAE insurance sector pulled in higher premiums on medical, as well as on property and liability cover. But industry needs to work on other growth areas too.

Sustainability theme befits UAE insurance sector

Changes to accounting standards provided balance-sheet boost – so did premium hikes

A much needed premium boost is filtering through the UAE insurance sector. Industry players need to sustain this.

‘Digital health’ is re-writing rules of healthcare

Digital means are widely in use across heath delivery, but this is only a start

Digital health will extend its reach to all arms of the healthcare services spaces, including in medical insurance.

UAE insurers H1 2023 numbers hold promise

Bigger players especially are up for industry-wide challenges, including switch to IFRS 17

Insurers have to factor in the switch to the tougher accounting norms under IFRS 17. But they are well up to it and more.

With IFRS 17, UAE insurers get into transformation mode

Far-reaching switch in insurers’ financial reporting will mean higher capital ratios

While UAE insurers need to allocate higher capital reserves, it will be well worth the effort. The IFRS 17 adoption sets them up for high growth chances.

An insurance cover against cyber threats?

UAE organisations should be giving as much thought on cyber insurance as on defences

Everyone knows that cyber threats are getting sophisticated and canny. Defenses alone will not do the work. try cyber insurance too.

UAE insurers need to tighten their compliance moves

Central Bank’s sanctions on a UAE insurer should be an eye-opener for all

The motor and health insurance lines continue to be a problem with low premiums and high claims.

COVID-19 gave UAE health insurance a reality check

Penny-pinching health policies no longer cut it with the insured and insurers know it

The pressure has also mounted on third-party administrators to deliver more than they promise.

Middle East insurers lead the way in deal-making

Proposed sale of RSA’s regional interests shows depth of such consolidation plays

The COVID-19 phase has accelerated the rate of consolidation in the Middle East insurance space, global giants exit and regional heavyweights pick up the slack.

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