Insurance news in the Middle East

An overview of news, trends and research in the Insurance industry in the Middle East:

Saudi’s fintech scene books ‘remarkable progress’ with more to come Saudi Arabia’s fintech sector has grown rapidly over the past years, and is poised for further growth, with the segment at the forefront of innovation and the government maintaining major impetus for
02 July 2024
Solidarity acquisition named Islamic Finance deal of the year in Bahrain Solidarity’s acquisition of Al-Hilal Life and Al-Hilal Takaful from Ahli United Bank has been named the best financial transaction of the year in Bahrain.
18 February 2024
Hisham Farouk 'Financial services at heart of climate change impact' The UAE chief executive of global professional services firm Grant Thornton, Hisham Farouk, outlines why the financial services sector plays a pivotal role in climate change conversations and impact
15 February 2024
How Middle East financial services is embracing digital Over the past years, the Middle East’s financial services industry has been getting on with digitalisation – embracing the opportunity to adopt tech-enabled operating models and digital products of a
06 November 2023
Strategy& leader Jorge Camarate on the financial services sector Jorge Camarate is a partner with Strategy& and the leader of the firm’s Financial Services practice in the Middle East.
14 July 2023
The financial services sector is at the epicentre of ESG progress The movement towards a more sustainable and human-centric future continues to gain traction, and financial services institutions are not only at the epicentre of change – but also among its key drive
01 August 2022
ESG in the financial services sector: 'Don't be late to the party' Financial services institutions globally and in the Middle East are expected to step up their ESG game.
06 July 2022
Bahraini leaders convene to discuss ESG in financial services Last week, over 80 senior leaders from across Bahrain’s financial services sector came together to attend a KPMG seminar dedicated to environmental, social, and governance (ESG) within the industry.
30 May 2022
How financial institutions can embrace decentralised finance Financial service companies in the Middle East, including banks, insurance companies, and fintechs, have a growing interest in the opportunities and risks posed by decentralised finance (DeFi).
10 May 2022
Insurer MEDGULF implements regtech solution from AJMS Group The UAE organisation of Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF) has taken into use a new regtech solution developed by professional services firm AJMS Group.
29 March 2022
Dubai’s Klaim bags funding and wins tech innovation competition Dubai-based insurtech platform Klaim has enjoyed a flying start to the post-summer season, roping in $1.
14 September 2021
Six trends sweeping through Middle East's insurance industry Global accounting and consulting giant KPMG has released the latest edition of its ‘Future of Insurance’ report for the Middle East.
05 August 2021
Abu Dhabi Global Market partners with OCO Global for US FDI OCO global is set to help US-based businesses invest in Abu Dhabi Global Market (ADGM) – an international financial centre home to nearly 3,000 global businesses and $85 billion in assets under manag
19 March 2021
PwC's Experience Centre hosts region's top FinTech start-ups A cohort of eleven start-ups has graduated from a FinTech bootcamp, with the grand finale hosted at PwC’s Dubai based Experience Centre.
03 March 2021
How banks and insurers in Saudi Arabia are faring during Covid While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have proven resilient this year.
07 October 2020
Deloitte and KPMG recognised at MENA Insurance Awards Deloitte has been named Actuarial/Risk Consultancy Firm of the year at the 2020 MENA Insurance Awards, while KPMG took home the award for Audit Service Provider.
19 February 2020
Qatar insurer taps Roland Berger for strategy and operations review Global consultancy Roland Berger has signed an agreement with the Qatar General Insurance & Reinsurance Company to enhance the group’s strategy and operations.
24 December 2019
AJMS partners with Beyontec on Middle East insurance solution Boutique consultancy AJMS has teamed up with global insurance technology firm Beyontec Solutions to develop a comprehensive IFRS 17 solution for the Middle East and African insurance industries.
05 July 2019
MENA Fintech Association launches with KPMG among founders A number of organisations have come to together to launch the MENA Fintech Association – with KPMG among the corporate founding members.
27 June 2019
Charles Taylor InsureTech launches first MENA office in Dubai Insurance industry consultancy Charles Taylor InsureTech has launched an office in Dubai – to be led by experienced tech consultant Shahid Safdar.
13 June 2019
Etihad Credit Insurance contracts EY for strategy advisory in the UAE The UAE’s federal export credit entity Etihad Credit Insurance has awarded a strategy and operational transformation contract to EY.
04 February 2019
Marsh establishes China desk in Dubai on back of Belt & Road Global insurance brokerage and risk management firm Marsh has launched a dedicated China desk in Dubai to capitalise on growing commercial links.
08 January 2019
Synechron unveils new set of AI data science accelerators at FinLab in Dubai Global consulting and technology services firm Synechron has unveiled a suite of artificial intelligence data science accelerators at its Financial Innovation Lab in Dubai.
01 November 2018

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