DWIC and MEASA – Page 3
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Expanding DIFC promoted as MGA hub for Middle East, Africa and South Asia access
MGAs represent 43% of DIFC’s insurance constituents, as of September, contributing $2.1bn of gross written premium.
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Chedid Re named reinsurance broker of the year by MEIR
Chedid Re was recognised as “Reinsurance Broker of the Year” at the Middle East Insurance Industry Awards 2023 held on November 16.
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DIFC on track for 20% re/insurance client growth
Gross written premiums in the first half of 2023 increased up 18% on the year before, reaching $1.2bn, with DIFC’s re/insurance client growth led by new MGA licences.
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AM Best publishes reports on MENA and Sub-Saharan African reinsurers
The rating agency reports that reinsurers across MENA and Sub-Saharan Africa report topline growth, despite persistent or heightened economic challenges.
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DWIC 2023: Caught out by the hard market
A DWIC roundtable on underwriting discussed the impact of hardening reinsurance rates and new technology
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DWIC 2023: Health insurance space fit and well
COVID-driven awareness, population shifts and technological enhancements keeping health insurance market optimistic
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DWIC 2023: Spotlight on skills and talent
On the back of the DIFC’s Talent Week, a panel of experts discussed the skills gap and how to close it
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DWIC 2023: Takaful must rebrand itself as the ethical choice for all
Collaboration between takaful providers is essential if the niche industry is to achieve its potential
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DWIC 2023: Insurers are 'on the frontline' in the climate crisis
The insurance industry must “drive the pathway to net zero”, explained Dame Susan Rice in a fireside chat
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DWIC 2023: ‘Force’ needed to spark industry climate action
As the consequences of climate change endure, further industry regulations will be required to halt its effects
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DIFC’s Alya Al Zarouni opens Dubai World Insurance Congress 2023
This year’s Congress is the largest event of its kind in the region, welcoming over 1,100 insurance leaders to the UAE
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‘Be part of climate conversation,’ DWIC 2023 delegates urged
With COP28 heading to the city in November, this year’s DWIC opened with a rallying cry for the industry to focus on the climate
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DWIC 2023: Plenty of cause for industry optimism
Despite choppy environmental, economic and geopolitical conditions, there are green shoots of opportunities for the industry
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DWIC 2023: Time for emerging markets to shine
A dearth of cheap and plentiful reinsurance capacity could force emerging insurance markets to mature more rapidly
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GCC markets retain stable outlook amid challenging headwinds
The rising cost of reinsurance, competitive pressures and growing impact of nat cat losses remain a challenge – AM Best
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GCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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David Robinson appointed CEO of Optio Group
He was instrumental in establishing Optio Re MENA Ltd, which began trading February 2023
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Optio Re MENA commences trading
The specialty MGA is now open for business in MENA through its Dubai-based operation
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Sukoon syndicate-in-a-box gains DIFC approval
Led by Amey Masurkar, it will be the first SIAB to operate outside of London with the support of Lloyd’s DIFC
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Chedid Capital and IRM launch certificate in risk management
The course is aimed at insurance and reinsurance professionals across MEASA and has been ‘eagerly awaited’