Tag: Business
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Overview of the Arabian Gulf Region Insurance Industry
The Arabian Gulf region, which includes countries such as Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, has experienced significant growth and development in recent years. This growth has led to a rapidly expanding insurance market, with a variety of insurance companies offering… Read more
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(AI) effect on Insurance Industry and Insurance Jobs
Artificial Intelligence (AI) has the potential to revolutionize the insurance industry in numerous ways, offering benefits such as improved risk assessment, enhanced customer experience, streamlined claims processing, and more efficient operations. Read more
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Inexperienced Insurance Management & Board of Directors Vs Regulators
Leading an insurance company to bankruptcy can be a perilous journey for an inexperienced manager and board of directors. The path to financial ruin is often paved with poor decision-making, mismanagement of resources, and a lack of strategic planning. In this response, I will delve… Read more
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Reinsurers’ Expectations for 1st January Renewals and Concerns in Renewals of Middle East Insurance Treaties
As the calendar year comes to an end, the reinsurance industry prepares for the 1st January renewals, which is a significant event in the market. During this time, reinsurers and primary insurers negotiate terms and conditions for the upcoming year’s reinsurance contracts. This comprehensive response… Read more
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Insurance Companies’ Equity
Equity in insurance companies is a key indicator of their financial health and solvency. Read more
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Solvency
As the solvency ratio is such a crucial indicator for insurance companies, respectable Regulators have made it mandatory for all the insurers to have a solvency ratio of at least 1.5 and a solvency margin of 150%. Read more
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The Real Beneficiary of CAR Insurance Policy
The real beneficiary in a Contractor’s All Risks (CAR) insurance policy is typically the contractor or the principal party involved in a construction project. Read more
