Facing an economic slowdown and a fragmented operating environment, Abu Dhabi insurers will continue to implement new industry regulations in 2017.
UAE: Abu Dhabi Financial Services
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Articles & Analysis | New insurance regulations lead to consolidation in the UAE insurance market from The Report: Abu Dhabi 2016
In a bid to strengthen the insurance sector and promote industry consolidation, the UAE Insurance Authority (IA) recently introduced new financial regulations for underwriters, aimed at improving solvency, technical provisions and accounting practices, and setting new investment and minimum capital requirements. These reforms will bring the...
Articles & Analysis | Abu Dhabi's insurance industry recording double-digit premiums growth from The Report: Abu Dhabi 2016
Now entering its 10th year of mandatory health insurance legislation, Abu Dhabi’s insurance sector is at something of a crossroads. Although penetration is rising and the industry’s gross written premiums (GWPs) have recorded double-digit growth in recent years, loss ratios have deteriorated over the same period, the industry recorded some of...
Articles & Analysis | Abu Dhabi's sharia-compliant banks look to expand globally from The Report: Abu Dhabi 2016
The acquisition of Barclays UAE retail business in 2014 by Abu Dhabi Islamic Bank (ADIB) represented the most significant expansion in the domestic Islamic banking market of recent years. However, while the headline-generating event was a very visible demonstration of the growth of sharia-compliant financing in the UAE, the expansion of Abu...
Interviews & Viewpoints | Tirad Al Mahmoud, CEO, Abu Dhabi Islamic Bank: Interview from The Report: Abu Dhabi 2016
To what extent are the principles of Islamic banking universal, and how can these play a role in penetrating the conventional market?
Articles & Analysis | Abu Dhabi's sharia-compliant banks growing at a quick pace from The Report: Abu Dhabi 2016
The UAE is one of the world’s core markets for Islamic financial services (IFS), and in recent years has made significant contributions to both global industry asset growth and innovation. Within the wider federation, the IFS institutions which have made Abu Dhabi their home have played an important role in the nation’s emergence as a centre...