The largest of its kind in North Africa, Egypt’s banking sector has also long been seen as one of...
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Articles & Analysis | How Abu Dhabi’s insurance market is encouraging stability from The Report: Abu Dhabi 2020
In terms of gross written premium (GWP), the UAE’s insurance market has ranked first within the MENA region since 2008. In 2018 it had the highest insurance penetration and density levels in the GCC, at 2.9% of GDP and $1195, respectively. Abu Dhabi’s insurers play an important role in the sector, but as of 2020 they faced a number of changes...
Articles & Analysis | How emerging markets are tapping insurance technology from The Report: Abu Dhabi 2020
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...
Interviews & Viewpoints | Ebrahim Obaid Al Zaabi, Director-General, UAE Insurance Authority (IA): Interview from The Report: Abu Dhabi 2020
To what extent could greater consolidation in the insurance sector help lower pressure on margins, and could regulatory reform help in this regard?
Articles & Analysis | How rule standardisation is boosting Islamic finance in Abu Dhabi from The Report: Abu Dhabi 2020
As one of the UAE’s two major financial centres, Abu Dhabi has played a prominent role in the development of the nation’s Islamic financial services (IFS) sector. In January 2020 Islamic banks accounted for about 18% of total banking sector assets in the country, according to the Central Bank of the UAE (CBUAE). In the local capital markets,...
Articles & Analysis | Role of private sector in Abu Dhabi's Islamic finance market from The Report: Abu Dhabi 2020
The global sukuk (Islamic bond) market entered 2020 on the back of a strong year. Total worldwide issuance reached $162bn in 2019, up from $129bn the year before, according to credit ratings agency Standard & Poor’s (S&P). While the global market volatility introduced by the spread of Covid-19 in early 2020 has undeniably...