Middle East and Africa
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Viewpoint: Pressure on traditional distribution models is tough test for incumbent players
The basic distribution models are being challenged in the Middle East, both by regulators and by technology-driven entities seeking to disrupt the distribution chain
Focus: Regulatory action will drive uptake of D&O liability cover in the Middle East
Claims against directors and officers are set to increase as countries across in the region align their corporate governance regimes with international standards and reporting requirements
Focus: Market must develop more flexible solutions to the risk of vessel detention in the Persian Gulf
Shipowners are turning to strike and delay-type coverages to help mitigate against the high cost of marine war risk insurance in the region
Focus: Civil unrest poses greatest challenge to the resilience of Lebanese carriers
Ongoing political instability in Lebanon remains a significant hurdle to reforming the country's beleaguered insurance market
IGI books 94% combined ratio ahead of listing
Group sees higher attritional losses in treaty, downstream energy and engineering books
Legal Focus: Turkish government overhauls insurance regulation
Turkey is aiming to be the world’s 10th-biggest economy and the insurance industry will play an important role in the country meeting this ambition
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