Insurance World

Insurance companies operating in Jordan face challenging market conditions, with competition eroding technical margins, coupled with exposure to political, economic and financial system risks, according to a new market segment report by A.M. Best. Furthermore, the high number of players and concentration on the motor and medical insurance segments has intensified competitive pressures. Tariffs imposed by the government on motor business have further strained underwriting profitability over recent years.

Having raised a ground breaking USD18 million from its corporate shareholders in a landmark Series A round of funding, Aqeed.com, the first InsureTech Specialist in the region, is now live.

Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the region and one of the most progressive insurers in the UAE announced its financial results for the year ended 31 December 2017.

Leading global health insurance provider Aetna International has signed a strategic partnership deal with Humanis, a French insurance group currently insuring 10 million people with 700,000 corporate clients. The partnership will increase access to global healthcare solutions for large corporations and French expats around the world, while also expanding Aetna International’s already-growing global reach.

The insurance market of the United Arab Emirates (UAE) has continued its strong momentum in 2017 and returned exceptional profits, according to analysis of company results by A.M. Best.