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eWeekly Middle East |
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Qatar: QFC endorses new strategies to develop hubs in insurance and asset management |
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The Qatar Financial Centre (QFC) Authority's Board of Directors has endorsed a new strategic focus for the Authority as it moves into 2010 and beyond, with the creation of three specific hub strategies concentrating on asset management, reinsurance and captive insurance. |
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Bahrain: MEIF reiterates call to go back to basics |
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This year's theme for the Middle East Insurance Forum (MEIF), "Back to Basics", is a recognition that the industry has yet to refocus strategies and examine the underlying fundamentals of operating successfully, said Mr Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, Central Bank of Bahrain (CBB). |
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UAE: Oman Insurance's operating profits hit US$86 mln in 2009 |
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Oman Insurance Co (OIC) said its net profits from technical operations reached AED317.9 million (US$86.5 million) in 2009, an increase of 44% compared to AED220.1 million in 2008. |
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| eWeekly Australia |
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IAG looks forward to much higher profit |
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Insurance Australia Group, the country's largest general insurer in the domestic market, expects its insurance profit for the first half-year ended 31 December 2009 to be more than double what it achieved the year before. |
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Change in weather patterns could help insurers |
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General insurers are likely to benefit as weather patterns change from La Nina (wet) to El Nino (dry) because there would be fewer storms and less flooding, reports The Australian newspaper citing Tyndall Investment Management Analyst Jason Kim. |
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Gaming is becoming an insurance issue |
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Home insurance supplier, NRMA Insurance, is calling for gamers in New South Wales to play it safe, after research reveals that a third have accidentally lost control of their remote or controller while playing an electronic game. The insurer says that safe gaming has become an emerging insurance issue, as it has seen a number of claims among New South Wales residents, half of whom now spend up to five hours per week gaming. |
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Last Updated on, 5 Feb 2010 |
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