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Milliman’s insurance 2020 industry report for the United Arab Emirates presents a comprehensive market overview, including developments and regulatory updates for the country.
Gross written premiums showed an overall increase, showing market resilience despite the COVID-19 pandemic.
The UAE insurance market continued its trend for a third consecutive year with an overall increase in profitability along with premium growth in 2019.
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce it was named “Service Provider of the Year” for the fifth consecutive year at theMiddleEastInsuranceReview’s 2018 Middle East Insurance Industry Awards (MIIA).
Milliman consultants seek solutions that make retirement more secure while also managing the financial difficulties involved.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
As insurance companies prepare themselves for the new accounting standard IFRS 17, Takaful companies are facing significant uncertainty in how to interpret and apply the standard to their business.
The emergence of data analytics and machine learning is providing insurers and reinsurers with new insights into how they drive and monitor their business.
Insurers have the benefit of a later IFRS 17 adoption date than other countries, but face technical implementation challenges specific to the market.
What challenges are insurers facing when implementing PSAK 74 for companies in Indonesia?
Life in Indonesia: Our March 2021 review of industry developments from the fourth quarter
With the Dubai Blockchain Strategy, the United Arab Emirates (UAE) aims to be the first blockchain-powered government by 2020.Programs are already being piloted for migrating key government processes, including healthcare…
The life and non-life insurance industry in Pakistan witnessed continued growth momentum in 2016. Our insight into the market observed similar growth in 2017 that is expected to be carried forward in 2018.
Since the advent of Solvency II, insurers are faced with a number of challenges that can have a potential impact on determining the economic value of their liabilities.
Currently there are only a few countries in the Middle East offering university-level actuarial science programs.
The UAE insurance market enjoyed record profitability and strong premium growth in 2017. On a net profit basis, the industry continued to improve for the second year in a row achieving a net profit of AED 1,294m for 2017,…
Safder is the managing director and principal of the Milliman Dubai, UAE office serving the Middle East and Africa. He joined Milliman in October 2009.
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