International Finance

Tag : insurance

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Nexus Group gets new head of general insurance

Appoints Philip Ashkuri; serving GCC insurance remains a priority May 10, 2016: Leading insurance broker, Nexus Group, has appointed Philip Ashkuri as the Head of General Insurance, Commercial and Personal Lines, for the GCC region. With nearly three decades in the general insurance industry, Ashkuri has extensive experience and widespread knowledge of the global and...
Finance Islamic Banking

Oman’s appetite for Islamic finance products is growing

Islamic banking assets in the Gulf nation are projected to reach 10% of total banking assets by 2018 Camille Paldi March 31, 2016: In the Oman Vision 2020 framework issued by the government, the country proclaimed that it is determined to reduce its dependency on oil revenues through diversification of the economy. Al Maha Financial...
Banking

Materialising the concept of ‘Insurance for Everyone’

The insurance penetration in Bangladesh is less than 1%, which shows the current scenario of the market February 15, 2016: The insurance industry in Bangladesh is considered to be an untapped sector. It has one of the lowest insurance penetrations in the world (around 1%). While some choose to be pessimistic about it, insurance experts...
Finance Islamic Banking

The treatment of qard in takaful

The operator plays an important role that the management of a conventional mutual does not in the event of a periodic deficit Camille Paldi November 5, 2015: Takaful or Islamic insurance is a booming industry around the world. In fact, many Western insurance companies already engage in the takaful business in the Middle East and...
Economy

Insurance companies staring at $1.5 billion Tianjin bill

Two massive explosions in a warehouse in the Chinese port have killed more than a hundred people, left hundreds more injured and devastated large parts of the city Tim Evershed August 21, 2015: Insured losses from the explosions that rocked the Chinese port of Tianjin on August 12 could rise to over $1.5 billion making...
Business Leaders

‘Insurance companies should practice self-regulation’

Excerpts from an interesting interaction with Nihal Senaratne, chairman of Sri Lanka-based Senaratne Insurance Brokers (Pvt) Ltd. Jaya Smitha Menon February 17,2015: With 61 years of experience, Nihal Senaratne is a doyen of the insurance industry in Sri Lanka. His career and the insurance sector in Sri Lanka began almost at the same time; and...
Finance Islamic Banking

Only if you have a lot of time on your hands

Book review of ‘Takaful Investment Portfolios: A study of the composition of takaful funds in the GCC and Malaysia’ by Mehmet Asutay Camille Paldi February 16,2015: Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia provides an explanation and analysis of the investments of takaful funds in the...
Business Leaders

‘Extractive sector can and should benefit human development’

Speakers at the 2015 Mining Indaba stressed on local content Miriam Mannak February 12, 2105: Natural resources must benefit local communities and human development, not just corporate viability. In order to achieve that, the extractive industry should put a bigger emphasis on local content. That was one of the topics on the agenda at Investing...
Finance Wealth Management

Poste Vita focuses on Postaprevidenza Valore

Since the launch of the individual pension plan, the company’s goal has been to develop a culture of supplementary pension plans February 11, 2015: Poste Vita, the life insurance company of Gruppo Poste Italiane, has stood out in the Italian scenario thanks to its quick development and growth. Today, Poste Vita is the indisputable leader...