Thursday, Apr 24, 2025

International Finance

Tag : insurance

Banking

Challenges for Islamic finance in the USA

International Finance Desk
by International Finance Desk
The biggest challenge is the First Amendment of the US Constitution Camille Paldi  March 14, 2017: With proper regulation, legislation, and dispute resolution, Islamic finance, sukuk (Islamic bond) and takaful (Islamic insurance) have tremendous possibilities in the United States at this moment in time. Modes of Islamic finance, including musharakah, mudharabah, murabahah, tawarruq, salam, and istisna’a, can enhance the capitalist performance of...
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Wealth Management

XL Catlin appoints new global head of placements forceded reinsurance

International Finance Desk
by International Finance Desk
Anne Middleton to manage its ceded reinsurance placements globally January 18, 2017: XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally.XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Previously, head of finance for several XL Catlin insurance businesses, in her new role, Ms...
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Uncategorized

Banks need not fear startups

International Finance Desk
by International Finance Desk
How data science can save traditional banking and insurance from GAFA Florian Douetteau December 12, 2016: In 2016, there are very few industries that big tech players (Google, Apple, Facebook and Amazon – or GAFA) don’t have their hands in. The finance industry is no exception; after having recovered from the global economic crisis of...
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Banking

Implementing digital for banks and insurance

International Finance Desk
by International Finance Desk
How financial institutions can develop digital strategies as bricks and mortar become obsolete Alejandro Gonzalez & Pedro Fernández December 9, 2016: The way customers interact with banks and insurance companies has changed: according to Eurostat and The Financial Brand, as much as 40% of banking customers in the EU are active online banking users. That...
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Uncategorized

Nexus Group gets new head of general insurance

International Finance Desk
by International Finance Desk
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...
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FinanceIslamic Banking

Oman’s appetite for Islamic finance products is growing

International Finance Desk
by International Finance Desk
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...
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Banking

Materialising the concept of ‘Insurance for Everyone’

International Finance Desk
by International Finance Desk
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...
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FinanceIslamic Banking

The treatment of qard in takaful

International Finance Desk
by International Finance Desk
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...
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Economy

Insurance companies staring at $1.5 billion Tianjin bill

International Finance Desk
by International Finance Desk
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...
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