Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy, Video

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Is GCC insurance industry ready for the change?

By TRENDS Desk
December 11, 2022 9:05 pm
  • PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
  • "Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.

Dubai, UAE—PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness “the momentum they have gained” to meet new challenges, such as macroeconomic and structural headwinds, volatility and increase in interest rates, increased demands regarding climate risks and the exponential growth in digital innovation.

“Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world,” Sanjay Jain, Partner, Financial Services and Insurance Leader at PwC Middle East, recently when the firm released a report, “Next in Insurance: Key trends shaping the future of the Middle East’s Insurance Industry”. TRENDS takes a look at how the pandemic has changed the customer behavior.

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]