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INSIGHTS & NEWS

JENOA Insights

The expertise and experience of the JENOA team is far-reaching and each specialist has areas of interest covering the full spectrum of the insurance market. All our thought leadership articles, opinion pieces, commentary in the media, and white papers can be read, searched and downloaded here.

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The future of UK Motor GAP insurance: can it survive regulation?

October 14, 2025 | London, UK

The UK Financial Conduct Authority has been in the spotlight recently for its focus on motor GAP insurance.  Guaranteed Asset Protection (GAP) insurance, is an adjunct to motor cover that insures the difference between a vehicle’s purchase price or outstanding finance, and its market value at the time of being written off.  It has come to the attention of the FCA that GAP insurance might not be giving consumers fair value.  One of the reasons is that a sizeable discrepancy in the ratio of claims value to premium income - data shows that only 6% of premiums revenue is paid out in claims, compared to a figure of around 65% for motor insurance.  As a result of the FCA’s investigation, some 8 in 10 firms involved in the sale of GAP insurance were given little option but to pause sales in February 2024 at the FCA’s request.

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How did 2024 treat small/mid-sized GCC insurers?

September 1, 2025 | London, UK

The overall picture for the insurance market across the GCC is one of growth, despite several challenges in 2024.  For the full year 2024, the combined after-tax profit of around 80 listed insurers in the GCC reached US$ 2.1 billion, with average net profits rising by over 3%. Performance across the GCC’s six nations, however, remains uneven, and good top-line growth nevertheless hides a somewhat mixed bag when it comes to performance across the six national markets and within national markets. So what does the overall picture look like into 2025?

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De-risking the beautiful game

July 2, 2025 | London, UK

In an increasingly complex and interconnected world characterised by deepening levels of unpredictability and uncertainty, the staging of large public events cannot be taken for granted.  From security incidents and cyber-attacks to uncontrollable cascading faults, the eventuality that unforeseeable risk can hamstring – and even bankrupt – large public events, requires comprehensive risk assessment and mitigation.  After all, an event’s ability to survive cancellation, abandonment or postponement depends on adequate mitigation in the form of tailored event-cancellation or interruption cover that addresses as many complex scenarios as possible.

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Why is SME cyber cover crucial?

June 16, 2025 | London, UK

Cyber risk continues to dominate the MENA landscape, with a mixture of financial incentives, geopolitical agendas and bilateral disputes driving an increase in malicious and criminal cyber activity in the region. Yet despite growing dangers to businesses, there is still a large proportion of uninsured risk in the Gulf and North African regions, coupled with reinsurers’ inability to adequately assess risk and establish probable maximum loss.

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How is scaling AI offering re/insurers opportunities?

May 14, 2025 | London, UK

Many re/insurers are finding it hard to unlock a global potential in artificial intelligence (AI) estimated by McKinsey to be in the region of US$ 4 trillion.  This is perhaps not surprising, considering that AI and all its sub-sets cover a wealth of opportunity across enterprises and business sectors.  As part of our on-going series examining the developing role and future potential of artificial intelligence (AI) in the re/insurance industry, JENOA’s team of experts continues its analysis of the broader picture across AI’s various sub-sets.

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Managing risk in an increasingly VUCA world

April 1, 2025 | London, UK

For insurers, volatility, uncertainty, complexity and ambiguity (VUCA) have long been at the heart of pricing risk; there would be little need for insurance without volatility and uncertainty, and risk managers would be few and far between if we lived in a world without complexity or ambiguity.

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Middle East supply chains: What are the risks?

March 14, 2025 | London, UK

Geopolitics continues to cast a long shadow over both global and MENA supply chains, with ongoing geopolitical issues having caused a certain amount of disruption in the Red Sea and Bab-al-Mandeb Strait regions over the course of 2024.  However, the fragility of supply chains is not caused exclusively by political uncertainty and conflict.

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How brokers are best placed to drive further growth in the Takaful market

March 3, 2025 | London, UK

The traditional role of brokers worldwide has always been to act in the best interests of their clients, and when it comes to Takaful insurance, brokers – with their overview of a wide range of products – have been at the forefront of its growth and sustainability. As they develop the means to further educate clients in the nuances of Takaful insurance, brokers can continue to occupy centre stage and play a leading role in growing it even further.

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Agri-insurance & reinsurance in Morocco: are existing models fit for purpose?

February 10, 2025 | London, UK

Morocco has long been a relative success story and outlier in the Middle East and North Africa (MENA) region in terms of insurance. The country’s agri-insurance sector has, in some shape or form, been around for a long time, but changing weather patterns and future climate change mean that innovative, affordable, and more effective models are likely to experience high demand if the right products are available. Here, we assess the effectiveness of the distinct types of agri-insurance currently available and examine the alternatives that might help reduce risk to deliver better protection for agricultural production within Morocco’s changing climate.

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Emerging markets travel insurance: towards a fully digital model

December 9, 2024 | London, UK

The uptake of travel-insurance products in MENA remains subdued compared to other regions, but the global outlook for emerging markets remains, very positive. In fact, both the MENA and LatAm markets look set to become the most lucrative for travel insurance in the near future. In 2022, the MENA travel insurance market was estimated to be worth over US$ 700m, and by 2030, it will grow to nearly US$ 3.5bn, with an anticipated 80m outbound travellers from the region by the end of the decade.

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