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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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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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Opportunities & risks: the North African insurance market

November 29, 2024 | London, UK

With the exception of one or two outliers , the North African insurance market remains chronically underdeveloped. Yet, while several historical factors in the region have contributed to this current state of affairs – legacy state monopolies, regulatory issues, the conception of a lack of Sharia compliance and an absence of retail credit markets – there remains considerable opportunity for the insurance sector. A more developed insurance sector will help contribute to and foster widespread economic and financial development through risk-management experience and expertise in long-term finance.

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Parametric insurance: How data & technology enable extreme-weather risk cover

October 7, 2024 | London, UK

Parametric, or index-based, insurance has been enjoying renewed popularity, with strong potential to open up new markets and offer wider cover for specific modelled events from which clients may want protection. A missed flight connection, for example, or a rained-off sporting event, can be covered with ease. As long as the risk can be modelled with historic data, policyholders enjoy claims-free automatic, digitalised and instant payouts whenever pre-agreed triggers or indices are met.

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The CrowdStrike outage: what does it mean for the (re)insurance industry?

September 12, 2024 | London, UK

The cybersecurity firm CrowdStrike and its Falcon Sensor software has taken centre stage this summer, but for all the wrong reasons. One simple software update, programmed to seek out malicious cyber threats in what CrowdStrike refers to as ‘part of the dynamic protection mechanisms of the Falcon platform’, caught the world by surprise on Friday July 19th and plunged much of it into total chaos.

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Integrated insurance and how technology can help

July 31, 2024 | London, UK

The insurance and reinsurance industry is in the throes of a revolution in how clients and customers access their products and services. The rise of insurtech and fintech digital platforms in the cloud that offer a secure and integrated customer experience has led the insurance sector to drastically rethink, as insurtech disruptors are showing the established players exactly how to do it. As a result, legacy insurers are quickly learning how to extend their digital product portfolios and enhance appeal among clients in the sales, underwriting and reinsurance segments.

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Is the EV sales downturn temporary or structural?

June 7, 2024 | London, UK

The world’s net-zero energy transition is well underway, with governments, energy generators, market players and consumers all playing their part - nevertheless, Q1 2024, was dominated by headlines claiming that the EV market is in freefall, and auto manufacturers and OEMs are now happily chiming in to confirm that sales are down, with some even going as far as to say that plans to phase out the internal combustion engine should be delayed or put on hold.  Why?

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The global potential for Islamic insurance

May 23, 2024 | London, UK

The Islamic finance industry has continued to grow steadily, and although the rate of growth has slowed slightly over the last year or two (from 17% in 2021 to 11% in 2022), it accounted for US$ 4.5 trillion worth of assets in 2022. By 2027, it is expected to top US$ 6.7 trillion in assets. Takaful insurance and reinsurance is the third-largest contributor to the global Islamic finance industry, and yet, despite experiencing double-digit growth, it accounts for only 2% of Islamic-finance assets. This figure suggests that many Islamic-finance assets are insured with potentially non-sharia compliant, conventional, insurance. Why is that figure so low, and what can be done to improve its market share?

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What did COP28 mean for GCC & MENA insurers

May 15, 2024 | London, UK

Now that the dust has settled, we would like to analyse what this conference has meant for Insurers across the Middle East. Some analysts have claimed it amounted to little more than a green light for the hydrocarbon industry, while others hailed the transformational nature of a conference that, for the first time in its history, managed to insert the term “transitioning away from fossil fuels in energy systems” into the final communiqué.

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2023 Industry Trends & Market Impacts into 2024

February 12, 2024 | London, UK

As 2023 drew to a close and the world began to emerge from the inflationary shocks of 2022, uncertainties nevertheless still persist; how will this impact the coming year?

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Opportunities in the Islamic Home Finance and car-loan markets

January 12, 2024 | London, UK

The rising demand for Sharia-compliant financial products among the GCC's growing population is forcing providers to rethink their product offerings and the channels through which customers can access them. The big question remains: can regional players adapt quickly enough to take advantage of these emerging opportunities?

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