Insights Articles

Insurance protection gaps in GCC – trends and opportunities?

March 15, 2023 | London, UK

Insurance penetration across all categories in many Gulf Cooperation Council (GCC) States has consistently been seen to lag behind global norms. This represents a material opportunity for regional players to tap the latent potential for growth in the region; the GCC market is expected to grow from US$ 26 billion in 2021 to over US$ 31 billion in 2026.

Are exposure & vulnerability factors more important than trying to predict the weather?

February 24, 2023 | London, UK

For a sixth consecutive year, the reinsurance industry is on course to deliver poor annual results to investors already dubious of reinsurers’ ability to price catastrophe risk, including secondary perils. How has an industry that relies on sound risk assessment and management found itself in a situation where the baseline price needs to be raised so drastically? How has catastrophe-risk assessment slipped into becoming a short-term, cyclical and panic-ridden activity?

The insurance industry in 2022; what were the biggest trends, and how is 2023 shaping up?

January 10, 2023 | London, UK

Strong market headwinds have characterised the 2022 insurance and resinsurance markets, with high energy costs, rising inflation, geopolitical uncertainty, expensive natural disasters and the threat of ongoing recession looming large. Although the industry has exhibited a degree of flexibility in overcoming the challenges of the last couple of years, success in 2023 will depend on insurers’ ability to drive innovation amidst the kind of turbulence the world has not seen since the financial crisis of 2008.

Carbon removal, carbon credits and the insurance industry

December 20, 2022 | London, UK

Carbon dioxide removal remains central to global efforts to reduce overall net greenhouse gas emissions, alongside the inevitable reality of long-term hydrocarbon use in certain sectors.

Cyber insurance trends: the greatest threat to economic prosperity in the 21st Century?

November 22, 2022 | London, UK

Cyber risk remains a major existential threat for organisations, public institutions, supply chains and critical infrastructure as accelerated levels of digitalisation across businesses, economies and societies continue apace. With many organisations either oblivious to the dangers, or worse, complacent about their threat exposure, at a time when internet use, connected devices and IoT-networked sensors are experiencing massive growth, responding to the threat with effective, layered cyber deterrence should be initiated and led at boardroom level with urgency.

Current global trends in healthcare insurance

October 17, 2022 | London, UK

The global health insurance market, which is estimated to have reached US $20 trillion in 2020, is expected to grow at a combined annual growth rate (CAGR) of 5.5% to 2028 , but will do so against a continuing backdrop of flux, change and innovation. Given that the market is still repositioning itself after the upheavals experienced from the COVID-19 pandemic, it is understandable that key players are preparing agile and flexible responses to changing global dynamics in an effort to deliver improvements in patient outcomes and more personalised, consumer-friendly delivery.

Hybrid working – How insurance companies can benefit from the disruption in employment patterns

September 12, 2022 | London, UK

With arguably decades of work-pattern evolution having occurred in just three short years, flexible employment patterns such as hybrid working have become the rule rather than the exception, giving industries across the board a whole new paradigm shift to adjust to. The implications for the insurance industry are numerous and significant, we look at the opportunities and caveats arising from the new working patterns, and consider how insurance leaders need to structure and manage their own business.

Solving the problem of water scarcity . . .

August 29, 2022 | London, UK

The Middle East and North Africa (MENA) region is facing a water crisis. With demand rising and supply dwindling, the most water-scarce region on the planet is in danger of running dry. In this JENOA insights article, we look at the scale of the problem and the projects being developed to solve it.

Emerging opportunities for insurers in the battery hybrid & electric vehicle market

August 11, 2022 | London, UK

The changing landscape in mobility, in particular the evolution of the battery electric vehicle (BEV), is bringing about significant changes and challenges in automotive insurance and is opening up new risk profiles and claims scenarios. With plenty of exposure and ample space for innovation, how should the insurance industry approach BEV insurance? In our latest JENOA Insights article, we identify some of the emerging risk.

Why MENA’s push for renewable energy presents a major opportunity for reinsurance

July 26, 2022 | London, UK

Countries in the Middle East and North Africa (MENA) have made clear their plans to exploit their abundant natural resources, in a bid to make the region a major hub for renewable energy. As these large-scale plans are implemented, they will present new challenges and opportunities for the reinsurance industry. In this latest JENOA Insights article, we take a look at a selection of the projects already well under way and examine the Insurance opportunity that they present.

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