UAE: Watania Takaful rejects zero motor claims despite heavy April rains

Published on June 1, 2024
Watania Takaful has said that it had rejected zero motor claims, even though in the first few days after the heavy rains in April, the company received three times the daily average number of motor
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CoreLogic reports 32.7 million homes at risk ahead of active hurricane season

May 31, 2024
Ahead of the 2024 Atlantic Hurricane Season, CoreLogic, a provider of property information and analytics, has released its 2024 Hurricane Risk Report to help insurers and risk managers prepare for the upcoming season.The report reveals that over 32.7 million homes from Texas to Maine are at risk of moderate to severe damage due to hurricane-force winds, with a total reconstruction cost of $10.8 tr

Middle East: Insurance market softens in 1Q

June 1, 2024
Insurance market conditions were generally on a softening trend in the first quarter of this year, with most risks experiencing price reductions, underwriting flexibility and sufficient (and