General Insurance Industry Review 2017

| March 1, 2018

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Overall a very positive year for the general insurers, and a year that we believe signifies the start of a long awaited upswing in the insurance cycle.

Spotlight

WEHBE Insurance Services LLC

Over the years, WEHBE has grown and evolved, and is today considered one of the most renowned names in the UAE insurance intermediary industry. As an independent insurance broker in the GCC region, one of our main strengths is our ability to maintain solid and strategic relationships with our associate offices and business partners, which enables us to better manage and control risks locally, regionally, as well as globally. Our independent status gives us the advantage of selecting only the best and most respected local and global insurance companies to work with - companies that offer products and services that reflect our own vision and commitment.

OTHER ARTICLES

What does the landlord insurance cover?

Article | February 27, 2020

Owning real estate is a great way to build long-term wealth. For those that are in the Selden, NY area and would like to build personal equity, getting an investment property could be a great option. If you do own a rental real estate asset, you need to consider your unique insurance needs. To ensure that you and your property are properly covered by insurance, you need to get a quality landlord insurance policy. A landlord insurance policy will protect you a few different ways to ensure you and your assets are protected.

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What is the Expense Ratio for an Insurance Company?

Article | February 24, 2020

Providing financial security to its consumers is the ultimate aim of an insurance company. However, sustaining its own capability to finance its customers becomes its priority. To measure the financial sustainability, insurance companies use various different methods and techniques. Among them, the Expense Ratio serves as the ideal measure providing clarity on the logistics. Signifying the efficiency of an insurance company and measuring its profitability, the expense ratio gives a clearer picture of the financial aspects of the company.

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Claims - the final frontier for insurtechs

Article | March 4, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others struggle with that, we want to be a case that if you have a claim it is Digital Risks who you are dealing with.” This sentiment is interesting because there has perhaps been an – incorrect – assumption that insurtechs are really only focused on acquiring customers by making it as simple as possible.

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Top Features of an Effective Claims Management System

Article | March 12, 2020

Claims are a critical part of the insurance business. Even if your insurance company is not as big as Axa or Allianz, you need to have an efficient claims management system. Clients’ mindset and expectations are different from what they were 10 years ago. A recent survey called Insurance 2020: The digital prize — taking customer connections to a new level has brought to light some fascinating facts.

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Spotlight

WEHBE Insurance Services LLC

Over the years, WEHBE has grown and evolved, and is today considered one of the most renowned names in the UAE insurance intermediary industry. As an independent insurance broker in the GCC region, one of our main strengths is our ability to maintain solid and strategic relationships with our associate offices and business partners, which enables us to better manage and control risks locally, regionally, as well as globally. Our independent status gives us the advantage of selecting only the best and most respected local and global insurance companies to work with - companies that offer products and services that reflect our own vision and commitment.

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