Political Risk

The head of one of the Middle East’s major regional brokers told the opening day of the 8th Annual Middle East Insurance Forum (MEIF 2012) that the days of the small brokers in the Middle East were numbered.

Swiss Re’s Chief Economist has outlined the challenges the industry faces from the global economy as the reinsurer published its annual economic outlook.
 

Reinsurer Munich Re released its third quarter results with a warning that the heavy impact of this years natural catastrophes will see a combined ratio well above its average annual target of 97%...

The political risk market is facing a need to re-evaluate its products for the coverage of “pure political risk” to meet client demand for greater efficiency and transparency.

With the Arab spring revolution taking place in the Middle East, elections soon to take part in South East Asia and the repercussions from the death of Osama Bin Laden finally coming to a head, Asian correspondent Hafidz Baharom  looks at the current state of the political risk market for the Middle East and North Africa (MENA).

Reinsurers have long relied on models for the calculation of natural peril exposures and now a new systems claims there is now a way to do the same for political violence and terrorism risk.

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