"Among all top 10 stock advisory company Indore Trade Nivesh is the best financial platform to get daily intraday stock market recommendations and market calls. You can also visit our site to have free trading trials."
Top Mid cap shares for investing.Which are best shares of 2015 for highest return in long term. Top shares, Best shares, Highest return, Long term, Wealth Creation,
QNBFS Daily Market Report December 06, 2021QNB Group
The QE Index declined 0.1% to close at 11,586.7. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
"Among all top 10 stock advisory company Indore Trade Nivesh is the best financial platform to get daily intraday stock market recommendations and market calls. You can also visit our site to have free trading trials."
Top Mid cap shares for investing.Which are best shares of 2015 for highest return in long term. Top shares, Best shares, Highest return, Long term, Wealth Creation,
QNBFS Daily Market Report December 06, 2021QNB Group
The QE Index declined 0.1% to close at 11,586.7. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
Mr. Jagannadham Thunuguntla talks about the high debt to equity ratio of Tata Motors and the necessity to further dilute the stake to bring it down to more reasonable levels.
Article published in FULLCOVER 9 that presents Fosun group, shareholder of Fidelidade, highlighting the group's strategy for the insurance industry and for the main player in the Portuguese market
This document brings together a set of latest data points and publicly available information relevant for Insurance Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
2015 was an interesting year for the UK trade credit insurance market. There have been soft market conditions and premium rates have been at historically low levels, with the size and frequency of claims increasing alongside this. In 2016 we expect market conditions to remain competitive and pricing to stabilise. This is due to the claims environment and global uncertainty from commodity price volatility, the Chinese stock market and a potential housing bubble in the UK.
Team barely managing cfa research challenge 2020RuhulRaad
Our case company was Brac Bank limited. Through our intensive research and financial analysis, we have
given BUY recommendation on Brac Bank limited with a one year holding period up to December 2021.
DSP World Mining Fund - An Open Ended Fund Of Funds Scheme investing in Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
Numsa and SACCA reject opportunistic comments made by dpeSABC News
The National Union of Metalworkers of South Africa (NUMSA) and the South Africa Cabin Crew Association (SACCA) reject the statement issued by the Department of Public Enterprises where it states that, “the strike initiated by NUMSA and SACCA caused immense damage to the reputation, operations and the deterioration of finances at SAA”. This is an opportunistic attempt to deflect attention away from the reality that the board and the senior management created this environment.
• A virtual account meaning
• What is Investment companies
• Types of investment companies
• Reasons for selection of such companies for investment;
• Coca cola
• Tata motors
• Bajaj auto
• Agarbatti ( incense sticks )
• Reliance industries
• Tata consultancy service
10
Contents:
Acknowledgment……………………………………………………………………………
Abstract ……………………………………………………………………………………………...Chapter 1:
Economic insurance sector in Saudi Arabia……………………………………………..
Problems that the economical insurance sector in Saudi Arabia is facing………..
Goal of the project……………………………………………………………………..
Objective of the project……………………………………………………………….
Company profile ……………………………………………………………………………..
Introduction of Marsh………………………………………………………………..
Marsh & McLennan Company SWOT analysis……………………………………
General line…………………………………………………………………………………
Medical………………………………………………………………………………………
Placement……………………………………………………………………………………
Chapter 2:
Data collocation……………………………………………………………………………
Chapter 3:
Computing liquidity ratio ………………………………………………………………..
Computing profitability measures ……………………………………………………….
Profit margin ……………………………………………………………………………..
Computing market value measure ………………………………………………………….
Conclusion &recommendation……………………………………………………………..
Reference…………………………………………………………………………………..
Appendix …………………………………………………………………………………...
Abstract
Insurance companies have played a big role in ensuring that they take risks on behalf of the insured. By being insured, the insured is able to have peace of mind. A good protection and management are done for your business. However, in order to be successful in the insurance sector, there are several participants who play key roles in the sector. This project shows how one of the participants, the insurance broker, works in this sector.
An insurance broker is one of the participants who help the company in selling and negotiating insurance for compensation. The insurance broker duty is to work and get the best interest of the insured or his client and provide the right advice, which is independent of any influence of the insurance company in terms of professional advice.
This project shows a framework of all the roles of the insurance broker in the insurance company into much detail. An insurance broker is very important in the insurance company in ensuring its success. In this project, the insurance broker is the main theme and a clear illustration is made on how they bring an effect in the sector. The growth of the insurance services sector is illustrated how it has affected by the presence of the insurance broker in the sector.
A close statistical data review of the insurance sector is undertaken in the project. A review of how Marsh &McLennan shows the role of their insurance broker is laid out. They particularly deal with clients and new customers by explaining to them the products offered by the company and the benefit they get from it. The project talks about how to avoid risks that insurers are exposed to, and how strategies on how to grow in the sector.
Chapter1:Introduction
Background
Economic insurance sector in Saudi Arabia
In the 1950s Saudi Arabia had a small amount of the insurance activity. The industry started showing sustained growth after the oil ...
Mr. Jagannadham Thunuguntla talks about the high debt to equity ratio of Tata Motors and the necessity to further dilute the stake to bring it down to more reasonable levels.
Article published in FULLCOVER 9 that presents Fosun group, shareholder of Fidelidade, highlighting the group's strategy for the insurance industry and for the main player in the Portuguese market
This document brings together a set of latest data points and publicly available information relevant for Insurance Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
2015 was an interesting year for the UK trade credit insurance market. There have been soft market conditions and premium rates have been at historically low levels, with the size and frequency of claims increasing alongside this. In 2016 we expect market conditions to remain competitive and pricing to stabilise. This is due to the claims environment and global uncertainty from commodity price volatility, the Chinese stock market and a potential housing bubble in the UK.
Team barely managing cfa research challenge 2020RuhulRaad
Our case company was Brac Bank limited. Through our intensive research and financial analysis, we have
given BUY recommendation on Brac Bank limited with a one year holding period up to December 2021.
DSP World Mining Fund - An Open Ended Fund Of Funds Scheme investing in Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
Numsa and SACCA reject opportunistic comments made by dpeSABC News
The National Union of Metalworkers of South Africa (NUMSA) and the South Africa Cabin Crew Association (SACCA) reject the statement issued by the Department of Public Enterprises where it states that, “the strike initiated by NUMSA and SACCA caused immense damage to the reputation, operations and the deterioration of finances at SAA”. This is an opportunistic attempt to deflect attention away from the reality that the board and the senior management created this environment.
• A virtual account meaning
• What is Investment companies
• Types of investment companies
• Reasons for selection of such companies for investment;
• Coca cola
• Tata motors
• Bajaj auto
• Agarbatti ( incense sticks )
• Reliance industries
• Tata consultancy service
10
Contents:
Acknowledgment……………………………………………………………………………
Abstract ……………………………………………………………………………………………...Chapter 1:
Economic insurance sector in Saudi Arabia……………………………………………..
Problems that the economical insurance sector in Saudi Arabia is facing………..
Goal of the project……………………………………………………………………..
Objective of the project……………………………………………………………….
Company profile ……………………………………………………………………………..
Introduction of Marsh………………………………………………………………..
Marsh & McLennan Company SWOT analysis……………………………………
General line…………………………………………………………………………………
Medical………………………………………………………………………………………
Placement……………………………………………………………………………………
Chapter 2:
Data collocation……………………………………………………………………………
Chapter 3:
Computing liquidity ratio ………………………………………………………………..
Computing profitability measures ……………………………………………………….
Profit margin ……………………………………………………………………………..
Computing market value measure ………………………………………………………….
Conclusion &recommendation……………………………………………………………..
Reference…………………………………………………………………………………..
Appendix …………………………………………………………………………………...
Abstract
Insurance companies have played a big role in ensuring that they take risks on behalf of the insured. By being insured, the insured is able to have peace of mind. A good protection and management are done for your business. However, in order to be successful in the insurance sector, there are several participants who play key roles in the sector. This project shows how one of the participants, the insurance broker, works in this sector.
An insurance broker is one of the participants who help the company in selling and negotiating insurance for compensation. The insurance broker duty is to work and get the best interest of the insured or his client and provide the right advice, which is independent of any influence of the insurance company in terms of professional advice.
This project shows a framework of all the roles of the insurance broker in the insurance company into much detail. An insurance broker is very important in the insurance company in ensuring its success. In this project, the insurance broker is the main theme and a clear illustration is made on how they bring an effect in the sector. The growth of the insurance services sector is illustrated how it has affected by the presence of the insurance broker in the sector.
A close statistical data review of the insurance sector is undertaken in the project. A review of how Marsh &McLennan shows the role of their insurance broker is laid out. They particularly deal with clients and new customers by explaining to them the products offered by the company and the benefit they get from it. The project talks about how to avoid risks that insurers are exposed to, and how strategies on how to grow in the sector.
Chapter1:Introduction
Background
Economic insurance sector in Saudi Arabia
In the 1950s Saudi Arabia had a small amount of the insurance activity. The industry started showing sustained growth after the oil ...
CII-EY report titled Insurer of the Future reveals that technology will power the new wave of change for the Indian Insurance Industry. The report recommends pursuing technology to improve the traditional insurance process and to re-configure the insurance business model.
Paper Topic; Insurance Market Penetration in Ghana Case study Vanguard Assura...Newton Bezeng
This case study will be centered around examining the principle of market penetration with regards to the insurance industry in Ghana. In particular, I will be using the case study of Vanguard Assurance Company Limited to critically examine this principle and see how its operation in the insurance industry has been affected positively or negatively by the principle of market penetration and the way forward concerning their activities. Possible alternatives solutions to guarantee insurance penetration in Ghana and recommended action plans that may be applied to boost insurance Penetration looking at Vanguard Assurance Company Limited as a case study.
Mercer Capital's Bank Watch | July 2023 | Bank Impairment TestingMercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Focus: Insurance Industry | Q2 2015Mercer Capital
Mercer Capital’s Insurance Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to insurance brokers, underwriters, and other industry professionals. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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2. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
2
From:
TIMMINT
Market Intelligence
To:
Whom it may concern
Subject:
Weekly Status Report, Saudi
Arabia Insurance Industry.
Issue Year 2014, Week 20
Report Sections Page
KSA INSURANCE
NEWS
2
TADAWUL
INSURANCE INDEX
5
MARKET
PERFORMANCE
6
COMPANIES
PERFORMANCE
7
Who We Are
Visit our website to learn
more about us
www.timmint.com
Disclaimer:
This report was prepared as an
account of work sponsored by the
Company. Certain information has
been obtained from published
sources and is given as of the dates
specified. All the information in this
publication is verified to the best of
the authors’ and publisher’s ability,
but neither the company nor the
Management Team makes any
warranty, express or implied, or
assumes any legal liability or
responsibility for the accuracy
completeness or the results of such
use of the information. All such
information is subject to change
without notice.
KSA INSURANCE NEWS
A.M. Best Special Report: Market Review: Competition,
Top-line Growth Dampen Saudi Insurers' 2013 Performance
Saudi Arabia's insurance market remains one of the main markets within the Gulf Cooperation
Council, with premiums expected to surpass the United Arab Emirates over the next five years,
according to a new report from A.M. Best.
The group said the insurance market saw premiums expand significantly in 2013, and although
growth is expected to slow in 2014, it remains above historical levels.
According to the report, "Competition, Top-line Growth Dampen Saudi Insurers' 2013
Performance," while growth in recent years has been mainly driven by compulsory motor and
medical, the Saudi market saw a substantial loss-making year in 2013, stemming mainly from
inadequate pricing and material reserve deficiencies in the motor and medical portfolios.
Most of the market's premium growth comes from rate increases in these lines of business, with
rates likely to continue rising, as actuaries will need to review technical pricing over the coming
years.
Mahesh Mistry, director, analytics, said: "The challenge that the Saudi insurance market has faced
in recent years has strained not just underwriting performance but also capital adequacy, which
has been in decline in recent years, with net underwriting leverage substantially increasing.
Many insurers have seen a significant erosion of capital and surplus over the past two years. The
market overall needs a capital injection to replenish capital levels, while the process of infusing
capital needs to be accelerated."
A.M. Best expects that strains on capital adequacy and profitability will
likely continue for Saudi insurers in 2014. Many insurers are still below
minimum capital requirements. Continued pressure on operating
performance will likely cause a further strain on risk-adjusted
capitalisation. Solvency margins that are under strain may encourage
reinsurers to offer capital relief programmes.
The uncertainties over the effects of the Saudi Arabian Monetary Agency's (SAMA) 2013 actuarial
review of the technical pricing of both medical and motor insurance have several implications.
Vasilis Katsipis, general manager, market development - MENA, South & Central Asia, added:
"A.M. Best believes that underperforming companies may become less competitive in the market
as their franchises may be affected, while the top performers in these business lines may have
greater flexibility in pricing."
Source: insurancenewsnet.com
The TIMMINT Group is
specialized in providing
professional services to the
worldwide business
community.
3. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
3
A.M. Best Downgrades Ratings of The Mediterranean & Gulf
Insurance & Reinsurance Company B.S.C. (c) and its Main
Subsidiary
A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and
issuer credit rating to “a-” from “a” of The Mediterranean & Gulf Insurance & Reinsurance
Company B.S.C. (c) (Medgulf Bahrain) and of The Mediterranean and Gulf Cooperative Insurance
and Reinsurance Company (A Saudi Joint Stock Company) (Medgulf KSA). The outlook for all
ratings remains stable.
The rating downgrades reflect the reduction in Medgulf Bahrain’s risk-adjusted capitalisation in
2013 following a change in its reserving methodology, which resulted in a material underwriting
loss at the Saudi subsidiary.
In 2013, the entire Saudi insurance market increased the level of conservatism in the calculation of
technical reserves, as instructed by the Saudi Arabian Monetary Agency (SAMA). The change in
reserving basis followed a market-wide strategic review of insurance products, with motor and
medical business lines receiving the greatest scrutiny.
Auditors and actuaries were instructed by SAMA to be more conservative in their assessments of
companies’ technical reserves. In 2013, Medgulf KSA reported an increase in net reserves for
outstanding claims of SAR 466 million (USD 126 million), producing a net loss of SAR 192 million
(USD 51 million) that drove a 16% decrease in the shareholders’ equity. On a consolidated basis,
Medgulf Bahrain reported a net loss of SAR 243 million (USD 65 million), reducing shareholders’
equity by 11%.
While this increase in technical reserves has affected Medgulf KSA’s risk-
adjusted capitalisation, A.M. Best expects the company’s historically strong
operating performance to return and stabilise the group’s capital position.
Medgulf KSA has produced solid earnings for the first quarter of 2014,
reporting a net profit of SAR 51 million (USD 14 million).
Upward rating movement for Medgulf Bahrain could result from evidence that this reserve charge
was a one-time event, and through an improvement in risk-adjusted capitalisation to a level that is
supportive of a higher rating. Downward rating pressure could occur if there was a further
deterioration in Medgulf Bahrain’s operating performance or its risk-adjusted capitalisation was to
decrease to a level not supportive of the current ratings.
The ratings of Medgulf KSA benefit from rating enhancement from Medgulf Bahrain, given its
strategic importance to the group. Upwards and downwards rating movement for Medgulf KSA
could result from a change in its stand-alone assessment or a change in parental support.
Source: Marketwatch
Medgulf lost
$51 million
16% decrease
in
shareholder’s
equity
USD 126
million
increase in net
reserves
4. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
4
Consolidation, Private Equity and Emerging-Market Interest
Drove 2013 Global Insurance Merger and Acquisition
Activity
Global insurance merger and acquisition (M&A) activity in 2013 within the property/casualty,
life/health and reinsurance sectors was driven largely by industry consolidation, A.M. Best
research has found, as many companies have been looking to divest noncore assets post-financial
crisis.
According to a release, the number of 2013 deals in
the property/ casualty and reinsurance sectors fell
roughly 25% compared with 2012, while the
life/health industry saw a 15% rise in activity in 2013
over the previous year. While consolidation is an M&A
trend running through all these sectors, private equity
also had a pronounced influence on dealings, as firms
have been focused on increasing their participation in
the insurance sectors.
In addition, interest in emerging markets, as a means to diversify globally and to combat low
interest rates, has increasingly become a driver of M&A activity as well. This review is the
centerpiece of the latest Best's Journal, a biweekly publication that presents A.M. Best's original
research, analysis and commentary on the global insurance industry, available exclusively as part
of a subscription to the Best's Insurance News & Analysis service.
One of the highlights in this issue of Best's Journal included:
Competition, Top-Line Growth Dampen Saudi Insurers' 2013 Performance:
Saudi Arabia's insurance market saw a loss-making year in 2013, due
primarily to inadequate pricing and material reserve deficiencies in the motor
and medical portfolios, according to a Best's Special Report.
Source: insurancenewsnet.com
5. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
5
TADAWUL INSURANCE INDEX
Insurance Sector Performance:
The Tadawul insurance index chart illustrates the global performance of all Saudi insurance companies in the stock market, for a
period of one year, showing a year to date change of (21.69%).
Insurance Index - Year to Date Figures
Index as of 31 Dec Current Index Indicator YTD Change % of change
1,207.18 1,468.78 261.80 21.69%
Insurance Index (One Year)
--- Volume --- Index
Tadawul All Share Index - TASI (One Year)
--- Volume --- Index
Insurance Index - 52 Weeks Price
High Date Low Date Current Price
1,382.66 2013/04/15 1,031.43 2013/09/09 1,468.78
6. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
6
MARKET PERFORMANCE
The tables hereunder reflect the performance of the listed insurance companies during the last 6 days.
* Last 6 days. * Last 6 days.
* Last 6 days.
* Last 6 days. * Last 6 days.
Company
Price
Begin High Low End
Tawuniya 46.5 46.9 45.4 46.1
Medgulf 35.8 36.9 35.4 36.4
Malath Insurance #N/A #N/A #N/A #N/A
Arabian Shield #N/A #N/A #N/A #N/A
SALAMA 39 47.9 38.9 46
SABB Takaful 45.4 48.2 45 46.4
SAICO 51.75 54 51.5 53.5
ATC 60.75 64.5 60 62.25
Gulf Union 27.1 30.9 26.9 29.9
SANAD 20.8 22.55 20.65 22.05
Allianz sf 62.75 66.5 62.25 65.5
Trade Union 28.6 31.1 28.2 30.2
Sagr Insurance #N/A #N/A #N/A #N/A
WAFA Insurance 109.5 113.7
5
98.25 98.25
AICC 23.8 24.6 22.95 24.05
Walaa Insurance 31.4 32.8 31.2 32.2
Saudi Re 13.5 13.65 13.35 13.55
Company
Price
Begin High Low End
Bupa Arabia 88 97 85.75 91.5
U C A 27.6 29 27.4 28.5
Al-Ahlia 59 63.5 58.5 59.25
ACIG 29.1 31.4 28.7 30.3
Al Rajhi Takaful #N/A #N/A #N/A #N/A
ACE 67 77 66.5 77
Al Alamiya 100.75 104 97 99.25
AXA-Cooperative #N/A #N/A #N/A #N/A
Gulf General 46.5 49 46.2 48
Weqaya Takaful 25 26 24.9 24.9
Buruj 53 56.25 52.5 56
Wataniya 105.5 108.5 103 103.75
AMANA #N/A #N/A #N/A #N/A
Solidarity 25.9 26.7 25.5 26.2
Enaya 46.6 48.3 45.9 46.4
Alinma Tokio M #N/A #N/A #N/A #N/A
Jazira Takaful 59.75 62 58.5 59.75
ANB insurance #N/A #N/A #N/A #N/A
Top 5 Most Active by Volume
Company Volume Value
Amana Insurance 25,389,344 70,625,446
Saudi Re 19,378,286 39,807,330
Solidarity 15,508,031 39,001,147
SANAD 10,812,870 78,496,019
Gulf Union 9,718,074 78,399,141
Top 3 Gainers/Losers by Value
Company
Change
Value %
ACE 10 14.93
SALAMA 7 17.95
Bupa Arabia 3.5 3.98
Company
Change
Value %
WAFA Insurance -11.25 -10.27
Wataniya -1.75 -1.66
Al Alamiya -1.5 -1.49
Top 3 Gainers/Losers by Percentage
Company
Change
Value %
SALAMA 7 17.95
ACE 10 14.93
Gulf Union 2.8 10.33
Company
Change
Value %
WAFA Insurance -11.25 -10.27
Wataniya -1.75 -1.66
Al Alamiya -1.5 -1.49
7. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
7
COMPANIES PERFORMANCE
Tadawul – Insurance Companies Charts:
There are presently 35 listed insurance companies onto the Tadawul Stock Exchange.
The charts below show their evolution in price and volume for a period of one year or since their first introduction to the
list/quote.
Tawuniya
Price Change
Begin High Low End Value %
30.8 49.8 28.6 46.1 15.3 49.68
* One year data --Volume --Last Trade Price
MedGulf
Price Change
Begin High Low End Value %
27.1 37.9 20.5 36.4 9.3 34.32
* One year data --Volume --Last Trade Price
Malath
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
Arabian Shield
Price Change
Begin High Low End Value %
47.5 61.5 29.9 59 11.5 24.21
* One year data --Volume --Last Trade Price
SALAMA
Price Change
Begin High Low End Value %
49.5 66.25 32.8 46 -3.5 (7.07)
* One year data --Volume --Last Trade Price
SABB Takaful
Price Change
Begin High Low End Value %
36.7 51.75 30 46.4 9.7 26.43
* One year data --Volume --Last Trade Price
8. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
8
SAICO
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
ATC
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
Gulf Union
Price Change
Begin High Low End Value %
25.5 34.3 21.2 29.9 4.4 17.25
* One year data --Volume --Last Trade Price
SANAD
Price Change
Begin High Low End Value %
27.5 33.5 17.9 22.05 -5.45 (19.82)
* One year data --Volume --Last Trade Price
Allianz SF
Price Change
Begin High Low End Value %
75.25 96.75 58 65.5 -9.75 (12.96)
* One year data --Volume --Last Trade Price
Trade Union
Price Change
Begin High Low End Value %
24.7 31.1 19 30.2 5.5 22.27
* One year data --Volume --Last Trade Price
Sagr Insurance
Price Change
Begin High Low End Value %
25.4 42.6 21.55 41.6 16.2 63.78
* One year data --Volume --Last Trade Price
WAFA Insurance
Price Change
Begin High Low End Value %
135 179.75 54.75 98.25 -36.75 (27.22)
* One year data --Volume --Last Trade Price
9. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
9
AICC
Price Change
Begin High Low End Value %
29.8 30.5 19.5 24.05 -5.75 (19.30)
* One year data --Volume --Last Trade Price
Walaa Insurance
Price Change
Begin High Low End Value %
28.3 34.7 22.9 32.2 3.9 13.78
* One year data --Volume --Last Trade Price
Saudi Re
Price Change
Begin High Low End Value %
10.8 14.15 9.45 13.55 2.75 25.46
* One year data --Volume --Last Trade Price
Bupa Arabia
Price Change
Begin High Low End Value %
28.6 97 27 91.5 62.9 219.93
* One year data --Volume --Last Trade Price
UCA
Price Change
Begin High Low End Value %
35.6 37.1 20.6 28.5 -7.1 (19.94)
* One year data --Volume --Last Trade Price
Al-Ahlia
Price Change
Begin High Low End Value %
50 80.25 39 59.25 9.25 18.50
* One year data --Volume --Last Trade Price
ACIG
Price Change
Begin High Low End Value %
37 41.9 24.4 30.3 -6.7 (18.11)
* One year data --Volume --Last Trade Price
AlRajhi Takaful
Price Change
Begin High Low End Value %
51.5 54.75 38 49.4 -2.1 (4.08)
* One year data --Volume --Last Trade Price
10. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
10
ACE
Price Change
Begin High Low End Value %
65.5 77 55.25 77 11.5 17.56
* One year data --Volume --Last Trade Price
Al Alamiya
Price Change
Begin High Low End Value %
54 104 42.4 99.25 45.25 83.80
* One year data --Volume --Last Trade Price
AXA Cooperative
Price Change
Begin High Low End Value %
43.5 55.5 33.1 48 4.5 10.34
* One year data --Volume --Last Trade Price
Gulf General
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
Weqaya Takaful
Price Change
Begin High Low End Value %
35.5 37.3 24.15 24.9 -10.6 (29.86)
* One year data --Volume --Last Trade Price
Buruj
Price Change
Begin High Low End Value %
46.4 61.5 41.2 56 9.6 20.69
* One year data --Volume --Last Trade Price
Wataniya
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
AMANA Insurance
Price Change
Begin High Low End Value %
37.3 48.5 30.3 38.5 1.2 3.22
* One year data --Volume --Last Trade Price
11. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
11
Solidarity
Price Change
Begin High Low End Value %
27.8 29.8 22.1 26.2 -1.6 (5.76)
* One year data --Volume --Last Trade Price
Enaya
Price Change
Begin High Low End Value %
40.7 51.25 33 46.4 5.7 14.00
* One year data --Volume --Last Trade Price
Alinma Tokio M
Price Change
Begin High Low End Value %
#N/A #N/A #N/A #N/A #N/A #N/A
* One year data --Volume --Last Trade Price
Jazira Takaful
Price Change
Begin High Low End Value %
11 72.5 11 59.75 48.75 443.18
* 3 months data --Volume --Last Trade Price
ANB Insurance
Price Change
Begin High Low End Value %
11 87.5 11 75.75 64.75 588.64
* 3 month data --Volume --Last Trade Price
12. TIMMINT Market Intelligence KSA Insurance Weekly Report 09 to 15 May, 2014
12
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