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What are some of the biggest challenges in the insurance industry?

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Question ajoutée par Thurayya Al Qasim , Legal Counsellor , Ihqaq Law Firm
Date de publication: 2017/02/21
Ronald Kitenda
par Ronald Kitenda , Reinsurance Officer , The Jubilee Insurance Company of Uganda Limited

Insurance Fraud which can be deliberate or Opportunistic 

Keshavarao Magidewar
par Keshavarao Magidewar , General Manager - Claims , Future Generali India Insurance Company Limited

Creating awareness in the society spreading the philosophy of Insurance for their financial security.

Taqwa Ibrahim
par Taqwa Ibrahim , GP , Hospitals and

I think the claims are the biggest challenge the industry is facing .

mohamed haniff haniff
par mohamed haniff haniff , LOGISTICS CO-ORDINATOR , Food additives suppliers in Middle Eas

All export shipments to be insured to avoid any damage or natural calamities during transit

Customer Interaction

Workforce

Technology

Insurers don’t know how to price certain risks

 

 

Dr_Ashraf Mahmoud
par Dr_Ashraf Mahmoud , Professor/Independent Instuctor , Brooklyn Business School

One of the main challenges is risk management, the medical field is changing rapidly and calculation of risk is becoming more and more diverse. We must properly evaluate the market we are in and how to be proactive with prevention campaigns and health awareness.

temitope bamidele gidado
par temitope bamidele gidado , Logistics sales , BOSCH

lost and low permium are the challenges in the issurance industry today

Muhammed Shukur Uralukandiyil
par Muhammed Shukur Uralukandiyil , Executive, Operations , Asyad Qatar

From my eight years of experience in Health insurance sector I have observed that fraudulent claims are the biggest challenge the industry is facing 

Zeeshan Shaikh
par Zeeshan Shaikh , Manager And Owner , Maaza Local

There has been an increase in taxes on the majority of Insurance policies in UAE and also globally.  Eventually causing to pay a higher premium to the clients.  It also makes difficult for the Insurance companies to provide attractive and competitive rates to clients thus making the market more competitive.

The biggest challenges in the medical insurance industry from my personal point of view

1- The environment in which the medical insurance industry grows

2 - staff working on the manufacture of well

3 - treated insurance companies insurance they like cashes

4 - the development of periodic systems used to keep pace with the market

5 - the existence of the will of the administration for the success of the insurance industry in the small establishment or a large facility

6 - the existence of factors to be successful participation with the parties concerned

7. Follow up prices every 6 months and compare them with external hospitals or other insurance companies

8. Termination of medical claims on time

These are some points, not all

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