August 2013

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

A trend is becoming apparent in GCC region: the increased regulatory and enforcement action is now the primary source of D&O claims. The market is adjusting and tailor-made policies are already the norm. But what does the playing field look like in the Middle East? How do the markets in the UAE and other GCC countries respond? What are the claims trends and how do they define the potential areas for growth?

Earlier this month, Clyde & Co (http://www.clydeco.com) published an authoritative paper, written by Mark Beswetherick and Laura Chicken, entitled simply: “D&O in the Middle East” and we are very grateful to be able to publish it: WoRdS – Newsletter 86 – Clyde&Co – D&O in the Middle East – Eng.  Should our readers have any questions or comments, please address them to Mark Beswetherick at mark.beswetherick@clydeco.ae