Kuwait: The insurance sector has witnessed significant changes in the legislative and regulatory environment
Sami Sharif, CEO of Kuwait Insurance Company, said that the insurance sector has seen significant changes in the legislative and regulatory environment in recent years. It’s no longer just about a new law being issued every so often; we are now facing a rapid flow of laws, regulations, decisions, and
Turkiye: 42% of residential properties lack compulsory earthquake insurance
Although the Turkish Catastrophe Insurance Pool (DASK) has been working for over 25 years to increase the rate of mandatory earthquake insurance, approximately half of the homes across Turkiye are uninsured. Source: Middle East Insurance Review
Oman: Omani insurance companies increase profits by 5% to OMR 20.9 million in the first half
Net profits of insurance and Takaful companies listed on the Muscat Stock Exchange rose by 5% during the first half of 2026, reaching approximately OMR 20.9 million—up from OMR 19.9 million during the same period last year—despite pressures stemming from rising claims, particularly in property and motor insurance. Source: Daily8
Saudi Arabia: Insurance Authority Launches Mandatory Insurance for Crowded Venues
The Saudi Insurance Authority, in collaboration with the General Directorate of Civil Defence, has launched a mandatory cooperative third-party liability insurance policy for crowded venues and high-risk activities. This initiative aims to enhance protection for visitors and patrons while supporting the ability of establishments to manage the financial impact of
GCC: Islamic insurers’ earnings projected to improve this year
The Gulf Cooperation Council (GCC) region is projected to expand in 2026 and generate earnings that will exceed 2025 levels but remain volatile and below 2023-2024 levels, says S&P Global Ratings (S&P). Source: Middel East Insurance Review
UAE: 512 million dirhams in compensation from “Unemployment Insurance”
The Ministry of Human Resources and Emiratization revealed pioneering achievements and outstanding results achieved by the social protection system for workers in the labor market in securing their financial entitlements and raising their awareness during the first half of 2026. Source: Al Morakeb
Best’s Market Segment Report: Strengthened by Hard-Market Years, Global Reinsurance Segment Reaches an Inflection Point
The global reinsurance segment is at a critical inflection point as reinsurers’ strong earnings since 2023 have driven robust capital generation. Source: AM Best
Saudi Arabia: Recovery broadens, but market leadership remains highly concentrated
The preliminary results of the Saudi insurance market for the first half of this year suggest that the sector is gradually moving beyond the difficult conditions experienced throughout 2025, according to BADRI Management Consultancy, an international actuarial and risk management firm. Source: Middle East Insurance Review
Sami Sharif, CEO of Kuwait Insurance Company, said that the insurance sector has seen significant changes in the legislative and regulatory environment in recent years.
Although the Turkish Catastrophe Insurance Pool (DASK) has been working for over 25 years to increase the rate of mandatory earthquake insurance, approximately half of
Net profits of insurance and Takaful companies listed on the Muscat Stock Exchange rose by 5% during the first half of 2026, reaching approximately OMR
The Saudi Insurance Authority, in collaboration with the General Directorate of Civil Defence, has launched a mandatory cooperative third-party liability insurance policy for crowded venues
The Gulf Cooperation Council (GCC) region is projected to expand in 2026 and generate earnings that will exceed 2025 levels but remain volatile and below
The Ministry of Human Resources and Emiratization revealed pioneering achievements and outstanding results achieved by the social protection system for workers in the labor market