Egypt: IFE seeks to remove regulatory and procedural obstacles to sector growth
The Insurance Federation of Egypt, headed by Mr Alaa El-Zohairy, revealed its efforts to remove regulatory and procedural obstacles that may hinder the growth of insurance, by supporting digital transformation and simplifying issuance, collection, and compensation procedures. Source: Al Morakeb
Standardized metrics needed to close $0.9tn cyber risk protection gap: Zurich
With the world facing a $0.9 trillion cyber risk protection gap, Zurich is calling for the adoption of standardized national cyber security metrics to close it, which would involve the collaboration between governments and the private sector. Source: Reinsurance News
Turkey: New takaful framework to combine global standards with local principles
The Insurance and Private Pension Regulation and Supervision Agency plan to release soon a new set of regulations on participation insurance, also known as takaful. Source: Middle East Insurance News
Lloyd’s to enhance oversight of legacy transactions
Lloyd’s, the specialist insurance and reinsurance marketplace headquartered in London, has introduced new oversight measures for legacy reinsurance transactions. Source: Reinsurance News
9 in 10 businesses interested in insurance for Gen-AI-related risks
Over 90% of businesses worldwide have expressed interest in insurance coverage for Generative AI (Gen AI) risks, with two-thirds willing to pay at least 10% higher premiums for such coverage, according to a new report by the Geneva Association. Source: Reinsurance News
UAE: The UAE insurance sector has shown resilience following the 2024 floods
The UAE’s insurance industry proved its mettle in the face of the country’s worst floods on record, cushioning the financial system from what could have been a major economic shock. Source: Khaleej Times
Tunisia: Insurance association aims to double GDP share to 5%
The insurance sector contributes 2.4% to Tunisia’s GDP, estimating that this share could reach 5% in the medium term, subject to improved governance, increased skills and accelerated digital transformation. Source: Middle East Insurance News
Egypt: insurance premiums grow by 21.4% and claims rise to 6.2 billion pounds in July 2025
The total premiums collected from insurance activities rose to 11.2 billion pounds in July 2025, compared to 9.19 billion pounds in the same month of year 2024. Source: المال
The Insurance Federation of Egypt, headed by Mr Alaa El-Zohairy, revealed its efforts to remove regulatory and procedural obstacles that may hinder the growth of
With the world facing a $0.9 trillion cyber risk protection gap, Zurich is calling for the adoption of standardized national cyber security metrics to close
The Insurance and Private Pension Regulation and Supervision Agency plan to release soon a new set of regulations on participation insurance, also known as takaful.
Lloyd’s, the specialist insurance and reinsurance marketplace headquartered in London, has introduced new oversight measures for legacy reinsurance transactions. Source: Reinsurance News
Over 90% of businesses worldwide have expressed interest in insurance coverage for Generative AI (Gen AI) risks, with two-thirds willing to pay at least 10%
The UAE’s insurance industry proved its mettle in the face of the country’s worst floods on record, cushioning the financial system from what could have