Egypt: FRA Chairman Islam Azzam issues a decision to facilitate the approval of group insurance contracts
Dr Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), issued a decision regarding the regulations for notifying the Authority of insurance contract data issued by life insurance and fund formation companies. Source: رجال الأعمال
Egypt: Head of FRA: 448,000 insurance policies issued for Egyptians abroad with EGP 110 million as premiums within a year
The Chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam, revealed that around 448,000 insurance policies have been issued for Egyptians working abroad, with total premiums reaching EGP 110 million since the update of the optional insurance policy in July 2025. Source: أموال الغد
Kuwait: the “Insurance Regulatory Unit” issues a circular regarding anti-money laundering and combating the financing of terrorism requirements
The Kuwaiti Insurance Regulatory Unit issued the circular no 14 of year 2026 regarding the obligations that entities subject to anti-money laundering and combating the financing of terrorism rules must comply with. Source: معلومات مباشر
Risk of supply shocks from ME conflict likely to remain elevated, with specialty lines most directly exposed
The Middle East conflict that dominated the first half of 2026 represents the fourth major supply shock to the global economy in the past six years, according to Swiss Re. Source: Middle East Insurance Review
Egypt: Insurance federation calls for alignment with national strategies to foster growth
The Insurers Federation of Egypt (IFE) has emphasized that the insurance sector is a cornerstone of economic and financial stability. Moving beyond its traditional role of merely compensating for losses, the sector acts as a key driver of economic development and risk mitigation at both the macro and micro levels.
Turkiye: Police smash $4.3m fake accident insurance racket, 240 suspects identified
The Turkish authorities have busted a criminal organization based in Izmir, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) through fake traffic accidents. Source: Middle East Insurance Review
Mid-year 2026 casualty reinsurance demand flat as favorable pricing conditions persist: Aon
Aon, Report for the mid-year 2026 renewals that casualty reinsurance demand remained broadly flat, while pricing conditions stayed favorable across both US and international markets amid rising capacity and sustained competition. Source: Reinsurance News
Global insurance companies’ assets rise to $42 trillion by the end of 2024
The Egyptian Insurance Federation confirmed in its weekly bulletin that the total assets of global insurance companies increased by 3% to reach around $42 trillion by the end of 2024, reflecting the growing role of the sector in supporting financial markets and financing long-term investments. Source: المال
Dr Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), issued a decision regarding the regulations for notifying the Authority of insurance contract data issued
The Chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam, revealed that around 448,000 insurance policies have been issued for Egyptians working abroad, with
The Kuwaiti Insurance Regulatory Unit issued the circular no 14 of year 2026 regarding the obligations that entities subject to anti-money laundering and combating the
The Middle East conflict that dominated the first half of 2026 represents the fourth major supply shock to the global economy in the past six
The Insurers Federation of Egypt (IFE) has emphasized that the insurance sector is a cornerstone of economic and financial stability. Moving beyond its traditional role
The Turkish authorities have busted a criminal organization based in Izmir, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) through fake