December 4, 2023
Egypt: Ins premiums grow by 30%
In Egypt, premiums of insurance companies increased to 54,927 billion pounds during the first 9 months of this year, compared to 42,249 billion pounds during the same period of year 2022, being an increase by 30%. Source: Amwal Al Ghad
Read more
POSTED BY
arabre
December 4, 2023
UAE: Listed ins companies performance analysis Q3 2023
In the UAE, the performance analysis of the listed insurance companies for quarter 3 year 2023, was issued by Badri on 20 November 2023. Source: Badri Consultancy
Read more POSTED BY
arabre
December 4, 2023
SAMA licenses online reinsurance brokerage company
The Saudi Central Bank (SAMA) licensed “ReTech Reinsurance Brokers Co” for a soft launch phase to provide online reinsurance brokerage services. Source: SAMA
Read more POSTED BY
arabre
December 4, 2023
KSA: Naji Al-Tamimi is appointed CEO of the Insurance Authority
The Insurance Authority in KSA has announced the appointment of Engineer Naji Al-Faisal Al-Tamimi as the CEO of the Insurance Authority. Source: Insurance Authority
Read more POSTED BY
arabre
November 27, 2023
Kuwait: Ins companies to provide the IRU with statistics on “life and money sources”
The Insurance Regulatory Unit requested those subject to the rules of combating money laundering and terrorist financing in the field of insurance to provide quarterly statistics for life insurance activities and funds operations, as well as statistics for insurance agents and brokers. Source: Alraimedia
Read more POSTED BY
arabre
November 27, 2023
Property Catastrophe Reinsurance Market Dynamics to Slow in 2024
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024, Fitch Ratings says. Source: FitchRatings
Read more POSTED BY
arabre
November 27, 2023
Governor of SAMA congratulates the Insurance Authority
Governor of the Saudi Central Bank (SAMA), H E Ayman Alsayari congratulated the Insurance Authority on the start of its work. Source: SAMA
Read more POSTED BY
arabre
November 27, 2023
KSA: Insurance Authority officially begins work
The Insurance Authority in Saudi Arabia officially begun its work after the entry into force of its regulation issued by the Council of Ministers resolution no 85 dated 15 August 2023. The Authority will assume the task of regulating the insurance sector in the Kingdom. Source: Alarabiya
Read more POSTED BY
arabre
November 14, 2023
Turkiye: Insurers expect sharp hikes in premiums in 2024
Much higher increases are expected in insurance premiums in the new year, even as premiums are already rising sharply because of high inflation. Source: Middle East Insurance Review
Read more POSTED BY
arabre
November 14, 2023
KSA: Merger of “Alinma Tokyo Marine” & “Arabian Shield Insurance”
In its extraordinary General Assembly meeting held on October 24, 2023, the shareholders of “Alinma Tokyo Marine” approved the offer submitted by the “Arabian Shield Insurance Company” to merge “Alinma Tokyo Marine” in the “Arabian Shield Company”. Source: Alarabiya
Read more POSTED BY