July 14, 2025
Jordan: The Executive Committee of the Legal Committee discusses legal topics
In Jordan, the Executive Committee of the Legal Committee held its regular meeting on 8/7/2025. During the meeting, a number of legal topics of interest to insurance companies were discussed. Source: Al Morakeb Group
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Bilal Jarjour
July 14, 2025
Saudi Arabia: Shura council calls for studying the possibility of amending the motor claims mechanism
In the Kingdom of Saudi Arabia, the Shura Council has called on the Insurance Authority, in coordination with relevant entities, to study the possibility of amending the mechanism for filing insurance claims for minor accidents. Source: معلومات مباشر
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Bilal Jarjour
July 14, 2025
Saudi Arabia: The insurance sector makes history… a strong leap in protection and savings
In the Kingdom of Saudi Arabia, the protection and savings insurance sector recorded a remarkable jump of nearly 98.7% during the first quarter. Source: Now
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Bilal Jarjour
July 14, 2025
Best’s Commentary: Latest middle east turmoil generates additional, familiar exposures for insurers
While the most recent period of military action in the Middle East presents a range of potential geopolitical risk exposure for the insurance industry, the direct impacts will largely be limited by war exclusions and narrowly defined policy triggers, according to a new AM Best report. Source: AMBest
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Bilal Jarjour
July 10, 2025
Faster approvals ahead for Lloyd’s managing agents under new regulatory agreement
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Lloyd’s. Source: Reinsurance News
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Bilal Jarjour
July 10, 2025
General: nearly 1,000 insurers fail
Close to 1,000 insurance companies failed globally from 2000 to 2024, according to a newly released report. Source: INSURANCEBUSINESS
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Bilal Jarjour
July 10, 2025
Egyptian companies must maximize their retention to avoid global reinsurance crises
According to Mr Adel Fattori, advisor to the BOD of Wethaq Takaful Insurance Egypt, in light of the multiple risks facing the markets, Egyptian insurance companies must determine their capacity in underwriting risks and what can be retained locally. Source: أموال الغد
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Bilal Jarjour
July 10, 2025
Morocco: Resilient insurance sector maintains positive momentum
According to an official media statement, the insurance sector maintained positive momentum, with overall revenue increasing by 5.1% to MAD58.8bn ($6.54bn) in 2024. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Morocco: Insurance sector on a roll propelled by modernization initiatives
The Moroccan insurance sector is entering the second half of 2025 with very favorable momentum, despite the significant disruptions affecting the global economy, according to the Moroccan Insurance Federation. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Qatar’s financial services and insurance sector emerges as key GDP driver
The financial services and insurance sector in Qatar is emerging as a vital pillar of non-hydrocarbon GDP growth. Source: The Peninsula
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