Maarad Street, Beirut Central District, Lebanon
arabre@arabre.com
+961 1 989500
July 17, 2024
Egypt: FRA signs a cooperation agreement with NTRA
The Financial Regulatory Authority (FRA) signed the first cooperation with the National Telecom Regulatory Authority (NTRA) as part of efforts to support digital transformation and financial inclusion efforts by signing an agreement on customer data verification service in Egypt. Source:أموال الغد
Read morePOSTED BY
Bilal Jarjour
July 17, 2024
Kuwait: Insurance Unit the first line of protection for customers and companies
The Head of the Insurance Regulatory Unit, Mohammad Al Otaibi, listed the most prominent risks facing the insurance sector, and the plans developed by the unit to combat negative practices, and to protect customers and companies. Source: Al Jarida
Read morePOSTED BY
Bilal Jarjour
July 17, 2024
Egypt: President El Sisi signs the “unified insurance law”
In Egypt, President Abdel Fattah El Sisi signed the law no 155 of year 2024 issuing the “unified insurance law”. The provisions of this law and annex apply to insurance and reinsurance activities and related insurance services, professions and activities. Source: اليوم السابع
Read morePOSTED BY
Bilal Jarjour
July 6, 2024
Jordan: Central Bank: draft law to regulate the relationship between insurers and insureds
The Governor of the Central Bank of Jordan, Adel Cherkes, confirmed that the bank is working on a draft insurance law to regulate the contractual relationship between insurance companies and their insureds, and to provide a legal basis for the stability of the contractual relationship between them. Source: jfranews.com.jo
Read morePOSTED BY
Bilal Jarjour
July 6, 2024
Algeria: Insurance industry grows by 4% in 1Q2024
The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA). Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
July 6, 2024
Morocco: Resilient insurance market sees 6.2% profit increase
Despite rising interest rates, the Moroccan insurance sector managed to maintain its growth in 2023, albeit at a slower pace, according to the Committee for Coordination and Monitoring of Systemic Risks (CCSRS). Source: 7NEWSMOROCCO
Read morePOSTED BY
Bilal Jarjour
July 6, 2024
Lebanon: Health insurance: premiums on the rise
Medical care costs are experiencing significant inflation. Major private insurers in the Lebanese market, contacted by This is Beirut, have indicated that their health insurance premiums will increase by about 10% starting July 1st. Source: THIS IS BEIRUT
Read morePOSTED BY
Bilal Jarjour
July 2, 2024
Morocco: a challenging hot spot for farmers, society and crop re/insurance
Using process-based crop growth models (CGMs), Swiss Re has been able to gain new insights into the challenges facing the sector in Morocco. Source: Swiss Re
Read morePOSTED BY
Bilal Jarjour
July 2, 2024
Algerian insurance market: turnover as at 31 March 2024
The National Insurance Council (CNA) has published the main activity indicators of the Algerian market for the first quarter of 2024. Source: Atlas Magazine
Read morePOSTED BY
Bilal Jarjour
July 2, 2024
Egypt: Increase of the insurance density rate by 23.7% to record 584 EGP
The insurance density rate in Egypt – total premiums to population – increased to record 584 EGP during the last fiscal year 2022/2023, compared to 472 EGP in the previous fiscal year 2021/2022, with a growth rate of 23.7%. Source: أموال الغد
Read morePOSTED BY