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April 20, 2024
Gulf insurance companies expected to see revenue growth in 2024: S&P
Standard & Poor’s (S&P) Global Ratings Agency said that it is likely that the total revenue growth of Gulf insurance companies will come from increased demand for insurance in 2024, as a result of continued economic growth in the region and rising prices. Source: وكالة أنباء الإمارات – وام
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Bilal Jarjour
April 20, 2024
Egypt: new procedures to regulate life insurance
The House of Representatives, headed by Counselor Dr Hanafi Jabali, will discuss in its parliamentary session scheduled for next Sunday the report of the joint committee from the Economic Affairs Committee, the offices of the Constitutional and Legislative Affairs Committees, the medium, small and micro enterprises, and the plan and budget, a draft law submitted…
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Bilal Jarjour
April 18, 2024
UAE: “comprehensive insurance”… a lifeline for owners of vehicles damaged by rain
During these days, the UAE witnessed unprecedented heavy rainfall in 75 years, according to the competent authorities, causing serious damage to a large number of vehicles, homes, residential towers, airports, shopping centers, shops, factories, companies and other properties. Sourceالخليج
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Bilal Jarjour
April 18, 2024
Howden launches cargo facility against war risks
Howden has launched a new cargo warfare risk facility to protect ships from drone and missile attacks by Yemeni based in the Red Sea, and to boost global supply chains. Source: Al Morakeb group
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Bilal Jarjour
April 18, 2024
Regulator says inclusive insurance is a priority
The Securities and Exchange Commission of Pakistan (SECP) has issued a report that explores inclusive insurance in Pakistan, highlighting its untapped market potential. Source: Asia Insurance Review
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Bilal Jarjour
April 18, 2024
Oman: Call for action amidst flood carnage
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April. Source Middle East Insurance review
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Bilal Jarjour
April 17, 2024
MEA: insurance companies increase their prices in anticipation of risks in the region
The World Bank said that there are indications that insurance companies are resorting to increasing insurance prices and risk premiums resulting from the war that Israel is waging against the Palestinians in Gaza. They included clauses in the contracts that allow them cancellation in anticipation of the repercussions of escalation in the region. Source: العربي…
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Bilal Jarjour
April 17, 2024
Jordan: The government approves the JIF bylaws
In Jordan, the Government, in its session held on Sunday 14/4/2024, chaired by Prime Minister Bisher Al-Khasawneh, approved the bylaws of the Jordan Insurance Federation for the year 2024. Source: المملكة
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Bilal Jarjour
April 17, 2024
UAE insurance market: 2023 results
The Central Bank of the United Arab Emirates (CBUAE) has published preliminary data on the local insurance market for the 2023 financial year. Source: Atlas Magazine
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Bilal Jarjour
April 17, 2024
Top GCC insurers’ revenue surges 19pc to $32bn in FY2023
The price increases, regulatory enforcement as well as merger and acquisition (M&A) activity and the favourable economic conditions have boosted the insurance revenue of 76 listed insurers in GCC for a second consecutive year in FY 2023, according to a report by research and consulting practice Insurance Monitor in association with Lux Actuaries and Consultants.…
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