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April 13, 2024
Climate Tech and Insurance
Affordable insurance solutions are a prerequisite to attracting sufficient investment in climate technologies and deploying them widely. Assessing and mitigating the risks involved in projects are, in turn, key to developing such solutions. Source: The Geneva Association
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Bilal Jarjour
April 13, 2024
Algerian insurance market
2023’s turnover per class of business in the below source: Source: Atlas Magazine
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Bilal Jarjour
April 13, 2024
Egypt: the Senate will resume its plenary sessions next Monday to discuss health insurance challenges
The Senate will resume its activity by holding sessions on 15 and 16 April 2024, where the agenda includes ratifying the minutes of the previous sessions, and putting forward a group of requests for general discussion, including discussing the government’s policy regarding the challenges facing the comprehensive health insurance scheme. Source: الشروق
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Bilal Jarjour
April 13, 2024
Egypt: Fire insurance is a basic requirement set by the “Construction law”
In Egypt, the “Construction law” specified a number of requirements and guarantees to insure buildings against fire and accidents, and to protect real estate against risks. Source: اليوم السابع
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Bilal Jarjour
April 9, 2024
UAE ranked first in Fitch Composite Country Risk Index in 2023
The UAE ranked first in the Arab world on the Fitch Composite Risk Index in 2023, according to the Arab Investment and Export Credit Guarantee Corporation (Daman). Source Al Joumhouriah
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Bilal Jarjour
April 9, 2024
Algeria -Insurance: Prospects seen as upbeat for takaful business
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law. Source: Middle East Insurance Review
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Bilal Jarjour
April 9, 2024
Insurers’ adoption of inflation accounting expected to be smooth
The insurance market in Turkiye generated a total premium income of TRY483bn ($15.1bn) in 2023, an increase of 105% compared to 2022, Mr Ugur Gulen, president of the Insurance Association of Turkiye (TSB), indicated. Source: Middle East Insurance Review
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Bilal Jarjour
April 9, 2024
Listed insurers post higher combined insurance revenue and pre-tax profits but credit risk looms
The combined insurance revenue of listed insurance companies in the UAE saw a 20% surge to AED30bn ($10.9bn) in 2023, compared to AED25bn in 2022, according to an analysis by Badri Management Consulting of the financial statements of the insurers which number 25. Source: Middle East Insurance Review
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Bilal Jarjour
April 8, 2024
Kuwait: 34% drop in annual “insurance” sector profits to 71 million dinars
The total profits of insurance companies listed on the Kuwait Stock Exchange declined during 2023 by 36.1 million dinars (33.6%), to reach 71.1 million dinars, compared to 107.2 million dinars during 2022. Source: السياسة
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Bilal Jarjour
April 8, 2024
Data-led Underwriting: Revolutionizing Life Underwriting Through Data & Technology
The Webinar explores the transformative intersection of technology and insurance, and discover how automation not only can boost efficiency and profitability but also reshape customer experiences. Source: Asia Insurance Review
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