Nature
January 18, 2024

Record thunderstorm losses and deadly earthquakes: the natural disasters of 2023

Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn). Source: Munich Re

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 12, 2024

Egypt: FRA emphasizes the need for insurance companies to accelerate digitization and electronic distribution

Mr Mohamed Farid, Chairman of the Financial Regulatory Authority, affirmed that companies must start preparing the necessary arrangements to maximize the capabilities of the insurance sector and keep pace with changes. Source: Almal

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 12, 2024

The Reinsurance market in 2024: the dominant trends

Reinsurers are entering the renewals in better shape than in recent years, which were plagued by the Covid pandemic. Source: Atlas Magazine

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 12, 2024

Global reinsurance market: special renewal 2024

In a context of high volatility, the reinsurance market has shown a mixed picture. Source: Atlas Magazine

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 12, 2024

Best’s review: guide to understanding the ins. industry

AM best has published its monthly insurance magazine (volume 125 / Issue 1 / January 2024). Source: AM Best

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POSTED BY

Bilal Jarjour

Rating
January 5, 2024

Best’s Commentary: AM Best Issues FAQ on IFRS 17 and Credit Rating Considerations

As more insurance markets transition to the IFRS 17 accounting standard, a new AM Best commentary addresses frequently asked questions about the rating agency’s treatment of IFRS 17 data and clarifies how the accounting regime change is factored into the credit rating process. Source: AM Best

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 5, 2024

Creating new markets by Aon

From carbon capture to intellectual property to social mobility, ten transformative trends are shaping the future risk landscape. The Aon research indicates reinsurers can capitalize on $200+ billion of market potential by 2030. Source: Aon

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 5, 2024

Egypt: Several insurance branches to see price increases in 2024

Insurance companies expect medical insurance prices to rise by at least 10% in 2024 year due to high inflation and exchange rate changes. To read more, please click here. Source: Middle East Insurance Review

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
January 5, 2024

The Saudi insurance sector grew by 14.6% in Q3 of year 2023

The Insurance Authority released its first report on the performance of the insurance market in Saudi Arabia for the third quarter of year 2023, highlighting the developments and results of the sector during that period. Source: Alarabiya

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POSTED BY

Bilal Jarjour

Insurance and Reinsurance
December 29, 2023

Insured losses by Swiss Re

Insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re Institute estimates. Source: Swiss Re

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POSTED BY

Bilal Jarjour