June 24, 2025
Israel – Iran tensions drive up marine insurance costs
The ongoing conflict between Israel and Iran has significantly increased insurance costs for ships navigating the Red Sea and Persian Gulf, reflecting growing concerns over maritime security in the region. Source: SAFETY4SEA
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Bilal Jarjour
June 24, 2025
Munich Re: Tech Trend Radar 2025
The Tech Trend Radar 2025 was developed by experts from Munich Re and ERGO to identify and assess the most relevant insurance technology trends for the upcoming year. Source: Munich Re
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Bilal Jarjour
June 24, 2025
Oman: Authority prepares to launch 2nd phase of national health insurance platform
The Financial Services Authority (FSA) is preparing for the launch of the second phase of the National Health Insurance Platform. Source: Middle East Insurance Review
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Bilal Jarjour
June 24, 2025
Egypt: IFE recommends diversifying reinsurance sources to face political tensions
The Insurance Federation of Egypt recommends the necessity of shifting towards diversifying reinsurance sources through regional companies or alliances with reinsurers in Asia and South America. Source: اليوم السابع
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Bilal Jarjour
June 21, 2025
Turkiye: Sovereign wealth fund completes M&A of state-owned insurance and pension companies
Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies, the sovereign wealth fund has said in a statement. Source: Middle East Insurance Review
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Bilal Jarjour
June 21, 2025
Sultanate of Oman: “Financial Services” to launch “Dhamani” phase 2
The Financial Services Authority organized a preparatory meeting with insurance companies and representatives of private healthcare institutions for implementing the second phase of the “Dhamani” electronic platform. This second phase involves preparing the “Dhamani” e-platform for the exchange of medical documents. Source: الرؤية
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Bilal Jarjour
June 21, 2025
UAE: Experts to “Al Khaleej”:
Geopolitical tensions boost travel insurance Amidst rapid changes casting their shadow over flight travel in the region and globally, travel insurance policies have returned to the forefront of attention, after repeated instances of flight cancellations and delays to multiple destinations in recent days. Source: الخليج
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Bilal Jarjour
June 21, 2025
UAE: Commercial car premiums jump over 300%
In the UAE, owners of private companies have reported that the cost of insurance policies for their company vehicles, known as commercial car insurance, has increased by more than 300% since the beginning of this year. Source: Al Morakeb Group
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Bilal Jarjour
June 19, 2025
Middle East: irrational increase by 60% in ship insurance prices through the strait of Hormuz
Ship insurance prices crossing the strait of Hormuz have surged over 60% since the onset of the war between Israel and Iran, amid escalating threats to shipping in this vital waterway for transporting crude oil, according to Financial Times. Source: الشرق
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Bilal Jarjour
June 19, 2025
Egypt: The Egyptian insurance sector is ready to face the repercussions of the war between Israel and Iran
The Egyptian insurance sector possesses the capabilities and readiness to deal with the potential repercussions of any developments that may arise due to the current regional tensions. Source: المال
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