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May 2, 2026
Egypt: New FRA regulations for actuarial expertise structuring
The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Dr Islam Azzam, has issued decree no (56) of year 2026. This decree outlines the terms, rules, and procedures for the registration and conduct of actuarial experts, as well as the establishment and licensing of companies seeking to practice actuarial activities. Source: رجال…
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Bilal Jarjour
May 2, 2026
Non-life leads reinsurance market with 57% share as brokers hit 72%
The non-life segment is forecast to grow 7.6% annually through 2035. The global reinsurance market is projected to double its size by 2035 to $1t, driven by stricter regulatory enforcement, a rise in catastrophic events, and the increasing complexity of risk portfolios. Source: insuranceASIA
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Bilal Jarjour
May 2, 2026
ME conflict: CBI claims related to helium scarcity depend on policy wording and trigger definitions
Helium scarcity presents a unique underwriting challenge. However, while it pressures costs and revenues across multiple sectors, it rarely manifests as a singular ‘event’ that triggers widespread losses across diverse insurance lines, according to Moody’s Risk Management Solutions (RMS) Chief Research Officer Dr Robert Muir-Wood. Source: Middle East Insurance Review
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Bilal Jarjour
April 29, 2026
UAE: Motor claims TPA established in Dubai
Axxion has launched its operations in Dubai as an independent company specialising in managing motor insurance claims for insurance companies in the United Arab Emirates. Source: Middle East Insurance Review
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Bilal Jarjour
April 29, 2026
Cargo cover during Iran war jumps 50% in conflict zones (by IFE)
Mr Alaa El-Zoheiry, Chairman of the Insurance Federation of Egypt, stated that insurance rates for goods passing through current conflict zones have surged by approximately 50% within the scope of the Iran war zone. Source: مصراوي
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Bilal Jarjour
April 29, 2026
Regional premiums surpass $57 billion (by GAIF)
Mr Chakib Abouzaid, Secretary General of the General Arab Insurance Federation (GAIF), stated that insurance premiums in the Arab region reached $57.094 billion last year. The markets of Saudi Arabia, the United Arab Emirates, and Morocco topped the list in terms of market share within the regional markets. Source: الهيئة الوطنية للإعلام
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Bilal Jarjour
April 29, 2026
Saudi listed insurance companies end 2025 with a 42% profit drop amid sharp operational pressures
The Saudi insurance sector witnessed a dramatic shift in its financial results in 2025. A state of “general correction” cast a shadow over the performance of the 26 listed companies, leading the sector to record a sharp decline in total consolidated net profits. Source: مال
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Bilal Jarjour
April 27, 2026
ME conflict: Insurance federation (Egypt) recommends ways to minimize repercussions of war
The Insurers’ Federation of Egypt (IFE) has issued a set of recommendations to help insurers navigate geopolitical tensions and the war between the Iran-Israel-US war. Source: Middle East Insurance Review
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Bilal Jarjour
April 27, 2026
Kuwait: Insurance Regulatory Unit issues 4 new resolutions
The Kuwaiti Insurance Regulatory Unit (IRU) has issued four regulatory resolutions regarding the renewal of licenses, cancellation of business activities, and prohibition of cash transactions for entities under its supervision. These measures were taken in accordance with Law no (125) of year 2019 regarding the regulation of insurance. Source: معلومات مباشر
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Bilal Jarjour
April 27, 2026
Best’s market segment report: UAE insurers navigate geopolitical tensions following strong financial year
While listed insurers in the United Arab Emirates (UAE) have delivered improved profitability, regional geopolitical tensions are affecting certain lines of business and investment portfolios, according to AM Best. Source: AMBest
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