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September 4, 2025
Gulf Islamic insurance companies are facing a decline in profits despite strong revenue growth
S&P Global Ratings expects that Islamic and Takaful insurance companies in the Gulf Cooperation Council (GCC) countries will experience a sharp decline in profits during 2025, even as they continue to benefit from strong revenue growth. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
September 2, 2025
Softening reinsurance market could drive M&A opportunities: Fitch
According to Fitch Ratings, a softening reinsurance marketplace might well drive the return of merger and acquisition (M&A) activity as organic opportunities diminish. Source: Reinsurance News
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Bilal Jarjour
September 2, 2025
Best’s Market Segment Report: European ‘big four’ reinsurers maintain their risk appetites
Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – reported strong results in 2024, benefitting from good rate adequacy and continued underwriting discipline on policy terms and attachment points. Source: AM Best
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Bilal Jarjour
September 2, 2025
Tunisia: Insurance market grows by 11% in 1H2025 on buoyant life business
The insurance market in Tunisia registered double-digit growth in the first half of the year, supported by a notable increase in life insurance business, which was the fastest-growing branch of business. Source: Middle East Insurance Review
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Bilal Jarjour
September 2, 2025
Kuwait: The Insurance Regulatory Unit urges insurance companies to adhere to the prohibition of cash transactions for compulsory policies
The Insurance Regulatory Unit urges all insurance companies operating in the market to adhere to the necessity of not accepting or conducting any cash transactions related to the issuance of compulsory insurance policies. Source: Al Morakeb Group
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Bilal Jarjour
September 1, 2025
Saudi Arabia: The individual spending rate on insurance rises to 2367 riyals (+16%) in 2024
The annual report on the insurance market in the Kingdom, issued by the Insurance Authority, showed an increase in the individual spending rate on insurance in Saudi Arabia by 16% to 2367 riyals in 2024 compared to 2035 riyals in 2023. Source: تأمين ومصارف
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Bilal Jarjour
September 1, 2025
Morocco: Insurance policies to cost more on higher disaster solidarity tax rate
Insurance premiums are expected to increase soon, as the government is planning to increase the tax rate to strengthen the Solidarity Fund against Catastrophic Events. Source: Middle East Insurance Review
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Bilal Jarjour
September 1, 2025
Turkiye: Growth of takaful sector mirrors expansion of overall insurance market
The participation insurance (takaful) market in Turkiye attracted contributions exceeding TRY32.5bn ($790m) in the first half of the year. Source: Middle East Insurance Review
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Bilal Jarjour
September 1, 2025
Egypt: The Union of Egyptian Insurance Companies says that technology and global changes are reshaping the industry’s features.
The Union of Egyptian Insurance Companies confirmed that the key trends currently witnessed globally, such as demographic changes and increasing awareness of climate-related risks. Source: المال
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Bilal Jarjour
August 29, 2025
Egypt: FRA: Ins growth during 5 months
The Financial Regulatory Authority revealed a growth in the insurance activity (premiums, claims, and investments of private insurance funds) in Egypt during the first five months of year 2025, reaching approximately EGP 83.4 billion. Source: صدى البلد
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