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July 24, 2025
Iraq: Insurance premiums grow by 18% in the first quarter
The Iraqi Insurance Diwan (IID) reported that the insurance market experienced a notable growth rate during the first quarter of the year, which is a promising indicator for the market. Source: Al Morakeb
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Bilal Jarjour
July 24, 2025
UAE: Takaful companies in Dubai barred from late contribution interest claims
The General Authority of the Dubai Court of Cassation has ruled that takaful companies and Islamic banks may not demand late payment interest resulting from a customer’s failure to pay a takaful contribution or repay a loan, even if the interest charged is called by another name. Source: Middle East Insurance Review
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Bilal Jarjour
July 24, 2025
Turkiye: Frost disaster may trigger new agricultural insurance measures
The Turkish authorities are considering new rules that would require farmers in the same district to insure all plots of a specific crop, according to Mr Bekir Engurulu, General Manager and a Director of TARSIM, the state-backed Agricultural Insurance Pool. Source: Reinsurance News
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Bilal Jarjour
July 24, 2025
Egypt: Chairman of the Financial Regulatory Authority: The share of insurance premiums in GDP has remained stable at 0.9% for two decades
Dr Mohamed Farid, Chairman of FRA, stated that the share of insurance companies’ premiums in the gross domestic product has been stable for 20 years. Source: أموال الغد
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Bilal Jarjour
July 23, 2025
Saudi Arabia: The Insurance Authority invites public feedback on the draft Insurance Law
In Saudi Arabia, the Insurance Authority has made the draft Insurance Law available for public comment via a discussion platform till 22 July 2025. Source: أرقام
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Bilal Jarjour
July 23, 2025
Turkiye: Insurers monitor renewable energy investments for available business opportunities
Turkiye is showing rapid growth in renewable energy, and these investments are being closely followed by the insurance sector, according to Mr Murat Ciftci, CEO of Istanbul-headquartered IBS Insurance and Reinsurance Brokerage. Source: Middle East Insurance Review
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Bilal Jarjour
July 23, 2025
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Source: Reinsurance News
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Bilal Jarjour
July 23, 2025
Best’s review explores the AI race in the insurance industry
The May issue of Best’s Review examines AI developments in the insurance industry. Source: AMBest
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Bilal Jarjour
July 19, 2025
Egypt: Alaa El-Zohairy: We aim to make insurance an effective tool for protecting the economy
Mr Alaa El-Zohairy, Chairman of the Insurance Federation of Egypt, emphasized that the federation believes that developing human capital and raising market efficiency is the cornerstone of the insurance industry growth and sustainability. Source: Al Morakeb Group
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Bilal Jarjour
July 19, 2025
US: Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
Insurance rates across the US continued their upward trend in the second quarter of 2025. Source: Reinsurance News
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