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July 7, 2025
Middle East: Rising global trend in use of R&W & W&I insurance expected to be most pronounced in the region
The adoption of deal insurance continues to accelerate as acquirers (and vendors) race to offset risk in an increasingly uncertain dealmaking environment, according to a survey commissioned by the global law firm Norton Rose Fulbright. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Egypt: Insurance premiums to exceed EGP90 billion by end of 2024
Mr Alaa El Zoheiry, Chairman of the Insurance Federation of Egypt, stated that the insurance sector in Egypt is witnessing unprecedented growth, with the volume of insurance premiums rising from EGP22 billion in 2017 to over EGP90 billion by the end of 2024. Source: اليوم السابع
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Bilal Jarjour
July 4, 2025
Gulf of Suez: Oil rig sinks… learn about insurance branches required to cover the incident
In Egypt, the Ministry of Petroleum and Mineral Resources stated that OSOCO company reported a sinking incident of the marine barge Adam Marine 12 in the Gulf of Suez. Learn about the insurance coverage that the owning company should have previously prepared. Source: أموال الغد
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Bilal Jarjour
July 4, 2025
UK: Major insurance deal rocks UK market
The British Competition and Markets Authority (CMA) has officially announced its approval of Aviva’s acquisition of Direct Line Group for approximately £3.7 billion (equivalent to $5 billion). Source: Al Morakeb Group
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Bilal Jarjour
July 4, 2025
Many in the UAE are eyeing international travel in 2025:
Allianz Partners Travel Index The Allianz Partners Travel Index 2025, which surveyed 500 people in the UAE regarding their travel plans, preferences and concerns for the year ahead, reveals that most of the respondents in the United Arab Emirates intend to travel internationally in the next twelve months. Source: PR Newswire
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Bilal Jarjour
July 4, 2025
Morocco: Regulator to undertake study on the use of AI in insurance sector
The Insurance and Social Security Supervisory Authority (ACAPS) has launched a tender exercise inviting bids for conducting a study on the methods of monitoring and using artificial intelligence (AI) and new technologies in the insurance sector. Source: Middle East Insurance Review
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Bilal Jarjour
July 2, 2025
Oman: Leading in “commitment to international standards for insurance supervision”
The International Association of Insurance Supervisors (IAIS) published a detailed assessment of Oman’s level of commitment to the Insurance Core Principles (ICPs), following a comprehensive evaluation of the Financial Services Authority in year 2024. Source: الرُّؤية
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Bilal Jarjour
July 2, 2025
Algeria: Insurance market: growth of 13.3% in Q1’25
According to the CNA’s note de conjuncture, the insurance market grew by 13.3% in the 1st quarter of 2025. Source: Algeria Invest
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Bilal Jarjour
July 2, 2025
Morocco: Insurance sector on a roll propelled by modernisation initiatives
The Moroccan insurance sector is entering the second half of 2025 with very favourable momentum, despite the significant disruptions affecting the global economy, according to the Moroccan Insurance Federation (FMA). Source: Middle East Insurance Review
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Bilal Jarjour
July 2, 2025
Aon: Retained earnings lift global reinsurer capital to record $720bn in Q1’25
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion. Source: Reinsurance News
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