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June 12, 2025
Syrian Insurance Supervisory participates in IMF discussions
As part of ongoing efforts to enhance transparency and improve financial services, the General Manager of the Syrian Insurance Supervisory, Mr Kifah Al Mousa Al Farmali, participated in discussions held with a delegation from the International Monetary Fund (IMF) during its visit to the Ministry of Finance. Source: Al Morakeb Group
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Bilal Jarjour
June 12, 2025
Oman: Insurance sector shows improved performance in 1Q2025
The insurance sector in the Sultanate of Oman showed a noticeable improvement in its performance during the first quarter of year 2025. Listed companies on the Muscat Stock Exchange recorded total net profits after tax of approximately OMR 5.5 million. Source: أرقام
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Bilal Jarjour
June 12, 2025
Saudi Arabian insurance market consolidation to accelerate
Saudi Arabia’s insurance market consolidation will accelerate over the next two years, driven by new regulatory capital requirements and weak underwriting profitability on intense price competition, Fitch Ratings says. Source: Fitch Ratings
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Bilal Jarjour
June 10, 2025
Increasing severe weather spurs demand for parametric insurance:
Swiss Re Corporate Solutions’ Megan Linkin In a Reinsurance News interview, Megan Linkin, Expert Structurer at Swiss Re Corporate Solutions, the global reinsurer’s commercial insurance arm, discussed the growing demand for parametric insurance amid an uptick in severe weather events and subsequent losses. Source: Reinsurance News
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Bilal Jarjour
June 10, 2025
Egypt: FRA decides to amend the regulations for digital identity
In Egypt, the Financial Regulatory Authority issued a decision no 68 of year 2025 regarding amending the regulations of digital identity, contracts, and registry, as well as outsourcing registry, and areas of use of financial technology for non-banking financial activities. Source: أموال الغد
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Bilal Jarjour
June 10, 2025
Global: Reinsurance industry ‘better protected than ever’ for hurricane season
The global reinsurance industry is better protected than ever against large hurricane losses, according to JP Morgan Actuary report. Source: Reinsurance News
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Bilal Jarjour
June 10, 2025
UAE: Travel insurance premiums jump as summer travel season starts
Travel insurance premiums in the UAE have risen by 12% to 18% year-on-year on average as summer — the peak season for international travel — approaches. Source: Middle East Insurance review
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Bilal Jarjour
June 5, 2025
Lloyd’s CEO looks to leverage historic brand in era of global uncertainty
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underwriting discipline throughout the economic cycle. Source: Reinsurance News
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Bilal Jarjour
June 5, 2025
Egypt: expected flexibility in the renewal of reinsurance agreements during next July
The availability of dollar liquidity in banks currently has attracted new European reinsurance companies to the local market, which will reflect on the terms of renewing reinsurance agreements in the upcoming July. Source: المال
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Bilal Jarjour
June 5, 2025
Europe: European reinsurance companies are in a good position according to Fitch
According to Fitch rating agency, major European reinsurance companies, namely Munich Re, Swiss Re, Hannover Re, and SCOR, are on track to achieve their financial goals for 2025. Source: تأمين ومصارف
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