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May 28, 2025
Morocco: insurance market shows sustained growth in 1Q2025 driven by life and motor branches
The Moroccan insurance market posted a 5.5% increase in revenue to MAD18.2bn ($1.98m) in the first quarter of 2025, according to the Insurance and Social Security Supervisory Authority (ACAPS). Source: Middle East Insurance Review
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Bilal Jarjour
May 28, 2025
Iraq: status of insurance companies
In Iraq, and based on the provisions of article (18) of the “Insurance Regulation Law” no 10 of year 2005, and given that they have met the legal requirements, it has been decided to renew the licenses of listed companies to practice general insurance in all branches. Source: Al Morakeb Group
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Bilal Jarjour
May 28, 2025
European reinsurers still on track for 2025 targets
European reinsurers are still on track to achieve their ambitious 2025 targets, with 1Q25 earnings resilient despite significant losses from the LA wildfires, Fitch Ratings says in a new report. Source: FitchRatings
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Bilal Jarjour
May 27, 2025
Global Insurance Report 2025: The pursuit of growth by McKinsey & Company
Finding profitable growth is an imperative for the world’s personal and commercial property and casualty insurers, while life carriers must adjust to changing consumer needs. Source: McKinsey & Company
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Bilal Jarjour
May 27, 2025
Egypt: Fitch Solutions: Egyptian life insurance premiums expected to reach EGP 84.1 billion by 2029
The Cabinet’s Information and Decision Support Center reviewed a Fitch Solutions report on microinsurance activity in the Egyptian market and the market’s life insurance targets. Source: أموال الغد
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Bilal Jarjour
May 27, 2025
Egypt: Ins Federation: smart agriculture imposes a new type of risk requiring innovative solutions
The Insurance Federation of Egypt said in its bulletin dated 25/5/2025 that smart agriculture has become a fundamental pillar for achieving food security and addressing the challenges of climate change. Source: المال
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Bilal Jarjour
May 27, 2025
Saudi Arabia: Saudi insurance authority permanently revokes the licenses of 28 companies
The Saudi Insurance Authority has permanently revoked the licenses of 28 companies as part of corrective measures it began last April, according to a statement on its website. Source: Al Morakeb Group
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Bilal Jarjour
May 23, 2025
USA: The increasing debt of the United States has lowered its high credit rating. Is this decline merely symbolic?
Moody’s has downgraded the United States’ rating from: AAA to Aa1 due to rising concerns about increasing debt and interest rates. Source: تأمين ومصارف
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Bilal Jarjour
May 23, 2025
Egypt: Insurance companies aim to market electric car policies in tourist areas
Insurance companies have started marketing the ‘electric car’ policy in tourist areas due to the increasing demand in those places. Source: المال
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Bilal Jarjour
May 23, 2025
Morocco: Regulatory reform of death claims to take effect from 1 July
The Insurance and Social Security Supervisory Authority (ACAPS) has published a directive relating to the processing of death insurance claims, which is to take effect from 1 July 2025. Source: Middle East Insurance Review
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