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April 28, 2025
Gallagher Rey estimates insured losses of $56 billion in first quarter.
Reinsurance brokerage Gallagher Re estimated that total initial insured losses in the first quarter of 2025 were at least $56 billion, making it the most expensive first quarter ever for the private insurance market and government insurance sponsors since 2011, and 176% higher than the $20 billion first-quarter average over the past decade. (2015–2024). Source:…
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Bilal Jarjour
April 25, 2025
Resumption of health insurance services in Syria
The Syrian Insurance Supervisory Commission (SISC) announced the resumption of health insurance services for employees in various sectors in Syria. Source: عنب بلدي
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Bilal Jarjour
April 25, 2025
The unified Arab insurance system keeps up with digitization: approximately 5 million orange cards in the Arab world by 2030
Mr Chakib Abu Zeid, Secretary General of the General Arab Insurance Federation, said that the distribution of “orange insurance cards” in the Arab countries would increase to 5 million cards by 2030, given the significant volume of intra-Arab trade. Source: Tuniscope
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Bilal Jarjour
April 25, 2025
Bahrain: Parliament approves amendments to draft law on unemployment insurance
Chaired by Speaker Ahmed bin Salman Al-Musallam, the Council of Representatives held its 27th ordinary session of the third annual session (sixth legislative term) on 22 April 2025. Source: Al Morakeb Group
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Bilal Jarjour
April 25, 2025
Türkiye: More needs to be done to convert insurance quotes into policies
Around 20m comprehensive automobile insurance quotations are given annually, of which 8.5m were subsequently converted into purchases, according to the Insurance Association of Türkiye’s (TSB) vice president Mr Ahmet Yasar. Source: Middle East Insurance Review
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Bilal Jarjour
April 23, 2025
Egypt: IFE reviews the role of agricultural insurance policies in supporting sustainable development goals
In its weekly newsletter, issued on Saturday, the Insurance Federation of Egypt reviewed the role of agricultural insurance in supporting the sustainable development goals. Source: أموال الغد
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Bilal Jarjour
April 23, 2025
China/Arab Countries: dealing with Chinese reinsurance companies is a strategic option for Arab Countries
Al-Ghatrifi explained that Chinese reinsurance companies, such as China Re and PICC Re, now have a strong global presence and offer competitive pricing (…), giving Arab countries a real opportunity to diversify their sources of insurance coverage. Source: جريدة المال
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Bilal Jarjour
April 23, 2025
Oman: Financial regulator launches online national health insurance platform
The Financial Services Authority (FSA) has launched the National Health Insurance Platform (Dhamani), a digital channel to regulate the Omani health insurance market and facilitate operations in the market. Source: Middle East Insurance Review
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Bilal Jarjour
April 23, 2025
Morocco: Federation outlines developments in the insurance sector
The Moroccan Insurance Federation (FMA) has revealed several initiatives it is working on to improve efficiency and modernize the industry. Source: Middle East Insurance Review
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Bilal Jarjour
April 18, 2025
UK: Best’s market segment report: AM BEST maintains stable outlook on non-life insurance segment
AM Best has maintained its stable outlook on the United Kingdom’s non-life insurance segment. Source: AM Best
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