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April 12, 2025
S&P: Reinsurers to weather tariff-induced market volatility with minimal impact:
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies. Source: Reinsurance News
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Bilal Jarjour
April 10, 2025
Algeria: Insurance sector grows 4.4% and achieves $ 1.35 billion in 2024
Algeria’s insurance sector reached 181.3 billion dinars ($1.35 billion) in 2024, a growth of 4.4% year-on-year, according to a quarterly note issued by the National Insurance Council. Source:آرم
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Bilal Jarjour
April 10, 2025
UAE: Insur Techs address the protection gap
Insur Techs are reshaping the UAE insurance market by addressing critical gaps and driving innovation. Source: Middle East Insurance Review
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Bilal Jarjour
April 10, 2025
Turkey: Premiums in insurance market expected to rise by 35-40% in 2025
The insurance industry is projected to increase total premiums by 35-40% in 2025, as inflation slows, according to data from the Insurance Association of Türkiye. Source: Middle East Insurance Review
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Bilal Jarjour
April 10, 2025
Moody’: European insurers show resilience despite market declines from US tariffs
Moody’s Ratings, a credit rating agency that provides independent analysis and ratings on a wide range of financial instruments, has released a new report examining the effects of recent market fluctuations on the solvency of European insurers. Source: Reinsurance News
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Bilal Jarjour
April 9, 2025
Turkey: Insurance association issues ESG guide
The Insurance Association of Turkey has published a ‘Sustainability Guide’ specifically for the insurance sector to support environmental, social and governance transformation. Source: Middle East insurance Review
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Bilal Jarjour
April 9, 2025
Saudi Arabia: Report Average per capita spending on insurance in Saudi Arabia rises to 2082 riyals
A report issued by Arabian Shield Company revealed that the insurance penetration rate in Saudi Arabia, reflecting the sector’s contribution to the country’s non-oil GDP, reached 2.50% in 2024.This represents an increase from 2.38% in the previous year, representing an annual growth of 5%. Source: Al Morakeb
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Bilal Jarjour
April 9, 2025
Lloyds continued to deliver in 2024 despite major claims activity
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favorable returns to investors, with profits just shy of the previous year’s record, driven by favorable trading conditions and a return to more normal investment valuations. Source Reinsurance News
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Bilal Jarjour
April 9, 2025
Egypt: Amending the rules and ratios of investment of insurance companies and funds maximizes returns for policyholders
The Financial Regulatory Authority (FRA) recently amended the rules, controls and ratios of investment of private insurance funds and insurance companies. Source: اموال الغد
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Bilal Jarjour
April 8, 2025
European reinsurers improve compound property loss ratio.
The four major European reinsurers Hannover Re, Munich Re, Scorer and Swiss Re posted a record compound property loss and casualty ratio of 86.3% in 2024, according to Fitch Ratings. The compound loss ratio is a key indicator of an insurance company’s profitability, with a lower percentage indicating higher profitability. Source: Al Morakeb
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