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March 19, 2025
Bahrain: Upper house of legislature proposes compulsory medical liability insurance
The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry. Source: Middle East Insurance Review
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Bilal Jarjour
March 19, 2025
Saudi Arabia: New rule mandates all public healthcare institutions to contract with health insurers
The Saudi Council of Health Insurance has issued a decision requiring all government healthcare facilities to contract with health insurance companies, with effect from 1 July 2025. Source: Middle East Insurance Review
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Bilal Jarjour
March 19, 2025
Qatar: Strong profits for Qatar insurers according to S&P
Qatar insurance companies achieve strong profits as profitability metrics, especially the performance of written premiums and return on equity, outperform other insurance companies in the GCC. Source: Al Morakab
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Bilal Jarjour
March 19, 2025
Asia-Pacific reinsurance market size $69 billion in 2029, according to a Global Dat analysis
According to Global Data and Analytics, the Asia-Pacific reinsurance market (APAC) is expected to grow at a CAGR of 4.8%, from $54.0 billion in 2024 to $68.4 billion in 2029. Source: تأمين ومصارف
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Bilal Jarjour
March 14, 2025
Algeria: Motor insurance sector to increase digitalized services
The Algerian Unified Automobile Bureau (BUAA) has lined up several digitalized insurance services for auto insurers which will also benefit motorists. Source: Middle East Insurance Review
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Bilal Jarjour
March 14, 2025
Turkey: Transformation of insurance pool to cover all disasters awaits legislation
Preparations to transform the Turkish Compulsory Insurance Pool (TCIP) from covering compulsory earthquake insurance to providing mandatory disaster insurance have been completed, except for legislation to be enacted by Parliament. Source: Middle East Insurance Review
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Bilal Jarjour
March 14, 2025
Egypt: Private insurance fund investments down 33.1% in December 2024
The Financial Regulatory Authority (FRA) revealed the monthly performance report for the period ending 2024 for non-banking financial activities, where new investments of private insurance funds in December 2024 recorded a significant decline to reach EGP 2.23 billion, compared to EGP 3.33 billion during December 2023, representing a decrease of 33.1%. Source: المال
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Bilal Jarjour
March 14, 2025
MENA: Benchmarking insurers reveals positive trends despite regional challenges
AM Best’s ratings of (re)insurers in the Middle East and North Africa (MENA) have generally trended positively. This is despite challenging regional geopolitical conditions, says the global credit rating agency. Source: aitoswire
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Bilal Jarjour
March 12, 2025
UAE: 20% expected growth for the UAE insurance sector in 2025
S&P Global Ratings expects the UAE’s insurance sector to maintain a positive growth outlook in 2025, with the potential for growth of 10-20%, after recording a growth of around 20% in 2024. Source: AL Morakeb
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Bilal Jarjour
March 12, 2025
Turkey: Regulator revises compulsory earthquake insurance premium structure
Premiums charged in the Compulsory Earthquake Insurance scheme are to be increased monthly, following new regulations issued by the Insurance and Private Pension Regulation and Supervision Agency. Source: Middle East Insurance Review
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