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March 5, 2025
S&P: Insurance market to be spurred by economic growth and compulsory schemes
Insurance demand in most GCC countries is expected to increase this year, according to S&P Source: Middle East Insurance Review
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Bilal Jarjour
March 5, 2025
Egypt: Financial Supervision Authority allows the establishment of multiple private insurance funds within the same entity, provided that the benefits and categories differ
The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Dr. Mohamed Farid, issued Resolution No. 1 of 2025, which allows the possibility of establishing more than one private insurance fund within the same entity, provided that the benefits provided by each fund differ from the other, in addition to the different categories…
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Bilal Jarjour
March 5, 2025
New introduction of terrorism risk reinsurance
Pool Re, a UK government-backed reinsurance company specializing in terrorism risk coverage, has completed the rollout of a new reinsurance scheme with more than 60 international reinsurance companies, offering total excess loss coverage of £2.75bn, compared to £2.4bn previously. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
March 5, 2025
Turkey: Insurance agencies identify largest obstacles to digitalization
The lack of digital competence is seen as the biggest hurdle to digitalization by insurance agencies, according to the results of a recent survey. Source: Middle East Insurance Review
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Bilal Jarjour
March 4, 2025
Egypt: Life insurance companies start implementing behavioral economics applications
Some life insurance companies have started applying the concept of behavioral economics in their relationships with their individual and institutional clients. Source: جريدة المال
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Bilal Jarjour
March 4, 2025
Egypt: Insurance Federation recommends developing products and enhancing customer behavioral education
The Insurance Federation of Egypt issued 8 recommendations to member companies to enhance the spread of their insurance policies. Source: أموال الغد
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Bilal Jarjour
March 4, 2025
Qatar: 1.31 billion riyals as profits for the insurance sector on the Qatar Stock Exchange during 2024
The companies listed in the insurance sector listed on the Qatar Stock Exchange during year 2024 recorded profits of 1.31 billion riyals, compared to 360.13 million riyals in losses during year 2023. Source: معلومات مباشر
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Bilal Jarjour
March 4, 2025
Lebanon: Increase in policies by 30%
Two months after the Syndicate of Hospitals in Lebanon sent a letter to the Lebanese Association of Insurance Companies demanding that it covers a 15% increase in the service fees at hospitals, the official response came from the Association, which demanded that the syndicate “adjust” the prices of medical supplies in cooperation with physicians. Source:…
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Bilal Jarjour
March 1, 2025
Global: Growth in the shadow of (geo)politics / Global economic and insurance market outlook 2025‒26
According to Sigma, the world economy is positioned for solid growth in the next two years but downside risks are elevated. Source: Sigma
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Bilal Jarjour
March 1, 2025
Egypt: FRA new rules to control technical provisions in property and liability
The Financial Regulatory Authority in Egypt announced the issuance of the Board of Directors Resolution no 4 of year 2025, which sets new rules for calculating and forming technical provisions for property and liability insurance companies. Source: المال
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