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March 1, 2025
LA wildfires ~ 35% of Swiss Re’s FY’25 nat cat budget
Reinsurance giant Swiss Re said that it currently estimates losses from the Los Angeles, California wildfires of less than $700 million. Source: Reinsurance News
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Bilal Jarjour
March 1, 2025
Morocco’s insurance federation chief calls for single insurance market in Africa
The president of the Moroccan Insurance Federation (FMA), Mr Mohammed Hassan Bensalah, has advocated the establishment of a single insurance market in Africa. Source: Middle East Insurance Review
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Bilal Jarjour
February 27, 2025
Egypt: Regulator releases rules on technical provisions to be made by insurers
The Financial Regulatory Authority (FRA) has announced that its board has made decisions on new rules for calculating and forming technical provisions by property and liability insurance companies and life insurance companies. Source: Middle East Insurance Review
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Bilal Jarjour
February 27, 2025
Qatar: 1.31 billion QAR profits of the insurance sector in the Qatar Stock Exchange in 2024
Companies listed in the insurance sector listed on the Qatar Stock Exchange recorded profits of QAR 1.31 billion in 2024, compared to QAR 360.13 million losses during 2023. Source: Al Morakeb
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Bilal Jarjour
February 27, 2025
AM Best: Casualty reinsurance faces financial strain amid rising litigation costs and social inflation
Rising litigation expenses and increased jury awards are placing significant financial strain on the casualty reinsurance sector, leading some carriers to bolster their reserves and squeeze profit margins, according to a recent AM Best report. Source: Reinsurance News
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Bilal Jarjour
February 27, 2025
Global Data: The electric vehicle insurance market has grown and is still trending upwards
According to insurance analysts at Global Data, the motor insurance market in the Asia-Pacific region is undergoing a transformation caused by the emergence of electric vehicles and regulatory changes, and economic growth and demographic shifts in the region also play a crucial role in shaping market dynamics. Source: تامين ومصارف
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Bilal Jarjour
February 26, 2025
Türkiye: Insurance industry’s 2024 profits driven by investment income
The profitability of the insurance industry in 2024 was boosted by an increase in investment income, according to Mr Koray Erdogan, CEO of Ray Sigorta. Source: Middle East Insurance Review
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Bilal Jarjour
February 26, 2025
Lloyd’s launches two new Enhanced Yield Liquidity Funds
Lloyd’s global insurance and reinsurance market has expanded its investment platform with the launch of two new improved return liquidity funds. The two new funds, approved in euros and sterling, will join the existing fund in US dollars. Source: Reinsurance News
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Bilal Jarjour
February 26, 2025
Expected rise in the cost of compensation globally due to Trump’s decisions
The insurance sector expects the cost of compensation to rise globally after US President Donald Trump’s decision to impose tariffs on a number of countries. Source: Al Morakeb
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Bilal Jarjour
February 26, 2025
Egypt: The Financial Supervisory Authority approves new rules for calculating technical provisions in personal insurance and fund formation
The Board of Directors of the Financial Regulatory Authority (FRA) issued Resolution (16) of 2025, which includes new controls for the calculation and formation of technical provisions for the Persons Insurance and Fund Formation Branch. Source: المال
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