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December 20, 2024
Arab Insurance Union Inflation affects the prices of “medical” policies by about 15%
The Secretary-General of the General Arab Insurance Union said that medical insurance is one of the pillars of financial inclusion because of the material and social stability it achieves for individuals. Abu Zeid stressed that the regulatory authorities must work to monitor the pricing of medical insurance to reduce abuses and unhealthy competition between companies…
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Bilal Jarjour
December 19, 2024
Arab Re BOD meeting in Turkey
The Board of Directors of Arab Reinsurance Company held a meeting in Istanbul, Turkey on 12-12-2024, chaired by Sheikh Khaldoun Barakat to discuss its agenda. Source: Arab Re
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Bilal Jarjour
December 19, 2024
Morocco: Dedicated legal framework to be released soon for microinsurance sector
A dedicated legal framework will soon be introduced in Morocco, according to the Insurance and Social Security Supervisory Authority (ACAPS). Source: Middle East Insurance review
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Bilal Jarjour
December 19, 2024
Egypt: The Financial Supervisory Authority addresses the companies under its supervision to submit the report on combating money laundering and terrorist financing
The Financial Regulatory Authority (FRA), represented by the Central Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Department, has addressed the entities subject to the Authority’s supervision and control to send the 2024 annual report on combating money laundering and terrorist financing no later than January 31, 2025. Source: اموال الغد
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Bilal Jarjour
December 19, 2024
Arab Insurance Union discusses “medical” pricing
The General Arab Insurance Federation held the fourteenth virtual seminar under the title “Pricing in Medical Insurance”, in the presence of more than 250 participants from various Arab countries. Source: المال
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Bilal Jarjour
December 18, 2024
Arab Re BOD meeting in Turkey
The Board of Directors of Arab Reinsurance Company held a meeting in Istanbul, Turkey on 12-12-2024, chaired by Sheikh Khaldoun Barakat to discuss its agenda. Source: Arab Re
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Bilal Jarjour
December 18, 2024
Turkiye: Total catastrophic coverage in 2025 estimated to reach at least US$14.7bn
The total catastrophic coverage in the Turkish market is predicted to amount to EUR14-15bn ($14.7-15.8bn) in 2025, compared to EUR12bn for 2024, including proportional agreements, event limits and coverage under Cat XL programs. Source: Middle East Insurance review
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Bilal Jarjour
December 18, 2024
Egypt: Egyptian Insurance Federation forms specialized committee to study corporate governance proposals
Alaa El Zohairy, chairman of the Egyptian Insurance Federation, said the federation has formed a specialized committee to study the Financial Supervisory Authority’s proposals on the governance rules of insurance companies. Source: اموال الغد
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Bilal Jarjour
December 18, 2024
Reinsurers’ pressure rises to increase the prices of natural disaster coverage
Global repatriation companies have pressured local markets to increase prices and conditions for natural risk coverage next year, after incurring $3 billion due to the recent Dubai floods. Source: المال
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Bilal Jarjour
December 17, 2024
Arab Re BOD meeting in Turkey
The Board of Directors of Arab Reinsurance Company held a meeting in Istanbul, Turkey on 12-12-2024, chaired by Sheikh Khaldoun Barakat to discuss its agenda. The BOD members expressed their satisfaction regarding the technical and financial results achieved so far, and applauded the efforts of the executive management in improving the Company’s results and business…
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