June 10, 2024

In Morocco, ACAPS publishes its strategic plan 2024-2026

The Supervisory Authority of Insurance and Social Welfare (ACAPS) announced its third strategic plan for 2024-2026. Source: ACAPS

Read more

POSTED BY

Bilal Jarjour

June 10, 2024

Analysis: Listed UAE insurance firms can expect major Q2 losses post floods

Listed insurance companies in the UAE are expected to see losses this quarter following unprecedented rainfall, which led to floods in the emirates last month and left them heavily impacted.  Source: Zawya

Read more

POSTED BY

Bilal Jarjour

June 10, 2024

Aon: Q1 2024 Global insurance market insights report

Positive performance in 2023 fueled insurer growth ambitions but underwriting remained disciplined. Source: Aon

Read more

POSTED BY

Bilal Jarjour

June 10, 2024

Global: health & medical insurance market set to surge to $3.4 trillion by 2028

Health and medical insurance aren’t just important; they’re essential worldwide. Events like COVID-19, the Ukraine-Russia war, and the increase in diseases due to sedentary lifestyles are driving market growth. Source: bccResearch

Read more

POSTED BY

Bilal Jarjour

June 5, 2024

Middle East: Insurance market softens in 1Q

Insurance market conditions were generally on a softening trend in the first quarter of this year, with most risks experiencing price reductions, underwriting flexibility and sufficient (and increasing) capacity in a competitive market environment. Source: Middle East Insurance Review

Read more

POSTED BY

Bilal Jarjour

June 5, 2024

Egypt: with a growth rate of 21%… insurance companies achieve premiums exceeding 22 billion pounds within 3 months

Insurance companies operating in the Egyptian market achieved a total collected premiums of 22.046 billion pounds during the first quarter of year 2024, compared to 18.215 billion pounds during the same period of year 2023, with a growth rate of 21%, according to the monthly reports issued by the Financial Supervisory Authority. Source: أموال الغد

Read more

POSTED BY

Bilal Jarjour

June 5, 2024

Takaful market sees huge jump in contributions in 1Q2024

Takaful contributions in Egypt jumped by 56.4% during the first quarter of this year to reach EGP2.8bn ($747m), compared to EGP1.8bn during the corresponding period in 2023, according to a report released by the Financial Regulatory Authority (FRA) on non-banking financial activities. Source: Middle East Insurance Review

Read more

POSTED BY

Bilal Jarjour

June 5, 2024

Moody’s: The rise of private credit in life insurers’ investment strategies

The growing use of private credit by life insurers to optimize investment portfolios and align asset allocation with product liabilities is garnering heightened attention from regulators globally, including those highlighted in a recent report by financial research firm, Moody’s. Source: Reinsurance News

Read more

POSTED BY

Bilal Jarjour

June 3, 2024

Global: Allianz Insurance Report 2024: Transformative years ahead for the insurance sector

According to the Allianz Global Insurance report, the global insurance industry grew by an estimated 7.5% in 2023, clocking the fastest growth since 2006. Source: Allianz

Read more

POSTED BY

Bilal Jarjour

June 3, 2024

Qatar Chamber’s Insurance Committee reviews pricing of insurance services

The Insurance Committee of the Qatar Chamber discussed several key topics, including the pricing of mandatory insurance for residents, the participation of insurance companies in the pricing of insurance services, the commission rate of insurance brokerage firms and the scope of their work, digital transformation, insurance for electric cars, and other topics. Source: وكالة الأنباء…

Read more

POSTED BY

Bilal Jarjour