January 16, 2025
Oman: Signing a Memorandum of Understanding in the field of insurance and social protection
In Muscat, a Memorandum of Understanding in the field of insurance and social protection was signed between the Social Insurance Organization in the Kingdom of Bahrain and the Social Protection Fund in the Sultanate of Oman. Source: Bahrain News Agency
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Bilal Jarjour
January 16, 2025
Egypt: Partnership between the Financial Regulatory Authority and the Ministry of Justice to exchange practical experiences in the “unified insurance” law
The Financial Regulatory Authority, in partnership with the Ministry of Justice, organized a two-days interactive workshop for judges and advisors of economic courts, focusing mainly on the insurance sector in light of the issuance of the Unified Insurance Law No 155 of year 2024. Source: بوابة الأهرام
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Bilal Jarjour
January 16, 2025
Egypt: The Financial Supervisory Authority intends to approve amendments that allow private insurance funds to expand and become more inclusive
The Chairman of the Financial Regulatory Authority revealed the approval of amendments and regulations that will allow private insurance funds to expand and inclusiveness for larger categories of various business sectors. Source:اموال الغد
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Bilal Jarjour
January 16, 2025
Tracking the damage and devastation from the Los Angeles wildfires in maps
Entire neighborhoods burned to the ground. Dozens of casualties after people either couldn’t leave, or chose not to flee their homes. The Los Angeles wildfires of 2025 have left incredible devastation in their wakes. Source: CNN
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Bilal Jarjour
January 15, 2025
Tunisia: Lawmakers plan for introduction of insurance against loss of employment
Tunisia is actively working on a law to introduce a system of insurance against the loss of employment due to economic reasons. Source: Middle East Insurance Review
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Bilal Jarjour
January 15, 2025
UAE: 4 discounts based on car insurance policy prices
Motor insurance regulations in the UAE are based on the existence of 4 main ways to get discounts ranging from 10 to 30% on the minimum price of the motor insurance policy. Source: Al Morakeb
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Bilal Jarjour
January 15, 2025
Moody’s: The Lebanese economy contracted 10% in 2024 and will grow 0.8% in 2026
The Lebanese economy is expected to retract by 2% in 2025 and grow by 0.8% in 2026. On the other hand, the report commented that inflation levels have declined from 221.3% in 2023 to 67.4% in 2024, and these levels are expected to decline to 41.3% in 2025 and 35.1% in 2026. Source: Lebanon Economy
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Bilal Jarjour
January 15, 2025
Los Angeles fire insurance losses estimated up to $25 billion
Fires continue to spread, destroying more than 12,000 buildings and burning more than 40,000 acres. According to estimates by Autonomous that raised its estimate of insurance losses from the ongoing Los Angeles fires to $25 billion, up 92 percent from previous estimates, warning that the state’s FAIR Plan could risk bankruptcy if it can’t cover…
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Bilal Jarjour
January 14, 2025
Iran: Health insurance purchases surge
Iran has seen a significant surge in purchase of health insurance covers from private health insurers (…) The cost of healthcare services has also risen during the year 2024. Source: Middle East Insurance Review
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Bilal Jarjour
January 14, 2025
Tunisia: Market volume up 11% by end of 3Q2024
The insurance market in Tunisia managed to score double digit growth in the first three quarters of 2024, according to the General Insurance Authority. Source: Middle East Insurance Review
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