Maarad Street, Beirut Central District, Lebanon
arabre@arabre.com
+961 1 989500
August 8, 2024
World insurance: strengthening global resilience with a new lease of life (Sigma 3/2024)
Prevailing economic conditions have given insurance business a new lease of life. Economic resilience, reflected in slowing but still robust economic growth, and high interest rates are driving much-improved industry profitability.. Source: Sigma
Read morePOSTED BY
Bilal Jarjour
August 8, 2024
Natural catastrophes in 2023 by Sigma
In 2023, natural catastrophes resulted in economic losses of USD 280 billion, of which 38% were covered by insurance, as per Sigma. Source: Sigma
Read morePOSTED BY
Bilal Jarjour
August 8, 2024
UAE: Comprehensive motor insurance rates on the rise
Emirati insurers increased their comprehensive motor insurance rates by 20-25% in the first half of 2024. Source: Atlas Magazine
Read morePOSTED BY
Bilal Jarjour
August 8, 2024
Turkiye: Final loss estimate for Kahramanmaras quake stands at US$6.2bn at Feb 2023 exchange rates
The insured property market loss for the 6 February 2023 Kahramanmaras Earthquake Sequence is TRY116.9bn ($6.2bn at February 2023 exchange rates), says PERILS. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
August 6, 2024
Sigma Resilience Index 2024
Insurance resilience either increased or was stable across the four perils we track of crop, natural catastrophe, health, and mortality. This reflected a general focus on the shock-absorbing role of insurance for households, farms, and businesses. Source: Swiss Re
Read morePOSTED BY
Bilal Jarjour
August 6, 2024
Pakistan; Regulator issues simplified illustration format for life insurance & family takaful products
The Securities and Exchange Commission of Pakistan (SECP) has issued a revised illustration format to improve the readability, standardize insurers’ illustrative values, and safeguard prospective policyholders from any deception. Source: Asia Insurance Review
Read morePOSTED BY
Bilal Jarjour
August 6, 2024
Algeria: Study highlights contribution of internal audits to risk control
Most managers of insurance companies in Algeria said in a survey that internal audits contribute to reducing the risks that insurance companies face. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
August 6, 2024
UAE: Reinsurers reportedly lose US$136m in last flood event
Reinsurers lost about AED500m ($136m) on motor insurance alone during the last flood event in the UAE, and they now need to recuperate their losses, according to a senior industry executive. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
August 3, 2024
Egypt: new law on actuarial activities
The Unified Insurance Law, promulgated in July 2024, now authorizes the Financial Regulatory Authority (FRA) to grant licenses to actuarial companies. Source: Atlas Magazine
Read morePOSTED BY
Bilal Jarjour
August 3, 2024
Egypt: Financial Regulatory Authority recommends insurance companies to maintain the confidentiality of their customers’ data
Dr Islam Azzam, Vice Chairman of the BOD of the Financial Regulatory Authority, issued a circular no 1 of year 2024, regarding maintaining the confidentiality of the insurance sector customers’ data. Source: أموال الغد
Read morePOSTED BY