Maarad Street, Beirut Central District, Lebanon
arabre@arabre.com
+961 1 989500
May 29, 2024
Some insurers in the spotlight over capital position
The new minimum capital requirement of SAR300m ($80m) for insurance companies in Saudi Arabia by the end of 2024 puts at least five insurers on the radar, according to Insurance Monitor, a research and consulting firm. Source Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
May 29, 2024
Algeria: Improvements suggested in proposed revision of insurance law
Algeria’s proposed revision of the insurance law should provide for the creation of an independent regulatory authority to oversee the insurance sector. Source Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
May 29, 2024
UAE: Insurance prices expected to rise 30% after roar losses
Insurance companies expected insurance prices to rise during the coming period, to range between 10 and 30%, as a result of losses incurred by companies, after the low (roar) that the state was exposed to weeks ago. She explained that the unexpected losses suffered by companies as a result of repairing large numbers of damaged…
Read morePOSTED BY
Bilal Jarjour
May 29, 2024
Saudi Arabia: Saudi Arabia opens electronic insurance markets: towards a digital future for the sector
The Insurance Authority has proposed a draft amendment to the Electronic Insurance Operations Regulation, to allow the sale of various products through websites. The amendment includes Article XIII, which stipulates that “the company must apply for the approval of the Insurance Authority for the types of insurance products that will be sold through its website,…
Read morePOSTED BY
Bilal Jarjour
May 27, 2024
1Q2024 earnings of listed insurers jump by 22% on higher investment
Higher investment income averaging at a quarterly rate of return on investments (ROI) of 1.7% (1Q2023: 1.3%) has boosted the first-quarter earnings of 77 listed insurers in the GCC region, according to Insurance Monitor, a research and consulting firm. Source Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
May 27, 2024
Tunis: Towards the development of a digital platform for the insurance sector
In Tunis, the Tunisian Federation of Insurance Companies (FTUSA) is committed to developing an online platform aimed at modernizing the sector. Source: Atlas Magazine
Read morePOSTED BY
Bilal Jarjour
May 27, 2024
KSA: Listed insurance industry performance analysis – First quarter 2024
In KSA, the insurance industry performance analysis for the first quarter of year 2024 has been released by Badri. Source: Badri
Read morePOSTED BY
Bilal Jarjour
May 27, 2024
Political Risk Survey Report 2024 by WTW (UK)
In the UK, Willis Towers Watson released its 2024 Political Risk Survey which discusses how companies are managing rising geopolitical challenges. Source: WTW
Read morePOSTED BY
Bilal Jarjour
May 24, 2024
UAE rains: 12 years’ worth of car insurance claims made within few days in April
In the UAE, the record-breaking weather disruption last month has also resulted in a record-setting number of car insurance claims. Source: Khaleej Times
Read morePOSTED BY
Bilal Jarjour
May 24, 2024
Egypt: Maait: President Sisi directed in the new budget to expand the umbrella of “universal health insurance” in the governorates
Dr Mohamed Maait, Minister of Finance and Chairman of the Universal Health Insurance Authority (UHIA), confirmed that President Abdel Fattah El-Sisi, in the new budget, directed the expansion of the umbrella of “universal health insurance” in the governorates. Source: بوابة الأهرام
Read morePOSTED BY