August 19, 2024
Turkey: Holistic approach needed to raise quake insurance coverage
Educating the public about the importance of insurance must be approach in a more integrated way. Source Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
August 19, 2024
Egypt: With a growth rate of 22.1%. Insurance companies achieve EGP 43.6 bln in premiums in 6 months
Insurance companies operating in the Egyptian market achieved a premium portfolio of EGP 43.676 billion during the first 6 months of this year, compared to EGP 35.77 billion during the same period of 2023, with a growth rate of 22.1%. The monthly reports of the Financial Regulatory Authority showed that the premiums of commercial insurance…
Read morePOSTED BY
Bilal Jarjour
August 19, 2024
Global reinsurers show resilience through de-risking & diversification, says AM Best
On the back of de-risking and diversifying actions, global reinsurers are showing more resilience than in previous cycles, in part thanks to positive underwriting margins, higher reinvestment rates, and diversification, according to a recent AM Best report. Source Reinsurance news
Read morePOSTED BY
Bilal Jarjour
August 17, 2024
Micro reinsurance ensures the sustainability of First Market programs
Micro reinsurance is a risk management tool, used by microinsurance providers to distribute and mitigate the risks they assume, and as in traditional reinsurance, microinsurance involves the transfer of parts of the risk by the underlying insurance company (the primary insurer) to another insurance company (reinsurer) to protect it from large losses. Source El malnews
Read morePOSTED BY
Bilal Jarjour
August 17, 2024
Bahrain: Insurance companies record growth in written premiums by 8%
Insurance companies in the Kingdom of Bahrain witnessed a remarkable growth in gross written premiums in the first quarter of 2024, reaching 96.155 million dinars, representing an increase of 8% compared to the same period of the previous year, which recorded 89.002 million dinars. This growth was driven by a strong performance in the health…
Read morePOSTED BY
Bilal Jarjour
August 17, 2024
Changing trends driving demand for health reinsurance: AM Best
According to global credit ratings agency AM Best, the recent global rise in healthcare utilization, combined with the prospect of increasing medical inflation has the potential to “expand the role of health reinsurance.” Source Reinsurance News
Read morePOSTED BY
Bilal Jarjour
August 17, 2024
Insurance market remains growth-oriented, creating opportunities for buyers: Aon.
Many global insurers reported healthy profits in 2023, and with reinsurance market conditions improving for buyers, the insurance sector was once again growth-oriented in the second quarter of 2024, according to re/insurance broking group Aon. Source Reinsurance News
Read morePOSTED BY
Bilal Jarjour
August 15, 2024
Severe thunderstorms drive insured losses to USD 60 billion in first half of 2024, Swiss Re Institute estimates
A high frequency of small to medium events resulted in global insured losses from natural catastrophes of USD 60 billion in the first half of 2024, according to Swiss Re Institute’s preliminary estimates. Source: Swiss Re
Read morePOSTED BY
Bilal Jarjour
August 15, 2024
Saudi Arabia: The cultural insurance policy was launched in Saudi Arabia to preserve heritage and works of art and may extend to all countries of the region
In the presence of officials and CEOs in the cultural and insurance fields In cooperation with the Insurance Authority in Riyadh, an agreement was signed at a press conference entitled “Cultural Insurance Conference”, to cover a group of heritage buildings of the Ministry of Culture that apply to whomever he wants from the owners of…
Read morePOSTED BY
Bilal Jarjour
August 15, 2024
Egypt: Financial Regulator: Insurance companies collect EGP 6.8 bln in premiums in May
The latest reports issued by the Financial Regulatory Authority for the month of May 2024 showed an increase in the value of insurance premiums collected from insurance companies’ customers during the month of May 2023, with a growth of 20.2% Source: Al Morakeb Group
Read morePOSTED BY