January 23, 2024
The Saudi insurance sector grows by 22%, with focus on health as a key driver
Saudi insurance companies witnessed a 22% increase in the total premiums underwritten, reaching a total of 48.96 billion Saudi Riyals (13.05 billion dollars) for the nine months ending in September 2023, exceeding the same period of the previous year. Source: banker
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Bilal Jarjour
January 23, 2024
Egypt: FRA: ins cos pay 3.3 bn EGP as claims during last October
In Egypt, the Financial Regulatory Authority announced an increase in the value of insurance claims paid by insurance companies to their clients during the month of October 2023 by 56% on annual basis.Top of Form Source: Elbalad.news
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Bilal Jarjour
January 23, 2024
Egypt: Tender exercise launched for insurance cover for 2024 Olympic participants
Four insurance companies are vying to provide accident insurance coverage to sports personnel who will be participating in the 2024 Paris Olympics. Source: Middle East Insurance Review
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Bilal Jarjour
January 23, 2024
Insurers shun many ships carrying goods through the Red Sea as attacks continue
CNN – A growing number of insurers are refusing to cover American and British vessels against war risks in the key commercial shipping corridor through the Red Sea as attacks from Houthi rebels continue. Source: CNN
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Bilal Jarjour
January 18, 2024
Syria: Electronic payments in compulsory car ins centers soon.
The General Manager of the Insurance Supervisory Commission, Dr Rafed Mohammad, revealed that soon, electronic payments will be implemented in mandatory car insurance centers, thus covering all types of insurance. Source: Tishreen
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Bilal Jarjour
January 18, 2024
UAE: Reinsurers have not increased rates for local companies
According to sources in the insurance sector, the majority of renewals between local insurers and global reinsurers have been smoothly achieved, supported by positive financial results, profits, and no significant losses. Source: Al Morakeb Group
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Bilal Jarjour
January 18, 2024
Egypt: absence of a national reinsurance company… Parliamentary inquiry regarding spent foreign currency
Dr Ghada Ali, member of the Economic Committee in the Parliament, submitted a request for parliamentary inquiry regarding the opportunities wasted from foreign currency due to the absence of a national reinsurance entity. Source: Amwal Al Ghad
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Bilal Jarjour
January 12, 2024
Egypt: FRA emphasizes the need for insurance companies to accelerate digitization and electronic distribution
Mr Mohamed Farid, Chairman of the Financial Regulatory Authority, affirmed that companies must start preparing the necessary arrangements to maximize the capabilities of the insurance sector and keep pace with changes. Source: Almal
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Bilal Jarjour
January 12, 2024
The Reinsurance market in 2024: the dominant trends
Reinsurers are entering the renewals in better shape than in recent years, which were plagued by the Covid pandemic. Source: Atlas Magazine
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Bilal Jarjour
January 12, 2024
Global reinsurance market: special renewal 2024
In a context of high volatility, the reinsurance market has shown a mixed picture. Source: Atlas Magazine
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