June 6, 2023
Algeria: Govt working to develop parametric insurance
Algeria has begun work on launching parametric insurance to cover crops against certain natural disasters (drought, forest fires, etc), Mr Benseidi Abdallah, CEO of the reinsurer, Compagnie Centrale de Réassurance (CCR), has said. Source: Middle East Insurance Review
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arabre
June 6, 2023
Turkiye: Disaster pool reviews proposal to double Nat CAT insurance coverage
The Turkish Catastrophe Insurance Pool (TCIP) has started studies on a plan to double the maximum disaster insurance coverage to TRY1.28m ($61,850) from TRY640,000 at present for a residential property. Source: Middle East Insurance Review
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arabre
June 6, 2023
Saudi Arabia: merger of Saudi Enaya & UCA
Saudi Enaya and the United Cooperative Assurance signed a binding merger agreement through the exchange of securities, according to the two companies’ disclosure to the Saudi stock market. Source: Al Morakeb Group
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arabre
June 6, 2023
GAIF: renewal of Mr Chakib Abouzaid mandate for 4 years
The Executive Committee and the Board of the General Arab Insurance Federation decided to renew the mandate of Mr Chakib Abouzaid as Secretary General for a period of 4 years. Source: Amwal Al Ghad
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arabre
May 31, 2023
A fine of up to 2 million riyals for practicing insurance business without license in Saudi Arabia
The Insurance General Committee (IGC) for The Insurance Companies, which is a subcommittee of Insurance Executive Committee, and under the supervision of the Saudi Central Bank “SAMA”, launched the “Stay Aware” campaign to raise public awareness about the purchase of vehicle insurance policies from unlicensed parties. Source: Mubasher
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arabre
May 31, 2023
Kuwait: 21.5 KWD “insurance” profits for the Q1, a growth of 24.5%
The profits of the insurance sector in the Kuwait Stock Exchange for the first quarter of year 2023 increased by 24.5% for the same period of year 2022. Source: Al Jarida
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arabre
May 31, 2023
Jordanian insurance market in 2022: premiums per class of business
You can access the related figures by clicking on the below link: www.atlas-mag.net
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arabre
May 31, 2023
Turkiye: Several reinsurers announce 6 Feb quake losses
Several global reinsurers have reported estimated losses arising from the devastating earthquakes in Turkiye on 6 February, as they released their 1Q2023 financial statements. Source: Middle East Insurance Review
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arabre
July 20, 2022
Saudi Arabia: Insurance Symposium to take place next September
The 6th Saudi Insurance Symposium (SIS) will be held in Riyadh on 28-29 September 2022, the General Insurance Committee (GIC) has announced.
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arabre
July 20, 2022
UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker
The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday.
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