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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Bilal Jarjour
January 12, 2024
Best’s review: guide to understanding the ins. industry
AM best has published its monthly insurance magazine (volume 125 / Issue 1 / January 2024). Source: AM Best
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Bilal Jarjour
January 5, 2024
Creating new markets by Aon
From carbon capture to intellectual property to social mobility, ten transformative trends are shaping the future risk landscape. The Aon research indicates reinsurers can capitalize on $200+ billion of market potential by 2030. Source: Aon
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Bilal Jarjour
January 5, 2024
Egypt: Several insurance branches to see price increases in 2024
Insurance companies expect medical insurance prices to rise by at least 10% in 2024 year due to high inflation and exchange rate changes. To read more, please click here. Source: Middle East Insurance Review
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Bilal Jarjour
January 5, 2024
The Saudi insurance sector grew by 14.6% in Q3 of year 2023
The Insurance Authority released its first report on the performance of the insurance market in Saudi Arabia for the third quarter of year 2023, highlighting the developments and results of the sector during that period. Source: Alarabiya
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