June 19, 2026
Kuwait: “Insurance Regulatory Unit” extends financial reporting deadline until end of august
The Kuwaiti Insurance Regulatory Unit has decided to extend the deadline for submitting financial reports related to the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) until August 31, 2026, instead of May 31, 2026. Source: الراي
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Bilal Jarjour
June 19, 2026
Saudi Arabia: Insurance Authority targets doubling market size to $50 billion
On June 4, the Insurance Authority announced a strategic goal to double the size of the domestic insurance market to reach $50 billion by 2030, compared to its current size of approximately $25 billion. Source: Al Morakeb Group
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Bilal Jarjour
June 15, 2026
Alaa El-Zohairy: The Unified Insurance Law Contributed to Increasing the Minimum Capital
Alaa El-Zohairy, Chairman of the Egyptian Insurance Companies Association, affirmed that the insurance sector in Egypt is experiencing a state of development and rapid growth, pointing out that Cairo hosting the 52nd session of the African Insurance Organization conference reflects Egypt’s leadership and the strength of its economy in the African continent. Source: اليوم السابع
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Bilal Jarjour
June 15, 2026
S&P: Insurers’ capital positions set the stage for ongoing resilience
We anticipate insurers will maintain robust capital positions to mitigate risks stemming from geopolitical instability and financial market volatility. Source: S&P
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Bilal Jarjour
June 15, 2026
Oman: FSA mandates insurers to maintain minimum EV insurance share in motor insurance portfolios
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios. Source: Financial Services Authority
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Bilal Jarjour
June 15, 2026
Turkiye: Insurers study investment fund options for life insurance market
An investment fund model similar to the Private Pension System (BES) should be created in the life insurance market in Turkiye, according to the President of the Insurance Association of Turkiye, Mr Ahmet Yasar. Source: Middle East Insurance Review
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Bilal Jarjour
June 8, 2026
PV insurance market can expect further ‘significant claims’ as Middle East conflict persists
The political violence (PV) insurance market faces intensifying pressure in the Middle East with escalating military actions threatening to disrupt commercial operations, leading to further “significant claims”. Source: Reinsurance News
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Bilal Jarjour
June 8, 2026
Egypt: Annual transactions in the medical insurance industry expected to reach EGP400 billion
Dr Ahmed El-Sobky, International Healthcare Leader and Chairman of Egypt Healthcare, revealed that the expected annual transactions in Egypt’s medical insurance industry could range between EGP300 billion and EGP400 billion over the coming years. Source: أموال الغد
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Bilal Jarjour
June 8, 2026
Strait of Hormuz tensions deepen pressure on marine and specialty markets as reinsurers brace for prolonged volatility
Howden Re’s latest analysis of the Strait of Hormuz crisis warns that while the global reinsurance market remains resilient, mounting losses across marine, energy and political violence lines are beginning to reshape underwriting conditions, pricing dynamics and risk appetite. Source: Howden
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Bilal Jarjour
June 8, 2026
ME conflict may trigger a technological revolution the market is not prepared for in the long-term
From a very short-term perspective, conflicts such as the one in the Middle East can certainly trigger corrections. But from a longer-term perspective, what we are seeing is a full-fledged technological revolution. Source: Middle East Insurance Review
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