September 11, 2025
Kuwait: Launch of the first phase of the “Insurance Brokers Network”
The insurance sector in Kuwait has completed the first phase of gathering a group of licensed insurance brokerage firms under the umbrella of the Insurance Brokers Network (KIBN). Source: Al Morakeb
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Bilal Jarjour
September 11, 2025
Turkey: Insurance coverage of SMEs stands at 32%
While small and medium-sized enterprises (SMEs) make up 99.7% of all enterprises in Türkiye, the insurance rate for them remains at 32%. Source: Middle East Insurance Review
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Bilal Jarjour
September 11, 2025
AM Best: Reinsurers headed toward meeting their cost of capital in 2025
Unless the market experiences an additional $16 billion in net reinsurance losses between now and year-end, AM Best’s composite of top global reinsurers are set to meet their cost of capital in 2025. Source: Reinsurance News
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Bilal Jarjour
September 11, 2025
Swiss Re expects global insurance premiums to double by 2040, currently standing at $2.4 trillion
Swiss Re, a reinsurance company, predicts that the volume of insurance premiums worldwide will double by 2040, driven by industry growth at rates parallel to global GDP. Source: المال
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Bilal Jarjour
September 9, 2025
Turkey: Premium production in participation insurance (takaful) reached 33 billion lira
Participation insurance premium production exceeded 32.5 billion lira in the first half of the year. As of June 2025, the insurance sector’s total premium production of 576.8 billion lira accounted for 5.6 percent. Source: Finansin Gündemi
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Bilal Jarjour
September 9, 2025
Egypt: IFE studies steps to a unified medical system
The Insurance Federation of Egypt is studying a plan to establish a unified medical system that would cover all employees of insurance companies, including those who have retired. Source: أموال الغد
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Bilal Jarjour
September 9, 2025
UAE: ADNOC and RIQ eye US$500m in reinsurance business in strategic collaboration
RIQ, the AI-native reinsurance platform and a subsidiary of International Holding Company (IHC), has entered into a strategic reinsurance collaboration agreement with ADNOC, a leading diversified energy group, wholly owned by the Abu Dhabi government. Source: Middle East Insurance Review Source: IHC
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Bilal Jarjour
September 9, 2025
Saudi Arabia: Health insurance premiums forecast to double by 2030 on regulatory support & digital transformation
Health insurance premiums are projected to nearly double from SAR42bn ($11.2bn) in 2024 to SAR83bn in 2030, according to a white paper released by Bupa Arabia. Source: Middle East Insurance Review
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Bilal Jarjour
September 4, 2025
Muscat: Insurance companies’ profits reach 19.7 million riyals in first half of 2025
The insurance sector in the Sultanate of Oman showed improved performance during the first half of the current year, supported by continuous growth in the insurance industry. Source: أرقام
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Bilal Jarjour
September 4, 2025
Saudi Arabia: ‘Blme Capital’: The insurance sector faces challenges with declining interest rates
The CEO of investment at ‘Blme Capital’, Thamer Al-Saeed, stated that the insurance sector is one of the most speculative sectors in the Saudi market, comprising between 35 and 37 companies. He pointed out that about 4 to 7 of these companies have strong financial viability and fundamentals that make them attractive to investors. Source:…
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