October 19, 2024
Insurance sector technology development reduces customer fraud attempts
Experts said that the insurance sector has started issuing policies electronically remotely, while premiums are now paid through e-wallets, and inquiries can be made with a simple phone call, however, there are still more developments that the sector needs. Source: المال
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Bilal Jarjour
October 17, 2024
Fitch: The stability of the reinsurance market in Asia during the current year depends on its sufficient capacity
Fitch Agency revealed that the reinsurance market prices in the Asia-Pacific region in year 2024 are stable due to sufficient capacity and will remain if this continues. Source:المال
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Bilal Jarjour
October 17, 2024
Egypt: Digitization and supporting startups are top priorities for the Authority’s work to achieve financial inclusion based on innovation
Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA), participated in the fourth edition of the Fintech Surge 2024 Conference. The conference focuses on trends affecting the future of various financial sectors, specifically digital services, investment in financial technology, and growing cooperation between financial institutions and financial technology companies, and investment in them. Source:اموال…
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Bilal Jarjour
October 17, 2024
Morocco: Takaful companies generate contributions of US$4.4m in 1H2024
Takaful generated contributions totaling MAD43.5m ($4.4m) in the first half of 2024, 50% higher than the MAD29m reported for the corresponding six months in 2023, according to data released by the Moroccan Insurance Federation. Source: Middle East Insurance Review
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Bilal Jarjour
October 17, 2024
Helene and Milton losses below $200m
Progressive, the property and auto-focused insurance group, has revealed that incurred property losses and allocated loss adjustment expenses (ALAE) related to hurricanes Helene and Milton did not exceed the $200 million retention. Source: Reinsurance News
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Bilal Jarjour
October 16, 2024
Egypt: Decisions to determine the capital of companies operating in the insurance sector will be issued soon
Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, stressed that we have a large insurance market with great capabilities and need more reforms. During his speech at the opening of the twenty-eighth African Reinsurance Forum, he explained that the Financial Supervisory Authority is implementing a comprehensive plan to reform the Egyptian insurance sector. Source:…
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Bilal Jarjour
October 16, 2024
Jordan: Proposals and recommendations of the Car Insurance Committee in the Jordanian Federation of Insurance Companies to deliver rights to their owners within the controls
The Executive Committee of the Motor Insurance Committee operating under the framework of the Jordanian Federation of Insurance Companies discussed, in a meeting at the General Administration of the Federation, the draft instructions for the principles and procedures for settling and paying claims resulting from vehicle accidents for the year 2024. Source: تأمين ومصارف
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Bilal Jarjour
October 16, 2024
Turkiye: Insurance professionals need more training in risk management
Professionals in the insurance sector do not receive sufficient training in risk management, in the view of Mr. Ceyhan Hancioglu, general manager of Magdeburger Insurance. Source: Middle East Insurance Review
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Bilal Jarjour
October 16, 2024
European insurers on track for solid FY24 results despite varied country trends
European insurance companies posted strong results in 1H24, driven by favorable interest rates and pricing cycles, despite varied national trends, according to Fitch Ratings. Source: Reinsurance News
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Bilal Jarjour
October 15, 2024
Floods, blackouts and gas shortages: Florida faces headwinds in the wake of hurricanes Helene and Milton
(CNN) – On a dark night, a fierce storm gave Florida a sharp blow to the head. Less than two weeks later, another tore through its heart. Source: CNN
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