August 15, 2025
Algeria: National reinsurer shows 7.5% profit increase in 2024
Algiers-headquartered national insurer, Central Reinsurance Company (CCR), increased its GWP to DZD50.05bn ($369m) in 2024, 7.5% higher than the DZD46.55bn in 2023, according to financial data released by the company. Source: Middle East Insurance Review
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Bilal Jarjour
August 15, 2025
Saudi Arabia: Pricing action urgent to avert 2025 becoming difficult year of losses
With few bright spots, 1H2025 has reinforced the challenges already visible in the first quarter. The impact of prolonged intense price competition in medical and certain motor segments continues to weigh heavily on results. Source: Middle East Insurance Review
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Bilal Jarjour
August 15, 2025
Healthy & constructive market environment needs to be the new norm.
The current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. Source: Reinsurance News
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Bilal Jarjour
August 15, 2025
Egypt: Insurance companies achieve 56.8 billion pounds in premiums and pay out 28.9 billion in compensation over 6 months.
Dr. Mohamed Farid, Chairman of the General Financial Supervisory Authority, revealed that the total premiums of insurance companies operating in the Egyptian market reached about 56.8 billion pounds during the first half of 2025, compared to 43.7 billion pounds in the same period last year. Source: اموال الغد
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Bilal Jarjour
August 14, 2025
Morocco: Insurance market sees recovery in life and sustained momentum in non-life in 2024
The Moroccan insurance sector recorded strong growth in 2024, despite a challenging economic environment, according to the latest annual financial stability report published by the kingdom’s financial authorities. Source: Middle East Insurance Review
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Bilal Jarjour
August 14, 2025
Kuwait: The Insurance Regulatory Unit issues the rules for professional ethics
In Kuwait, the Insurance Regulatory Unit issued the circular no 18 of year 2025 regarding rules for compliance with professional ethics, competence, and integrity for licensed individuals. Source: معلومات مباشر
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Bilal Jarjour
August 14, 2025
Kuwait: Minister of Justice: committee to develop the ins legislative system
In Kuwait, the Minister of Justice, Mr Nasser Al-Sumait, issued a decision to form a committee in order to develop the legislative system for insurance and the legal issues arising from it. Source: الأنباء
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Bilal Jarjour
August 14, 2025
Global Insurance Market Index (by Marsh)
Global insurance rates declined 4% in the second quarter of 2025, marking the fourth consecutive quarter of decline in Marsh’s Global Insurance Market Index. Source: Marsh
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Bilal Jarjour
August 12, 2025
Saudi Arabia: Standard & Poor’s has a positive outlook on the insurance sector in the Kingdom.
A recent study by Standard & Poor’s revealed that the insurance sector in Saudi Arabia is benefiting from the strong growth prospects of the Saudi economy, driven by Vision 2030 initiatives. However, the sector faces challenges related to high concentration and weak penetration. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
August 12, 2025
Oman: Regulator quashes unauthorized motor premium hike
The Financial Services Authority (FSA), the regulator of the insurance sector in Oman, has confirmed that it had not granted approval to any insurance company to increase mandatory motor third-party liability (MTPL) insurance premiums. Source: Middle East Insurance Review
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