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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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Bilal Jarjour
August 12, 2025
Property cat isn’t approaching a pain point; there is no soft market
There is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Source: Reinsurance news
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Bilal Jarjour
August 12, 2025
Insurance Companies Union: Balancing Technology and Human Element is the Key to Success
The Egyptian Insurance Companies Union clarified that the world is witnessing radical and rapid transformations in various fields of life, driven by rapid technological advancements, topped by the rise of Artificial Intelligence (AI) technologies, which have become not just a future concept, but a tangible reality reshaping industries and profoundly affecting the global labor market.…
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Bilal Jarjour
August 9, 2025
Kuwait: Insurance premiums down by 9% year on year in FY2025
Insurance companies’ premium volume in Kuwait declined by 9% in the fiscal year ended 31 March 2025 (FY2025) with the health insurance branch reporting a notable drop, according to the sector’s regulator. Source: Middle East Insurance Review
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Bilal Jarjour
August 9, 2025
AI: Insurance premiums to hit US$4.8 billion within 7 years
As artificial intelligence embeds itself deeper into the fabric of modern life, industries from healthcare to transportation are reconfiguring how they operate. Source: InsuranceBusiness
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Bilal Jarjour
August 9, 2025
Egypt: The Insurance Federation recommends the necessity of developing technical capabilities and expanding coverage in the sector
The Egyptian Insurance Federation, headed by Mr Alaa Al-Zuhairi, advised its member insurance companies to develop their technical capabilities and expand their coverage in line with sustainable development goals. Source: أموال الغد
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Bilal Jarjour
August 9, 2025
Gallagher Re: Property reinsurers must commit to AI investment to drive future growth
Gallagher Re’s recent Global Insurtech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data infrastructure capable of handling vast and varied datasets. Source: Reinsurance News
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Bilal Jarjour
August 7, 2025
Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025. Source: Reinsurance News
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Bilal Jarjour
August 7, 2025
AI: Intelligent Agents and the Future of Human Interaction in Insurance by 2035 (MAPFRE)
MAPFRE’s study explores how AI and intelligent agents will transform insurance by 2035, highlighting four scenarios and key trends for future interactions. Source: completeaitraining
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