June 21, 2025
Turkiye: Sovereign wealth fund completes M&A of state-owned insurance and pension companies
Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies, the sovereign wealth fund has said in a statement. Source: Middle East Insurance Review
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Bilal Jarjour
June 21, 2025
Sultanate of Oman: “Financial Services” to launch “Dhamani” phase 2
The Financial Services Authority organized a preparatory meeting with insurance companies and representatives of private healthcare institutions for implementing the second phase of the “Dhamani” electronic platform. This second phase involves preparing the “Dhamani” e-platform for the exchange of medical documents. Source: الرؤية
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Bilal Jarjour
June 21, 2025
UAE: Experts to “Al Khaleej”:
Geopolitical tensions boost travel insurance Amidst rapid changes casting their shadow over flight travel in the region and globally, travel insurance policies have returned to the forefront of attention, after repeated instances of flight cancellations and delays to multiple destinations in recent days. Source: الخليج
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Bilal Jarjour
June 21, 2025
UAE: Commercial car premiums jump over 300%
In the UAE, owners of private companies have reported that the cost of insurance policies for their company vehicles, known as commercial car insurance, has increased by more than 300% since the beginning of this year. Source: Al Morakeb Group
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Bilal Jarjour
June 19, 2025
Middle East: irrational increase by 60% in ship insurance prices through the strait of Hormuz
Ship insurance prices crossing the strait of Hormuz have surged over 60% since the onset of the war between Israel and Iran, amid escalating threats to shipping in this vital waterway for transporting crude oil, according to Financial Times. Source: الشرق
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Bilal Jarjour
June 19, 2025
Egypt: The Egyptian insurance sector is ready to face the repercussions of the war between Israel and Iran
The Egyptian insurance sector possesses the capabilities and readiness to deal with the potential repercussions of any developments that may arise due to the current regional tensions. Source: المال
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Bilal Jarjour
June 19, 2025
Lebanon: The government covers insurance risks for “Middle East”
The Council of Ministers, in its latest session, approved the proposal of the Minister of Public Works, Faiz Rasmini, to cover the insurance costs incurred by Middle East Airlines due to wartime risks. Source: Al Morakeb
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Bilal Jarjour
June 19, 2025
Arab Reinsurance Company mourns Dr. Mustafa Rajab.
Arab Reinsurance Company, its board of directors, and its employees mourns Dr. Mostafa Rajab, a loss to the Arab insurance sector and one of the most prominent pioneers and experts in insurance and reinsurance in the Arab world. Source: Arab Re
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Bilal Jarjour
June 18, 2025
Saudi Arabia: Medical out of ICU, Motor back in workshop for repairs
The Saudi Arabian insurance industry’s profits (after-zakat & tax) dropped by 28% in the first three months of 2025 to SAR0.6bn ($160m) in 1Q2025 from SAR0.9bn in 1Q2024, Badri Management Consultancy, an international actuarial consulting company, has said. Source: Middle East Insurance Review
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Bilal Jarjour
June 18, 2025
Middle East: Israel-Iran conflict escalates shipping risk
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz. Source: Middle East Insurance Review
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