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July 19, 2025
Egypt: Alaa El-Zohairy: We aim to make insurance an effective tool for protecting the economy
Mr Alaa El-Zohairy, Chairman of the Insurance Federation of Egypt, emphasized that the federation believes that developing human capital and raising market efficiency is the cornerstone of the insurance industry growth and sustainability. Source: Al Morakeb Group
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Bilal Jarjour
July 19, 2025
US: Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
Insurance rates across the US continued their upward trend in the second quarter of 2025. Source: Reinsurance News
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Bilal Jarjour
July 19, 2025
Turkey: Declining inflation and rising interest rates improve the financial conditions of insurance companies
According to the credit rating agency ‘Fitch’, Turkish non-life insurance companies are expected to benefit from improvements in their operating results and thus their profits during the year 2025. The reasons include declining inflation and rising interest rates. Source: تأمين ومصارف
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Bilal Jarjour
July 19, 2025
Egypt: Insurance federation supports issuance of digital fire insurance policies
The Insurers Federation of Egypt (IFE) has recommended supporting the digitalization of fire insurance policies to facilitate access to insurance coverage, especially in remote areas. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Middle East: Region’s HNW international life insurance market show robust growth
Middle East new business sales grow by 16% to GBP2.1bn ($2.8bn) as the region becomes an increasingly attractive destination for wealth and financial services, according to the “2024 Wealth Management Market Study” for Utmost Group. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Natural disaster losses until June 30 reached 90 billion dollars
According to estimates from Jefferies Financial Group, insured losses from natural disasters that occurred until June 30, 2025, reached 90 billion dollars. This figure significantly exceeds the 58 billion recorded during the same period in 2024, as well as the average of 55 billion over the past five years. Source: تأمين ومصارف
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Bilal Jarjour
July 17, 2025
Saudi Arabia: Advisory council raises proposals for improvements in insurance sector
The Consultative Assembly of Saudi Arabia is requesting the Insurance Authority (IA) to study the possibility of amending the system for filing insurance claims for minor accidents, allowing drivers to submit them directly to insurers. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Fitch: Capacity & competition put further pressure on prices after 2024 peak
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. Source: Reinsurance News
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Bilal Jarjour
July 16, 2025
GAIF: Actuarial models take root in the region
The growing importance of actuarial sciences is steering insurance markets in the region to nurture actuarial talent, especially with the lack of sufficient capacity in the field. Source: Middle East Insurance Review
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Bilal Jarjour
July 16, 2025
Egypt: The Insurance Companies Union announces the final list of candidates for the Board of Directors
The Egyptian Insurance Companies Union announced in an official statement the final list of candidates for membership on the Board of Directors for the new term 2025-2029, after the nomination period lasting 15 days ended on the eighth of July. Source: Al Morakeb
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