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June 25, 2025
Lebanon: All-Risk Insurance in Wartime
While Lebanon remains officially neutral in the military escalation between Israel and Iran, it is already feeling the first economic tremors. Source: THIS IS BEIRUT
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Bilal Jarjour
June 25, 2025
Global: Shipping cover leaps by 60%
The cost of insuring vessels navigating the Strait of Hormuz has soared, as underwriters scramble to reprice risk in response to the deteriorating security environment around one of the world’s most critical maritime corridors. Source: Insurance Business
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Bilal Jarjour
June 25, 2025
Shipping, insurance show little reaction to mounting Persian Gulf risks
Shipping markets showed little reaction to a June 11 government-backed warning about elevated risks to commercial navigation around the Persian Gulf. Source: S&P Global
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Bilal Jarjour
June 25, 2025
Global: Insurance analytics market size
The global insurance analytics market was valued at USD 14.50 billion in 2024. The market is projected to grow from USD 16.70 billion in 2025. Source: Fortune Business Insights
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Bilal Jarjour
June 24, 2025
Israel – Iran tensions drive up marine insurance costs
The ongoing conflict between Israel and Iran has significantly increased insurance costs for ships navigating the Red Sea and Persian Gulf, reflecting growing concerns over maritime security in the region. Source: SAFETY4SEA
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Bilal Jarjour
June 24, 2025
Munich Re: Tech Trend Radar 2025
The Tech Trend Radar 2025 was developed by experts from Munich Re and ERGO to identify and assess the most relevant insurance technology trends for the upcoming year. Source: Munich Re
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Bilal Jarjour
June 24, 2025
Oman: Authority prepares to launch 2nd phase of national health insurance platform
The Financial Services Authority (FSA) is preparing for the launch of the second phase of the National Health Insurance Platform. Source: Middle East Insurance Review
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Bilal Jarjour
June 24, 2025
Egypt: IFE recommends diversifying reinsurance sources to face political tensions
The Insurance Federation of Egypt recommends the necessity of shifting towards diversifying reinsurance sources through regional companies or alliances with reinsurers in Asia and South America. Source: اليوم السابع
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Bilal Jarjour
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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