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May 27, 2025
Egypt: Ins Federation: smart agriculture imposes a new type of risk requiring innovative solutions
The Insurance Federation of Egypt said in its bulletin dated 25/5/2025 that smart agriculture has become a fundamental pillar for achieving food security and addressing the challenges of climate change. Source: المال
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Bilal Jarjour
May 27, 2025
Saudi Arabia: Saudi insurance authority permanently revokes the licenses of 28 companies
The Saudi Insurance Authority has permanently revoked the licenses of 28 companies as part of corrective measures it began last April, according to a statement on its website. Source: Al Morakeb Group
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Bilal Jarjour
May 23, 2025
USA: The increasing debt of the United States has lowered its high credit rating. Is this decline merely symbolic?
Moody’s has downgraded the United States’ rating from: AAA to Aa1 due to rising concerns about increasing debt and interest rates. Source: تأمين ومصارف
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Bilal Jarjour
May 23, 2025
Egypt: Insurance companies aim to market electric car policies in tourist areas
Insurance companies have started marketing the ‘electric car’ policy in tourist areas due to the increasing demand in those places. Source: المال
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Bilal Jarjour
May 23, 2025
Morocco: Regulatory reform of death claims to take effect from 1 July
The Insurance and Social Security Supervisory Authority (ACAPS) has published a directive relating to the processing of death insurance claims, which is to take effect from 1 July 2025. Source: Middle East Insurance Review
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Bilal Jarjour
May 23, 2025
Aon and Moody’s expand reinsurance casualty collaboration into commercial risk
Aon and Moody’s Insurance Solutions have announced the expansion of their reinsurance casualty collaboration into commercial risk. Source: Asia Reinsurance Review
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Bilal Jarjour
May 20, 2025
Global insured losses reach $146bn in 2024, driven by hurricanes & SCS: Swiss Re
A new report from the Swiss Re Institute has revealed that global insured losses reached $146 billion in 2024, up from $125 billion in 2023 and significantly exceeding the 10-year average of $108 billion. Source: Reinsurance News
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Bilal Jarjour
May 20, 2025
Islamic insurance: market grows at faster pace than broader insurance industry
The Islamic insurance sector demonstrated sustained growth momentum in 2024, significantly outpacing the broader insurance industry, according to the “Islamic Financial Services Industry Stability Report 2025” published by the Islamic Financial Services Board (IFSB). Source: Middle East Insurance Review
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Bilal Jarjour
May 20, 2025
Egypt: net property ins premiums to reach EGP31 bn in 2023/2024
Property and liability insurance companies in the Egyptian market achieved net premiums of nearly EGP 31 billion during the 2023/2024 fiscal year, compared to approximately EGP 21 billion during the previous fiscal year, 2022/2023, being a growth of 47.6%. Source: أموال الغد
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Bilal Jarjour
May 20, 2025
Saudi Arabia: per capita insurance spending to rise to SAR 2367 (up by 16%) in 2024
The annual report on the insurance market in the Kingdom, issued by the Insurance Authority, showed that per capita insurance spending in Saudi Arabia will rise by 16% to SAR 2367 in 2024, compared to SAR 2035 in 2023. Source: Al Morakeb Group
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