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May 6, 2025
Insurers face increased regulation for life business, climate and AI
Global insurers face rising regulatory costs linked to structural shifts in the life sector, and to climate change and artificial intelligence (AI) as industry supervisors intensify their response to mounting risks. Source: FitchRatings
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Bilal Jarjour
May 6, 2025
MENA: Call made to expand coverage of successful Arab cross-border vehicle insurance scheme
The Tunisian Federation of Insurance Companies (FTUSA) has called on the General Arab Insurance Federation (GAIF) to study a proposal to extend the Orange Card’s insurance coverage. Source: Middle East Insurance Review
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Bilal Jarjour
May 6, 2025
UAE insurance industry to consolidate and grow further
In the UAE, further market consolidation is likely in 2025, especially if those listed insurers currently under regulatory scrutiny for not meeting solvency capital requirements fail to recover within the specified timeframe, Fitch Ratings says in a new report. Source: FitchRatings
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Bilal Jarjour
May 6, 2025
UAE: 3 cases allowing ins companies not to issue comprehensive cover
In the UAE, the Central Bank has authorized insurance companies not to issue comprehensive insurance policies in specific cases (three cases only). Source: الخليج
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Bilal Jarjour
May 3, 2025
Syria: Meeting of the Syrian Insurance Federation
The 22nd meeting of the Board of Directors of the Syrian Insurance Federation was held at the headquarters of the General Secretariat on Sunday 27 April 2025, chaired by Dr Muhammad Imad Al Din Khalifa. Source: Al Morakeb Group
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Bilal Jarjour
May 3, 2025
Kuwait: Insurance Regulatory Unit issues 3 decisions
In Kuwait, the Insurance Regulatory Unit issued three decisions regarding approval of a permanent suspension, a legalization of the status of insurance companies, and the registration of an auditor. Source: معلومات مباشر
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Bilal Jarjour
May 3, 2025
UAE: AED 12.8 billion as insurance premiums at DIFC by 2024
Insurance business grew by 35% in Dubai International Financial Centre (DIFC), with total written premiums reaching AED 12.8 billion ($3.5 billion) in year 2024 across 125 institutions operating in the sector, according to the Global Insurance Outlook 2025 report. Source: الخليج
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Bilal Jarjour
May 3, 2025
Motor/Global: Shifting gears in a changing landscape: A global perspective of motor (re)insurance
Motor insurance is one of the largest non-life lines of business globally, making up about 40% of the total USD 2.2 trillion property and casualty market. Source: Swiss Re
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Bilal Jarjour
April 30, 2025
Gaif on the way to digitization and starting with a new website
As part of its digital transformation strategy, the General Arab Insurance Union launched its new website: https://gaif-home.gaif.org/home.This initiative provides ITU members and insurance professionals with easy access to market information and data. Source: تأمين ومصارف
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Bilal Jarjour
April 30, 2025
UAE: DIFC announces 35% leap in insurance business in 2024.
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, recorded a 35% leap in gross written premiums to $3.5bn in 2024 from $2.6bn in 2023. Source: Middle East Economy
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