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April 30, 2025
Middle East: Manual processes and data gaps challenge digital transformation in insurance markets
Despite strong regulatory frameworks and rising interest in digital solutions, resistance to change still exists, stemming from the use of, and familiarity with, outdated technologies and workflows. Source: Middle East Insurance Review
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Bilal Jarjour
April 30, 2025
Egypt: Expected rise in demand for the document “Commercial Credit”
There is an expected rise in demand for trade credit insurance policy from importers after requesting it from exporters abroad. Source: المال
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Bilal Jarjour
April 28, 2025
Risk engineering in insurance reduces losses, enhances sustainability and increases confidence between customers and insurance companies
Risk engineering is one of the most important disciplines in the insurance sector, as it focuses on identifying and assessing risks and reaching mechanisms to mitigate them before they lead to losses. Source: تامين ومصارف
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Bilal Jarjour
April 28, 2025
A tiring start for insurance companies in 2025, the cost of natural disasters so far has reached $ 83 billion.
According to preliminary data published by the company “Aon”, the economic damage caused by natural disasters that occurred in the first quarter of 2025, may reach $ 83 billion. Source: تامين ومصارف
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Bilal Jarjour
April 28, 2025
Reinsurers to be only ‘mildly affected’ by existing tariffs
While tariff-induced inflationary factors impacting property insurance are expected to affect property reinsurance as well, Morningstar DBRS analysts have suggested reinsurers will only see a mild impact due to their diverse global operations and exposure to non-property lines like life and casualty reinsurance. Source: Reinsures News
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Bilal Jarjour
April 28, 2025
Gallagher Rey estimates insured losses of $56 billion in first quarter.
Reinsurance brokerage Gallagher Re estimated that total initial insured losses in the first quarter of 2025 were at least $56 billion, making it the most expensive first quarter ever for the private insurance market and government insurance sponsors since 2011, and 176% higher than the $20 billion first-quarter average over the past decade. (2015–2024). Source:…
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Bilal Jarjour
April 25, 2025
Resumption of health insurance services in Syria
The Syrian Insurance Supervisory Commission (SISC) announced the resumption of health insurance services for employees in various sectors in Syria. Source: عنب بلدي
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Bilal Jarjour
April 25, 2025
The unified Arab insurance system keeps up with digitization: approximately 5 million orange cards in the Arab world by 2030
Mr Chakib Abu Zeid, Secretary General of the General Arab Insurance Federation, said that the distribution of “orange insurance cards” in the Arab countries would increase to 5 million cards by 2030, given the significant volume of intra-Arab trade. Source: Tuniscope
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Bilal Jarjour
April 25, 2025
Bahrain: Parliament approves amendments to draft law on unemployment insurance
Chaired by Speaker Ahmed bin Salman Al-Musallam, the Council of Representatives held its 27th ordinary session of the third annual session (sixth legislative term) on 22 April 2025. Source: Al Morakeb Group
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Bilal Jarjour
April 25, 2025
Türkiye: More needs to be done to convert insurance quotes into policies
Around 20m comprehensive automobile insurance quotations are given annually, of which 8.5m were subsequently converted into purchases, according to the Insurance Association of Türkiye’s (TSB) vice president Mr Ahmet Yasar. Source: Middle East Insurance Review
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