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April 8, 2025
GCC: Listed insurers post $2.1bn profit in FY2024, despite challenges
78 listed GCC insurers reported a total after-tax profit of $2.1bn in FY2024, according to the latest “GCC Performance Periodical” Source :Middle East Insurance Review
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Bilal Jarjour
April 8, 2025
Egypt: As of July, the amount of accident insurance for Egyptians abroad will be raised to EGP 250,000
The insurance amount in the personal accident policy for Egyptians working abroad has been raised to EGP 250k as of early July, compared to EGP 100k currently. Source: اموال الغد
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Bilal Jarjour
April 7, 2025
Munich Re: Global cyber premium to more than double by 2030
Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. Source: Reinsurance News
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Bilal Jarjour
April 7, 2025
Global insurance protection gap expected to worsen through 2030, finds survey
A new survey has revealed that uncertainty around long-term earnings sustainability, emerging risks and affordability pose new challenges for insurers through 2030. Source: Asia Insurance Review
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Bilal Jarjour
April 7, 2025
Algeria: Best’s market segment report: Algeria’s insurance market primed for growth and expansion
Demographic, economic and regulatory developments in Algeria appear to bode well for the country’s insurance market, which looks primed for growth, expansion, foreign investment and profitability, according to a new report from AM Best. Source: AM Best
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Bilal Jarjour
April 7, 2025
Egypt: New legislation regulates the insurance sector and defines its branches
In Egypt, the new Unified Insurance Law, issued by Law no 155 of year 2024, defines the conditions for practicing all insurance branches. Source: اليوم السابع
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Bilal Jarjour
April 4, 2025
Global insurance protection gap expected to worsen through 2030, finds survey
A new survey has revealed that uncertainty around long-term earnings sustainability, emerging risks and affordability pose new challenges for insurers through 2030. Source: Asia Insurance Review
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Bilal Jarjour
April 4, 2025
Jordan: New insurance law strengthens companies’ position
In Jordan, insurance Lawyer Mr. Mohammed Al-Shahwan confirmed that the new insurance law criminalizes the act of selling the right to claim compensation to another person. Source: Al Morakeb Group
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Bilal Jarjour
April 4, 2025
Saudi Arabia: Insurance system project – a legislative step awaiting approval to build a more efficient sector
In line with the national ambitions outlined in Saudi Vision 2030 to develop a diverse and effective financial sector, the enhancement of the insurance system emerges as a pivotal step toward achieving financial balance, boosting investor confidence, and improving the quality of life for both citizens and residents alike. Source: Al Morakeb
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Bilal Jarjour
April 4, 2025
Egypt: FRA Chairman: Electronic connectivity with insurance companies boosts customer base
The Chairman of the Financial Regulatory Authority stressed the importance of insurance companies continuously developing the technological infrastructure necessary to link their database with the Authority’s database, which is one of the ways to develop supervisory and regulatory frameworks to facilitate electronic follow-up and control processes. Source: اموال الغد
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