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March 24, 2025
Middle East: Maritime risks escalate after breakdown of ceasefire
The maritime security landscape in the Middle East has entered a new phase of volatility, with amplified risks for commercial vessels operating in arterial shipping lanes. Source: Middle East Insurance Review
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Bilal Jarjour
March 24, 2025
Structured Credit and Political Risk insurance market capacity rises to meet demand
To accommodate rising demand, capacity in the structured credit and political risk (SCPR) insurance market has grown, with more insurers capable of writing long-term risks than ever before. Source: Middle East Insurance Review
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Bilal Jarjour
March 20, 2025
Egypt: Insurance federation launches first guide for settling property and engineering claims
The Egyptian Insurance Federation announced the release of its first guide for settling property and engineering claims. This guide is part of a series of technical publications by the Federation, aiming to establish a unified model for regulating claims settlement processes, in accordance with internationally recognized technical and procedural best practices. Source: المال
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Bilal Jarjour
March 20, 2025
Tunisia: Life insurance increased by 20%
The insurance sector in Tunisia is recording an increase in life insurance underwriting services driven by fears of financial and living difficulties after retirement, with figures from the General Insurance Committee showing that this type of insurance grew by an annual rate of more than 20%. Source: Al Morakeb
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Bilal Jarjour
March 20, 2025
Egypt: Insurance regulator and insurers stress importance of actuarial skills
The Chairman of the Financial Regulatory Authority (FRA) Dr Mohamed Farid has emphasized the importance of establishing actuarial departments within insurance companies, given the vital role actuarial models and estimates play in assessing risks, pricing insurance products and enhancing insurance companies’ financial stability. Source: Middle East Insurance Review
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Bilal Jarjour
March 20, 2025
Structured Credit and Political Risk insurance market capacity rises to meet demand
To accommodate rising demand, capacity in the structured credit and political risk (SCPR) insurance market has grown, with more insurers capable of writing long-term risks than ever before. Source: Middle East Insurance Review
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Bilal Jarjour
March 19, 2025
Bahrain: Upper house of legislature proposes compulsory medical liability insurance
The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry. Source: Middle East Insurance Review
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Bilal Jarjour
March 19, 2025
Saudi Arabia: New rule mandates all public healthcare institutions to contract with health insurers
The Saudi Council of Health Insurance has issued a decision requiring all government healthcare facilities to contract with health insurance companies, with effect from 1 July 2025. Source: Middle East Insurance Review
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Bilal Jarjour
March 19, 2025
Qatar: Strong profits for Qatar insurers according to S&P
Qatar insurance companies achieve strong profits as profitability metrics, especially the performance of written premiums and return on equity, outperform other insurance companies in the GCC. Source: Al Morakab
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Bilal Jarjour
March 19, 2025
Asia-Pacific reinsurance market size $69 billion in 2029, according to a Global Dat analysis
According to Global Data and Analytics, the Asia-Pacific reinsurance market (APAC) is expected to grow at a CAGR of 4.8%, from $54.0 billion in 2024 to $68.4 billion in 2029. Source: تأمين ومصارف
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