Maarad Street, Beirut Central District, Lebanon
arabre@arabre.com
+961 1 989500
March 10, 2025
Saudi Arabia: Challenges facing the Saudi insurance sector.
Saudi Arabia’s insurance sector continues to grow at the fastest rates among the GCC, but faces three significant challenges, led by the dominance of a few large companies in the market, while smaller entities struggle to withstand fierce competition, according to S&P Global. Source: Al Morakeb
Read morePOSTED BY
Bilal Jarjour
March 10, 2025
22% expected increase in cyber insurance premiums during the current year
Insurance companies expect 22% growth in cyber insurance premiums this year to reach $21.6 billion. Source: المال
Read morePOSTED BY
Bilal Jarjour
March 7, 2025
Saudi Arabia: Rapidly growing market with increasing concentration at the top
Premium growth in Saudi Arabia in recent years has been substantial, thanks to rapid economic expansion, rate adjustments, and the adoption of new mandatory covers, according to S&P Global Ratings (S&P) credit analyst Emir Mujkic. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
March 7, 2025
Syria: License to practice the profession of insurance broker
In Syria, the Minister of Finance – Chairman of the Board of Directors of the Insurance Supervisory Authority issued the decision no 14/25/100 dated 3/1/2025, which included licensing applicants to practice the profession of insurance broker (natural person). Source: Industry News
Read morePOSTED BY
Bilal Jarjour
March 7, 2025
Morocco: ACAPS: insurance premiums exceed 59 billion dirhams
The Supervisory Authority of Insurance and Social welfare (ACAPS) reported that premiums issued by insurance and reinsurance companies amounted to more than 59.7 billion dirhams during the year 2024, achieving an increase of 5.3% compared to year 2023. Source: العمق المغربي
Read morePOSTED BY
Bilal Jarjour
March 7, 2025
Algeria: Insurance sector turnover reached 163 billion dinars in 2023
The head of the Algerian Federation of Insurance and Reinsurance Companies, Ben Messa Youssef, confirmed that the insurance sector in Algeria has witnessed remarkable development in recent years, as its turnover reached 163 billion dinars in 2023, an increase by 137 billion dinars in 2020. Source: الشروق
Read morePOSTED BY
Bilal Jarjour
March 5, 2025
S&P: Insurance market to be spurred by economic growth and compulsory schemes
Insurance demand in most GCC countries is expected to increase this year, according to S&P Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
March 5, 2025
Egypt: Financial Supervision Authority allows the establishment of multiple private insurance funds within the same entity, provided that the benefits and categories differ
The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Dr. Mohamed Farid, issued Resolution No. 1 of 2025, which allows the possibility of establishing more than one private insurance fund within the same entity, provided that the benefits provided by each fund differ from the other, in addition to the different categories…
Read morePOSTED BY
Bilal Jarjour
March 5, 2025
New introduction of terrorism risk reinsurance
Pool Re, a UK government-backed reinsurance company specializing in terrorism risk coverage, has completed the rollout of a new reinsurance scheme with more than 60 international reinsurance companies, offering total excess loss coverage of £2.75bn, compared to £2.4bn previously. Source: بوابة التأمين الإقتصادية
Read morePOSTED BY
Bilal Jarjour
March 5, 2025
Turkey: Insurance agencies identify largest obstacles to digitalization
The lack of digital competence is seen as the biggest hurdle to digitalization by insurance agencies, according to the results of a recent survey. Source: Middle East Insurance Review
Read morePOSTED BY