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February 27, 2025
AM Best: Casualty reinsurance faces financial strain amid rising litigation costs and social inflation
Rising litigation expenses and increased jury awards are placing significant financial strain on the casualty reinsurance sector, leading some carriers to bolster their reserves and squeeze profit margins, according to a recent AM Best report. Source: Reinsurance News
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Bilal Jarjour
February 27, 2025
Global Data: The electric vehicle insurance market has grown and is still trending upwards
According to insurance analysts at Global Data, the motor insurance market in the Asia-Pacific region is undergoing a transformation caused by the emergence of electric vehicles and regulatory changes, and economic growth and demographic shifts in the region also play a crucial role in shaping market dynamics. Source: تامين ومصارف
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Bilal Jarjour
February 26, 2025
Türkiye: Insurance industry’s 2024 profits driven by investment income
The profitability of the insurance industry in 2024 was boosted by an increase in investment income, according to Mr Koray Erdogan, CEO of Ray Sigorta. Source: Middle East Insurance Review
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Bilal Jarjour
February 26, 2025
Lloyd’s launches two new Enhanced Yield Liquidity Funds
Lloyd’s global insurance and reinsurance market has expanded its investment platform with the launch of two new improved return liquidity funds. The two new funds, approved in euros and sterling, will join the existing fund in US dollars. Source: Reinsurance News
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Bilal Jarjour
February 26, 2025
Expected rise in the cost of compensation globally due to Trump’s decisions
The insurance sector expects the cost of compensation to rise globally after US President Donald Trump’s decision to impose tariffs on a number of countries. Source: Al Morakeb
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Bilal Jarjour
February 26, 2025
Egypt: The Financial Supervisory Authority approves new rules for calculating technical provisions in personal insurance and fund formation
The Board of Directors of the Financial Regulatory Authority (FRA) issued Resolution (16) of 2025, which includes new controls for the calculation and formation of technical provisions for the Persons Insurance and Fund Formation Branch. Source: المال
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Bilal Jarjour
February 25, 2025
Egypt: The IFE prepares an underwriting guide for the “marine” branch
The Insurance Federation of Egypt, headed by Mr. Alaa Al Zuhairy, revealed that the Marine Insurance Committee has prepared an underwriting guide for the marine insurance branch to be a reference for junior underwriters. Source: أموال الغد
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Bilal Jarjour
February 25, 2025
Palestine: Regulator prepares for enactment of new insurance law
The regulatory authorities in Palestine are preparing to launch a revised insurance law which will include new financial and regulatory requirements to encourage mergers among insurers. Source: Middle East Insurance Review
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Bilal Jarjour
February 25, 2025
Turkey: Insurance industry’s 2024 profits driven by investment income
The profitability of the insurance industry in 2024 was boosted by an increase in investment income. Source: Middle East Insurance Review
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Bilal Jarjour
February 25, 2025
Egypt: Egyptian insurance companies to radically shift marine insurance by 2030 with the proliferation of smart ships
The Federation of Egyptian Insurance Companies explained that the development of maritime transport technology, especially smart and autonomous ships, represents both a challenge and an opportunity for the marine insurance sector, stressing that international experiences in this field shed light on the need to innovate new insurance solutions commensurate with the technical changes witnessed by…
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