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February 19, 2025
Syria receives climate risk insurance
The Insurance Development Forum (IDF) has launched a $9.25m macro insurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas, designed to support the World Food Program’s (WFP) operations in one of the world’s most vulnerable regions. Source: Middle East Insurance Review
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Bilal Jarjour
February 19, 2025
Egypt: The Financial Supervisory Authority issues new rules for the establishment and licensing of insurance and reinsurance companies.
The Board of Directors of the Financial Regulatory Authority (FRA) issued a new resolution No. 15 of 2025, specifying the rules governing the establishment and licensing of companies operating in the insurance and reinsurance activity, within the framework of implementing the provisions of the Unified Insurance Law No. 155 of 2024. Source: المال
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Bilal Jarjour
February 18, 2025
Jordan: “Marine Insurance” in the Federation of Insurance Companies discusses the latest developments in the sector and the repercussions of the ESL ship fire
The Executive Committee of the Marine Insurance Committee held its meeting on Thursday, 13/2/2025, to discuss a number of topics related to marine insurance and the most prominent developments that have occurred recently, especially the claims made by some ships in light of the ESL ship fire. Source: أخبار البلد
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Bilal Jarjour
February 18, 2025
Egypt: On the occasion of its 70th anniversary, the IFE reviews its history
The Insurance Federation of Egypt reviewed in its weekly bulletin the history of its establishment, as well as the Federation’s celebration ceremony on the occasion of its 70th anniversary. Source: أموال الغد
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Bilal Jarjour
February 18, 2025
Saudi Arabia: Insurance Authority launches digital services portal “Tameen”
The Insurance Authority announced the launch of the digital services portal “Tameen” with the aim of promoting digital transformation in the sector, developing an integrated digital insurance environment that contributes to raising the efficiency of control and compliance processes, and enabling companies to access services digitally. Source: Al Morakeb
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Bilal Jarjour
February 18, 2025
UAE: Insurance industry shows resilience in 2024 despite weather-related losses
2024 proved to be a pivotal year for the UAE insurance industry, showcasing its resilience in the face of unprecedented weather-related losses, according to international actuarial consulting firm. Source: Middle East Insurance Review
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Bilal Jarjour
February 15, 2025
UAE: Expected Boom in the Health Insurance Sector by 2030
A report by Mark Ntel Advisors indicates that the health insurance sector in the UAE is expected to reach AED 46.6 billion ($12.7 billion) by 2030, with a compound annual growth rate (CAGR) of 6.5% from 2025 to 2030. Source: الإتحاد
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Bilal Jarjour
February 15, 2025
Insurance market rates for P&C increased in 4Q2024 in UAE and Saudi Arabia
According to a digital report published by Marsh, (re)insurers, Insurance market rates for property decreased by about 10% in Saudi Arabia, on the other hand, rates increased in the UAE due to losses brought about by flooding. Source: Middle East Insurance Review
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Bilal Jarjour
February 15, 2025
MEA: How the Middle East is regulating AI in insurance
AI and AI regulation will continue play an important role in the Middle East’s insurance sector, according to Norton Rose Fulbright’s report, titled ‘Insurance Foresight 2025’. Source: Middle East Insurance Review
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Bilal Jarjour
February 15, 2025
Arab Insurance Federation: Egypt, Morocco, and Algeria have employed the insurance industry to support infrastructure
The General Arab Insurance Federation participated in the Sixth Arab Regional Forum for Disaster Risk Reduction, which concluded its work yesterday, Wednesday, in Kuwait City, with the participation of more than 600 experts and officials from governments, civil society organizations, the private sector, and international organizations. Source:جريدة المال
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