April 15, 2025
Morocco: (Re)insurers to adopt new structured claims process by 1 July
The Insurance and Social Security Supervisory Authority (ACAPS) has set out new procedures for handling claims related to death insurance contracts in a move to strengthen transparency and beneficiary protection. Source: Middle East insurance Review
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Bilal Jarjour
April 15, 2025
Egypt: The Federation of Insurance Companies recommends following the «risk engineering» to reduce losses
The Federation of Egyptian Insurance Companies stressed the importance of risk engineering as a strategic tool in risk management and insurance, especially in light of the rapid changes that the world is witnessing today. Source: أموال الغد
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Bilal Jarjour
April 15, 2025
Kuwait: Reinsurance companies to overcome market fluctuations caused by tariffs with less
The Insurance Regulatory Unit in Kuwait revealed a significant increase in the volume of compensation paid to national and foreign insurance companies during the fiscal year 2023/2024, according to the fourth annual report published on the official website of the General Arab Insurance Union. Source: المال
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Bilal Jarjour
April 12, 2025
Abu Dhabi: 11% decline in the annual profits of insurance companies registered in the market to $ 170.2 million
A recent study of insurance companies listed on the Abu Dhabi Securities Exchange (ADX) in 2024 showed that the combined profits of 14 listed insurance companies decreased by 11% to reach AED 625.3 million (USD 170.2 million), compared to AED 705.9 million in 2023. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
April 12, 2025
UAE: Fintech is transforming the UAE’s insurance sector
Fintech is revolutionizing the insurance industry by fostering data-driven decision-making, improving customer engagement, and encouraging innovation through insure tech as this sector continues to evolve. Source: Al Morakeb
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Bilal Jarjour
April 12, 2025
Southern African insurers hold firm despite claims
Despite the exorbitant claims from insurance companies operating in South African countries for the year 2024, the union of these companies was able, despite all these claims resulting from the life branch and the rest of the branches, especially the hospital ones, to maintain its capital estimated at $ 33.3 billion, which is the highest…
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Bilal Jarjour
April 12, 2025
S&P: Reinsurers to weather tariff-induced market volatility with minimal impact:
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies. Source: Reinsurance News
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Bilal Jarjour
April 10, 2025
Algeria: Insurance sector grows 4.4% and achieves $ 1.35 billion in 2024
Algeria’s insurance sector reached 181.3 billion dinars ($1.35 billion) in 2024, a growth of 4.4% year-on-year, according to a quarterly note issued by the National Insurance Council. Source:آرم
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Bilal Jarjour
April 10, 2025
UAE: Insur Techs address the protection gap
Insur Techs are reshaping the UAE insurance market by addressing critical gaps and driving innovation. Source: Middle East Insurance Review
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Bilal Jarjour
April 10, 2025
Turkey: Premiums in insurance market expected to rise by 35-40% in 2025
The insurance industry is projected to increase total premiums by 35-40% in 2025, as inflation slows, according to data from the Insurance Association of Türkiye. Source: Middle East Insurance Review
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