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January 13, 2025
Bahrain to increase employer social insurance contributions
The Social Insurance Organization (SIO) announced a 1% increase in employer contributions to mandatory social insurance, effective January 2025. Source: Middle East Insurance Review
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Bilal Jarjour
January 13, 2025
Egypt: Cabinet: Social Insurance Authority’s investments increased by EGP 44.2 billion
In its weekly meeting, the Cabinet reviewed the annual report and final account of the National Organization for Social Insurance for the fiscal year ending on June 30, 2024, as well as the report of the Authority’s investments for the same period, with the aim of following up and reporting on developments. Source: Al Morakeb
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Bilal Jarjour
January 13, 2025
Egypt: Digital Transformations Driving the Future of Life Insurance Industry
The Egyptian Insurance Federation confirmed in its bulletin issued on Wednesday, January 8, 2025, that the life insurance sector is undergoing an unprecedented transformation driven by rapid technological developments, demographic changes, and global economic transformations. Source: المال
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Bilal Jarjour
January 13, 2025
The cost of global disasters is $ 320 billion in 2024
The world’s largest reinsurance group said hurricanes, fires and other disasters caused losses worth $320 billion in 2024, or about a third more than a year earlier, highlighting losses from climate change and real estate development in areas affected by extreme weather. Source: Al Morakeb
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Bilal Jarjour
January 10, 2025
Lebanon: hospitals vs ins companies: will patients pay the 15% difference?
In Lebanon, the hospital sector is witnessing a new struggle, the basis of which is raising hospital fees. The Syndicate of Hospitals announced that this decision would come into effect at the start of the new year, at a 15% rate on the tariffs contracted with each of the insurance companies that expressed their dissatisfaction…
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Bilal Jarjour
January 10, 2025
Dubai: Insurers add dental, mental health coverage as premiums rise up to 20%
Dubai residents and companies will have to shell out up to 20 per cent more for their health insurance but insurers have added some major benefits such as dental, psychiatric, organ transplant and dialysis in the new upgraded packages Source: Khaleej Times
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Bilal Jarjour
January 10, 2025
Life insurance premiums expected to rise globally to $5 trillion by 2035
The Egyptian Insurance Federation revealed that the global life insurance industry is witnessing a remarkable boom, adding that total global life insurance premiums are expected to reach $ 4.8 trillion by 2035, compared to $ 3.1 trillion for 2024, driven by higher interest rates. Source: أموال الغد
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Bilal Jarjour
January 10, 2025
Reinsurance market to remain largely attractive for buyers and sellers in 2025
Global broking group Aon expects the reinsurance market to remain largely attractive for both buyers and sellers of protection in the months ahead, but has called on reinsurers to demonstrate their value as they target top line growth. Source: Reinsurance News
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Bilal Jarjour
January 8, 2025
Algeria: Insurance sector records 4.9% growth in 9 months
Algeria’s insurance sector recorded a rise in turnover to 131.7 billion dinars (about $970 million) in the first nine months of 2024, thanks to the emerging “Takaful” insurance activity, according to an official in the sector. Source: ارم
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Bilal Jarjour
January 8, 2025
Morocco: Regulator studies launching compulsory home insurance
The Insurance and Social Security Supervisory Authority in Morocco is currently conducting a feasibility study on the introduction of mandatory home insurance. Source: Middle East Insurance Review
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