August 18, 2026
Oman: Omani insurance companies increase profits by 5% to OMR 20.9 million in the first half
Net profits of insurance and Takaful companies listed on the Muscat Stock Exchange rose by 5% during the first half of 2026, reaching approximately OMR 20.9 million—up from OMR 19.9 million during the same period last year—despite pressures stemming from rising claims, particularly in property and motor insurance. Source: Daily8
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Ahmad Zein
August 18, 2026
Saudi Arabia: Insurance Authority Launches Mandatory Insurance for Crowded Venues
The Saudi Insurance Authority, in collaboration with the General Directorate of Civil Defence, has launched a mandatory cooperative third-party liability insurance policy for crowded venues and high-risk activities. This initiative aims to enhance protection for visitors and patrons while supporting the ability of establishments to manage the financial impact of accidents. Source: Al Morakeb
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Ahmad Zein
August 13, 2026
GCC: Islamic insurers’ earnings projected to improve this year
The Gulf Cooperation Council (GCC) region is projected to expand in 2026 and generate earnings that will exceed 2025 levels but remain volatile and below 2023-2024 levels, says S&P Global Ratings (S&P). Source: Middel East Insurance Review
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Bilal Jarjour
August 13, 2026
UAE: 512 million dirhams in compensation from “Unemployment Insurance”
The Ministry of Human Resources and Emiratization revealed pioneering achievements and outstanding results achieved by the social protection system for workers in the labor market in securing their financial entitlements and raising their awareness during the first half of 2026. Source: Al Morakeb
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Bilal Jarjour
August 13, 2026
Best’s Market Segment Report: Strengthened by Hard-Market Years, Global Reinsurance Segment Reaches an Inflection Point
The global reinsurance segment is at a critical inflection point as reinsurers’ strong earnings since 2023 have driven robust capital generation. Source: AM Best
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Bilal Jarjour
August 13, 2026
Saudi Arabia: Recovery broadens, but market leadership remains highly concentrated
The preliminary results of the Saudi insurance market for the first half of this year suggest that the sector is gradually moving beyond the difficult conditions experienced throughout 2025, according to BADRI Management Consultancy, an international actuarial and risk management firm. Source: Middle East Insurance Review
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Bilal Jarjour
August 10, 2026
Turkiye: Regulator overhauls surety insurance rules wef 1 Jan 2027
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has redefined the procedures and principles regarding risk acceptance and management in surety insurance. Source: Middle East Insurance Review
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Bilal Jarjour
August 10, 2026
Egypt: Insurance claims decline by 3.7% to EGP 23.24 billion
In Egypt, the monthly report issued by the Financial Regulatory Authority (FRA) stated that insurance companies paid EGP 23.239 billion in claims during the first 5 months of year 2026, compared to approximately EGP 24.138 billion during the corresponding period in 202; a decline of 3.7%. Source: أموال الغد
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Bilal Jarjour
August 10, 2026
Kuwait: Insurance Regulatory Unit compels companies to update risk assessments
The Acting Vice President of the Insurance Regulatory Unit, Abdullah Al-Fahad, issued circular no 17 of year 2026, regarding the national risk assessment reports, directing all insurance companies and entities subject to the Unit’s supervision to make use of the published reports. Source: الراي
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Bilal Jarjour
August 10, 2026
Saudi Arabian Insurers – Peer Credit Analysis
Saudi insurers’ ratings are mainly driven by company profile, capitalization and earnings. Capitalization is generally strong and underwriting is recovering in 2026, supporting improved profitability across most peers. Source: Fitch Ratings
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