January 27, 2025
Qatar: Executive Regulations of the Social Insurance Law Enhance Transparency and Efficiency
The Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, has approved the issuance of the executive regulations for Social Insurance Law No. 1 of 2022. These regulations represent a significant milestone in organizing and advancing the social insurance system in the country. Source :بوابة التامين
Read morePOSTED BY
Bilal Jarjour
January 27, 2025
Turkiye: Market growth registers 72.5% in 2024
Life and non-life insurance business in Turkiye registered notable growth rates in the past year, while participation insurance continues to record impressive growth rates. Source :Middle East Insurance Company
Read morePOSTED BY
Bilal Jarjour
January 27, 2025
2024 is the third most expensive year for the insurance market.
According to the German reinsurer Munich Re, the economic losses caused by natural disasters that occurred in 2024 amounted to $ 320 billion compared to $ 268 billion in 2023. The cost of insured losses rose from $106 billion in 2023 to $140 billion a year later, making 2024 the third most expensive year for…
Read morePOSTED BY
Bilal Jarjour
January 25, 2025
Lebanon: insurance premiums will rise and the “conflict” is raging with hospitals
The conflict is raging between insurance companies and hospitals over the 15% that the Syndicate of Hospitals wants to increase on insurance companies’ bills starting from February 1, as announced in a prior statement. Source: IMLebanon
Read morePOSTED BY
Bilal Jarjour
January 25, 2025
Egypt: The Financial Supervisory Authority amends the dates of the fiscal year for insurance funds and companies to comply with the unified law
The Board of Directors of the Financial Regulatory Authority (FRA), headed by Dr. Mohamed Fareed, issued Resolutions No. 256 and 273 of 2024, to amend the dates of the beginning and end of the fiscal year for private insurance funds and insurance and reinsurance companies. This decision comes in the context of completing the rules…
Read morePOSTED BY
Bilal Jarjour
January 25, 2025
Saudi Arabia: Insurer uses personalized care and advanced tech for customer service
Saudi Arabia insurer Wataniya Insurance is delivering exceptional car insurance solutions to its customers through a customer-first approach. Source :Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
January 25, 2025
Egypt: Financial Supervision Authority raises maximum insurance coverage for microinsurance to EGP 250k
The Financial Regulatory Authority (FRA) has announced a new decision to raise the maximum insurance coverage for microinsurance activity by 25% to reach EGP 250k. This decision is based on Article (37) of the Unified Insurance Law. Source :المال
Read morePOSTED BY
Bilal Jarjour
January 23, 2025
Iraq: The Iraqi government requires “health insurance” to grant entry visas to the country
The Iraqi Council of Ministers decided to require a health insurance document to grant entry visas to the country Source: Al Morakeb
Read morePOSTED BY
Ahmad Zein
January 23, 2025
Morocco: Regulators explore compulsory homeowner’s insurance
The Supervisory Authority of Insurance and Social Welfare has commissioned ARM Consultants to carry out a study on making homeowner’s insurance compulsory in Morocco. Source: Middle East Insurance Review
Read morePOSTED BY
Ahmad Zein
January 23, 2025
Launching the “Insur Grow” program to develop insurance products in the Egyptian market
The Egyptian Insurance Federation revealed the launch of “InsurGrow” program to support leading insurance companies in Egypt and to develop their products, establish new distribution channels, acquire more customers, build strategic partnerships, and improve the operational environment. Source: اموال الغد
Read morePOSTED BY