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November 29, 2024
Egypt: The Financial Supervisory Authority approves granting Standard Chartered Bank a license to work as a custodian
The Financial Regulatory Authority (FRA), headed by Dr. Mohamed Farid, has approved the granting of a license to Standard Chartered Bank to practice the activity of custodians. Source: رجال الاعمال
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Ahmad Zein
November 28, 2024
Lebanon: are reinsurance companies stopping business in Lebanon?
In light of the Israeli aggression on Lebanon and the security situation, Lebanese insurance companies are experiencing difficulties, with the possibility that reinsurance companies could stop working with them. Source: Lebanon Economy
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Ahmad Zein
November 28, 2024
Morocco: Insurance industry embraces digitalization
The Moroccan insurance sector is reinventing itself by accelerating digital transformation and increasing use of artificial intelligence. Source: Middle East Insurance Review
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Ahmad Zein
November 28, 2024
UAE: Insurance market expected to expand by up to 8% this year
Total written premiums in the UAE are expected to grow by up to 8% in 2024 to more than AED57.7bn, compared to AED53.4bn in 2023. Source: Middle East Insurance Review
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Ahmad Zein
November 28, 2024
Egypt: Chairman of the Financial Regulatory Authority stresses the importance of data in improving insurance services
The Chairman of the Financial Regulatory Authority stressed the importance of providing and controlling statistical data to support the insurance sector and achieve its objectives, pointing out that the lack of such data is a major challenge that affects the accuracy of risk assessment and determining the prices of insurance coverages. Source: المال
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Ahmad Zein
November 21, 2024
Global Takaful insurance market forecast for 2032
A report published by research firm Market Research Future suggests that the Takaful insurance sector will generate a turnover of 85.38 billion USD in 2032, against 38.02 billion USD in 2023. The average annual growth rate over the period is estimated at 9.41%. Source: Atlas Magazine
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Ahmad Zein
November 21, 2024
Jordan: JOIF values the Prime Minister’s decision to exempt vehicles which licenses have expired for more than one year from fines
The Jordan Insurance Federation welcomed the Prime Minister’s decision to exempt vehicles which licenses have expired for more than one year from fines in its session held on Tuesday 19/11/2024. Source: أخبار البلد
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Ahmad Zein
November 21, 2024
Palestine: Ins companies’ profits rise by 40% to $7 million in 9 months
In Palestine, the profits of insurance companies listed on the Palestine Exchange rose by 40% during the third quarter of year 2024, compared to the same period of last year. Source: الاقتصادي
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Ahmad Zein
November 21, 2024
Morocco: Regulator to reassess mutual insurance to promote universal health coverage
In Morocco, the Insurance and Social Welfare Supervisory Authority (ACAPS) has decided to carry out a strategic study to reassess and modernise the mutual insurance sector in Morocco. Source: Middle East Insurance Review
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Ahmad Zein
November 20, 2024
Lebanon: A first-time program to cover emergency services
The Lebanese Minister of Public Health, Dr Firas Abiad, launched a new first-time program to cover emergency primary health care services that do not require hospitalization. Source: Al Morakeb group
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