March 3, 2026
GCC: War triggers war-risk policy cancellations and premium rates surges
The war that broke out in the Gulf region, following US and Israeli strikes on Iran, has led insurers to cancel war risk covers and raise premiums for vessels sailing in the region and transiting the Strait of Hormuz. Source: Middel East Insurance Review
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Bilal Jarjour
March 3, 2026
Reinsurers likely to raise prices & reduce capacity in the Gulf amid Iran conflict
The Iran conflict adds to a series of recent geopolitical crises that have already pressured marine and aviation insurers’ profitability, with Morningstar DBRS stating that reinsurers are likely to respond by raising attachment points or reducing capacity, increasing retention for primary carriers. Source: Reinsurance News
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Bilal Jarjour
March 3, 2026
Expected increase in demand for aviation insurance due to the war
Insurance companies anticipated a rise in demand for ‘aviation’ policies, amid expectations of increased reliance on air cargo following the outbreak of the war against Iran. Source: المال
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Bilal Jarjour
March 3, 2026
Bloomberg: Global Insurance Companies Withdraw from Covering Iran War Risks
Bloomberg reported that more than half of the world’s largest marine insurance associations will stop covering war risks for ships entering the Arabian Gulf starting next Thursday. Source: المال
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Bilal Jarjour
February 27, 2026
Egypt: Insurance Federation Identifies Major Global Risks for 2026 and Develops Strategies to Strengthen the Market
The Egyptian Insurance Federation has issued a comprehensive report on the major global risks expected in 2026, aiming to enhance the Egyptian market’s preparedness to address these challenges. Source:الدستور
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Bilal Jarjour
February 27, 2026
Saudi Arabia: The Insurance Authority monitors 2,000 violations and imposes fines of 25 million riyals in 2025
The Insurance Authority announced that it monitored more than 2,000 violations during 2025, related to breaches of supervisory and regulatory instructions, cybersecurity, and customer protection. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
February 27, 2026
Jordan: Lawmakers move closer to enacting Kingdom’s first insurance law
The House of Representatives has approved, by majority vote 12 articles of the 2025 Insurance Contracts Law Bill, as submitted by the government, out of a total of 101 articles in the draft legislation. Source: وكالة الأنباء الأردنية
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Bilal Jarjour
February 27, 2026
Tunisia: Insurance market sees 11.4% jump in topline performance in 2025
Insurance companies in Tunisia reported double-digit growth in 2025, on the back of strong performance in the life insurance segment, which currently accounts for over one third of the total market. Source: Middle East Insurance Review
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Bilal Jarjour
February 25, 2026
Kuwait: New Regulatory Reforms Support the Kuwaiti Insurance Sector
Fitch Ratings stated that the requirement by Kuwait’s Insurance Regulatory Unit (IRU) for insurance and reinsurance companies to obtain a minimum credit rating would enhance market confidence in their financial strength and support further development of the sector. Source: Al Morakeb
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Bilal Jarjour
February 25, 2026
Oman at the forefront of GCC’s first compulsory motor Nat CAT cover scheme
Oman has introduced natural catastrophe coverage in compulsory third-party motor insurance policies – the first such initiative in the Gulf Cooperation Council (GCC) region. Source: Middle East Insurance Review
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