January 21, 2025
MENA: 2025 Outlook stable on growth and reforms despite geopolitics
Moody’s Ratings: The outlook for credit fundamentals for sovereigns in the Middle East and North Africa (MENA) remains stable. Source :Middle Insurance Review
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Bilal Jarjour
January 18, 2025
Egypt: A big boom in the insurance sector in the new year
Dr. Mohamed El-Maghraby, economist and financial expert and president of Public Partners, predicted that the Egyptian insurance market will witness a remarkable boom during the new year 2025. He pointed out that these expectations are built with the entry of technology in the insurance sector and the electronic issuance of insurance policies in various insurance…
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Bilal Jarjour
January 18, 2025
California fires the biggest damage to insurance companies comes from rising building and real estate prices
According to the international rating agency Standard & Poor’s, insurance companies are facing significant losses in areas affected by the Los Angeles fires due to the rise in real estate and building prices, including furniture and furnishings. Preliminary estimates by the aforementioned classification agency showed that the cost ranges between 10 and 15 billion US…
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Bilal Jarjour
January 18, 2025
Cyber Insurance Market to Expand as Risks Evolve
While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Source: Insurance Journal
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Bilal Jarjour
January 18, 2025
Fitch Ratings: Reinsurer profits to be resilient in 2025 despite lower renewal prices
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January. Source: Fitch Ratings
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Bilal Jarjour
January 16, 2025
Oman: Signing a Memorandum of Understanding in the field of insurance and social protection
In Muscat, a Memorandum of Understanding in the field of insurance and social protection was signed between the Social Insurance Organization in the Kingdom of Bahrain and the Social Protection Fund in the Sultanate of Oman. Source: Bahrain News Agency
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Bilal Jarjour
January 16, 2025
Egypt: Partnership between the Financial Regulatory Authority and the Ministry of Justice to exchange practical experiences in the “unified insurance” law
The Financial Regulatory Authority, in partnership with the Ministry of Justice, organized a two-days interactive workshop for judges and advisors of economic courts, focusing mainly on the insurance sector in light of the issuance of the Unified Insurance Law No 155 of year 2024. Source: بوابة الأهرام
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Bilal Jarjour
January 16, 2025
Egypt: The Financial Supervisory Authority intends to approve amendments that allow private insurance funds to expand and become more inclusive
The Chairman of the Financial Regulatory Authority revealed the approval of amendments and regulations that will allow private insurance funds to expand and inclusiveness for larger categories of various business sectors. Source:اموال الغد
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Bilal Jarjour
January 16, 2025
Tracking the damage and devastation from the Los Angeles wildfires in maps
Entire neighborhoods burned to the ground. Dozens of casualties after people either couldn’t leave, or chose not to flee their homes. The Los Angeles wildfires of 2025 have left incredible devastation in their wakes. Source: CNN
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Bilal Jarjour
January 15, 2025
Tunisia: Lawmakers plan for introduction of insurance against loss of employment
Tunisia is actively working on a law to introduce a system of insurance against the loss of employment due to economic reasons. Source: Middle East Insurance Review
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