January 3, 2025
Reinsurer returns to remain strong through 2026: Guy Carpenter
With an expected return on equity (ROE) of 17.3% for 2024, reinsurers are projected to remain strong through 2026, with the annual ROE forecasted to consistently exceed the cost of equity. Source: Reinsurance news
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Bilal Jarjour
December 31, 2024
What is Parametric insurance and the reasons for its preference?
The term parametric insurance refers to a type of smart insurance contracts that protect the policyholder against the occurrence of a specific event by paying a predetermined amount based on certain parameters on the size of the event, rather than the size of the losses in the traditional compensation policy. Source: بوابة التامين الاقتصادية
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Bilal Jarjour
December 31, 2024
Egypt: The Egyptian Insurance Federation pushes the sector towards comprehensive digitization
The Egyptian Insurance Federation emphasized in its publication issued today the importance of digital transformation in developing the auto insurance sector, noting that technology has become an essential element in improving the quality of services provided and enhancing transparency. Source: المال
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Bilal Jarjour
December 31, 2024
Losses caused by protests and insurance coverage
Riot insurance is available in insurance companies and covers all types of riots, and the coverage extends to strikes, demonstrations, riots, civil disobedience and arson. Noting that insurance targets all properties, such as cars, shops, commercial complexes, buildings and homes. A representative of the American Insurance Information Institute confirmed that civil unrest is an insurance…
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Bilal Jarjour
December 31, 2024
Global reinsurance capital up 7% to $607bn in 2024: Guy Carpenter, AM Best
Data from Guy Carpenter, the reinsurance broking arm of Marsh McLennan, and ratings agency AM Best, shows that global reinsurer capital has grown by approximately 7% year-on-year, rising from $568 billion in 2023 to a projected $607 billion in 2024, with growth in both traditional and alternative capital. Source: Reinsurance news
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Bilal Jarjour
December 30, 2024
Swiss Re leaders predict key reinsurance trends for 2025
Geopolitical risks, climate challenges, and market dynamics drive innovation and growth (according to Swiss Re). Source: reinsurancebusiness
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Bilal Jarjour
December 30, 2024
Insurances – United Arab Emirates
The insurance market in the United Arab Emirates is projected to reach a market size (gross written premium) of US$9.44bn in 2024. Source: statista
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Bilal Jarjour
December 30, 2024
Lebanon: rates between hospitals and insurance companies increase by 15%
In order to continue offering insured patients high-quality care, hospitals will have to raise their prices with insurance companies by 15% as of January 2, 2025. Source: thisisbeirut
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Bilal Jarjour
December 30, 2024
2025 Global Medical Trends Survey
Rising medical costs in 2025 are driven by advancements in technology and pharmaceuticals, overwhelmed public healthcare systems, and increased private healthcare demand. Source: wtw
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Bilal Jarjour
December 27, 2024
UAE: Insurance premiums jump by 21% to 50.8 billion AED
The Central Bank of the UAE indicated in the economic report for the third quarter of 2024 that the insurance sector in the country continued its growth for this quarter. Source: Al Morakeb
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