October 28, 2024
The reinsurance market is constructed to handle events like Helene & Milton, Aon’s Andersen
The reinsurance market is constructed to handle major events like hurricane’s Helene and Milton, according to Eric Andersen, President of global insurance and reinsurance brokerage, Aon. Source: Reinsurance News
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Bilal Jarjour
October 28, 2024
Head of FRA in Egypt: We aim to integrate climate goals within the priorities of non-banking financial institutions
Dr Mohamed Farid, Chairman of the Financial Regulatory Authority in Egypt, participated in the discussion session entitled “Developing carbon markets in Africa: challenges and opportunities”, within the annual meetings of the World Bank Group held in Washington from October 21 to 26, 2024. Source: أموال الغد
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Bilal Jarjour
October 28, 2024
Lebanon: The repercussions of the war knocking on the door of insurance… Why have foreign reinsurers abandoned the Lebanese market?
In Lebanon, a new crisis is looming over the country, threatening its insurance sector after some major European reinsurers have informed Lebanese insurers that they have stopped business with Lebanon. Source: Leb Economy
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Bilal Jarjour
October 25, 2024
KSA: 12M people insured in Saudi Arabia, market size hits SAR 40B
Saudi Health Minister Fahad Al-Jalajel said the private health insurance sector experienced significant growth, with its size reaching SAR 40 billion by the end of 2023. The number of insured people rose by the end of last year to about 12 million from 3 million in 2011, Al-Jalajel added during his speech at the Global Health Exhibition. Source: argaam
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Bilal Jarjour
October 25, 2024
Egypt: Cairo scored highest among 10 cities studied on ability to handle climate risk
Cairo is perceived as the most equipped to handle climate risks among 10 cities surveyed, with over a third of respondents (37%) rating it as “very prepared”, according to a new report by Economist Impact. Source: Middle East Insurance Review
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Bilal Jarjour
October 25, 2024
Algeria: Securities market regulator proposes allowing insurers to act as stock market intermediaries
The Commission for the Organization and Supervision of Stock Market Operations (Cosob), which monitors the securities market in Algeria, has proposed to public authorities to explore the possibility of insurance companies serving as intermediaries in the stock market. Source: Middle East Insurance Review
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Bilal Jarjour
October 25, 2024
Morocco: Regulator and insurance federation propose solution to issue of effective date of travel insurance policies
The Insurance and Social Security Supervisory Authority (ACAPS) has conducted in-depth discussions in consultation with the Moroccan Insurance Federation (FMA) on the implementation of new procedures relating to the effective date of travel insurance policies. Source: Middle East Insurance Review
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Bilal Jarjour
October 24, 2024
Algeria: Securities market regulator proposes allowing insurers to act as stock market intermediaries
In Algeria, the Commission for the Organization and Supervision of Stock Market Operations (COSOB), which monitors the securities market in Algeria, has proposed to public authorities to explore the possibility of insurance companies serving as intermediaries in the stock market. Source: Middle East Insurance Review
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Bilal Jarjour
October 24, 2024
Egypt: Government approves contracting with »e-Health«
In Egypt, the Cabinet approved during its meeting on Wednesday, headed by Dr Mostafa Madbouly, which was held at the government headquarters in the new administrative capital, the contracting of the General Authority for Comprehensive Health Insurance with “e-Health” for the purpose of managing and operating the technological services of the comprehensive health insurance system.…
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Bilal Jarjour
October 24, 2024
Saudi Arabia: the insurance sector expected to grow by 224% by 2030
In Saudi Arabia, the insurance sector is expected to witness significant growth in the coming years, with an estimated annual growth rate of 18%. Source: صحيفة مال
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