June 13, 2024
Best’s Market Segment Report: AM Best Revises Outlook for Global Reinsurance Industry to Positive
AM Best has revised its market segment outlook for the global reinsurance segment to positive from stable, citing robust profit margins along with higher attachment points and tighter terms and conditions that followed a period of drastic repricing. Source: AM Best
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Bilal Jarjour
June 10, 2024
In Morocco, ACAPS publishes its strategic plan 2024-2026
The Supervisory Authority of Insurance and Social Welfare (ACAPS) announced its third strategic plan for 2024-2026. Source: ACAPS
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Bilal Jarjour
June 10, 2024
Analysis: Listed UAE insurance firms can expect major Q2 losses post floods
Listed insurance companies in the UAE are expected to see losses this quarter following unprecedented rainfall, which led to floods in the emirates last month and left them heavily impacted. Source: Zawya
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Bilal Jarjour
June 10, 2024
Aon: Q1 2024 Global insurance market insights report
Positive performance in 2023 fueled insurer growth ambitions but underwriting remained disciplined. Source: Aon
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Bilal Jarjour
June 10, 2024
Global: health & medical insurance market set to surge to $3.4 trillion by 2028
Health and medical insurance aren’t just important; they’re essential worldwide. Events like COVID-19, the Ukraine-Russia war, and the increase in diseases due to sedentary lifestyles are driving market growth. Source: bccResearch
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Bilal Jarjour
June 5, 2024
Middle East: Insurance market softens in 1Q
Insurance market conditions were generally on a softening trend in the first quarter of this year, with most risks experiencing price reductions, underwriting flexibility and sufficient (and increasing) capacity in a competitive market environment. Source: Middle East Insurance Review
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Bilal Jarjour
June 5, 2024
Egypt: with a growth rate of 21%… insurance companies achieve premiums exceeding 22 billion pounds within 3 months
Insurance companies operating in the Egyptian market achieved a total collected premiums of 22.046 billion pounds during the first quarter of year 2024, compared to 18.215 billion pounds during the same period of year 2023, with a growth rate of 21%, according to the monthly reports issued by the Financial Supervisory Authority. Source: أموال الغد
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Bilal Jarjour
June 5, 2024
Takaful market sees huge jump in contributions in 1Q2024
Takaful contributions in Egypt jumped by 56.4% during the first quarter of this year to reach EGP2.8bn ($747m), compared to EGP1.8bn during the corresponding period in 2023, according to a report released by the Financial Regulatory Authority (FRA) on non-banking financial activities. Source: Middle East Insurance Review
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Bilal Jarjour
June 5, 2024
Moody’s: The rise of private credit in life insurers’ investment strategies
The growing use of private credit by life insurers to optimize investment portfolios and align asset allocation with product liabilities is garnering heightened attention from regulators globally, including those highlighted in a recent report by financial research firm, Moody’s. Source: Reinsurance News
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Bilal Jarjour
June 3, 2024
Global: Allianz Insurance Report 2024: Transformative years ahead for the insurance sector
According to the Allianz Global Insurance report, the global insurance industry grew by an estimated 7.5% in 2023, clocking the fastest growth since 2006. Source: Allianz
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