May 27, 2024
Political Risk Survey Report 2024 by WTW (UK)
In the UK, Willis Towers Watson released its 2024 Political Risk Survey which discusses how companies are managing rising geopolitical challenges. Source: WTW
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Bilal Jarjour
May 24, 2024
UAE rains: 12 years’ worth of car insurance claims made within few days in April
In the UAE, the record-breaking weather disruption last month has also resulted in a record-setting number of car insurance claims. Source: Khaleej Times
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Bilal Jarjour
May 24, 2024
Egypt: Maait: President Sisi directed in the new budget to expand the umbrella of “universal health insurance” in the governorates
Dr Mohamed Maait, Minister of Finance and Chairman of the Universal Health Insurance Authority (UHIA), confirmed that President Abdel Fattah El-Sisi, in the new budget, directed the expansion of the umbrella of “universal health insurance” in the governorates. Source: بوابة الأهرام
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Bilal Jarjour
May 24, 2024
Kuwait: 305 million dinars as outstanding claims under settlement
In Kuwait, official figures, obtained by Al-Anba, showed that the total insurance outstanding claims under settlement in insurance companies amounted to 305.17 million dinars. Source: أرقام
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Bilal Jarjour
May 24, 2024
Arab countries: rise of investment ins to more than $3 billion in 2023
The Arab Investment & Export Credit Guarantee Corporation (Dhaman) announced that the total value of insurance operations related to trade, investment and finance for Arab countries increased by 3% to more than 3 billion dollars in year 2023. Source: العربية
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Bilal Jarjour
May 22, 2024
UAE: 61% increase in insurance premiums through brokers in DIFC in 2023
In the UAE, the insurance premiums collected through brokerage firms in Dubai International Financial Center during the year 2023 increased by 61% on an annual basis, exceeding $2 billion, out of $2.6 billion as total written premiums las year. Source: أرقام
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Bilal Jarjour
May 22, 2024
Saudi Arabia: the insurance sector profits jumped by more than 50% in Q1
According to Maaal, the insurance companies listed in the Saudi financial market recorded a jump of more than 50% in net profits at the end of Q1 of year 2024, compared to the same period of last year. Source: صحيفة مال
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Bilal Jarjour
May 22, 2024
Algeria: agricultural disaster insurance scheme to be launched shortly
The Caisse Nationale de Mutualité Agricole (CNMA), which dominates the agricultural insurance market, is preparing to launch “very soon” a product covering crops for climate change risks, such as drought and floods. Source: Middle East Insurance Review
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Bilal Jarjour
May 22, 2024
Egypt: the Parliament approves the unified insurance law
In Egypt, the Parliament finally approved, during its plenary session held on Monday 20/5/2024, chaired by Counselor Dr Hanafi Jabali, the unified insurance law. Source: أموال الغد
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Bilal Jarjour
May 18, 2024
Morocco: Takaful business gains momentum
Takaful generated contributions amounting to MAD65.9m ($6.58m) in the year 2023, according to the Insurance and Social Welfare Supervisory Authority (ACAPS). Source: Middle East Insurance Review
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