August 20, 2026
ME conflict: Marine insurers restrict war risk coverage in the Red Sea and Gulf of Aden
Marine insurers have introduced new measures to restrict war risk coverage for ships operating in parts of the Red Sea, the Gulf of Aden and the Indian Ocean. Source: Middle East Insurance Review
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Bilal Jarjour
August 20, 2026
The average insurance rates for ships passing through the Strait of Hormuz are around 10%
The insurance rates offered against the risks of maritime war for passage through the Strait of Hormuz are still around 10%. Source: Al Morakeb
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Bilal Jarjour
August 19, 2026
Jordan: Insurance premiums increase by 9.5% in 1H2026
Jordan’s insurance sector reported encouraging growth for the first half of the year, supported by notable increases in medical and life insurance businesses. Source: Middle East Insurance Review
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Bilal Jarjour
August 19, 2026
Saudi Arabia: Saudi Insurance Sector Premiums Reach SAR 84.3 billion in 2025, Up 10.7%
The Saudi insurance sector continued its growth in 2025, with total written premiums rising to approximately SAR 84.3 billion—an increase of 10.7% compared to the previous year—according to data from the Saudi Insurance Authority Source: المال
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Bilal Jarjour
August 19, 2026
UAE: Insurance premiums rise 14.9% to AED 74.8 billion in 2025
On August 17, 2026, the Central Bank of the UAE released its Financial Stability Report for 2025, revealing that total written insurance premiums in the UAE market rose by 14.9% year-on-year, reaching approximately AED 74.8 billion. Source: Al Morakeb
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Bilal Jarjour
August 19, 2026
Kuwait: Listed Insurance Companies Post KD 50.5 million in First-Half Profits
Financial results for insurance companies listed on the Kuwait Stock Exchange for the first half of 2026 show the sector’s combined profits reaching approximately KD 50.5 million, compared to KD 44.98 million during the same period in 2025—marking a growth of 12.25 percent, or KD 5.51 million. Source: Al Morakeb
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Bilal Jarjour
August 18, 2026
Kuwait: The insurance sector has witnessed significant changes in the legislative and regulatory environment
Sami Sharif, CEO of Kuwait Insurance Company, said that the insurance sector has seen significant changes in the legislative and regulatory environment in recent years. It’s no longer just about a new law being issued every so often; we are now facing a rapid flow of laws, regulations, decisions, and circulars, accompanied by concepts and…
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Ahmad Zein
August 18, 2026
Turkiye: 42% of residential properties lack compulsory earthquake insurance
Although the Turkish Catastrophe Insurance Pool (DASK) has been working for over 25 years to increase the rate of mandatory earthquake insurance, approximately half of the homes across Turkiye are uninsured. Source: Middle East Insurance Review
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Ahmad Zein
August 18, 2026
Oman: Omani insurance companies increase profits by 5% to OMR 20.9 million in the first half
Net profits of insurance and Takaful companies listed on the Muscat Stock Exchange rose by 5% during the first half of 2026, reaching approximately OMR 20.9 million—up from OMR 19.9 million during the same period last year—despite pressures stemming from rising claims, particularly in property and motor insurance. Source: Daily8
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Ahmad Zein
August 18, 2026
Saudi Arabia: Insurance Authority Launches Mandatory Insurance for Crowded Venues
The Saudi Insurance Authority, in collaboration with the General Directorate of Civil Defence, has launched a mandatory cooperative third-party liability insurance policy for crowded venues and high-risk activities. This initiative aims to enhance protection for visitors and patrons while supporting the ability of establishments to manage the financial impact of accidents. Source: Al Morakeb
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