June 23, 2026
Munich Re: Cyber Attacks Now the Biggest Global Risk
A recent Risk Scan 2026 report from Munich Re insurance company revealed that cyber-attacks have become the biggest threat to all economic sectors worldwide, surpassing risks like business interruptions and natural disasters, at a time when pressures are increasing due to digital transformation, climate changes, and economic tensions. Source: Al Morakeb
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Bilal Jarjour
June 23, 2026
Middle East tensions could slow listed UAE insurers’ revenue growth to 10%
A resumption of military confrontation in the Middle East could dampen consumer sentiment and slow growth in the UAE, which might hinder insurers’ growth prospects in 2026, said S&P Global Ratings (S&P). Source: Middle East Insurance Review
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Bilal Jarjour
June 23, 2026
Egypt: Takaful insurance premiums rise by 73.3%. and ‘Al-Tijari’ records 9.7 billion pounds in March 2026
The Financial Regulatory Authority revealed strong performance for the insurance sector in Egypt during March 2026, with activity indicators showing notable growth in both commercial insurance and Takaful. Source: المال
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Bilal Jarjour
June 19, 2026
Geopolitical risk perspective on the Iran-US MoU – Implications for insurance and regional stability
From a risk management perspective, the Iran-US MOU should be assessed beyond its immediate political implications. For the insurance industry, the key question is whether this framework creates sustainable regional stability or only provides a temporary reduction in uncertainty, according to Ms Ashwag Alzahrani, an actuary and co-founder of Saudi Arabia’s Risk IQ Consulting. Source:…
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Bilal Jarjour
June 19, 2026
Reuters: Insurance and shipping companies await maritime lane security before resuming full-scale operations
The agreement between Washington and Tehran will not immediately lower insurance premiums. Additionally, clearing mines from the Strait of Hormuz is delaying the return of normal navigation. Source: المال
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Bilal Jarjour
June 19, 2026
Kuwait: “Insurance Regulatory Unit” extends financial reporting deadline until end of august
The Kuwaiti Insurance Regulatory Unit has decided to extend the deadline for submitting financial reports related to the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) until August 31, 2026, instead of May 31, 2026. Source: الراي
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Bilal Jarjour
June 19, 2026
Saudi Arabia: Insurance Authority targets doubling market size to $50 billion
On June 4, the Insurance Authority announced a strategic goal to double the size of the domestic insurance market to reach $50 billion by 2030, compared to its current size of approximately $25 billion. Source: Al Morakeb Group
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Bilal Jarjour
June 15, 2026
Alaa El-Zohairy: The Unified Insurance Law Contributed to Increasing the Minimum Capital
Alaa El-Zohairy, Chairman of the Egyptian Insurance Companies Association, affirmed that the insurance sector in Egypt is experiencing a state of development and rapid growth, pointing out that Cairo hosting the 52nd session of the African Insurance Organization conference reflects Egypt’s leadership and the strength of its economy in the African continent. Source: اليوم السابع
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Bilal Jarjour
June 15, 2026
S&P: Insurers’ capital positions set the stage for ongoing resilience
We anticipate insurers will maintain robust capital positions to mitigate risks stemming from geopolitical instability and financial market volatility. Source: S&P
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Bilal Jarjour
June 15, 2026
Oman: FSA mandates insurers to maintain minimum EV insurance share in motor insurance portfolios
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios. Source: Financial Services Authority
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