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January 12, 2024
Best’s review: guide to understanding the ins. industry
AM best has published its monthly insurance magazine (volume 125 / Issue 1 / January 2024). Source: AM Best
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Bilal Jarjour
January 5, 2024
Best’s Commentary: AM Best Issues FAQ on IFRS 17 and Credit Rating Considerations
As more insurance markets transition to the IFRS 17 accounting standard, a new AM Best commentary addresses frequently asked questions about the rating agency’s treatment of IFRS 17 data and clarifies how the accounting regime change is factored into the credit rating process. Source: AM Best
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Bilal Jarjour
January 5, 2024
Creating new markets by Aon
From carbon capture to intellectual property to social mobility, ten transformative trends are shaping the future risk landscape. The Aon research indicates reinsurers can capitalize on $200+ billion of market potential by 2030. Source: Aon
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Bilal Jarjour
January 5, 2024
Egypt: Several insurance branches to see price increases in 2024
Insurance companies expect medical insurance prices to rise by at least 10% in 2024 year due to high inflation and exchange rate changes. To read more, please click here. Source: Middle East Insurance Review
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Bilal Jarjour
January 5, 2024
The Saudi insurance sector grew by 14.6% in Q3 of year 2023
The Insurance Authority released its first report on the performance of the insurance market in Saudi Arabia for the third quarter of year 2023, highlighting the developments and results of the sector during that period. Source: Alarabiya
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Bilal Jarjour
December 29, 2023
Insured losses by Swiss Re
Insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re Institute estimates. Source: Swiss Re
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Bilal Jarjour
December 29, 2023
Saudi Arabia: Insurance industry report Q3 2023
The insurance industry report pertaining to the Saudi market for quarter three year 2023 was released by SHMA Consulting. Source: Shmaglobal
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Bilal Jarjour
December 29, 2023
Ins premiums in Egypt reached 19.2 billion EGP during Q3 2023
In Egypt, the total insurance premiums in the period from July to September of the current year reached around 19.2 billion pounds, compared to approximately 14.5 billion pounds during the same period in year 2022, a growth of 32.1%. Source: Almalnews
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Bilal Jarjour
December 29, 2023
Egypt: Ins companies will begin implementing the IFRS next year
Dr Islam Azzam, Vice President of the Financial Regulatory Authority, said that year 2024 will witness insurance companies applying international financial reporting standards to strengthen companies’ competitiveness and increase the level of financial stability. Source: Amwal Al Ghad
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Bilal Jarjour
December 7, 2023
Swiss Re: In 5 charts: cautious insurance outlook in challenging economic market
We expect high inflation, natural catastrophe losses and financial market losses to put pressure on the global insurance industry this year. (by Swiss Re) Source: Swiss Re
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