April 17, 2024
MEA: insurance companies increase their prices in anticipation of risks in the region
The World Bank said that there are indications that insurance companies are resorting to increasing insurance prices and risk premiums resulting from the war that Israel is waging against the Palestinians in Gaza. They included clauses in the contracts that allow them cancellation in anticipation of the repercussions of escalation in the region. Source: العربي…
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Bilal Jarjour
April 17, 2024
Jordan: The government approves the JIF bylaws
In Jordan, the Government, in its session held on Sunday 14/4/2024, chaired by Prime Minister Bisher Al-Khasawneh, approved the bylaws of the Jordan Insurance Federation for the year 2024. Source: المملكة
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Bilal Jarjour
April 17, 2024
UAE insurance market: 2023 results
The Central Bank of the United Arab Emirates (CBUAE) has published preliminary data on the local insurance market for the 2023 financial year. Source: Atlas Magazine
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Bilal Jarjour
April 17, 2024
Top GCC insurers’ revenue surges 19pc to $32bn in FY2023
The price increases, regulatory enforcement as well as merger and acquisition (M&A) activity and the favourable economic conditions have boosted the insurance revenue of 76 listed insurers in GCC for a second consecutive year in FY 2023, according to a report by research and consulting practice Insurance Monitor in association with Lux Actuaries and Consultants.…
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Bilal Jarjour
April 13, 2024
Climate Tech and Insurance
Affordable insurance solutions are a prerequisite to attracting sufficient investment in climate technologies and deploying them widely. Assessing and mitigating the risks involved in projects are, in turn, key to developing such solutions. Source: The Geneva Association
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Bilal Jarjour
April 13, 2024
Algerian insurance market
2023’s turnover per class of business in the below source: Source: Atlas Magazine
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Bilal Jarjour
April 13, 2024
Egypt: the Senate will resume its plenary sessions next Monday to discuss health insurance challenges
The Senate will resume its activity by holding sessions on 15 and 16 April 2024, where the agenda includes ratifying the minutes of the previous sessions, and putting forward a group of requests for general discussion, including discussing the government’s policy regarding the challenges facing the comprehensive health insurance scheme. Source: الشروق
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Bilal Jarjour
April 13, 2024
Egypt: Fire insurance is a basic requirement set by the “Construction law”
In Egypt, the “Construction law” specified a number of requirements and guarantees to insure buildings against fire and accidents, and to protect real estate against risks. Source: اليوم السابع
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Bilal Jarjour
April 9, 2024
UAE ranked first in Fitch Composite Country Risk Index in 2023
The UAE ranked first in the Arab world on the Fitch Composite Risk Index in 2023, according to the Arab Investment and Export Credit Guarantee Corporation (Daman). Source Al Joumhouriah
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Bilal Jarjour
April 9, 2024
Algeria -Insurance: Prospects seen as upbeat for takaful business
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law. Source: Middle East Insurance Review
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