January 18, 2024
Record thunderstorm losses and deadly earthquakes: the natural disasters of 2023
Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn). Source: Munich Re
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Bilal Jarjour
January 12, 2024
Egypt: FRA emphasizes the need for insurance companies to accelerate digitization and electronic distribution
Mr Mohamed Farid, Chairman of the Financial Regulatory Authority, affirmed that companies must start preparing the necessary arrangements to maximize the capabilities of the insurance sector and keep pace with changes. Source: Almal
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Bilal Jarjour
January 12, 2024
The Reinsurance market in 2024: the dominant trends
Reinsurers are entering the renewals in better shape than in recent years, which were plagued by the Covid pandemic. Source: Atlas Magazine
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Bilal Jarjour
January 12, 2024
Global reinsurance market: special renewal 2024
In a context of high volatility, the reinsurance market has shown a mixed picture. Source: Atlas Magazine
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Bilal Jarjour
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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