January 30, 2024
Number Of Billion-Dollar Disasters In 2023 Highest On Record: Aon Report
Aon published its 2024 Climate and Catastrophe Insight report, which identifies global natural disaster and climate trends to help make better decisions to manage volatility and enhance global resilience. Source: Artemis
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Bilal Jarjour
January 30, 2024
Reinsurers face challenges in 2024 amidst changing market dynamics: Morgan Stanley
According to insights gathered by Morgan Stanley, reinsurers experienced a pullback towards the end of 2023, prompting investors to scrutinise the factors that could drive the industry beyond the highs of the previous year. Source: Reinsurance News
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Bilal Jarjour
January 25, 2024
Qatar delays LNG shipments to Europe amid Red Sea conflict, Bloomberg News says
Qatar, one of the world’s biggest liquefied natural gas exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times, Bloomberg News reported. Source: Naturalgasworld
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Bilal Jarjour
January 25, 2024
Saudi Arabia: Health insurance branch drives industry growth in first 3 quarters of 2023
Saudi insurance companies saw a 22% increase in gross written premiums, totalling SAR48.96bn ($13.05bn) for the nine months ended 30 September 2023, compared to the corresponding period in 2022. Source: Middle East Insurance
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Bilal Jarjour
January 25, 2024
Geneva Association: Climate Tech for Industrial Decarbonisation: What role for insurers?
A report prepared by the Geneva Association examines the climate tech landscape and identifies potential opportunities for the re/insurance industry in this space. Source: Geneva Association
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Bilal Jarjour
January 25, 2024
Moody’s changes outlook on Egypt to negative, affirms Caa1 ratings
Moody’s Investors Service (Moody’s) has changed the outlook on Government of Egypt to negative from stable and affirmed the Caa1 long-term foreign and local currency issuer ratings. Source: Moody’s
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Bilal Jarjour
January 23, 2024
The Saudi insurance sector grows by 22%, with focus on health as a key driver
Saudi insurance companies witnessed a 22% increase in the total premiums underwritten, reaching a total of 48.96 billion Saudi Riyals (13.05 billion dollars) for the nine months ending in September 2023, exceeding the same period of the previous year. Source: banker
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Bilal Jarjour
January 23, 2024
Egypt: FRA: ins cos pay 3.3 bn EGP as claims during last October
In Egypt, the Financial Regulatory Authority announced an increase in the value of insurance claims paid by insurance companies to their clients during the month of October 2023 by 56% on annual basis.Top of Form Source: Elbalad.news
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Bilal Jarjour
January 23, 2024
Egypt: Tender exercise launched for insurance cover for 2024 Olympic participants
Four insurance companies are vying to provide accident insurance coverage to sports personnel who will be participating in the 2024 Paris Olympics. Source: Middle East Insurance Review
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Bilal Jarjour
January 23, 2024
Insurers shun many ships carrying goods through the Red Sea as attacks continue
CNN – A growing number of insurers are refusing to cover American and British vessels against war risks in the key commercial shipping corridor through the Red Sea as attacks from Houthi rebels continue. Source: CNN
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