July 11, 2026
Kuwait: the “Insurance Regulatory Unit” issues a circular regarding anti-money laundering and combating the financing of terrorism requirements
The Kuwaiti Insurance Regulatory Unit issued the circular no 14 of year 2026 regarding the obligations that entities subject to anti-money laundering and combating the financing of terrorism rules must comply with. Source: معلومات مباشر
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Bilal Jarjour
July 11, 2026
Risk of supply shocks from ME conflict likely to remain elevated, with specialty lines most directly exposed
The Middle East conflict that dominated the first half of 2026 represents the fourth major supply shock to the global economy in the past six years, according to Swiss Re. Source: Middle East Insurance Review
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Bilal Jarjour
July 8, 2026
Egypt: Insurance federation calls for alignment with national strategies to foster growth
The Insurers Federation of Egypt (IFE) has emphasized that the insurance sector is a cornerstone of economic and financial stability. Moving beyond its traditional role of merely compensating for losses, the sector acts as a key driver of economic development and risk mitigation at both the macro and micro levels. Source: Middle east Insurance Review
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Bilal Jarjour
July 8, 2026
Turkiye: Police smash $4.3m fake accident insurance racket, 240 suspects identified
The Turkish authorities have busted a criminal organization based in Izmir, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) through fake traffic accidents. Source: Middle East Insurance Review
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Bilal Jarjour
July 8, 2026
Mid-year 2026 casualty reinsurance demand flat as favorable pricing conditions persist: Aon
Aon, Report for the mid-year 2026 renewals that casualty reinsurance demand remained broadly flat, while pricing conditions stayed favorable across both US and international markets amid rising capacity and sustained competition. Source: Reinsurance News
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Bilal Jarjour
July 8, 2026
Global insurance companies’ assets rise to $42 trillion by the end of 2024
The Egyptian Insurance Federation confirmed in its weekly bulletin that the total assets of global insurance companies increased by 3% to reach around $42 trillion by the end of 2024, reflecting the growing role of the sector in supporting financial markets and financing long-term investments. Source: المال
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Bilal Jarjour
July 6, 2026
Saudi insurance sector to extend gains in next 2 years: S&P Global
S&P Global Ratings expects the Saudi insurance market to continue its profitability trajectory over the next two years, despite the gap projected to persist between small and large-cap insurance firms. Source: argaam
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Bilal Jarjour
July 6, 2026
Egypt: More actuaries and brokers in insurance market
The number of actuaries in Egypt reached 50 individuals as of 31 March 2026, compared to 46 experts compared to 12 months previously, according to the Financial Regulatory Authority’s report on the technical performance of non-banking financial activities. Source: Middle East Insurance Review
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Bilal Jarjour
July 6, 2026
War-risk insurance premiums for Gulf shipping set to stabilise after US-Iran ceasefire
Underwriters are taking a cautious approach after weeks of geopolitical tensions that pushed war-risk premiums higher, especially for vessels in the Strait of Hormuz. Source: Khaleej Times
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Bilal Jarjour
July 6, 2026
Primary insurers to bear the brunt of Q2’26 loss events: Goldman Sachs
New analysis from Goldman Sachs on Q2 2026 catastrophe events, drawing on data from insurance brokers and catastrophe modelling firms, estimates global insured catastrophe losses at approximately $24 billion, with primary insurers expected to absorb the majority of the impact. Source: Reinsurance News
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