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September 18, 2025
Türkiye: 5th port joins Lloyd’s Top 100 container ports, expanding insurance demand
The rapid growth in Turkiye’s maritime sector has created new needs in cargo insurance, transportation, and liability policies, according to Mr Murat Ciftci, CEO of IBS Insurance and Reinsurance Brokerage. Source: Middle East Insurance Review
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Bilal Jarjour
September 18, 2025
Turkey: Turkic World Insurance Union established
The Turkic World Insurance Union (TWIU) has been officially launched with its first general assembly meeting held in Shusha, the cultural capital of Azerbaijan. Source: Azer News
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Bilal Jarjour
September 15, 2025
Egypt extends the deadline for insurance companies to submit financial statements until the end of October
In Egypt, the Financial Regulatory Authority’s Board of Directors has issued resolution no 223 of year 2025 regarding the extension of the period for insurance companies to submit their periodic financial statements. Source: أموال الغد
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Bilal Jarjour
September 15, 2025
Syria gets $7.9m payout from drought parametric policy
A parametric insurance policy has been triggered to provide relief to nearly 120,000 people in Syria after one of the country’s worst droughts in half a century, through an initiative funded by Humanity Insured as part of a wider public–private partnership with the World Food Programme (WFP), the Global Shield Financing Facility, and support from…
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Bilal Jarjour
September 15, 2025
Aon tops reinsurance broker ranking on 2024 revenues, but Guy Carpenter ahead in 2025
Our ranking of the world’s largest reinsurance brokers reveals that, based on revenues, Aon Reinsurance Solutions led the way in 2024, however, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, is ahead in 2025. Source: Reinsurance News
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Bilal Jarjour
September 15, 2025
Can global reinsurers stay on track through 2026?
During the upcoming renewals, S&P Global Ratings expects a moderate decline in pricing for short-tail lines but that global reinsurers will hold firm on terms and conditions. Source: Carrier Management
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Bilal Jarjour
September 11, 2025
Kuwait: Launch of the first phase of the “Insurance Brokers Network”
The insurance sector in Kuwait has completed the first phase of gathering a group of licensed insurance brokerage firms under the umbrella of the Insurance Brokers Network (KIBN). Source: Al Morakeb
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Bilal Jarjour
September 11, 2025
Turkey: Insurance coverage of SMEs stands at 32%
While small and medium-sized enterprises (SMEs) make up 99.7% of all enterprises in Türkiye, the insurance rate for them remains at 32%. Source: Middle East Insurance Review
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Bilal Jarjour
September 11, 2025
AM Best: Reinsurers headed toward meeting their cost of capital in 2025
Unless the market experiences an additional $16 billion in net reinsurance losses between now and year-end, AM Best’s composite of top global reinsurers are set to meet their cost of capital in 2025. Source: Reinsurance News
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Bilal Jarjour
September 11, 2025
Swiss Re expects global insurance premiums to double by 2040, currently standing at $2.4 trillion
Swiss Re, a reinsurance company, predicts that the volume of insurance premiums worldwide will double by 2040, driven by industry growth at rates parallel to global GDP. Source: المال
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