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August 21, 2025
Egypt: The Financial Regulatory Authority issues conditions and standards for the registration of foreign non-resident reinsurance brokers
The Board of Directors of the Financial Regulatory Authority, chaired by Dr Mohamed Farid, issued the decision no 158 of year 2025 regarding the conditions and standards for the registration of foreign non-resident reinsurance brokers. Source: أموال الغد
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Bilal Jarjour
August 21, 2025
Lebanon: AM Best Affirms Credit Ratings of Arab Re for year 2025
AM Best, the global rating agency, has issued its annual rating for Arab Reinsurance Company S A L (Inter-Arab Company), affirming its Financial Strength Rating of B (Fair). The outlook is stable. This positive affirmation of the Company’s financial strength is a confirmation of the soundness of the strategies it has adopted since its establishment,…
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Bilal Jarjour
August 20, 2025
Kuwait: Regulator issues new rules on mandatory insurance policies
The Insurance Regulatory Unit has issued a resolution concerning rules for issuing mandatory insurance policies in Kuwait, excluding civil liability insurance resulting from traffic accidents (compulsory vehicle insurance). Source: Middle East Insurance Review
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Bilal Jarjour
August 20, 2025
GCC: Growth in earnings of listed insurers muted by Saudi market downturn in 1H2025
While total net profit across 76 listed GCC insurers held steady at $1.2bn in 1H2025, the overall performance was weighed down by Saudi insurers, who saw profits decline by 40.3%, with only six out of 25 recording higher earnings. Source: Middle East Insurance Review
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Bilal Jarjour
August 20, 2025
Dedicated reinsurance capital to hit record $649bn in 2025: AM Best/GC
Global dedicated reinsurance capital is projected to climb to an unprecedented $649 billion in 2025, according to estimates from AM Best and Guy Carpenter. Source: Reinsurance News
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Bilal Jarjour
August 20, 2025
Egypt: The insurance sector is considering issuing bonds to address compensation for natural disaster risks.
The local insurance sector is looking into resorting to natural disaster bonds to cover these and overcome the constraints of global reinsurance companies. Source: المال
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Bilal Jarjour
August 15, 2025
Algeria: National reinsurer shows 7.5% profit increase in 2024
Algiers-headquartered national insurer, Central Reinsurance Company (CCR), increased its GWP to DZD50.05bn ($369m) in 2024, 7.5% higher than the DZD46.55bn in 2023, according to financial data released by the company. Source: Middle East Insurance Review
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Bilal Jarjour
August 15, 2025
Saudi Arabia: Pricing action urgent to avert 2025 becoming difficult year of losses
With few bright spots, 1H2025 has reinforced the challenges already visible in the first quarter. The impact of prolonged intense price competition in medical and certain motor segments continues to weigh heavily on results. Source: Middle East Insurance Review
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Bilal Jarjour
August 15, 2025
Healthy & constructive market environment needs to be the new norm.
The current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. Source: Reinsurance News
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Bilal Jarjour
August 15, 2025
Egypt: Insurance companies achieve 56.8 billion pounds in premiums and pay out 28.9 billion in compensation over 6 months.
Dr. Mohamed Farid, Chairman of the General Financial Supervisory Authority, revealed that the total premiums of insurance companies operating in the Egyptian market reached about 56.8 billion pounds during the first half of 2025, compared to 43.7 billion pounds in the same period last year. Source: اموال الغد
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