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August 14, 2025
Morocco: Insurance market sees recovery in life and sustained momentum in non-life in 2024
The Moroccan insurance sector recorded strong growth in 2024, despite a challenging economic environment, according to the latest annual financial stability report published by the kingdom’s financial authorities. Source: Middle East Insurance Review
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Bilal Jarjour
August 14, 2025
Kuwait: The Insurance Regulatory Unit issues the rules for professional ethics
In Kuwait, the Insurance Regulatory Unit issued the circular no 18 of year 2025 regarding rules for compliance with professional ethics, competence, and integrity for licensed individuals. Source: معلومات مباشر
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Bilal Jarjour
August 14, 2025
Kuwait: Minister of Justice: committee to develop the ins legislative system
In Kuwait, the Minister of Justice, Mr Nasser Al-Sumait, issued a decision to form a committee in order to develop the legislative system for insurance and the legal issues arising from it. Source: الأنباء
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Bilal Jarjour
August 14, 2025
Global Insurance Market Index (by Marsh)
Global insurance rates declined 4% in the second quarter of 2025, marking the fourth consecutive quarter of decline in Marsh’s Global Insurance Market Index. Source: Marsh
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Bilal Jarjour
August 12, 2025
Saudi Arabia: Standard & Poor’s has a positive outlook on the insurance sector in the Kingdom.
A recent study by Standard & Poor’s revealed that the insurance sector in Saudi Arabia is benefiting from the strong growth prospects of the Saudi economy, driven by Vision 2030 initiatives. However, the sector faces challenges related to high concentration and weak penetration. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
August 12, 2025
Oman: Regulator quashes unauthorized motor premium hike
The Financial Services Authority (FSA), the regulator of the insurance sector in Oman, has confirmed that it had not granted approval to any insurance company to increase mandatory motor third-party liability (MTPL) insurance premiums. Source: Middle East Insurance Review
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Bilal Jarjour
August 12, 2025
Property cat isn’t approaching a pain point; there is no soft market
There is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Source: Reinsurance news
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Bilal Jarjour
August 12, 2025
Insurance Companies Union: Balancing Technology and Human Element is the Key to Success
The Egyptian Insurance Companies Union clarified that the world is witnessing radical and rapid transformations in various fields of life, driven by rapid technological advancements, topped by the rise of Artificial Intelligence (AI) technologies, which have become not just a future concept, but a tangible reality reshaping industries and profoundly affecting the global labor market.…
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Bilal Jarjour
August 9, 2025
Kuwait: Insurance premiums down by 9% year on year in FY2025
Insurance companies’ premium volume in Kuwait declined by 9% in the fiscal year ended 31 March 2025 (FY2025) with the health insurance branch reporting a notable drop, according to the sector’s regulator. Source: Middle East Insurance Review
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Bilal Jarjour
August 9, 2025
AI: Insurance premiums to hit US$4.8 billion within 7 years
As artificial intelligence embeds itself deeper into the fabric of modern life, industries from healthcare to transportation are reconfiguring how they operate. Source: InsuranceBusiness
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