September 9, 2025
Turkey: Premium production in participation insurance (takaful) reached 33 billion lira
Participation insurance premium production exceeded 32.5 billion lira in the first half of the year. As of June 2025, the insurance sector’s total premium production of 576.8 billion lira accounted for 5.6 percent. Source: Finansin Gündemi
Read morePOSTED BY
Bilal Jarjour
September 9, 2025
Egypt: IFE studies steps to a unified medical system
The Insurance Federation of Egypt is studying a plan to establish a unified medical system that would cover all employees of insurance companies, including those who have retired. Source: أموال الغد
Read morePOSTED BY
Bilal Jarjour
September 9, 2025
UAE: ADNOC and RIQ eye US$500m in reinsurance business in strategic collaboration
RIQ, the AI-native reinsurance platform and a subsidiary of International Holding Company (IHC), has entered into a strategic reinsurance collaboration agreement with ADNOC, a leading diversified energy group, wholly owned by the Abu Dhabi government. Source: Middle East Insurance Review Source: IHC
Read morePOSTED BY
Bilal Jarjour
September 9, 2025
Saudi Arabia: Health insurance premiums forecast to double by 2030 on regulatory support & digital transformation
Health insurance premiums are projected to nearly double from SAR42bn ($11.2bn) in 2024 to SAR83bn in 2030, according to a white paper released by Bupa Arabia. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
September 4, 2025
Muscat: Insurance companies’ profits reach 19.7 million riyals in first half of 2025
The insurance sector in the Sultanate of Oman showed improved performance during the first half of the current year, supported by continuous growth in the insurance industry. Source: أرقام
Read morePOSTED BY
Bilal Jarjour
September 4, 2025
Saudi Arabia: ‘Blme Capital’: The insurance sector faces challenges with declining interest rates
The CEO of investment at ‘Blme Capital’, Thamer Al-Saeed, stated that the insurance sector is one of the most speculative sectors in the Saudi market, comprising between 35 and 37 companies. He pointed out that about 4 to 7 of these companies have strong financial viability and fundamentals that make them attractive to investors. Source:…
Read morePOSTED BY
Bilal Jarjour
September 4, 2025
Moody’s shifts reinsurance sector outlook to stable as market tilts toward buyers
Moody’s has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. Source: Reinsurance News
Read morePOSTED BY
Bilal Jarjour
September 4, 2025
Gulf Islamic insurance companies are facing a decline in profits despite strong revenue growth
S&P Global Ratings expects that Islamic and Takaful insurance companies in the Gulf Cooperation Council (GCC) countries will experience a sharp decline in profits during 2025, even as they continue to benefit from strong revenue growth. Source: بوابة التأمين الإقتصادية
Read morePOSTED BY
Bilal Jarjour
September 2, 2025
Softening reinsurance market could drive M&A opportunities: Fitch
According to Fitch Ratings, a softening reinsurance marketplace might well drive the return of merger and acquisition (M&A) activity as organic opportunities diminish. Source: Reinsurance News
Read morePOSTED BY
Bilal Jarjour
September 2, 2025
Best’s Market Segment Report: European ‘big four’ reinsurers maintain their risk appetites
Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – reported strong results in 2024, benefitting from good rate adequacy and continued underwriting discipline on policy terms and attachment points. Source: AM Best
Read morePOSTED BY