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July 23, 2025
Saudi Arabia: The Insurance Authority invites public feedback on the draft Insurance Law
In Saudi Arabia, the Insurance Authority has made the draft Insurance Law available for public comment via a discussion platform till 22 July 2025. Source: أرقام
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Bilal Jarjour
July 23, 2025
Turkiye: Insurers monitor renewable energy investments for available business opportunities
Turkiye is showing rapid growth in renewable energy, and these investments are being closely followed by the insurance sector, according to Mr Murat Ciftci, CEO of Istanbul-headquartered IBS Insurance and Reinsurance Brokerage. Source: Middle East Insurance Review
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Bilal Jarjour
July 23, 2025
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Source: Reinsurance News
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Bilal Jarjour
July 23, 2025
Best’s review explores the AI race in the insurance industry
The May issue of Best’s Review examines AI developments in the insurance industry. Source: AMBest
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Bilal Jarjour
July 19, 2025
Egypt: Alaa El-Zohairy: We aim to make insurance an effective tool for protecting the economy
Mr Alaa El-Zohairy, Chairman of the Insurance Federation of Egypt, emphasized that the federation believes that developing human capital and raising market efficiency is the cornerstone of the insurance industry growth and sustainability. Source: Al Morakeb Group
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Bilal Jarjour
July 19, 2025
US: Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
Insurance rates across the US continued their upward trend in the second quarter of 2025. Source: Reinsurance News
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Bilal Jarjour
July 19, 2025
Turkey: Declining inflation and rising interest rates improve the financial conditions of insurance companies
According to the credit rating agency ‘Fitch’, Turkish non-life insurance companies are expected to benefit from improvements in their operating results and thus their profits during the year 2025. The reasons include declining inflation and rising interest rates. Source: تأمين ومصارف
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Bilal Jarjour
July 19, 2025
Egypt: Insurance federation supports issuance of digital fire insurance policies
The Insurers Federation of Egypt (IFE) has recommended supporting the digitalization of fire insurance policies to facilitate access to insurance coverage, especially in remote areas. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Middle East: Region’s HNW international life insurance market show robust growth
Middle East new business sales grow by 16% to GBP2.1bn ($2.8bn) as the region becomes an increasingly attractive destination for wealth and financial services, according to the “2024 Wealth Management Market Study” for Utmost Group. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Natural disaster losses until June 30 reached 90 billion dollars
According to estimates from Jefferies Financial Group, insured losses from natural disasters that occurred until June 30, 2025, reached 90 billion dollars. This figure significantly exceeds the 58 billion recorded during the same period in 2024, as well as the average of 55 billion over the past five years. Source: تأمين ومصارف
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