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July 17, 2025
Saudi Arabia: Advisory council raises proposals for improvements in insurance sector
The Consultative Assembly of Saudi Arabia is requesting the Insurance Authority (IA) to study the possibility of amending the system for filing insurance claims for minor accidents, allowing drivers to submit them directly to insurers. Source: Middle East Insurance Review
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Bilal Jarjour
July 17, 2025
Fitch: Capacity & competition put further pressure on prices after 2024 peak
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. Source: Reinsurance News
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Bilal Jarjour
July 16, 2025
GAIF: Actuarial models take root in the region
The growing importance of actuarial sciences is steering insurance markets in the region to nurture actuarial talent, especially with the lack of sufficient capacity in the field. Source: Middle East Insurance Review
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Bilal Jarjour
July 16, 2025
Egypt: The Insurance Companies Union announces the final list of candidates for the Board of Directors
The Egyptian Insurance Companies Union announced in an official statement the final list of candidates for membership on the Board of Directors for the new term 2025-2029, after the nomination period lasting 15 days ended on the eighth of July. Source: Al Morakeb
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Bilal Jarjour
July 16, 2025
The rise in import tariffs is hitting the global insurance sector, and the United States will be the most affected, according to Swiss Re Institute
According to a recent study conducted by the Swiss Re Institute, the increase in tariffs imposed by the U.S. government will lead to a slowdown in global economic growth. This slowdown is expected to impact the growth of global insurance premiums, which will decrease from 5.2% in 2024 to 2% in 2025 and 2.3% in…
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Bilal Jarjour
July 16, 2025
Global insured catastrophe losses could reach $90bn in H1’25, second-highest on record
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. Source: Reinsurance News
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Bilal Jarjour
July 14, 2025
Jordan: The Executive Committee of the Legal Committee discusses legal topics
In Jordan, the Executive Committee of the Legal Committee held its regular meeting on 8/7/2025. During the meeting, a number of legal topics of interest to insurance companies were discussed. Source: Al Morakeb Group
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Bilal Jarjour
July 14, 2025
Saudi Arabia: Shura council calls for studying the possibility of amending the motor claims mechanism
In the Kingdom of Saudi Arabia, the Shura Council has called on the Insurance Authority, in coordination with relevant entities, to study the possibility of amending the mechanism for filing insurance claims for minor accidents. Source: معلومات مباشر
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Bilal Jarjour
July 14, 2025
Saudi Arabia: The insurance sector makes history… a strong leap in protection and savings
In the Kingdom of Saudi Arabia, the protection and savings insurance sector recorded a remarkable jump of nearly 98.7% during the first quarter. Source: Now
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Bilal Jarjour
July 14, 2025
Best’s Commentary: Latest middle east turmoil generates additional, familiar exposures for insurers
While the most recent period of military action in the Middle East presents a range of potential geopolitical risk exposure for the insurance industry, the direct impacts will largely be limited by war exclusions and narrowly defined policy triggers, according to a new AM Best report. Source: AMBest
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