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The Financial Services Authority (FSA) is preparing for the launch of the second phase of the National Health Insurance Platform. Source: Middle East Insurance Review
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The Insurance Federation of Egypt recommends the necessity of shifting towards diversifying reinsurance sources through regional companies or alliances with reinsurers in Asia and South America. Source: اليوم السابع
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Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies, the sovereign wealth fund has said in a statement. Source: Middle East Insurance Review
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The Financial Services Authority organized a preparatory meeting with insurance companies and representatives of private healthcare institutions for implementing the second phase of the “Dhamani” electronic platform. This second phase involves preparing the “Dhamani” e-platform for the exchange of medical documents. Source: الرؤية
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Geopolitical tensions boost travel insurance Amidst rapid changes casting their shadow over flight travel in the region and globally, travel insurance policies have returned to the forefront of attention, after repeated instances of flight cancellations and delays to multiple destinations in recent days. Source: الخليج
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In the UAE, owners of private companies have reported that the cost of insurance policies for their company vehicles, known as commercial car insurance, has increased by more than 300% since the beginning of this year. Source: Al Morakeb Group
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Ship insurance prices crossing the strait of Hormuz have surged over 60% since the onset of the war between Israel and Iran, amid escalating threats to shipping in this vital waterway for transporting crude oil, according to Financial Times. Source: الشرق
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The Egyptian insurance sector possesses the capabilities and readiness to deal with the potential repercussions of any developments that may arise due to the current regional tensions. Source: المال
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The Council of Ministers, in its latest session, approved the proposal of the Minister of Public Works, Faiz Rasmini, to cover the insurance costs incurred by Middle East Airlines due to wartime risks. Source: Al Morakeb
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Arab Reinsurance Company, its board of directors, and its employees mourns Dr. Mostafa Rajab, a loss to the Arab insurance sector and one of the most prominent pioneers and experts in insurance and reinsurance in the Arab world. Source: Arab Re
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