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June 18, 2025
Saudi Arabia: Medical out of ICU, Motor back in workshop for repairs
The Saudi Arabian insurance industry’s profits (after-zakat & tax) dropped by 28% in the first three months of 2025 to SAR0.6bn ($160m) in 1Q2025 from SAR0.9bn in 1Q2024, Badri Management Consultancy, an international actuarial consulting company, has said. Source: Middle East Insurance Review
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Bilal Jarjour
June 18, 2025
Middle East: Israel-Iran conflict escalates shipping risk
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz. Source: Middle East Insurance Review
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Bilal Jarjour
June 18, 2025
Middle East: The size of the marine insurance market in the Middle East and Africa is expected to reach 503 million dollars in 2024
The Middle East Marine Insurance Forum 2025 held a session titled ‘Prospects of Marine Insurance in Africa and the Middle East: Challenges and Opportunities. Source: اموال الغد
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Bilal Jarjour
June 18, 2025
Egypt: The Financial Supervisory Authority decides to extend the deadline for insurance companies to comply for an additional year
The Board of Directors of the Financial Supervisory Authority issued Resolution No. 102 of 2025 regarding the extension of the time limit set for the entities subject to the provisions of the Unified Insurance Law, which includes all companies and entities operating in the insurance sector, in implementation of Law No. (155) of 2024. Source:…
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Bilal Jarjour
June 14, 2025
Global: New report reveals demand for political risk insurance up by 33%
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection and these in turn are giving a boost to credit and political risk insurance according to a new report. Source: Asia Insurance Review
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Bilal Jarjour
June 14, 2025
Saudi Arabia: Economic expert explains importance of mergers in the insurance sector
In Saudi Arabia, economic expert Talat Hafiz explained the importance of mergers in the Kingdom’s insurance sector in terms of “company capitalization” and “diversification of insurance branches.” Source: Al Morakeb Group
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Bilal Jarjour
June 14, 2025
Swiss Re: SONAR 2025: New emerging risk insights
Swiss Re’s annual SONAR report provides early insights into new and evolving risks to help businesses and insurers prepare for future challenges. Source: Swiss Re
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Bilal Jarjour
June 14, 2025
Egypt: FRA issues standards for the insurance brokerage activity
In Egypt, the Board of Directors of the Financial Regulatory Authority has issued a resolution no 69 of year 2025 regarding the professional rules and standards for the registration and practice of insurance and reinsurance brokerage activity. Source: أموال الغد
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Bilal Jarjour
June 12, 2025
Egypt: Loss adjustors rise to 32 entities
The number of survey and loss adjusting firms in the Egyptian insurance sector reached 32 companies by the end of March 2025. This is an increase from 31 companies in year 2024, according to a report by the Financial Regulatory Authority on the technical performance of non-banking financial activities. Source: أموال الغد
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Bilal Jarjour
June 12, 2025
Syrian Insurance Supervisory participates in IMF discussions
As part of ongoing efforts to enhance transparency and improve financial services, the General Manager of the Syrian Insurance Supervisory, Mr Kifah Al Mousa Al Farmali, participated in discussions held with a delegation from the International Monetary Fund (IMF) during its visit to the Ministry of Finance. Source: Al Morakeb Group
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