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May 3, 2025
UAE: AED 12.8 billion as insurance premiums at DIFC by 2024
Insurance business grew by 35% in Dubai International Financial Centre (DIFC), with total written premiums reaching AED 12.8 billion ($3.5 billion) in year 2024 across 125 institutions operating in the sector, according to the Global Insurance Outlook 2025 report. Source: الخليج
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Bilal Jarjour
May 3, 2025
Motor/Global: Shifting gears in a changing landscape: A global perspective of motor (re)insurance
Motor insurance is one of the largest non-life lines of business globally, making up about 40% of the total USD 2.2 trillion property and casualty market. Source: Swiss Re
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Bilal Jarjour
April 30, 2025
Gaif on the way to digitization and starting with a new website
As part of its digital transformation strategy, the General Arab Insurance Union launched its new website: https://gaif-home.gaif.org/home.This initiative provides ITU members and insurance professionals with easy access to market information and data. Source: تأمين ومصارف
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Bilal Jarjour
April 30, 2025
UAE: DIFC announces 35% leap in insurance business in 2024.
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, recorded a 35% leap in gross written premiums to $3.5bn in 2024 from $2.6bn in 2023. Source: Middle East Economy
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Bilal Jarjour
April 30, 2025
Middle East: Manual processes and data gaps challenge digital transformation in insurance markets
Despite strong regulatory frameworks and rising interest in digital solutions, resistance to change still exists, stemming from the use of, and familiarity with, outdated technologies and workflows. Source: Middle East Insurance Review
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Bilal Jarjour
April 30, 2025
Egypt: Expected rise in demand for the document “Commercial Credit”
There is an expected rise in demand for trade credit insurance policy from importers after requesting it from exporters abroad. Source: المال
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Bilal Jarjour
April 28, 2025
Risk engineering in insurance reduces losses, enhances sustainability and increases confidence between customers and insurance companies
Risk engineering is one of the most important disciplines in the insurance sector, as it focuses on identifying and assessing risks and reaching mechanisms to mitigate them before they lead to losses. Source: تامين ومصارف
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Bilal Jarjour
April 28, 2025
A tiring start for insurance companies in 2025, the cost of natural disasters so far has reached $ 83 billion.
According to preliminary data published by the company “Aon”, the economic damage caused by natural disasters that occurred in the first quarter of 2025, may reach $ 83 billion. Source: تامين ومصارف
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Bilal Jarjour
April 28, 2025
Reinsurers to be only ‘mildly affected’ by existing tariffs
While tariff-induced inflationary factors impacting property insurance are expected to affect property reinsurance as well, Morningstar DBRS analysts have suggested reinsurers will only see a mild impact due to their diverse global operations and exposure to non-property lines like life and casualty reinsurance. Source: Reinsures News
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Bilal Jarjour
April 28, 2025
Gallagher Rey estimates insured losses of $56 billion in first quarter.
Reinsurance brokerage Gallagher Re estimated that total initial insured losses in the first quarter of 2025 were at least $56 billion, making it the most expensive first quarter ever for the private insurance market and government insurance sponsors since 2011, and 176% higher than the $20 billion first-quarter average over the past decade. (2015–2024). Source:…
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