September 9, 2025
Saudi Arabia: Health insurance premiums forecast to double by 2030 on regulatory support & digital transformation
Health insurance premiums are projected to nearly double from SAR42bn ($11.2bn) in 2024 to SAR83bn in 2030, according to a white paper released by Bupa Arabia. Source: Middle East Insurance Review
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Bilal Jarjour
September 4, 2025
Muscat: Insurance companies’ profits reach 19.7 million riyals in first half of 2025
The insurance sector in the Sultanate of Oman showed improved performance during the first half of the current year, supported by continuous growth in the insurance industry. Source: أرقام
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Bilal Jarjour
September 4, 2025
Saudi Arabia: ‘Blme Capital’: The insurance sector faces challenges with declining interest rates
The CEO of investment at ‘Blme Capital’, Thamer Al-Saeed, stated that the insurance sector is one of the most speculative sectors in the Saudi market, comprising between 35 and 37 companies. He pointed out that about 4 to 7 of these companies have strong financial viability and fundamentals that make them attractive to investors. Source:…
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Bilal Jarjour
September 4, 2025
Moody’s shifts reinsurance sector outlook to stable as market tilts toward buyers
Moody’s has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. Source: Reinsurance News
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Bilal Jarjour
September 4, 2025
Gulf Islamic insurance companies are facing a decline in profits despite strong revenue growth
S&P Global Ratings expects that Islamic and Takaful insurance companies in the Gulf Cooperation Council (GCC) countries will experience a sharp decline in profits during 2025, even as they continue to benefit from strong revenue growth. Source: بوابة التأمين الإقتصادية
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Bilal Jarjour
September 2, 2025
Softening reinsurance market could drive M&A opportunities: Fitch
According to Fitch Ratings, a softening reinsurance marketplace might well drive the return of merger and acquisition (M&A) activity as organic opportunities diminish. Source: Reinsurance News
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Bilal Jarjour
September 2, 2025
Best’s Market Segment Report: European ‘big four’ reinsurers maintain their risk appetites
Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – reported strong results in 2024, benefitting from good rate adequacy and continued underwriting discipline on policy terms and attachment points. Source: AM Best
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Bilal Jarjour
September 2, 2025
Tunisia: Insurance market grows by 11% in 1H2025 on buoyant life business
The insurance market in Tunisia registered double-digit growth in the first half of the year, supported by a notable increase in life insurance business, which was the fastest-growing branch of business. Source: Middle East Insurance Review
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Bilal Jarjour
September 2, 2025
Kuwait: The Insurance Regulatory Unit urges insurance companies to adhere to the prohibition of cash transactions for compulsory policies
The Insurance Regulatory Unit urges all insurance companies operating in the market to adhere to the necessity of not accepting or conducting any cash transactions related to the issuance of compulsory insurance policies. Source: Al Morakeb Group
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Bilal Jarjour
September 1, 2025
Saudi Arabia: The individual spending rate on insurance rises to 2367 riyals (+16%) in 2024
The annual report on the insurance market in the Kingdom, issued by the Insurance Authority, showed an increase in the individual spending rate on insurance in Saudi Arabia by 16% to 2367 riyals in 2024 compared to 2035 riyals in 2023. Source: تأمين ومصارف
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