April 10, 2025
Turkey: Premiums in insurance market expected to rise by 35-40% in 2025
The insurance industry is projected to increase total premiums by 35-40% in 2025, as inflation slows, according to data from the Insurance Association of Türkiye. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
April 10, 2025
Moody’: European insurers show resilience despite market declines from US tariffs
Moody’s Ratings, a credit rating agency that provides independent analysis and ratings on a wide range of financial instruments, has released a new report examining the effects of recent market fluctuations on the solvency of European insurers. Source: Reinsurance News
Read morePOSTED BY
Bilal Jarjour
April 9, 2025
Turkey: Insurance association issues ESG guide
The Insurance Association of Turkey has published a ‘Sustainability Guide’ specifically for the insurance sector to support environmental, social and governance transformation. Source: Middle East insurance Review
Read morePOSTED BY
Bilal Jarjour
April 9, 2025
Saudi Arabia: Report Average per capita spending on insurance in Saudi Arabia rises to 2082 riyals
A report issued by Arabian Shield Company revealed that the insurance penetration rate in Saudi Arabia, reflecting the sector’s contribution to the country’s non-oil GDP, reached 2.50% in 2024.This represents an increase from 2.38% in the previous year, representing an annual growth of 5%. Source: Al Morakeb
Read morePOSTED BY
Bilal Jarjour
April 9, 2025
Lloyds continued to deliver in 2024 despite major claims activity
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favorable returns to investors, with profits just shy of the previous year’s record, driven by favorable trading conditions and a return to more normal investment valuations. Source Reinsurance News
Read morePOSTED BY
Bilal Jarjour
April 9, 2025
Egypt: Amending the rules and ratios of investment of insurance companies and funds maximizes returns for policyholders
The Financial Regulatory Authority (FRA) recently amended the rules, controls and ratios of investment of private insurance funds and insurance companies. Source: اموال الغد
Read morePOSTED BY
Bilal Jarjour
April 8, 2025
European reinsurers improve compound property loss ratio.
The four major European reinsurers Hannover Re, Munich Re, Scorer and Swiss Re posted a record compound property loss and casualty ratio of 86.3% in 2024, according to Fitch Ratings. The compound loss ratio is a key indicator of an insurance company’s profitability, with a lower percentage indicating higher profitability. Source: Al Morakeb
Read morePOSTED BY
Bilal Jarjour
April 8, 2025
Morocco launches program to boost digital transformation in insurance sector.
The Superintendency of Insurance and Social Welfare in Morocco has launched the ÉMERGENCE development program in order to keep pace with the digital transformation in the insurance sector. Source: Middle East Forbes
Read morePOSTED BY
Bilal Jarjour
April 8, 2025
GCC: Listed insurers post $2.1bn profit in FY2024, despite challenges
78 listed GCC insurers reported a total after-tax profit of $2.1bn in FY2024, according to the latest “GCC Performance Periodical” Source :Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
April 8, 2025
Egypt: As of July, the amount of accident insurance for Egyptians abroad will be raised to EGP 250,000
The insurance amount in the personal accident policy for Egyptians working abroad has been raised to EGP 250k as of early July, compared to EGP 100k currently. Source: اموال الغد
Read morePOSTED BY