March 5, 2026
Bahrain: the insurance sector adapts to regional shifts with updates to war risk cover
In light of the escalating geopolitical tensions in the region and increasing risks associated with vital maritime corridors, broad questions have emerged in economic circles regarding the insurance sector’s readiness to handle the repercussions of current events—both regarding property insurance within the Kingdom and maritime insurance linked to trade and energy movements. Source: Al Morakeb…
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Bilal Jarjour
March 5, 2026
Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping
Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging. Source: The Guardian
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Bilal Jarjour
March 5, 2026
Robust capital and earnings shield global reinsurers from Middle East conflict risks
S&P Global Ratings (S&P) expects the conflict in the Middle East to inject additional uncertainty and earnings volatility into global reinsurers’ 2026 results, particularly within specialty lines. Source: S&P Global Source: Middle East Insurance Review
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Bilal Jarjour
March 5, 2026
Middle East: Capital buffers support credit conditions of local insurers in short-term conflict scenario
S&P Global Ratings (S&P) says that it considers the gravity of the military conflict in the Middle East to have moved from high to severe in its pre-defined scenarios. Source: Middle East Insurance Review
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Bilal Jarjour
March 3, 2026
GCC: War triggers war-risk policy cancellations and premium rates surges
The war that broke out in the Gulf region, following US and Israeli strikes on Iran, has led insurers to cancel war risk covers and raise premiums for vessels sailing in the region and transiting the Strait of Hormuz. Source: Middel East Insurance Review
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Bilal Jarjour
March 3, 2026
Reinsurers likely to raise prices & reduce capacity in the Gulf amid Iran conflict
The Iran conflict adds to a series of recent geopolitical crises that have already pressured marine and aviation insurers’ profitability, with Morningstar DBRS stating that reinsurers are likely to respond by raising attachment points or reducing capacity, increasing retention for primary carriers. Source: Reinsurance News
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Bilal Jarjour
March 3, 2026
Expected increase in demand for aviation insurance due to the war
Insurance companies anticipated a rise in demand for ‘aviation’ policies, amid expectations of increased reliance on air cargo following the outbreak of the war against Iran. Source: المال
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Bilal Jarjour
March 3, 2026
Bloomberg: Global Insurance Companies Withdraw from Covering Iran War Risks
Bloomberg reported that more than half of the world’s largest marine insurance associations will stop covering war risks for ships entering the Arabian Gulf starting next Thursday. Source: المال
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Bilal Jarjour
February 27, 2026
Egypt: Insurance Federation Identifies Major Global Risks for 2026 and Develops Strategies to Strengthen the Market
The Egyptian Insurance Federation has issued a comprehensive report on the major global risks expected in 2026, aiming to enhance the Egyptian market’s preparedness to address these challenges. Source:الدستور
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Bilal Jarjour
February 27, 2026
Saudi Arabia: The Insurance Authority monitors 2,000 violations and imposes fines of 25 million riyals in 2025
The Insurance Authority announced that it monitored more than 2,000 violations during 2025, related to breaches of supervisory and regulatory instructions, cybersecurity, and customer protection. Source: بوابة التأمين الإقتصادية
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