January 23, 2025
Iraq: The Iraqi government requires “health insurance” to grant entry visas to the country
The Iraqi Council of Ministers decided to require a health insurance document to grant entry visas to the country Source: Al Morakeb
Read morePOSTED BY
Ahmad Zein
January 23, 2025
Morocco: Regulators explore compulsory homeowner’s insurance
The Supervisory Authority of Insurance and Social Welfare has commissioned ARM Consultants to carry out a study on making homeowner’s insurance compulsory in Morocco. Source: Middle East Insurance Review
Read morePOSTED BY
Ahmad Zein
January 23, 2025
Launching the “Insur Grow” program to develop insurance products in the Egyptian market
The Egyptian Insurance Federation revealed the launch of “InsurGrow” program to support leading insurance companies in Egypt and to develop their products, establish new distribution channels, acquire more customers, build strategic partnerships, and improve the operational environment. Source: اموال الغد
Read morePOSTED BY
Ahmad Zein
January 23, 2025
Kuwait: Kuwait’s Insurance Regulatory Authority issues two new circulars
The Insurance Regulatory Unit issued two new circulars, Circular No. (2) of 2025, regarding the requirement of written consent before repairing the damaged vehicle, and Circular No. (3) of 2025, regarding the obligation to pay compensation in work injury and occupational diseases insurance policies, in accordance with Law No. (125) of 2019, to regulate insurance…
Read morePOSTED BY
Ahmad Zein
January 21, 2025
Syria: Insurance sector could collapse, Federation warns
The Syrian Insurance Federation (SIF) issued a statement expressing its regret that the bank accounts of insurance companies and SIF have been frozen in pursuant to the instructions of the Central Bank for more than a month without clarifying the reasons. Source: Middle East Insurance Review
Read morePOSTED BY
Bilal Jarjour
January 21, 2025
Egypt: Financial Supervision Sets EGP 400 minimum capital for insurance companies
The Board of Directors of the Financial Regulatory Authority (FRA) issued Resolution No. 196 of 2024 regarding determining the minimum capital of companies operating in the insurance sector, in implementation of the provisions of the Unified Insurance Law issued last July. Source:المال
Read morePOSTED BY
Bilal Jarjour
January 21, 2025
Reinsurers more willing to cover risks in Middle East
Reinsurers, including Swiss Re have become more willing to provide cover for the Middle East in the industry’s January policy renewal season, removing a clause which allowed them to pull out if the Gaza conflict escalated. Source: Reuters
Read morePOSTED BY
Bilal Jarjour
January 21, 2025
MENA: 2025 Outlook stable on growth and reforms despite geopolitics
Moody’s Ratings: The outlook for credit fundamentals for sovereigns in the Middle East and North Africa (MENA) remains stable. Source :Middle Insurance Review
Read morePOSTED BY
Bilal Jarjour
January 18, 2025
Egypt: A big boom in the insurance sector in the new year
Dr. Mohamed El-Maghraby, economist and financial expert and president of Public Partners, predicted that the Egyptian insurance market will witness a remarkable boom during the new year 2025. He pointed out that these expectations are built with the entry of technology in the insurance sector and the electronic issuance of insurance policies in various insurance…
Read morePOSTED BY
Bilal Jarjour
January 18, 2025
California fires the biggest damage to insurance companies comes from rising building and real estate prices
According to the international rating agency Standard & Poor’s, insurance companies are facing significant losses in areas affected by the Los Angeles fires due to the rise in real estate and building prices, including furniture and furnishings. Preliminary estimates by the aforementioned classification agency showed that the cost ranges between 10 and 15 billion US…
Read morePOSTED BY