December 29, 2023
Egypt: Ins companies will begin implementing the IFRS next year
Dr Islam Azzam, Vice President of the Financial Regulatory Authority, said that year 2024 will witness insurance companies applying international financial reporting standards to strengthen companies’ competitiveness and increase the level of financial stability. Source: Amwal Al Ghad
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Bilal Jarjour
December 7, 2023
Swiss Re: In 5 charts: cautious insurance outlook in challenging economic market
We expect high inflation, natural catastrophe losses and financial market losses to put pressure on the global insurance industry this year. (by Swiss Re) Source: Swiss Re
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Bilal Jarjour
December 7, 2023
Egypt: Insurance industry awaits incentives to list on stock exchange
A package of incentives and tax measures must be provided to attract more insurance companies to list on the stock exchange, according to insurance industry players in Egypt. Source: Middle East Insurance Review
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Bilal Jarjour
December 7, 2023
Morocco: Long-term insurance savings lose appeal
The tax framework in Morocco has undergone significant changes, some of which have had a negative impact on long-term savings, according to Mr Mohamed Hassan Bensalah, the president of the Moroccan Insurance Federation (FMA). Source: Middle East Insurance Review
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Bilal Jarjour
December 7, 2023
KSA: Insurance Authority Emphasizes Need to Unify Efforts and Partner to Build and Develop Insurance Sector
The Insurance Authority (IA) held its first meeting with the CEOs of insurance companies, in a bid to strengthen communication with IA’s industry leaders, consolidate efforts to enhance the insurance industry, and establish robust insurance entities capable of competing and thriving. Source: Saudi Press Agency
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Bilal Jarjour
December 4, 2023
Egypt: Ins premiums grow by 30%
In Egypt, premiums of insurance companies increased to 54,927 billion pounds during the first 9 months of this year, compared to 42,249 billion pounds during the same period of year 2022, being an increase by 30%. Source: Amwal Al Ghad
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arabre
December 4, 2023
UAE: Listed ins companies performance analysis Q3 2023
In the UAE, the performance analysis of the listed insurance companies for quarter 3 year 2023, was issued by Badri on 20 November 2023. Source: Badri Consultancy
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arabre
December 4, 2023
SAMA licenses online reinsurance brokerage company
The Saudi Central Bank (SAMA) licensed “ReTech Reinsurance Brokers Co” for a soft launch phase to provide online reinsurance brokerage services. Source: SAMA
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arabre
December 4, 2023
KSA: Naji Al-Tamimi is appointed CEO of the Insurance Authority
The Insurance Authority in KSA has announced the appointment of Engineer Naji Al-Faisal Al-Tamimi as the CEO of the Insurance Authority. Source: Insurance Authority
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arabre
November 27, 2023
Kuwait: Ins companies to provide the IRU with statistics on “life and money sources”
The Insurance Regulatory Unit requested those subject to the rules of combating money laundering and terrorist financing in the field of insurance to provide quarterly statistics for life insurance activities and funds operations, as well as statistics for insurance agents and brokers. Source: Alraimedia
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