December 27, 2024
UAE: Insurance premiums jump by 21% to 50.8 billion AED
The Central Bank of the UAE indicated in the economic report for the third quarter of 2024 that the insurance sector in the country continued its growth for this quarter. Source: Al Morakeb
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Bilal Jarjour
December 27, 2024
Arab Countries: Increasing new operations to secure investment in Arab countries by 17%
The Arab Investment and Export Credit Guarantee Corporation (Daman) revealed that new operations to secure investment, financing and exports destined for Arab countries increased by 17% in 2023 to exceed $ 121 billion. Source:بوابة التأمين الإقتصادية
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Bilal Jarjour
December 27, 2024
Cat bond issuance reaches new high of $17.7bn in 2024
Catastrophe bond market records are descending in 2024 and set to be beaten on most fronts, as overall issuance recorded in our insurance-linked securities. Source: Reinsurance news
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Bilal Jarjour
December 27, 2024
Turkey: Turkish companies express interest in investing in the insurance and financial technology sectors in the Egyptian market
Turkish business federations and some Turkish companies have shown interest in investing in Egypt, particularly in the insurance and financial technology sectors. Source: اموال الغد
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Bilal Jarjour
December 24, 2024
Egypt: International experiences in the electronic issuance of insurance documents provide pioneering models for digital transformation.
The Egyptian Insurance Federation confirmed that digital transformation has become one of the main drivers for the development of the insurance sector worldwide. Source: المال
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Bilal Jarjour
December 24, 2024
Morocco: Insurance Authority Seeks Intermediaries for Large Companies in Absence of Law
The Insurance and Social Welfare Supervisory Authority decided to organize a competition to enter the profession of insurance broker, in June 2025, for those wishing to practice the profession of broker with major companies monopolizing the field. Source: Al Morakeb
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Bilal Jarjour
December 24, 2024
Fairly stable conditions expected at 1.1, reinsurance demand to remain high in 2025: RBC Capital Markets
The reinsurance industry should expect to see fairly stable conditions at the upcoming January 1st reinsurance renewals, with property catastrophe reinsurance pricing anticipated to be somewhere close to flat due to losses from recent hurricanes Helene and Milton not developing as adversely. Source: Reinsurance news
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Bilal Jarjour
December 24, 2024
121 billion dollars is the value of trade and investment insurance operations in the region during 2023.
The “Arab Investment and Export Credit Guarantee Corporation (Dhaman)” announced an increase in the value of existing commitments for investment and financing insurance. Source: الشرق الاوسط
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Bilal Jarjour
December 21, 2024
Jordan: Compulsory insurance is a hemorrhage that drains the lifeblood of insurance companies arteries
Raising the value of compulsory insurance, enacting a new insurance law, establishing specialized dispute settlement courts, and licensing qualified insurance experts Proposed solutions to save insurance companies from bankruptcy. Source: اخبار البلد
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Bilal Jarjour
December 21, 2024
Kuwait: Suspension of “Insurance repositories”
The Chairman of the Supreme Committee of the Insurance Regulatory Unit, Mohammed Al-Otaibi, approved the temporary suspension of Resolution No. 38 of 2023 regarding the issuance of rules regulating the activity of central insurance repositories and its amendments, in order to achieve the public interest. Source: Al Morakeb
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